A New Study Provides Fresh Insights Into Key Trends that Will Keep the Actuators Market Moving Into 2027
The global market for Actuators is projected to reach US$70.5 billion by 2025, driven by its vital role in robotics.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Actuators market. Report segmentation includes Type (Linear Actuators, Rotary Actuators); System (Electrical, Hydraulic, Pneumatic, Mechanical, Other Systems).
7 June 5:49 A.M., California/Marketwire/ - According to the new market research report, the global market for Actuators is projected to reach US$70.5 billion by 2025, driven by its vital role in robotics. In response to the need, piezoelectric actuators are growing in popularity and securing attractive R&D investments. There is growing emphasis placed on developing smart actuators based on transducer materials with sensor and actor characteristics. Hydraulic, pneumatic and electrical actuators will find use in robotics for industry, agriculture, drones, medical and education. The global Actuators market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
The market for actuators is expected to register healthy growth, primarily led by increasing focus on the production of automated systems which need actuators. Demand is fueled by factors such as growth in the automotive industry, growing demand for aircraft, as well as technological advancements leading to better performing actuators. Rapid industrialization& urbanization; technological advancements; increasing automation of manufacturing plants; growing investment in renovations of existing infrastructure and also creation of new infrastructure, are also driving growth in the market. Several industries are currently focusing on automatization of their operations for enabling greater efficiency, increased precision and enhanced safety in their production operations.. Rising popularity of smart water management technologies will also provide significant opportunities for growth.
Key Competitors Covered in the Report
Eaton Corporation PLC
Emerson Electric Co.
Festo AG & Co. KG
Honeywell International Inc.
Parker Hannifin Corporation
SMC Corporation of America
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 7379. Among this pool, 1033 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 221 unique participations, a total of 99 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.