What is the global market size of Actuators Market?

Actuators Market size was valued at USD 59.13 billion in 2022 and is poised to grow from USD 63.27 billion in 2023 to USD 108.71 billion by 2031, growing at a CAGR of 7.0% in the forecast period (2024-2031).

Who are the key vendors in the Global Actuators Market?

The Global Actuators Market is relatively fragmented, with a huge level of competition. Company that manufactures RotoPR equipment. It is a well-known producer with a broad range of products, particularly in the areas of electric, hydraulic, and pneumatic actuators. Curtiss-Wright Corporation, Eaton Corporation Inc., Rockwell Automation Inc., and SMC Corporation are additional significant market participants. The main strategy used by the players in this market is the development of new technologies to provide their clients a wider range of products. The marketplace for actuators is competitive 'Honeywell International Inc.', 'Siemens AG', 'Emerson Electric Co.', 'ABB Ltd.', 'Rockwell Automation, Inc.', 'SMC Corporation', 'Flowserve Corporation', 'Bosch Rexroth AG', 'Parker Hannifin Corporation', 'Rotork Plc', 'Curtiss-Wright Corporation', 'Moog Inc.', 'Schneider Electric SE', 'Mitsubishi Electric Corporation', 'Nook Industries, Inc.', 'Altra Industrial Motion Corp.', 'Festo AG & Co. KG', 'KSB SE & Co. KGaA', 'IMI plc', 'Linak A/S'

What is the key driver of Global Actuators Market?

Vehicle safety regulations and vehicle standards mandated by government & regulatory authorities are prompting automakers to install safety systems in their vehicles, thereby driving the actuator market across the globe.

What is the key market trend for Global Actuators Market?

In May 2020, AUMA launched the high-performance PROFOX actuator series with advanced features. With built-in intelligence, low operating cost, high medical efficiency, and compact design, which is suitable for various industries like, combined heat and power plants, process industries, shipbuilding and water treatment.

Which region accounted for the largest share in Global Actuators Market?

In 2021, North America held the largest market share and dominated the market with market size of USD 12.87 billion.

Actuators Market Regional Analysis

Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the actuators market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of actuators market across North America, South America, Europe, Asia, the Middle East, and Africa.

Actuators Market Regional Insights

How are Infrastructure and Defense Shaping Actuator Demand in North America?

As per the actuators market regional analysis, due to developments in industrial automation and aircraft, North America remains the global leader in actuators. By 2024, smart actuators will be a part of over 65% of industrial plants' most critical systems. Big investments in energy and the military also help growth. Due to the rapid adoption of electromechanical actuators, particularly in robots and electric vehicles, the market is expected to grow significantly through 2025.

U.S. Actuators Market

In 2024, the United States will account for over 78% of North America's actuator revenue due to the extensive use of actuators in the automotive and aerospace industries. The USD 50 billion infrastructure plan of the Biden administration increased the demand for actuators in energy-efficient systems and smart transportation. Additionally, American businesses are setting the standard for advanced actuator research and development, which is utilized in autonomous systems, electric aircraft, and drones.

Canada Actuators Market

The Canadian actuators market is gradually expanding because of investments in renewable energy and smart infrastructure. HVAC actuators were used in 22% more smart building projects. Companies in Canada are switching from hydraulic to electric actuators, which increases the energy efficiency of utilities and mining. This shift is also aided by government goals for sustainability, which raise demand for industrial applications.

Why is Asia-Pacific the Fastest-Growing Region for Actuators?

The Asia-Pacific actuators market is expanding at the fastest rate due to the increasing prevalence of robots and industrial automation. APAC accounted for about 38% of global actuator exports in 2024. Adoption is being fueled by rapid infrastructure development, an increase in the production of consumer electronics and electric cars, and more. Using micro-actuators, nations like South Korea and Japan are pushing the boundaries of robotics and precise manufacturing.

South Korea Actuators Market

South Korea's robust robotics sector is contributing to the country's successful actuator market. With over 1,000 robots for every 10,000 workers, the nation had the highest robot density in the world in 2024. As a result, small, accurate actuators became more and more common. Due to the high costs associated with producing batteries and semiconductors, there is an even greater need for actuators in cleanrooms and high-precision automation systems.

Japan Actuators Market

Up until 2025, Japan's sophisticated industrial base will continue to propel economic expansion. Automation has become more crucial due to the nation's aging workforce, and medical robots and automated logistics both use electromechanical actuators. Advanced actuator systems increased the accuracy and productivity of new manufacturing lines in the electronics and automotive industries by more than 70% in 2024.

How Are EU Regulations Accelerating the Shift to Electric Actuators?

Europe continues to play a significant role in the global actuators market, emphasizing innovation and sustainability. Due to EU regulations on pollution and energy efficiency, electric actuators are replacing pneumatic and hydraulic ones. About 60% of factory modifications in Europe in 2024 made use of energy-efficient actuator systems. R&D projects and cross-border cooperation also increase the region's competitiveness.

UK Actuators Market

Actuators are becoming more and more popular in the UK due to their increased use of renewable energy and defense. Actuators used in offshore wind turbines increased by 18% in 2024. Since the government is funding smart manufacturing initiatives and more electric cars are being produced, the demand is also increasing. Motion control systems are being purchased by British companies to facilitate the automation of logistics and healthcare.

France Actuators Market

Actuators are increasingly being used in smart aircraft and transportation in France. The need for actuators in flight control systems has increased as a result of Airbus's 2024 aircraft production plan. Industries are transitioning from outdated pneumatic systems to electric actuators with the support of the French government's Industry 4.0 incentives. They will be more productive and emit less pollution as a result.

Germany Actuators Market

Germany dominates the European actuator market because it produces the best automobiles and machine tools. In 2024, electric actuators were utilized in over 75% of German industrial automation lines. Accuracy, energy efficiency, and AI-based motion control system innovations are being propelled by the nation's strong emphasis on Industrie 4.0 and collaborations between OEMs and actuator manufacturers.

Actuators Market Report Snapshots

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FAQs

Global Actuators Market size was valued at USD 49.83 Billion in 2023 and is poised to grow from USD 53.07 Billion in 2024 to USD 87.83 Billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

Companies are using tactics like developing new products, purchasing other businesses, and relocating in the fragmented actuators market. Large companies are concentrating on intelligent and energy-efficient actuator solutions for the automation, aerospace, and medical sectors. Two key actuators market strategies are collaborating with other businesses and integrating digitally (AI, IoT). New technologies in soft robotics and electroactive polymers are being developed by startups, which accelerate research and development for established companies and facilitate product customization for consumers. 'Rotork plc', 'SMC Corporation', 'Emerson Electric Co.', 'Honeywell International Inc.', 'ABB Ltd.', 'Parker Hannifin Corporation', 'Festo AG & Co. KG', 'Moog Inc.', 'Rockwell Automation, Inc.', 'AUMA Riester GmbH & Co. KG', 'Johnson Electric Holdings Limited', 'Curtiss-Wright Corporation', 'Allied Motion Technologies Inc.', 'Tolomatic, Inc.', 'MISUMI Group Inc.'

Actuators are being used more frequently as a result of the increased demand for industrial automation, particularly in the automotive, manufacturing, and electronics industries. Actuators and smart sensors are being used by an increasing number of businesses to automate repetitive tasks, increase operational efficiency, and reduce human error. The need for precise motion control components has increased due to the shift to Industry 4.0 and the growth of automated assembly lines, particularly in developing nations.

IoT and AI Integration for Intelligent Actuators: One of the key trends driving the growth of the global actuators industry is the integration of IoT and AI. In order to perform self-monitoring, diagnostics, and predictive maintenance, actuators are increasingly being connected to sensors, artificial intelligence algorithms, and Internet of Things platforms. By altering their operation in response to input from neighboring systems, smart actuators can reduce the likelihood of failure and increase the energy efficiency of systems. This trend is rapidly expanding in the fields of industrial automation, HVAC, and smart agriculture. In these domains, remote control and real-time performance insights are critical.

How are Infrastructure and Defense Shaping Actuator Demand in North America?