Actuators Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Actuators Market: By Valve Type (Axial Valve, Ball Valve, Bottom Drain Ball Valve, Butterfly Valve, Check Valve, Diaphragm Valve, Gate Valve, Globe Valve, Plug Valve, Rotary Plug Valve), By Actuation (Electrical, Pneumatic, Piezoelectric, Others (Shape Memory Alloys, Thermal, Hybrid, Magnetic) By Type (Linear, Rotary), By Application (Industrial Automation, Robotics, Vehicles and Equipment), By Vertical (Food & Beverages, Oil & Gas, Metals, Mining, & Machinery, Power Generation, Chemicals, Paper, and Plastics, Pharmaceutical & Healthcare, Automotive, Aerospace & Defense, Others) and Geography

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Report

Description

Actuators Market size is valued at USD 54,200.2 million in 2021 and is expected to reach a value of USD 95,91.7 million by 2028, growing at a CAGR of 8.5% during the forecast period 2022 to 2028. The global market provides a detailed overview of the actuators market and that can be segmented by valve type, actuation, type, application, and vertical. By valve type, the actuators market has been segmented into axial valve, ball valve, bottom drain ball valve, butterfly valve, check valve, diaphragm valve, gate valve, globe valve, plug valve, and rotary plug valve. The ball valve segment is likely to be the largest and fastest-growing segment in terms of valve type. Based on actuation, the actuators market is segmented into electrical, pneumatic, piezoelectric, others (shape memory alloys, thermal, hybrid and magnetic. Among these, the electrical segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on type, the actuators market is segmented into linear and rotatory. The linear segment accounts for the largest share in 2021. The rotatory segment has the second-largest share during the forecast period 2021-2028. Based on application, the market is segregated into industrial automation, robotics, vehicles and equipment. Industrial automation accounted largest market share during the estimated period. On the basis of vertical, the market is segmented into food & beverages, oil & gas, metals, mining, & machinery, power generation, chemicals, paper, and plastics, pharmaceutical & healthcare, automotive, aerospace & defense and others. Food & beverages segment is likely to be the fastest-growing segment in the market.

Key Developments:

In Feb 2020, the ASCO Series 158 Gas Valve and Series 159 Motorized Actuator were introduced by Emerson. The new devices, which are designed exclusively for burner-boiler applications, provide OEMs, distributors, contractors, and end-users with a new combustion safety shut-off valve option that improves both flow and control while increasing safety and dependability.

Actuators Market

MARKET SUMMARY
-
8.5% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 8.5%
  • Largest Market– North America
  • Fastest Growing Market–  Asia-Pacific

Actuators Market Analysis

  • Actuators Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Actuators Market is segmented based on by valve type, actuation, type, application, vertical and geography.
Market Leaders
  • ABB
  • Rockwell Automation
  • Altra Industrial Motion
  • Moog, Inc.
  • Rotork

Actuators Market Drivers

Actuators are employed in a wide range of aircraft applications, including landing gear, flight controls, seats, and doors. As a result, demand will rise in the coming years as new airplanes are produced. Because of the increase in air passenger volume, airliners will need to expand their aircraft fleet. This demand has resulted in a rise in commercial aircraft deliveries, which is expected to drive market growth.


North America dominates the market

Actuators Market Regional Analysis

North American market is expected to witness the highest market share during the forecast period due to the growing demand for process automation in aerospace and defense applications. Asia Pacific is likely to be the fastest-growing region in the market owing to the region's rapid industrialization and urbanization.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The actuators market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The actuators market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The actuators market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The actuators market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The actuators market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Actuators Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Global Actuators Market Introduction
2.1. Global Actuators Market – Taxonomy
2.2. Global Actuators Market –Definitions
2.2.1. By Valve Type
2.2.2. By Actuation
2.2.3. By Type
2.2.4. By Application
2.2.5. By Vertical
2.2.6. By Region
3. Global Actuators Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Actuators Market Dynamic Factors – Impact Analysis
3.6. Global Actuators Market – Competition Landscape
4. Global Actuators Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Actuators Market, By Valve Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Axial Valve
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Ball Valve
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Bottom Drain Ball Valve
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Butterfly Valve
5.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Check Valve
5.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. Diaphragm Valve
5.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
5.7. Gate Valve
5.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.7.3. Market Opportunity Analysis
5.8. Globe Valve
5.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.8.3. Market Opportunity Analysis
5.9. Plug Valve
5.9.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.9.3. Market Opportunity Analysis
5.10. Rotary Plug Valve
5.10.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.10.3. Market Opportunity Analysis
6. Global Actuators Market, By Actuation, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Electrical
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Pneumatic
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Piezoelectric
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others (Shape Memory Alloys, Thermal, Hybrid, Magnetic)
6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Actuators Market, By Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Linear
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Rotary
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Actuators Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Industrial Automation
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Robotics
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Vehicles and Equipment
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Global Actuators Market, By Vertical, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. Food & Beverages
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Oil & Gas
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Metals, Mining, & Machinery
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Power Generation
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Chemicals, Paper, and Plastics
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Pharmaceutical & Healthcare
9.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.6.3. Market Opportunity Analysis
9.7. Automotive
9.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.7.3. Market Opportunity Analysis
9.8. Aerospace & Defense
9.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.8.3. Market Opportunity Analysis
9.9. Others
9.9.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.9.3. Market Opportunity Analysis
10. Global Actuators Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. North America
10.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.1.3. Market Opportunity Analysis
10.2. Europe
10.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.2.3. Market Opportunity Analysis
10.3. Asia-Pacific
10.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.3.3. Market Opportunity Analysis
10.4. Latin America
10.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.4.3. Market Opportunity Analysis
10.5. Middle East and Africa
10.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.5.3. Market Opportunity Analysis
10.6. Global Actuators Market – Opportunity Analysis Index, By Valve Type, Actuation, Type, Application, and Region, 2022-2028
11. North America Actuators Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Valve Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Axial Valve
11.1.2. Ball Valve
11.1.3. Bottom Drain Ball Valve
11.1.4. Butterfly Valve
11.1.5. Check Valve
11.1.6. Diaphragm Valve
11.1.7. Gate Valve
11.1.8. Globe Valve
11.1.9. Plug Valve
11.1.10. Rotary Plug Valve
11.2. Actuation Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Electrical
11.2.2. Pneumatic
11.2.3. Piezoelectric
11.2.4. Others (Shape Memory Alloys, Thermal, Hybrid, Magnetic)
11.3. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Linear
11.3.2. Rotary
11.4. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Industrial Automation
11.4.2. Robotics
11.4.3. Vehicles and Equipment
11.5. Vertical Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.5.1. Food & Beverages
11.5.2. Oil & Gas
11.5.3. Metals, Mining, & Machinery
11.5.4. Power Generation
11.5.5. Chemicals, Paper, and Plastics
11.5.6. Pharmaceutical & Healthcare
11.5.7. Automotive
11.5.8. Aerospace & Defense
11.5.9. Others
11.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.6.1. USA
11.6.2. Canada
11.7. North America Actuators Market – Opportunity Analysis Index, By Valve Type, Actuation, Type, Application, and Country, 2022-2028
11.8. North America Actuators Market Dynamics – Trends
12. Europe Actuators Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Valve Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Axial Valve
12.1.2. Ball Valve
12.1.3. Bottom Drain Ball Valve
12.1.4. Butterfly Valve
12.1.5. Check Valve
12.1.6. Diaphragm Valve
12.1.7. Gate Valve
12.1.8. Globe Valve
12.1.9. Plug Valve
12.1.10. Rotary Plug Valve
12.2. Actuation Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Electrical
12.2.2. Pneumatic
12.2.3. Piezoelectric
12.2.4. Others (Shape Memory Alloys, Thermal, Hybrid, Magnetic)
12.3. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Linear
12.3.2. Rotary
12.4. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Industrial Automation
12.4.2. Robotics
12.4.3. Vehicles and Equipment
12.5. Vertical Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.5.1. Food & Beverages
12.5.2. Oil & Gas
12.5.3. Metals, Mining, & Machinery
12.5.4. Power Generation
12.5.5. Chemicals, Paper, and Plastics
12.5.6. Pharmaceutical & Healthcare
12.5.7. Automotive
12.5.8. Aerospace & Defense
12.5.9. Others
12.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Germany
12.6.2. UK
12.6.3. France
12.6.4. Spain
12.6.5. Italy
12.6.6. Russia
12.6.7. Rest of Europe
12.7. Europe Actuators Market – Opportunity Analysis Index, By Valve Type, Actuation, Type, Application, and Country, 2022-2028
12.8. Europe Actuators Market Dynamics – Trends
13. Asia-Pacific Actuators Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Valve Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Axial Valve
13.1.2. Ball Valve
13.1.3. Bottom Drain Ball Valve
13.1.4. Butterfly Valve
13.1.5. Check Valve
13.1.6. Diaphragm Valve
13.1.7. Gate Valve
13.1.8. Globe Valve
13.1.9. Plug Valve
13.1.10. Rotary Plug Valve
13.2. Actuation Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Electrical
13.2.2. Pneumatic
13.2.3. Piezoelectric
13.2.4. Others (Shape Memory Alloys, Thermal, Hybrid, Magnetic)
13.3. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Linear
13.3.2. Rotary
13.4. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Industrial Automation
13.4.2. Robotics
13.4.3. Vehicles and Equipment
13.5. Vertical Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.5.1. Food & Beverages
13.5.2. Oil & Gas
13.5.3. Metals, Mining, & Machinery
13.5.4. Power Generation
13.5.5. Chemicals, Paper, and Plastics
13.5.6. Pharmaceutical & Healthcare
13.5.7. Automotive
13.5.8. Aerospace & Defense
13.5.9. Others
13.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.6.1. China
13.6.2. India
13.6.3. Japan
13.6.4. ASEAN
13.6.5. Australia & New Zealand
13.6.6. Rest of Asia-Pacific
13.7. Asia-Pacific Actuators Market – Opportunity Analysis Index, By Valve Type, Actuation, Type, Application, and Country, 2022-2028
13.8. Asia-Pacific Actuators Market Dynamics – Trends
14. Latin America Actuators Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Valve Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Axial Valve
14.1.2. Ball Valve
14.1.3. Bottom Drain Ball Valve
14.1.4. Butterfly Valve
14.1.5. Check Valve
14.1.6. Diaphragm Valve
14.1.7. Gate Valve
14.1.8. Globe Valve
14.1.9. Plug Valve
14.1.10. Rotary Plug Valve
14.2. Actuation Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Electrical
14.2.2. Pneumatic
14.2.3. Piezoelectric
14.2.4. Others (Shape Memory Alloys, Thermal, Hybrid, Magnetic)
14.3. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Linear
14.3.2. Rotary
14.4. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Industrial Automation
14.4.2. Robotics
14.4.3. Vehicles and Equipment
14.5. Vertical Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.5.1. Food & Beverages
14.5.2. Oil & Gas
14.5.3. Metals, Mining, & Machinery
14.5.4. Power Generation
14.5.5. Chemicals, Paper, and Plastics
14.5.6. Pharmaceutical & Healthcare
14.5.7. Automotive
14.5.8. Aerospace & Defense
14.5.9. Others
14.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.6.1. Brazil
14.6.2. Mexico
14.6.3. Rest of Latin America
14.7. Latin America Actuators Market – Opportunity Analysis Index, By Valve Type, Actuation, Type, Application, and Country, 2022-2028
14.8. Latin America Actuators Market Dynamics – Trends
15. Middle East and Africa Actuators Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
15.1. Valve Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.1.1. Axial Valve
15.1.2. Ball Valve
15.1.3. Bottom Drain Ball Valve
15.1.4. Butterfly Valve
15.1.5. Check Valve
15.1.6. Diaphragm Valve
15.1.7. Gate Valve
15.1.8. Globe Valve
15.1.9. Plug Valve
15.1.10. Rotary Plug Valve
15.2. Actuation Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.2.1. Electrical
15.2.2. Pneumatic
15.2.3. Piezoelectric
15.2.4. Others (Shape Memory Alloys, Thermal, Hybrid, Magnetic)
15.3. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.3.1. Linear
15.3.2. Rotary
15.4. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.4.1. Industrial Automation
15.4.2. Robotics
15.4.3. Vehicles and Equipment
15.5. Vertical Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.5.1. Food & Beverages
15.5.2. Oil & Gas
15.5.3. Metals, Mining, & Machinery
15.5.4. Power Generation
15.5.5. Chemicals, Paper, and Plastics
15.5.6. Pharmaceutical & Healthcare
15.5.7. Automotive
15.5.8. Aerospace & Defense
15.5.9. Others
15.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
15.6.1. Gulf Cooperation Council (GCC) Countries
15.6.2. South Africa
15.6.3. Rest of MEA
15.7. MEA Actuators Market – Opportunity Analysis Index, By Valve Type, Actuation, Type, Application, and Country, 2022-2028
15.8. MEA Actuators Market Dynamics – Trends
16. Competition Landscape 
16.1. Strategic Dashboard of Top Market Players
16.2. Company Profiles (Introduction, Financial Analysis, Key Valve Types, Key Developments, Strategies, and SWOT Analysis)
16.2.1. ABB
16.2.2. Rockwell Automation
16.2.3. Altra Industrial Motion
16.2.4. Moog, Inc.
16.2.5. Rotork
16.2.6. KEMET Corporation
16.2.7. Dover Chemical Corporation
16.2.8. MISUMI
16.2.9. Honeywell
16.2.10. Curtiss Wright
16.2.11. Emerson
16.2.12. SMC
16.2.13. Eaton
17. Research Methodology
18. Key Assumptions and Acronyms

Report

Company Profile

  • ABB
  • Rockwell Automation
  • Altra Industrial Motion
  • Moog, Inc.
  • Rotork
  • KEMET Corporation
  • Dover Chemical Corporation
  • MISUMI
  • Honeywell
  • Curtiss Wright
  • Emerson
  • SMC
  • Eaton

Description

Actuators Market size is valued at USD 54,200.2 million in 2021 and is expected to reach a value of USD 95,91.7 million by 2028, growing at a CAGR of 8.5% during the forecast period 2022 to 2028. The global market provides a detailed overview of the actuators market and that can be segmented by valve type, actuation, type, application, and vertical. By valve type, the actuators market has been segmented into axial valve, ball valve, bottom drain ball valve, butterfly valve, check valve, diaphragm valve, gate valve, globe valve, plug valve, and rotary plug valve. The ball valve segment is likely to be the largest and fastest-growing segment in terms of valve type. Based on actuation, the actuators market is segmented into electrical, pneumatic, piezoelectric, others (shape memory alloys, thermal, hybrid and magnetic. Among these, the electrical segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on type, the actuators market is segmented into linear and rotatory. The linear segment accounts for the largest share in 2021. The rotatory segment has the second-largest share during the forecast period 2021-2028. Based on application, the market is segregated into industrial automation, robotics, vehicles and equipment. Industrial automation accounted largest market share during the estimated period. On the basis of vertical, the market is segmented into food & beverages, oil & gas, metals, mining, & machinery, power generation, chemicals, paper, and plastics, pharmaceutical & healthcare, automotive, aerospace & defense and others. Food & beverages segment is likely to be the fastest-growing segment in the market.

Key Developments:

In Feb 2020, the ASCO Series 158 Gas Valve and Series 159 Motorized Actuator were introduced by Emerson. The new devices, which are designed exclusively for burner-boiler applications, provide OEMs, distributors, contractors, and end-users with a new combustion safety shut-off valve option that improves both flow and control while increasing safety and dependability.

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