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Electric Actuators Market by End-users, 2019-2023

 

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The "Electric Actuators Market by End-users, Type, and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The electric actuators market analysis considers sales from both linear actuators and rotary actuators. The analysis also considers the sales of electric actuators in APAC, Europe, North America, South America, and MEA.

In 2018, the linear actuators segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as precise control of speed, acceleration, position, and torque will play a significant role in the linear actuators segment to maintain its market position.

Also, the report looks at factors such as growing demand for commercial and defense aircraft, increasing use of electric actuator in industrial robots and automation, and growing demand for smart actuators.

However, the risk from faulty and loosely insulated electric actuators and their malfunctions, fluctuating raw material prices, and high initial set up cost for end-users of electric actuators may hamper the growth of the electric actuators industry over the forecast period.

Growing demand for commercial and defense aircraft

The demand for commercial and defense aircraft fleet is increasing globally due to increasing air passenger traffic. Electric actuators also reduce the burden on maintenance personnel as they are more reliable compared to conventional actuators. Electric actuators are a cost cost-effective and viable alternative solution instead of existing hydraulic and pneumatic actuator systems in commercial and defense aircraft.

This helps in improving the performance and provide accurate control and faster reaction time. For instance, United Airlines recently announced its plans to include 40 new mainline aircraft to its fleet. This will lead to the expansion of the global electric actuators market at a CAGR of almost 7% during the forecast period.

Growing use of electric actuators in smart homes

Electric actuators will be used in smart homes in applications such as providing linear motion for objects including recliners, blinds, pergolas, sit-stand desks, and kitchen appliances. For example, electric actuators are used in sit-stand desks to adjust the height. Therefore, the growth in the number of smart homes is expected to have a positive impact on the global electric actuators market growth.

Competitive Landscape

With the presence of several major players, the global electric actuators market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric actuators manufacturers, that include:

  • ABB Ltd.
  • Emerson Electric Co.
  • General Electric Co.
  • LINAK AS
  • Moog Inc.
  • Parker-Hannifin Corp.
  • Rotork PLC
  • Siemens AG
  • SMC Corp.
  • Toshiba Corp.

Also, the electric actuators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Table of Contents

Key Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Comparison by end-user
  • Automotive industry - Market size and forecast 2018-2023
  • Water and wastewater industry - Market size and forecast 2018-2023
  • Marine industry - Market size and forecast 2018-2023
  • Aerospace and defense industry - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY TYPE

  • Comparison by type
  • Linear actuators - Market size and forecast 2018-2023
  • Rotary actuators - Market size and forecast 2018-2023
  • Market opportunity by type

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

  • Increased benefits of electric actuator over hydraulic or pneumatic actuator
  • Growing use of electric actuator in smart homes
  • Increasing demand from renewable energy sources

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB Ltd.
  • Emerson Electric Co.
  • General Electric Co.
  • LINAK AS
  • Moog Inc.
  • Parker-Hannifin Corp.
  • Rotork PLC
  • Siemens AG
  • SMC Corp.
  • Toshiba Corp.
 

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