Actuators Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026

September 20 19:42 2022
Actuators Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026
Actuators Market Report and Forecast 2021-2026
Actuators Market to be Driven by the Need to Enhance Productivity in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Actuators Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives an in-depth analysis of the Global Actuators Market, assessing the market based on its segments like actuation, type, application, and region.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report [email protected] https://bityl.co/EYiF

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 48.7 Billion
  • Forecast CAGR (2021-2026): 7.4%
  • Forecast Market Size (2026): USD 74.8 Billion

The healthcare industry is developing and manufacturing new machines that require actuators. They are utilised in medical devices like as wheelchairs, patient lifts, treatment chairs, dental chairs, medical beds, and CT, MRI, and PT scanning equipment.

The expansion of healthcare facilities and the rise in the senior population are driving the worldwide healthcare actuators market. In countries such as the United States, India, and China, the number of hospitals is growing.

Industry Definition and Major Segments

An actuator is a machine component that provides mobility and control over a mechanism or system. Consider the opening of a valve. It necessitates an energy supply as well as a control signal.

Based on their actuation, they can be categorised as:

  • Electrical
  • Hydraulic
  • Pneumatic
  • Others

On the basis of types, the market is segmented into:

  • Linear Actuators
  • Rod Type Linear Actuators
  • Screw Type Linear Actuators
  • Belt Type Linear Actuators
  • Rotary Actuators
  • Motors
  • Bladder and Vane
  • Piston Type

By application, the industry is bifurcated into:

  • Industrial Automation
  • Robotics
  • Vehicles and Equipment
  • Others

On the basis of region, the market is segmented into:

  • North America
  • Europe
  • Asia
  • Latin America
  • Middle East and Africa

Explore the full report with the table of [email protected] https://bityl.co/EYhx

Market Trends

Some of the reasons influencing the actuators market growth include the development of innovative and cost-effective actuators, as well as the increased need for robotics and process automation in various industrial segments. The linear category is predicted to expand at the fastest CAGR throughout the projection period.

Automation is where linear actuators are most employed. They are employed in a variety of sectors where precise positioning is necessary. Actuator demand has increased dramatically, and this trend is projected to continue during the forecast period.

Key Market Players

The major players in the market are Rockwell Automation Inc., Moog Inc., SMC Corporation, Curtis Wright, IMI PLC, Altra Industrial Motion, Tolomatic, Venture Mfg. Co.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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