Electric actuators are known as a device that transforms the rotational motion of an electric motor into linear motion. The electric actuator market is driven by the rising demand for commercial and defense aircraft. Also, the rising use of electric actuators in industrial robots and automation to further boost the growth of the electric actuators market. There has been a significant rise in need for robotics and automation in the industrial sector owing to the ongoing advances in technology, rising labor costs, and intensified competition from low-wage overseas locations. This is increasing the demand for electric actuators, which help to control the speed and position required by each robot which is likely to boost the electric actuator market.
MARKET DYNAMICS
Ongoing technological advancements in actuators and growing investments to carry out process automation in end-use industries of emerging economies is likely to boost the electric actuators market. Also, increasing number of air passengers and new aircraft deliveries is likely to boost the electric actuators market. Need for new and advanced actuators in different verticals and development of smart cities across the globe might provide new opportunities for the electric actuator market.
MARKET SCOPE
The "Global Electric Actuator Market Analysis to 2028" is a specialized and in-depth study of the Electric Actuator market with a special focus on the global market trend analysis. The report aims to provide an overview of Electric Actuator market with detailed market segmentation by product type, and application. The global Electric Actuator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric actuator market players and offers key trends and opportunities in the electric actuator market.
MARKET SEGMENTATION
The global Electric Actuator market is segmented on the basis of product type, and application. On the basis of product type, market is segmented as multi-turn electric actuator, part-turn electric actuator, and linear electric actuator. On the basis of application, market is segmented as power industry, oil and gas industry, chemical industry, general industries, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric actuator market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric actuator market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Electric Actuator market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Electric Actuator market in these regions.
MARKET PLAYERS
The reports cover key developments in the Electric Actuator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electric actuator market are anticipated to lucrative growth opportunities in the future with the rising demand for electric actuator market. Below mentioned is the list of few companies engaged in the electric actuator market.
The report also includes the profiles of key electric actuator market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Rotork
- Parker Hannifin
- ABB Group
- AUMA Riester GmbH and Co. KG
- BERNARD CONTROLS
- DewertOkin
- Emerson Electric Co.
- Flowserve Corporation
- Tefulong (Shanghai) Technologies Co.
- TiMOTION
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