Market Research Future (MRFR) has published a cooked research report on the “Actuators Market” that contains information from 2023 to 2030. The Actuators Market is estimated to register a CAGR of 6.20% during the forecast period of 2022 to 2030 and projected to grow at USD 85.11 by 2030.

MRFR recognizes the following companies as the key players in the Market- Cameron, a Schlumberger company (U.S.), Eaton Corporation plc (Ireland), The Emerson Electric Company (U.S.), Festo AG & Co. KG (Germany), Flowserve Corporation (U.S.),Honeywell International Inc. (U.S.), KITZ Corporation (Japan), Rotork plc. (Japan), SAMSON AG (Germany), SMC Corporation (Japan).

Market Overview

Market Research Future (MRFR) estimates the global actuators market size to grow at 6.20% CAGR and expected to reach approximately USD 85.11 billion by 2030. 

An actuator is equipment that turns energy into motion. It is mostly utilized to exert force on an entity in order to execute various mechanical activities. It is a mechanical device that transfers energy created by compressed air, electricity, or liquid into various types of motion, such as linear and rotary motion. Actuators are typically found in industrial or manufacturing applications, where they are found in devices like switches, motors, valves, and pumps.

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Market Segmentation

The global actuators market has been segmented into type and end-user. 

·       By type, the global actuators market has been segmented into Pneumatic Actuators, Hydraulic Actuators, Electric Actuators, and Mechanical Actuators.

·       By end-user, the global actuators market has been segmented into Automotive, Oil & Gas, Aerospace & Defence, Pharmaceutical, Power, Food & Beverages, Chemicals, Water & Wastewater, and Mining & Metals. 

Key Players

The global actuators market key players are

·       Cameron, a Schlumberger company (U.S.)

·       Eaton Corporation plc (Ireland)

·       The Emerson Electric Company (U.S.)

·       Festo AG & Co. KG (Germany)

·       Flowserve Corporation (U.S.)

·       Honeywell International Inc. (U.S.

·       KITZ Corporation (Japan)

·       Rotork plc. (Japan)

·       SAMSON AG (Germany)

·       SMC Corporation (Japan)

Key Types of Actuators:

·       Electric Actuators: Electric actuators use electrical energy to produce linear or rotary motion. They are known for their precision, control, and ease of integration into automation systems.

·       Pneumatic Actuators: Pneumatic actuators use compressed air to generate mechanical motion, making them suitable for applications requiring rapid and powerful movements.

·       Hydraulic Actuators: Hydraulic actuators use hydraulic fluid to create mechanical motion. They are commonly used in heavy-duty applications requiring high force output.

·       Piezoelectric Actuators: Piezoelectric actuators convert electrical energy into mechanical motion using piezoelectric materials. They are known for their high precision and fast response times.

·       Electroactive Polymers (EAPs): EAPs are a type of smart material that changes shape in response to electrical stimulation. They are used in various applications, including robotics and medical devices.

Industry Updates:

Feb 2020- Rotork has gained an important order for CK modular electric actuators to offer an environmentally friendly and safe solution for the removal of final effluent in Turkey. Almost 100 actuators will run the flow on the Ergene Basin Deep Marine Discharge Project, which will be among one of the best sea discharge lines in Europe, beginning in the city of Tekirdag and serving Istanbul.

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