High-performance actuators or high-duty actuators are of two types, linear and rotary. Duty cycle is the ratio of on-time to off-time, usually expressed as a percentage. These actuators provide the best controllability and reliability for programmable motion cycles. High-performance actuators are designed for low to high force, and are capable of performing many cycles during its service life. Such high performing actuators have been employed in various equipment, machinery, and robotics.
MARKET SCOPE
The "Global High performance actuators Market Analysis to 2028" is a specialized and in-depth study of the High performance actuators market with a special focus on the global market trend analysis. The report aims to provide an overview of High performance actuators market with detailed market segmentation by type, application, and geography. The global High performance actuators market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading High performance actuators market players and offers key trends and opportunities in the High performance actuators market.
MARKET SEGMENTATION
- The global high performance actuators market is segmented on the basis of type, and application.
- On the basis of type, the market is divided into rotary, and linear.
- On the basis of application, the market is segmented on the basis of stand by industrial automation, vehicles and equipment, robotics, and others.
MARKET DYNAMICS
Drivers:
- The growth of the global high-performance actuators industry is currently driven by the development of industrial automotive sectors.
- In the industrial sector, robotics and industrial equipment are in high demand, thus requiring wide-scale use of linear and rotary actuators..
- High Initial Cost.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The high performance actuators market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the high performance actuators market in these regions.
IMPACT OF COVID-19 ON HIGH PERFORMANCE ACTUATORS MARKET
COVID-19 had an immediate impact on the worldwide high performance actuators sector due to social distancing norms and a labour shortage. As a result, new projects were cancelled and installations were postponed.
U.S., India, Brazil, China, Russia, France, the UK, Italy, and Spain are some of the major industrially strong countries that were affected severely. COVID-19 has been affecting economies and industries in numerous nations due to lockdown, tour bans, and commercial enterprise shutdowns. This affected industries utilizing high-performance actuators such as industrial automation, robotics, automotive, aerospace, military, and defense. Thus, the demand for actuators was hampered, however, this decline is expected to recover in upcoming months, as government has started relaxing norms around the world for resuming business activities.
MARKET PLAYERS
The report covers key developments in the high performance actuators market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from high performance actuatorsmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for high performance actuators market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the High performance actuators market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Linak
- TiMaOTION Technology Co. Ltd.
- Ewellix
- Ultra Motion
- SKF.
- ABB
- Rockwell Automation
- Altra Industrial Motion
- Moog
- SMC
- Curtis Wright.