Industry Overview
Global Actuators Market size was USD 54.8 billion in 2023. It is anticipated to reach USD 82.5 billion by 2030 with a CAGR value of 8.5% over the forecasting years from 2025 to 2030.
Actuators are key components that convert energy into mechanical movement to enable automation in various industries. These constitute automated systems' muscles, with precise movement and control being their defining features. Uses range from factory robots to flight controls. Strong growth is being witnessed by the market due to increasing Market-wide automation, expansion of smart manufacturing industries, as well as increasing usage by the automotive and aero industries. With higher investment by companies across the globe into digital transformations as well as into industrial automations, superior solutions for actuation would increasingly be demanded. Smart actuator development with integrated sensors as well as with connectivity features is further increasing the market by offering predictive maintenance alongside real-time monitoring capabilities.
Global Actuators Market Report Coverage
|
Report Metric
|
Details
|
|
Historical Period
|
2018 - 2023
|
|
Base Year Considered
|
2024
|
|
Forecast Period
|
2025 - 2030
|
|
Market Size in 2024
|
U.S.D. 54.8 Billion
|
|
Revenue Forecast in 2030
|
U.S.D. 82.5 Billion
|
|
Growth Rate
|
8.5%
|
|
Segments Covered in the Report
|
By Type, By Actuation, By Application and By Vertical
|
|
Report Scope
|
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
|
|
Regions Covered in the Report
|
North America, Europe, Asia Pacific, Rest of the World
|
Global Actuators Market Segmentation
VynZ Research provides a comprehensive analysis of the market by segmenting it into Type, Actuation, Application, Vertical, and Region. It is a comprehensive market landscape with key takeaways.
Insight by Type
The market is divided into Linear and Rotary actuators. Linear actuators dominate the market because they are used in many automation applications where straight-line movement is required. They are essential in manufacturing equipment, packaging machines, and material handling systems. Their simple design and reliable operation make them popular across industries.
Insight by Actuation
- Electric
- Pneumatic
- Hydraulic
Actuators are divided according to their energy source into Electric, Pneumatic and Hydraulic types. Electric actuators increase most rapidly because they have good control accuracy, clean action, and good interfacing with digital systems. These actuators are most commonplace where high accuracy and programmability are relevant, such as electronics assembly and laboratory automation.
Insight by Application
- Valves
- Grippers
- Dampers
- Others
Actuators have various primary applications such as Valves, Grippers, Dampers and Others. Valve actuation is also the biggest segment as there is a high percentage of applications where valves are utilized from oil and gas to water treatment to power generation. Valve position automation enhances efficiency and promotes better safety in such high-end industries.
Insight by Vertical
- Oil and Gas
- Energy
- Automotive
- Aerospace
- Others
Market addresses various Market sectors such as Oil and Gas, Energy, Automotive, Aerospace and Others. The aerospace Market demonstrates maximum growth with rising aircraft production to support reliable actuation systems for commercial as well as defense aircraft. Automotive is also a significant one with automobiles having increasing automated elements.
Global Actuators Market Overview
Global Actuators Market Trends/ Growth Drivers:
The actuators market is expanding significantly because of various key drivers. Most critical among these is the ongoing trend towards Market 4.0 and intelligent manufacturing. Advanced actuators capable of communicating with other machines, providing information regarding their output, and adapting their functioning in real-time is demanded by such transformations. Various factories are replacing their machines with smart actuators that can minimize downtime as well as increase efficiency. Another critical driver is the growth of the electric vehicle market. Electric vehicles require niche actuators to manage their batteries, to regulate their temperature, and to enable various functions for their safety. As more nations aim to promote electric vehicles to curb pollution, their demand is expanding continuously. Another sector supporting market growth is aerospace and defense. Advanced aircraft rely heavily on actuators to support flight controls, landing gear, among other vital systems. With expanding air transport as well as ongoing defense upgrade programs, such a sector demands high-performance and reliable solutions for their actuation.
Global Actuators Market Challenges
High costs related to advanced actuation systems are a major challenge to market development. Small to medium-sized companies cannot afford most advanced systems. More than a purchase price, their cost involves installation costs and maintenance costs. Complexity related to connecting new actuators to installed units is also a challenge. Most factories have old machines that may be incompatible with advanced actuation technology. As a rule, they require additional investments to upgrade and modify. Moreover, access to skilled labor to install and maintain advanced actuation systems is also lacking. Companies need technicians with knowledge regarding mechanical systems as well as digital knowledge, a challenge to access in some regions.
Global Actuators Market Outlook
There are a number of exciting growth prospects available for the market. Integrating artificial intelligence with actuator systems is a key opportunity. In Smart actuators, AI can be utilized to anticipate maintenance requirements so that unexpected breakdowns are alleviated and costs are reduced. There is also a new opportunity available to manufacturers of actuators in renewable energy. Renewable energy plants require actuators to support tracking systems that move to track the position of the sun, and they require blade control using actuators. As nations invest more in renewable energy to power their nations, applications for these uses will increase. New markets available in Asia, Africa, and South America present a high growth opportunity. As these countries industrialize their sectors, they will require more automated systems and actuators. If a presence is gained early in these markets by a company, long-term growth prospects can be realized.
Recent Developments by Key Players
Leading players in the actuators Market are busy innovating new products and increasing their presence.
To help the upcoming generation of industrial production, Siemens and TRUMPF have formed a strategic cooperation. With the goal of streamlining production procedures and assisting manufacturers in better adapting to shifting needs, the partnership combines Siemens' extensive digital manufacturing portfolio with TRUMPF's proficiency in machine tools and laser systems.
Siemens has been improving how its actuators interface with digital factory systems. It enables customers to administer their actuation hardware via the same systems they utilize for factory operations aside from actuation.
Emerson Electric announced a new family of rugged smart electric actuators for challenging industrial applications. The products have integrated analytics and wireless connectivity to enable remote monitoring by factories.
Rotork announced a buyout of a valve automation expert to enhance its presence in the water treatment Market, especially Asia. It enables the company to supply more comprehensive solutions to customers in emerging markets.
Parker Hannifin has introduced new aircraft electromechanical actuators that are smaller and lighter with better efficiency than their predecessors to meet aviation's demand for better fuel efficiency.
Global Actuators Market: Geographic Analysis
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Vietnam
- Thailand
- Malaysia
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
Asia-Pacific is the largest and most rapidly increasing market for actuators. China, India, and Japan invest heavily to support industrial automation and infrastructure development. Strong manufacturing bases and an expanding automotive Market throughout Asia-Pacific support demand for several types of actuators.
North America is also a significant market because it has a highly developed manufacturing Market as well as a large aerospace Market. Major defense contractors and high-end technology firms being present here justify ongoing demand for high-end actuation solutions.
Europe displays consistent growth with support from its substantial automotive Market as well as its emphasis upon industrial automation. Germany and Italy have high-caliber manufacturing bases that demand leading-edge actuation technology.
Global Actuators Market: Key Players
- Emerson Electric Co.
- Siemens AG
- Rotork plc
- SMC Corporation
- Parker Hannifin Corporation
- ABB Ltd.
- Rockwell Automation
- Inc.
- Honeywell International Inc.
- Curtiss-Wright Corporation
- Moog Inc.
Global Actuators Market is a report that also encompasses a comprehensive breakdown analysis of a market with an estimation for years 2025-2030.
