Global Electric Actuator Market Growth 2023-2029

Global Electric Actuator Market Growth 2023-2029

Product Code:454266

Published Date: Feb 08,2023

Pages: 123

Region: Global

Category: Machinery & Equipment

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An Electric Actuator is powered by a motor that converts electrical energy into mechanical torque for moving or controlling a mechanism or system. It is one of the cleanest and most readily available forms of actuator because it does not involve oil.

LPI (LP Information)' newest research report, the “Electric Actuator Industry Forecast” looks at past sales and reviews total world Electric Actuator sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Actuator sales for 2023 through 2029. With Electric Actuator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Actuator industry.

This Insight Report provides a comprehensive analysis of the global Electric Actuator landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Actuator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Actuator market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Actuator and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Actuator.

The global Electric Actuator market size is projected to grow from US$ 2493.6 million in 2022 to US$ 3245.8 million in 2029; it is expected to grow at a CAGR of 3245.8 from 2023 to 2029.

Global electric actuator key players include LINAK, THK, SMC Corporation, IAI, Parker, etc. Global top five manufacturers hold a share about 40%. Asia-Pacific is the largest market, with a share about 50%, followed by Europe and North America, both have a share about 44 percent. In terms of product, AC Electric Actuator is the largest segment, with a share over 73%. And in terms of application, the largest application is Industrial Equipment, followed by Home, Commercial, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Actuator market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Straight Stroke Electric Actuator
    Multi-rotary Electric Actuator
    Partial Rotary Electric Actuator

Segmentation by application
    Petrochemical
    General Industrial
    Electric Power
    Water Treatment
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    LINAK
    THK
    SMC Corporation
    IAI
    Parker
    Ewellix
    Thomson Industries
    TiMOTION
    FESTO
    Yamaha
    CKD
    Kollmorgen
    Chiaphua Components
    Tsubakimoto Chain
    Moteck Electric
    Tolomatic
    Mindman Industrial
    Auma
    Rotork
    Emerson
    Flowserve
    Chuanyi
    Schiebel
    Changzhou Power Station Auxiliary Equipment Co., LTD
    Shanghai Automation Instrument Co., LTD
    Surpass
    Wenzhou RICH Measure and Control Equipment Co.,Ltd
    YANGZHOU HENGCHUN ELECTRONICS CO., LTD.
    TFL
    Actuators Co., Ltd. Yangzhou Aotuo Ke
    BERNARD CONTROLS
    Koei Industry
    Tomoe
    ABB

Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Actuator market?
What factors are driving Electric Actuator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Actuator market opportunities vary by end market size?
How does Electric Actuator break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?