Actuators Market Research Report - Forecast to 2025

Actuators Market Research Report - Forecast to 2025

ID: MRFR/IA - E/4350-CRR | April, 2018 | Region: Global | 102 pages | Cooked Research Reports

Global Actuators Market by Type (Pneumatic Actuators, Hydraulic Actuators, Electric Actuators and Mechanical Actuators), By End-User (Automotive, Oil & Gas, Aerospace & Defence, Pharmaceutical, Power, Food & Beverages, Chemicals, Water & Wastewater and Mining & Metals) by Region (Americas, Europe, Asia Pacific and Middle East & Africa) - Global Forecast to 2025.


Market Scenario


An actuator is an equipment, which converts energy into motion. It is basically used to apply a force on an entity to perform various mechanical operations. It is characteristically a mechanical device that takes energy, created by compressed air, electricity or liquid and converts it into various kind of motion, such as linear and rotary. Actuators usually are used in industrial or manufacturing applications and are used in devices such as switches, motor, valves and pumps.


The actuators market is majorly driven by the factors such as a rise in the number of aircraft carriers, continuous growth in the global automotive industry, and technological advancements in actuators is propelling the market growth. Also, the growing industrial base in Asia Pacific region has a positive influence on the growth of the market. The actuators market may witness hindrances in growth due to costing of the actuators. Also, power consumption, noise, and leaks are the major challenges faced by the actuators in current market.


Hydraulic, pneumatic, and electric actuators are called “conventional” because the majority of robotic and automated mechanical systems use them. The wide application of conventional actuators across major end-use sector is creating a scope for innovation through constructive research & development program undertaken by major players in the industry. Lately, developments in material technology have presented lightweight and strong substances, making it conceivable to shape mechanically strong articulated mechanisms which are robust and weigh very less. Current advances in information technology, nanotechnology, and biotechnology will necessitate the expansion of shrunken, novel devices and gadgets that need to apply extensive forces. The identical demand for innovative actuators occurs in conventional industries such as military, entertainment, medicine, and manufacturing, where there is an cumulative need for manufacturing small-size and lightweight devices competent to apply large forces, generate high speeds, attain large displacements, and be extremely energy efficient. In all these applications, mission requirements are fetching drastically more stringent in terms of mass, dimensions, power, and cost. Improvements in actuator robustness and reliability associated with power efficiency and compact packaging can lead to effective devices that are significantly more capable and reliable at a lower cost.


The global actuators market is anticipated to grow at 5.23% CAGR during the forecast period. In 2016, the market was led by Americas, with a 33.84% share, followed by Asia Pacific and Europe with shares of 28.45% and 23.37%, respectively. The actuators market has been segmented based on type, application and region. On the basis of type, the market has been segmented as Pneumatic, Electric, Hydraulic, Mechanical, and others. Electric segment accounted for the largest market share of 32.20% in 2016, with a market value of USD 4,355.2 million and is projected to grow at the highest CAGR of 5.61% during the forecast period.   Electric actuators are more cost-effective than the others. Electric actuators benefit from cleaner, simpler, and more energy-efficient power transmission. Based on application, automotive segment accounted for the largest market share of 18.13% in 2016, with a market value of USD 2,452.1 million and is projected to grow at the highest CAGR of 6.11% during the forecast period. The increasing demand from the upper middle class for automotive vehicles is driving the actuators market in the Asia-Pacific region. The growing automotive vehicles market has increased the demand for actuators as the latter is an essential component used in vehicles.


Market Segmentation


 actuators market


Global Analysis


The global actuators market is segmented into the prominent regions of Americas, Europe, Asia Pacific and Middle East & Africa. Asia Pacific region have the huge potential for the actuators market. The region is also expected to drive global IoT growth over the next 5 years. IoT has been an area of focus in emerging economies, such as India and China. This includes the establishment of smart cities, IoT-specific centers of excellence, which simultaneously are expected to propel the demand for actuators. The Asia Pacific actuators market is also projected to grow at the highest CAGR OF 5.93% during the forecast period. Americas is one of the major regions for the actuators. America’s actuators market holds an enormous potential of growth in the near future. Increasing investments across life sciences, automotive, food processing and packaging segments to revive growth. Hence, America’s actuators market is expected to grow at a CAGR of 5.21%. Europe is one of the major region for electric two-wheeler and has achieved an ample scope due to the presence of profitable countries such as Germany, U.K, and Norway. Additionally, the region is the hub of major are automobile manufacturers such as Audi, BMW, and Volvo among others. This also has the positive influence on the growth of the market. According to ITA Pharmaceuticals Top Markets Report, 2016, countries such as Belgium, Switzerland, United Kingdom, Germany, and Austria are expected to rank as one the leading pharmaceutical exporter in 2016-2017.


Key Players


The key players of global actuators market 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), and SMC Corporation (Japan).

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TABLE OF CONTENTS

2.1 Definition 15

2.2 Scope of the Study 15

2.3 List of Assumptions 15

2.4 Market Structure 16

3.1 Research Process 18

3.2 Primary Research 18

3.3 Secondary Research 18

3.4 Market Size Estimation 19

3.5 Forecast Model 19

4.1 Introduction 21

4.2 Drivers 22

4.2.1 Technological Advancements in Actuators 22

4.2.2 Rise in the Number of Aircraft Carriages 23

4.2.3 Continuous Growth in Global Automotive Industry 24

4.3 Restraint 25

4.3.1 Costing of actuators 25

4.4 Opportunity 26

4.4.1 Growing industrial base in Asia Pacific 26

4.5 Challenge 27

4.5.1 Power Consumption, Noise, and Leak Issues 27

5.1 Porter’s Five Forces Analysis 29

5.1.1 Threat of New Entrants 29

5.1.2 Bargaining Power of Suppliers 29

5.1.3 Threat of Substitutes 29

5.1.4 Bargaining Power of Buyers 29

5.1.5 Segment Rivalry 30

5.2 Supply Chain Analysis 30

6.1 Introduction 33

6.1.1 Pneumatic Actuators 33

6.1.2 Hydraulic Actuators 33

6.1.3 Electric Actuators 33

6.1.4 Mechanical Actuators 33

7.1 Introduction 36

7.1.1 Automotive 36

7.1.2 Oil & Gas 36

7.1.3 Aerospace & Defence 37

7.1.4 Pharmaceutical 37

7.1.5 Power 37

7.1.6 Food & Beverages 37

7.1.7 Chemicals 37

7.1.8 Water & Wastewater 37

7.1.9 Mining & Metals 38

8.1 Introduction 41

8.2 Americas 43

8.2.1 U.S. 46

8.2.2 Canada 47

8.2.3 Brazil 48

8.2.4 Rest of Americas 49

8.3 Europe 51

8.3.1 Germany 55

8.3.2 U.K. 56

8.3.3 France 57

8.3.4 Russia 58

8.3.5 Rest of Europe 59

8.4 Asia Pacific 60

8.4.1 China 64

8.4.2 India 65

8.4.3 Japan 66

8.4.4 Rest of Asia Pacific 67

8.5 Middle East & Africa 68

8.5.1 Africa 71

8.5.2 Middle East 72

9.1 Competitive Scenario 75

9.2 Global Market Share Analysis 76

10.1 Honeywell International Inc. 79

10.1.1 Company Overview 79

10.1.2 Financials 79

10.1.3 Products 79

10.1.4 Strategy 79

10.1.5 Key Developments 79

10.1.6 Swot Analysis 79

10.2 Flowserve Corporation 82

10.2.1 Company Overview 82

10.2.2 Financials 82

10.2.3 Products 82

10.2.4 Strategy 82

10.2.5 Key Developments 82

10.2.6 Swot Analysis 82

10.3 The Emerson Electric Company 85

10.3.1 Company Overview 85

10.3.2 Financials 85

10.3.3 Products 85

10.3.4 Strategy 85

10.3.5 Key Developments 85

10.3.6 Swot Analysis 85

10.4 SAMSON AG 89

10.4.1 Company Overview 89

10.4.2 Financials 89

10.4.3 Products 89

10.4.4 Strategy 89

10.4.5 Key Developments 89

10.4.6 Swot Analysis 89

10.5 Rotork plc 92

10.5.1 Company Overview 92

10.5.2 Financials 92

10.5.3 Products 92

10.5.4 Strategy 92

10.5.5 Key Developments 92

10.5.6 Swot Analysis 92

10.6 Cameron, A Schlumberger Company 95

10.6.1 Company Overview 95

10.6.2 Financials 95

10.6.3 Products 95

10.6.4 Strategy 95

10.6.5 Key Developments 95

10.7 Eaton Corporation plc 98

10.7.1 Company Overview 98

10.7.2 Financials 98

10.7.3 Products 98

10.7.4 Strategy 98

10.7.5 Key Developments 98

10.8 Festo AG & Co. KG 99

10.8.1 Company Overview 99

10.8.2 Financials 99

10.8.3 Products 99

10.8.4 Strategy 99

10.8.5 Key Developments 99

10.9 KITZ Corporation 100

10.9.1 Company Overview 100

10.9.2 Financials 100

10.9.3 Products 100

10.9.4 Strategy 100

10.9.5 Key Developments 100


10.10 SMC Corporation 101

10.10.1 Company Overview 101

10.10.2 Financials 101

10.10.3 Products 101

10.10.4 Strategy 101

10.10.5 Key Developments 101

TABLE 1 MARKET SYNOPSIS 13

TABLE 2 LIST OF ASSUMPTIONS 15

TABLE 3 GLOBAL ACTUATORS MARKET, BY TYPE, 2017-2023 (USD MILLION) 34

TABLE 4 GLOBAL ACTUATORS MARKET, BY END-USER, 2017-2023 (USD MILLION) 39

TABLE 5 GLOBAL ACTUATORS MARKET VALUE ANALYSIS, BY REGION, 2017-2023 (USD MILLION) 42

TABLE 6 AMERICAS: ACTUATORS MARKET VALUE ANALYSIS, BY REGION, 2017-2023 (USD MILLION) 45

TABLE 7 AMERICAS: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 45

TABLE 8 AMERICAS: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 46

TABLE 9 U.S.: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 46

TABLE 10 U.S.: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 47

TABLE 11 CANADA: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 47

TABLE 12 CANADA: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 48

TABLE 13 BRAZIL: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 48

TABLE 14 BRAZIL: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 49

TABLE 15 REST OF AMERICAS: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 49

TABLE 16 REST OF AMERICAS: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 50

TABLE 17 EUROPE: ACTUATORS MARKET VALUE ANALYSIS, BY REGION, 2017-2023 (USD MILLION) 53

TABLE 18 EUROPE: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 54

TABLE 19 EUROPE: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 54

TABLE 20 SPAIN: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 55

TABLE 21 SPAIN: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 55

TABLE 22 U.K.: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 56

TABLE 23 U.K.: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 56

TABLE 24 FRANCE: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 57

TABLE 25 FRANCE: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 57

TABLE 26 RUSSIA: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 58

TABLE 27 RUSSIA: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 58

TABLE 28 REST OF EUROPE: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2017-2023 (USD MILLION) 59

TABLE 29 REST OF EUROPE: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2017-2023 (USD MILLION) 59

TABLE 30 ASIA PACIFIC: ACTUATORS MARKET VALUE ANALYSIS, BY REGION, 2014-2023 (USD MILLION) 62

TABLE 31 ASIA PACIFIC: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2014-2023 (USD MILLION) 63

TABLE 32 ASIA PACIFIC: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2014-2023 (USD MILLION) 63

TABLE 33 CHINA: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2014-2023 (USD MILLION) 64

TABLE 34 CHINA: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2014-2023 (USD MILLION) 64

TABLE 35 INDIA: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2014-2023 (USD MILLION) 65

TABLE 36 INDIA: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2014-2023 (USD MILLION) 65

TABLE 37 JAPAN: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2014-2023 (USD MILLION) 66

TABLE 38 JAPAN: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2014-2023 (USD MILLION) 66

TABLE 39 REST OF ASIA PACIFIC: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2014-2023 (USD MILLION) 67

TABLE 40 REST OF ASIA PACIFIC: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2014-2023 (USD MILLION) 67

TABLE 41 MIDDLE EAST & AFRICA: ACTUATORS MARKET VALUE ANALYSIS, BY REGION, 2014-2023 (USD MILLION) 70

TABLE 42 MIDDLE EAST & AFRICA: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2014-2023 (USD MILLION) 70

TABLE 43 MIDDLE EAST & AFRICA: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2014-2023 (USD MILLION) 71

TABLE 44 AFRICA: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2014-2023 (USD MILLION) 71

TABLE 45 AFRICA: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2014-2023 (USD MILLION) 72

TABLE 46 MIDDLE EAST: ACTUATORS MARKET VALUE ANALYSIS, BY TYPE, 2014-2023 (USD MILLION) 72

TABLE 47 MIDDLE EAST: ACTUATORS MARKET VALUE ANALYSIS, BY END-USER, 2014-2023 (USD MILLION) 73

TABLE 48 HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO 80

TABLE 49 FLOWSERVE CORPORATION: PRODUCT PORTFOLIO 83

TABLE 51 THE EMERSON ELECTRIC COMPANY: PRODUCT PORTFOLIO 86

TABLE 52 SAMSON AG: PRODUCT PORTFOLIO 90

TABLE 53 ROTORK PLC: PRODUCT PORTFOLIO 93

TABLE 55 CAMERON, A SCHLUMBERGER COMPANY: PRODUCT PORTFOLIO 96



FIGURE 1 GLOBAL ACTUATORS MARKET: MARKET STRUCTURE 16

FIGURE 2 RESEARCH PROCESS OF MRFR 18

FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 19

FIGURE 4 DROC ANALYSIS: GLOBAL ACTUATORS MARKET 21

FIGURE 5 PORTER'S 5 FORCES ANALYSIS OF GLOBAL ACTUATORS MARKET 29

FIGURE 6 SUPPLY CHAIN ANALYSIS: ACTUATORS MARKET 30

FIGURE 7 GLOBAL ACTUATORS MAREKET, BY TYPE, 2016 (IN %) 34

FIGURE 8 GLOBAL ACTUATORS MARKET, BY END-USER, 2016 (IN %) 38

FIGURE 9 GLOBAL ACTUATORS MARKET SHARE, BY REGION, 2016 (IN %) 41

FIGURE 10 GLOBAL ACTUATORS MARKET, BY REGION, 2017-2023 41

FIGURE 11 AMERICAS ACTUATORS MARKET PESTLE ANALYSIS 44

FIGURE 12 AMERICAS: ACTUATORS MARKET SHARE, BY REGION, 2016 (IN %) 45

FIGURE 13 EUROPE ACTUATORS MARKET PESTL ANALYSIS, BY COUNTRY 52

FIGURE 14 EUROPE: ACTUATORS MARKET SHARE, BY REGION, 2016 (IN %) 53

FIGURE 15 ASIA PACIFIC ACTUATORS MARKET PESTL ANALYSIS, BY COUNTRY 61

FIGURE 16 ASIA PACIFIC: ACTUATORS MARKET SHARE, BY REGION, 2016 (IN %) 62

FIGURE 17 MIDDLE EAST & AFRICA ACTUATORS MARKET PESTL ANALYSIS, BY COUNTRY 69

FIGURE 18 MIDDLE EAST & AFRICA: ACTUATORS MARKET SHARE, BY REGION, 2016 (IN %) 70

FIGURE 19 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL ACTUATORS MARKET, 2014-2017, (% SHARE) 75

FIGURE 20 GLOBAL ACTUATORS MARKET SHARE ANALYSIS 76

FIGURE 21 GLOBAL ACTUATORS MARKET: PRODUCT POSITIONING 77

FIGURE 22 HONEYWELL INTERNATIONAL INC.: SWOT ANALTYSIS 81

FIGURE 23 FLOWSERVE CORPORATION: SWOT ANALTYSIS 84

FIGURE 24 THE EMERSON ELECTRIC COMPANY: SWOT ANALTYSIS 88

FIGURE 25 SAMSON AG: SWOT ANALTYSIS 91

FIGURE 26 ROTORK PLC: SWOT ANALTYSIS 94