#Actuators Market Growth

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Key Market Statistics Driving the Actuators Sector

The Actuators Market is a critical component of modern industrial systems, integral to the automation and control of machinery across various sectors. The market is projected to grow from USD 67.7 Billion in 2024 to USD 94.8 Billion by 2029, at a Compound Annual Growth Rate (CAGR) of 7.0%. This substantial growth is driven by rapid urbanization, industrialization, and increasing investments in infrastructure and plant renovation. The growing need for automation in industries such as automotive, food and beverages, oil and gas, robotics, defense, aerospace, and logistics is propelling the demand for actuators. This comprehensive analysis explores market statistics, size, trends, drivers, restraints, opportunities, and challenges within the actuators industry.

Market Statistics and Size

The Global Actuators Market, currently valued at USD 67.7 billion, is set to reach USD 94.8 billion by 2029. This growth is indicative of the increasing reliance on automation and the expansion of industries requiring precise control and efficiency in their operations. The market is characterized by a diverse range of applications, from simple industrial machinery to complex robotic systems, highlighting the versatility and importance of actuators in modern technology.

Market Trends

1. Automation and Robotics Integration

One of the most significant trends in the actuators market is the integration of automation and robotics across various industries. Actuators play a vital role in enabling precise control and movement in robotic systems, which are increasingly being adopted in manufacturing, automotive, and other sectors. The use of robots for tasks previously handled by manual labor is becoming more prevalent, driven by the need for improved efficiency, safety, and precision.

2. Technological Advancements

Advancements in actuator technology are also shaping market trends. Innovations in electric, hydraulic, and pneumatic actuators are enhancing their performance, reliability, and application scope. Improvements in computing power, software development tools, and networking technologies are simplifying the installation, programming, and maintenance of actuators, making automation more accessible and cost-effective.

3. Cost Reduction and Accessibility

The reduction in costs associated with robotics and automation technologies is making them more accessible to companies of all sizes. Emerging economies are particularly benefiting from these cost reductions, enabling smaller firms to adopt advanced automation solutions that were previously out of reach.

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Market Drivers

1. Rapid Industrialization and Urbanization

Rapid industrialization and urbanization are primary drivers of the actuators market. As urban areas expand and industrial activities increase, there is a growing need for automated systems to enhance production efficiency and manage complex operations. Actuators are crucial in these systems, providing the necessary control and precision.

2. Adoption of Industrial Robots

The widespread adoption of industrial robots is another significant driver. Robots rely on actuators for their movement and functionality, and the increasing use of robots in manufacturing and other industries is driving the demand for various types of actuators. This trend is particularly evident in the automotive sector, where robots are extensively used for assembly and production tasks.

3. Need for Efficiency and Precision

Manufacturing companies are increasingly favoring automation to improve safety, efficiency, and precision in production. Actuators enable precise control of machinery, reducing downtime and enhancing overall productivity. This need for improved operational efficiency is a major factor driving the growth of the actuators market.

Market Restraints

1. Low Oil Prices and Economic Slowdown

The oil and gas industry, a major user of actuators, is significantly affected by fluctuations in oil prices. Low oil prices can lead to reduced capital expenditure in this sector, impacting investments in new projects and equipment, including actuators. Additionally, economic slowdowns can delay or cancel projects requiring actuators, posing a challenge to market growth.

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Market Opportunities

1. Renewable Energy Sector

The increasing investment in renewable energy sources presents significant opportunities for the actuators market. Actuators are essential in power plants for controlling valves and other critical components. As power plants evolve to enhance operational flexibility and efficiency, the demand for advanced automation actuators is expected to rise. Furthermore, actuators play a crucial role in the solar energy sector, where they are used to adjust the direction of solar panels to optimize energy capture.

Market Challenges

1. Maintenance and Leakage Issues

Pneumatic and hydraulic actuators, while effective, present challenges related to maintenance and leakage. Pneumatic actuators require regular maintenance to prevent issues like noise and air leaks, while hydraulic actuators can suffer from fluid leaks that pose environmental risks and potential fire hazards. These challenges can increase maintenance costs and affect the overall efficiency of actuator systems.

Market Segmentation

1. By Type

Rotary Actuators: These actuators convert electrical energy into rotational motion and are used in automation applications such as gates and valves. The rotary segment is expected to grow at a significant rate due to its widespread use in industrial automation.

Hydraulic Actuators: Known for their ability to handle high-force applications, hydraulic actuators are extensively used in heavy-duty industrial applications. Despite their advantages, issues like fluid leakage and higher maintenance costs can be drawbacks.

2. By Application

Automotive: The automotive industry is a major user of actuators, particularly in manufacturing and assembly processes where precision and reliability are critical.

Aerospace and Defense: Actuators are used in various aerospace and defense applications, including aircraft control systems and military equipment.

Renewable Energy: The renewable energy sector, particularly solar power, relies on actuators for optimizing energy capture and controlling various components in power generation systems.

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Regional Analysis

Asia Pacific

Asia Pacific is projected to dominate the actuators market during the forecast period. The region's growth is driven by rapid industrialization, urbanization, and the presence of leading actuator manufacturers. Countries like India are expected to show the highest growth rates due to advancements in technology and increasing demand for automation solutions.

Key Market Players

The Actuators Market is dominated by several key players, including:

Rockwell Automation (US)

Emerson Electric Co. (US)

Parker Hannifin Corporation (US)

ABB Ltd. (Switzerland)

SMC Corporation (Japan)

These companies are at the forefront of innovation and have established strong market positions through diversified product portfolios and robust global sales networks.

The actuators market is set for significant growth, driven by rapid industrialization, urbanization, and the increasing adoption of automation across various industries. While challenges such as maintenance issues and economic fluctuations exist, the market presents substantial opportunities, particularly in the renewable energy sector. As technological advancements continue to enhance the performance and reliability of actuators, their role in modern industrial systems will only become more critical. Collaborative efforts among manufacturers, industry stakeholders, and regulatory bodies will be essential in driving the adoption of advanced actuator solutions and fostering a sustainable and efficient industrial future.

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Actuators Market: Forthcoming Trends and Share Analysis by 2032

Global Actuators Market Size Was Valued at USD 47.12 Billion In 2023 And Is Projected to Reach USD 68.83 Billion By 2032, Growing at a CAGR of 4.3% From 2024 To 2032.

Actuators are machines that transform energy into motion; its main applications are in the control and movement of systems and processes. An external power source—usually electrical electricity, hydraulic fluid pressure, or pneumatic pressure—powers actuators and transforms that power into motion. Actuators are capable of two basic movements: rotation and linear motion. Different types, sizes, and power combinations are available for them based on the intended purposes. Due to widespread use in a number of industries, including material handling, robotics, food and beverage manufacturing, window automation, agricultural machinery, solar panel operation, cutting equipment, valve operation, non-industrial applications, and automotive and mechanical machinery, the actuator market has expanded significantly. The actuators market has seen strong sales over the past ten years due to the increasing demand from these business verticals, as evolution and the requirement for power-hungry machinery and automobiles have increased dramatically.

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Updated Version 2024 is available our Sample Report May Includes the:

Scope For 2024

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Leading players involved in the Actuators Market include:

Honeywell International Inc.

Siemens AG

Emerson Electric Co.

Schneider Electric SE

ABB Ltd.

Rotork plc

Parker Hannifin Corporation

SMC Corporation

Festo AG & Co. KG

Johnson Controls International plc

Belimo Holding AG

Danfoss A/S 

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. 

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Segmentation of Actuators Market:

By Type

Linear Actuator

Rotary Actuator

By System

Electrical

Pneumatic

Hydraulic

Others

By End-Users

Oil & Gas

Pharmaceutical & Healthcare

Automotive

Aerospace & Defense

Marine

Others

An in-depth study of the Actuators industry for the years 2023–2030 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis.

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Key Benefits of Actuators Market Research: 

Research Report covers the Industry drivers, restraints, opportunities and challenges

Competitive landscape & strategies of leading key players

Potential & niche segments and regional analysis exhibiting promising growth covered in the study

Recent industry trends and market developments

Research provides historical, current, and projected market size & share, in terms of value

Market intelligence to enable effective decision making

Growth opportunities and trend analysis

Covid-19 Impact analysis and analysis to Actuators market

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The Actuators Market is projected to grow from USD 67.7 Billion in 2024 to USD 94.8 Billion by 2029, at a CAGR of 7.0%. The international actuators market is propelled by rapid urbanization and industrialization. Expanding investments in additional infrastructure and restoration of existing plants is anticipated to positively impact market growth. Rising population, industrial production, manufacturing companies favoring automation, and necessity to extract natural resources from difficult locations may also drive Actuators Industry growth in the coming years. In recent times, space travel has been revived, and, thus, it has potential to drive the demand for actuators. Numerous industries like automotive, food and beverages, oil & gas, robotics, defense and security, aerospace, and logistics focus on automating their businesses to deliver improved safety, better efficiency, and heightened precision in production and time-efficient services.

[ragini-14]

Actuators Market Size 2024 Research Report by Global Growth Rate, and Development Strategy

The qualitative report Published by Exactitude Consultancy research on the Actuators Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Actuators market report offers the historical data for 2018 to 2023 and also makes available the forecast data from the year 2024 to 2030 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Actuators Market from a Global and Regional perspective.

The global actuators market size is expected to grow at 8.5% CAGR from 2024 to 2030. It is expected to reach above USD 112.74 billion by 2030 from USD 54.1 billion in 2023.

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Actuator Market Growth Analysis by Emerging Trends, Key Manufacturers and Industry Forecast 2033

The actuator market is a vital component of the broader automation industry, playing a critical role in the functioning of various devices and systems across sectors such as automotive, aerospace, healthcare, industrial automation, and consumer electronics. Actuators convert energy into motion, enabling control over mechanical systems and providing precise movements for applications ranging from…

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Variable Compression Ratio Actuator Market Dynamics and Future Outlook 2024 - 2032

The automotive industry is witnessing a transformative shift toward enhanced engine efficiency and performance, with the variable compression ratio (VCR) actuator playing a pivotal role. This technology allows engines to adapt their compression ratio according to driving conditions, leading to improved fuel efficiency and reduced emissions. This article delves into the variable compression ratio actuator market, exploring its significance, current trends, key players, challenges, and future prospects.

Understanding Variable Compression Ratio Actuators

The variable compression ratio actuator market is poised for substantial growth as the automotive industry shifts towards greater efficiency and sustainability. With the ability to enhance fuel economy, reduce emissions, and improve overall engine performance.

What Are Variable Compression Ratio Actuators?

Variable compression ratio actuators are mechanical devices that adjust the compression ratio of an internal combustion engine in real-time. By altering the distance between the piston and the cylinder head, these actuators optimize engine performance based on load conditions, enhancing fuel efficiency and power output.

Functionality and Benefits

Enhanced Fuel Efficiency: By adjusting the compression ratio, engines can achieve optimal combustion, leading to reduced fuel consumption.

Reduced Emissions: Lower fuel consumption translates to fewer emissions, making VCR actuators crucial for meeting stringent environmental regulations.

Improved Performance: VCR technology allows engines to operate efficiently across a wider range of conditions, improving overall vehicle performance.

Adaptability: The ability to switch between different compression ratios enables vehicles to perform better in various driving scenarios.

Market Overview

Current Market Trends

The variable compression ratio actuator market is experiencing notable growth driven by several factors:

Rising Environmental Regulations: Increasing global focus on reducing vehicular emissions is prompting manufacturers to adopt technologies that improve fuel efficiency.

Shift Toward Downsized Engines: The trend of downsizing engines while maintaining power output is leading to greater adoption of VCR technology.

Technological Advancements: Ongoing research and development in actuator technologies are enhancing the performance and reliability of VCR systems.

Regional Analysis

North America: The North American market is driven by stringent emission standards and a growing demand for fuel-efficient vehicles.

Europe: Europe is at the forefront of adopting advanced automotive technologies, making it a significant market for variable compression ratio actuators.

Asia-Pacific: The Asia-Pacific region, particularly countries like China and India, is witnessing rapid growth in vehicle production and increasing investments in engine technologies.

Key Players in the Market

Major Manufacturers

Nissan Motor Corporation: Nissan has been a pioneer in variable compression technology, with its VC-Turbo engine showcasing the capabilities of VCR actuators.

Mazda Motor Corporation: Mazda's innovative Skyactiv technology includes variable compression concepts aimed at enhancing engine efficiency.

Hyundai Motor Company: Hyundai is actively exploring VCR technology as part of its strategy to improve fuel efficiency and reduce emissions.

Toyota Motor Corporation: Toyota continues to invest in hybrid technologies and VCR systems to further its commitment to sustainability.

Competitive Landscape

The competitive landscape of the variable compression ratio actuator market is characterized by significant investments in research and development, collaborations, and strategic partnerships. Manufacturers are focusing on technological innovations to maintain a competitive edge.

Challenges Facing the Market

Technical Complexity

The integration of variable compression ratio actuators into existing engine designs can be complex, requiring significant engineering expertise and testing.

Cost Considerations

The development and manufacturing costs of VCR technology can be high, which may deter some manufacturers from adopting it, particularly in budget-oriented vehicle segments.

Market Acceptance

Consumer awareness of VCR technology is still limited. Education and marketing efforts are necessary to highlight the benefits of variable compression systems.

Future Outlook

Growth Opportunities

The future of the variable compression ratio actuator market appears promising, with several opportunities for expansion:

Emerging Markets: Growing automotive markets in developing countries present opportunities for manufacturers to introduce fuel-efficient technologies.

Integration with Electrification: The combination of VCR technology with hybrid and electric powertrains can lead to enhanced performance and efficiency.

Sustainability Initiatives: As manufacturers focus on sustainability, VCR actuators can play a vital role in meeting environmental goals and regulations.

Conclusion

VCR technology is becoming increasingly relevant in modern automotive design. As manufacturers invest in innovation and navigate challenges, the adoption of variable compression ratio actuators is expected to rise, shaping the future of the automotive landscape.

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Automotive Lighting Actuators Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Automotive Lighting Actuators Market and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Automotive Lighting Actuators Market scenario, and feasibility study are the important aspects analyzed in this report.

The Automotive Lighting Actuators Market is experiencing robust growth driven by the expanding globally. The Automotive Lighting Actuators Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Lighting Actuators Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing.

Favourable trends associated with the automotive industry will drive market growth during the forecast period.

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Key Strategies

Key strategies in the Automotive Lighting Actuators Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Automotive Lighting Actuators Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Automotive Lighting Actuators Market.

Major Automotive Lighting Actuators Market Manufacturers covered in the market report include:

Continental AG (Germany), BOSCH GmbH (Germany), Delphi Technologies (U.K.), Denso Corporation (Japan), HELLA GmbH & Co. KGaA (Germany), Panasonic S.A. (Japan), Valeo S.A. (France), Magneti Marelli S.p.A (Italy), ZF Friedrichshafen AG (Germany), Osram Licht AG (Germany), Stanley Electric Co., Ltd. (Japan), Renesas Electronics Corporation (Japan).

The automotive lighting system actuators are critical in ensuring proper lighting, control, and visibility to the driver. Favourable trends associated with the automotive industry will drive market growth during the forecast period.

Trends Analysis

The Automotive Lighting Actuators Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Automotive Lighting Actuators Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Automotive Lighting Actuators Market Solutions.

Regions Included in this Automotive Lighting Actuators Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Automotive Lighting Actuators Market.

- Changing the Automotive Lighting Actuators Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Automotive Lighting Actuators Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Automotive Lighting Actuators Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Automotive Lighting Actuators Market?

► Who are the prominent players in the Global Automotive Lighting Actuators Market?

► What is the consumer perspective in the Global Automotive Lighting Actuators Market?

► What are the key demand-side and supply-side trends in the Global Automotive Lighting Actuators Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Automotive Lighting Actuators Market?

Table Of Contents:

1 Market Overview

1.1 Automotive Lighting Actuators Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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[amrutmnm]

The Global Actuators Market is experiencing significant expansion, projected to grow from USD 67.7 billion in 2024 to USD 94.8 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. This growth is fueled by rapid urbanization, industrialization, and the increasing demand for automation across diverse industries. Within this thriving market, linear actuators stand out as a key component, playing a pivotal role in enhancing operational efficiency, precision, and safety. In this blog, we’ll explore what linear actuators are, how they function, and how they contribute to the larger actuators market.

The operation of a Linear Actuator Market depends on its specific type, but the fundamental concept involves converting input energy into linear displacement. Here’s a breakdown of the primary types of linear actuators and how they function:

Electric Linear Actuators: These are powered by an electric motor. When the motor runs, it rotates a screw or lead screw, which pushes or pulls a piston, resulting in linear motion.

Hydraulic Linear Actuators: These use hydraulic fluid pressure to drive a piston forward or backward. The pressure applied to the fluid creates movement, making it ideal for heavy-duty applications.

Pneumatic Linear Actuators: These rely on compressed air to create movement. The compressed air enters a cylinder, moving a piston in the desired direction and allowing for rapid, precise linear motion.

Each type of linear actuator offers unique advantages, with electric actuators favored for precise control, hydraulic actuators for heavy loads, and pneumatic actuators for fast movement in lighter applications.

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Automotive Actuator Market Will Touch USD 29.6 Billion in 2030

The automotive actuator market was USD 21.0 billion in 2023, and it will increase to USD 29.6 billion, with a 5.2% compound annual growth rate, by 2030. This is mainly because of automation in vehicles, the shifting demand of customers for control systems, and improvement in features. Such devices alter energy taken from hydraulic, pneumatic, or electric sources and deliver rotary or linear…

[aerospace-and-defence]

The Actuators market is projected to grow from USD 67.7 billion in 2024 to USD 94.8 billion by 2029, at a CAGR of 7.0%. The international actuators market is propelled by rapid urbanization and industrialization. Furthermore, expanding investments in additional infrastructure and restoration of existing plants is anticipated to positively impact market growth. Rising population, industrial production, manufacturing companies favoring automation, and necessity to extract natural resources from difficult locations may also drive actuators market growth in the coming years. In recent times, space travel has been revived, and, thus, it has potential to drive the demand for actuators. Numerous industries like automotive, food and beverages, oil & gas, robotics, defense and security, aerospace, and logistics focus on automating their businesses to deliver improved safety, better efficiency, and heightened precision in production and time-efficient services.

[ragini-14]

Electric Vehicle Actuator Market Insights into the Evolving Forecast by 2030

The qualitative report Published by Exactitude Consultancy research on the Electric Vehicle Actuator Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Electric Vehicle Actuator market report offers the historical data for 2018 to 2023 and also makes available the forecast data from the year 2024 to 2030 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Electric Vehicle Actuator Market from a Global and Regional perspective.

The global Electric Vehicle Actuator Market is expected to grow at 19.35% CAGR from 2024 to 2030. It is expected to reach above USD 153.85 billion by 2030 from USD 44.60 billion in 2023.

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[kadambarimmr123]

The Linear Actuators Market size was valued at USD 51.38 Billion in 2023 and the total Linear Actuators Market revenue is expected to grow at a CAGR of 8.31 % from 2024 to 2030, reaching nearly USD 151.38 Billion.

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Global Electric Cylinders and Slide Actuators Market Report 2023-2028

Electric cylinders are rapidly being implemented in place of pneumatic cylinders in multiple industries due to various advantages such as lower maintenance costs, increased efficiency, and accurate and enhanced motion control, among other benefits, thereby aiding the electric cylinders and slide actuators market growth.

More Information Visit Site: Global Electric Cylinders and Slide Actuators Market