Global Actuator Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global actuator market in its upcoming report titled, “Global Actuator Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global actuator market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global actuator market report has been segmented on the basis of type, systems, applications, and region.

An actuator is a mechanism that converts energy into motion, with the help of simple machine such as wheel and axle, screw, and lever or wedge. Actuators are widely used in manufacturing of motors, pumps, switches, and valves for on and off control, to control pressure, and to regulate flow.

Increasing demand from automobile and energy generation sector is a major factor driving growth of the global actuator market. In addition, increasing investment for process automation and rising demand for actuator from healthcare, packaging, food processing, etc. are some additional factors expected to support growth of the global actuator market.

However, early wear and tear of actuator is expected to challenge growth of the global actuator market for a certain extent. Technological advancements such as development of actuator which have high accuracy and long life of product is expected to create new opportunities for major players operating in the market over the forecast period.

North America market is expected to dominate in the global actuator market with higher revenue share as compared to other regional markets, owing to increasing automation in food and processing sector, where actuators are used for food press, deboner, and others. In addition, well developed healthcare sector, where actuator is used for various purposes such as patient handling, personal mobility, etc., and presence of several prominent players operating in this region. Europe market accounts for second-largest revenue share in the global actuator market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue. This can be attributed to rapid industrialization and presence of major automotive players in emerging economies in this region.

Global Actuator Market Segmentation:

By Type:

• Linear Actuators
• Rotary Actuators

By System:

• Electrical
• Pneumatic
• Hydraulic
• Mechanical

By Application:

• End Use Application
• Industrial Application

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa