Global Robotics and Automation Actuators Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Robotics and Automation Actuators Market: Overview
"The Robotics and Automation Actuators Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Actuators, or drives, are essential devices that convert energy into physical motion and are a crucial part of robotics and automated systems, as these help control equipment using hydraulics, pneumatics, or electronic signals.
The majority of actuators produce either rotational or linear motion. Actuators are primarily used in the manufacturing of pumps, switches motors, and valves among on-and-off device coupled with controlling pressure as well as regulating flow.
Global Robotics and Automation Actuators Market: Dynamics
Increasing investments in automation across a range of industry verticals and digitalization of production processes are among the key factors estimated to drive growth of the global robotics and automation actuators market.
However, stringent regulations to ensure safety of workers and leak and noise elimination, and reduce power consumption in actuators are factor anticipated to hamper growth of the market. In addition, higher installation costs of robotics and automation actuators is projected to restrain growth of the target market over the next 10 years.
Technological advancements in actuators and rising demand for robots in the manufacturing industry are expected to result in emergence of potential opportunities for manufacturers, which in turn is expected to drive growth of the target market over the long term.
Among the product segments, revenue from the electric actuator segment is anticipated to increase significantly. Electric actuators are used as substitutes for pneumatic and hydraulic actuators, as these allow greater levels of control and have higher efficiency. In addition, rising demand for energy-efficient actuators in various applications is expected to fuel revenue growth of this segment.
Among the type segments, the rotary segment is projected to contribute highest market share in the target market over a long run.
Among the application segments, the process automation segment is projected to dominate and register a highest growth rate in the target market owing to increasing demand for automation across various industries.
Global Robotics and Automation Actuators Market: Region Analysis
The Asia Pacific market is projected to register higher growth rate in the global market. Increasing adoption of automation in automotive industry in countries such as India and China to improve productivity and revenue is expected to augment growth of the target market in the region.
The North America market is anticipated to grow at a constant pace in future, followed by Europe. Increasing demand for robots in medicine, transport, space, automotive, and manufacturing is estimated to support growth of North America robotics and automation actuators market.
Global Robotics and Automation Actuators Market Segmentation:
Segmentation by Actuation:
Segmentation by Type:
Segmentation by Application:
- Process automation
Segmentation by Industry:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Rockwell Automation, Inc.
- Altra Industrial Motion
- SMC Corporation
- Misumi Group Inc.
- DVG Automation
- Harmonic Drive LLC
- Rotomation, Inc.
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