Global Actuators Market

Global Actuators Market Size, Share, Growth Analysis, By Type(Electric Actuator, Hydraulic Actuator), By End Use(Aerospace & Defense, Automotive) - Industry Forecast 2024-2031

Report ID: SQMIG25A2150 | Region: Global | Published Date: July, 2036
Pages: 157 | Tables: 72 | Figures: 75

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Global Actuators Market size was valued at USD 53.9 billion in 2019 and is poised to grow from USD 58.32 billion in 2023 to USD 118.54 billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).

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'

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.

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

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

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