Electric Actuators Market Size to Grow by $ 3.96 Billion through 2021-2025

The electric actuators market is expected to grow by $ 3.96 billion, accelerating at a CAGR of almost 5% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Electric Actuators Market: Segmentation by End-user

This report provides a detailed analysis of the market by End-user (Automotive industry, Water and wastewater industry, Marine industry, Aerospace and defense industry, and Others), Type (Linear actuators and Rotary actuators), and Geography (APAC, Europe, North America, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors. Increasing use of electric actuator in industrial robots and automation will facilitate the electric actuators market growth in APAC over the forecast period. 32% of the market growth will originate from APAC during the forecast period with China and Japan being the key markets for electric actuators in the region. 

Electric Actuators Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Curtiss-Wright Corp., Emerson Electric Co., General Electric Co., LINAK AS, Moog Inc., Parker Hannifin Corp., Rotork Plc, Siemens AG, and SMC Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.