Dec 6, 2019   SOURCE: BusinessWire

Global Actuators Market - Industry Trends, Share, Size, Growth, Opportunity and Forecast, 2019-2024 - ResearchAndMarkets.com

The "Actuators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global actuators market is expected to grow at a CAGR of around 7% during 2019-2024.

An actuator is a mechanical component that assists in converting energy into motion and controls machinery equipment and systems. The device usually works on hydraulic and pneumatic forces and can be operated manually, electronically or through a software program. Actuators move in linear and rotary motions. The linear motion converts energy for positioning other equipment and subsequently perform push and pull function. On the other hand, rotary motion provides movement to various ball and butterfly valves. Actuators are most commonly used in the form of electric motors, solenoids, hard drive stepper motors and comb drivers and find extensive applications across various sectors like oil and gas, power generation, chemicals, food & beverages, metals & mining, automotive, aerospace, etc.

Rapid industrialization is one of the key factors driving the growth of the market. Furthermore, technological advancements in the automotive industry, such as the introduction of Advanced Driver Assistance Systems (ADAS) have significantly enhanced the utilization of actuators. The rising trend of automation across various industries is another major growth-inducing factor.

The implementation of the Internet of Things (IoT) has facilitated automation of actuators for enhanced productivity and reduced downtime in the industrial and manufacturing units. They provide high precision and control, along with reduced noise creation and fuel leakages. Moreover, an increasing number of aircraft carriers are being equipped with actuators on each wing to maintain efficient flight at low airspeeds, thereby driving the product demand. Other factors, including product innovations such as the development of actuators with low carbon emissions and extensive research and development (R&D), are also augmenting the growth of the market.

Key Questions Answered in This Report:

  • How has the global actuators market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global actuators industry?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the global actuators industry?
  • What are the key driving factors and challenges in the global actuators industry?
  • What is the structure of the global actuators industry and who are the key players?
  • What is the degree of competition in the global actuators industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Actuators Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Product

5.4 Market Breakup by Type

5.5 Market Breakup by End Use Industry

5.6 Market Breakup by Region

5.7 Market Forecast

6 Market Breakup by Product

6.1 Linear Actuators

6.1.1 Market Trends

6.1.2 Major Types

6.1.2.1 Rod Type

6.1.1.2 Screw Type

6.1.1.3 Belt Type

6.1.3 Market Forecast

6.2 Rotary Actuators

6.2.1 Market Trends

6.2.2 Major Types

6.2.2.1 Motors

6.2.2.2 Bladder and Vane

6.2.2.3 Piston Type

6.2.3 Market Forecast

7 Market Breakup by Type

7.1 Electric

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Pneumatic

7.3 Hydraulic

7.4 Mechanical

7.5 Others

8 Market Breakup by End Use Industry

8.1 Oil and Gas

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Power Generation

8.3 Chemicals

8.4 Food and Beverages

8.5 Metals and Mining

8.6 Automotive

8.7 Aerospace and Defense

8.8 Others

9 Market Breakup by Region

9.1 North America

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Europe

9.3 Asia Pacific

9.4 Middle East and Africa

9.5 Latin America

10 SWOT Analysis

10.1 Overview

10.2 Strengths

10.3 Weaknesses

10.4 Opportunities

10.5 Threats

11 Value Chain Analysis

12 Porter's Five Forces Analysis

12.1 Overview

12.2 Bargaining Power of Buyers

12.3 Bargaining Power of Suppliers

12.4 Degree of Competition

12.5 Threat of New Entrants

12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

14.3.1 Rockwell Automation

14.3.2 Moog Inc

14.3.3 Emersion Electric

14.3.4 ABB

14.3.5 SMC Corporation

14.3.6 IMI PLC

14.3.7 Flowserve

14.3.8 Altra Industrial Motion

14.3.9 Cedrat Technologies

14.3.10 DVG Automation

14.3.11 Festo

14.3.12 MISUMI Group Inc

14.3.13 Harmonic Drive LLC

14.3.14 Kinitics Automation

14.3.15 Venture Mfg. Co

For more information about this report visit https://www.researchandmarkets.com/r/kouvvg