Electric Actuators Market was valued at USD 12.88 billion in 2023 and is expected to reach USD 58.32 billion by 2032, growing at a CAGR of 18.35% from 2024-2032.
The Electric Actuators Market is experiencing significant growth, fueled by the rising demand for automation in sectors such as manufacturing, automotive, and energy. This need is driven by the pursuit of operational effectiveness and energy conservation, as electric actuators offer environmentally friendly options. Functioning at 75-80% efficiency, electric actuators are significantly more energy-efficient compared to conventional pneumatic systems. Sectors are incorporating these actuators into robotics, HVAC, and renewable energy initiatives, thereby enhancing market growth. Technological progress, including the launch of Emerson’s Fisher easy-Drive 200R Electric Actuator in January 2024, which provides improved control and straightforward calibration, is crucial in addressing changing industry demands.
As the need for sustainability rises, electric actuators are becoming more preferred compared to conventional pneumatic or hydraulic systems because of their reduced carbon footprint and greater energy efficiency. This trend is especially noticeable in industries aimed at minimizing environmental effects, like renewable energy and electric vehicles. The increasing popularity of EVs has opened new avenues for actuators in automotive uses, such as sophisticated steering and battery management systems. For example, in March 2023, Ewellix launched new electric actuators for mobile applications at Conexpo, intending to enhance performance and efficiency in mobile equipment. Likewise, in January 2025, AUMA updated Stockholm's largest combined heat and power facility, adding 241 electric actuators with Profinet communication to improve sustainability. As sectors persist in pursuing sustainable alternatives, the need for electric actuators is anticipated to increase in various applications.
Looking to the future, the Electric Actuators Market is poised to benefit from emerging opportunities in sectors like renewable energy, smart grids, and the Internet of Things. The growing demand for smart automation systems, fueled by Industry 4.0 technologies, is opening up new avenues for the integration of electric actuators. As artificial intelligence and machine learning technologies evolve, the development of more adaptive actuators capable of responding to complex operational needs is expected to drive innovation. With these technological advancements, the market is well-positioned for continued growth, presenting a promising outlook as industries seek more intelligent, sustainable solutions.
Market Dynamics
Drivers
Integration of IoT and Smart Technologies Driving Remote Monitoring, Control, and Efficiency in Electric Actuators
The increasing integration of IoT and smart technologies in industrial systems is fueling the adoption of advanced electric actuators. These technologies enable seamless remote monitoring and control, significantly improving operational efficiency. As industries focus on automation and real-time data analysis, electric actuators become integral in achieving precise movements and controlling processes remotely. The enhanced connectivity and ability to integrate with various smart devices and platforms empower operators to optimize performance, reduce downtime, and increase the longevity of equipment. The synergy between electric actuators and IoT applications extends across diverse sectors, from manufacturing to energy, creating more intelligent, automated systems. This trend not only facilitates predictive maintenance but also supports faster decision-making and resource optimization, driving a shift toward more connected and efficient industrial ecosystems.
Miniaturization and Technological Advancements Making Electric Actuators More Compact, Reliable, and Cost-Effective for Diverse Applications
Recent advancements in actuator design, miniaturization, and material science are revolutionizing the electric actuator market. These improvements have resulted in more compact, reliable, and cost-effective actuators, making them suitable for a broader range of applications. Smaller actuators, with enhanced precision and performance, are increasingly being integrated into spaces and systems that previously required larger, bulkier solutions. As a result, industries are finding innovative uses for electric actuators in sectors like automotive, robotics, and medical devices. The advancements in materials have also improved durability and reduced energy consumption, further supporting cost-efficiency and reliability. These technological improvements allow for higher functionality in applications with limited space or more demanding conditions, while also making the devices more accessible and practical for smaller-scale operations and consumer products, thereby expanding their market reach.
Restraints
Environmental Sensitivity of Electric Actuators Affects Performance in Extreme Conditions, Limiting Their Application in Harsh Environments
Electric actuators can face performance challenges when exposed to harsh or extreme environmental conditions. Factors such as high or low temperatures and excess moisture can significantly impact the functionality of electric actuators, leading to potential malfunctions or reduced efficiency. For instance, extreme cold may cause the actuator components to freeze or become stiff, while high temperatures could lead to overheating, reducing lifespan and performance. Similarly, high humidity or exposure to water can lead to corrosion or electrical short circuits. These environmental sensitivities may limit the application of electric actuators in industries where such conditions are prevalent, such as in offshore operations, mining, or outdoor installations. As a result, industries may opt for hydraulic or pneumatic actuators, which are generally more robust and resilient in challenging environments, hindering the widespread adoption of electric actuators in some cases.
Higher Energy Consumption of Electric Actuators in Continuous or High-Power Applications
Electric actuators, while efficient in many applications, may consume more energy than their hydraulic or pneumatic counterparts in systems that require continuous or high-power operation. This increased energy demand can result in higher operational costs, especially in industries with large-scale automation or where frequent and sustained actuator movements are necessary. In particular, electric actuators may not be the most energy-efficient choice for processes that require prolonged motion or heavy lifting, as their electric motors tend to draw significant power. This can be a disadvantage in industries that prioritize energy conservation or operate on tight energy budgets. As a result, companies might opt for hydraulic or pneumatic actuators, which can offer more power-efficient solutions in specific high-load or continuous-use environments, limiting the widespread adoption of electric actuators in certain sectors.
By End-use Industry
The Energy segment led the Electric Actuators Market in 2023, capturing approximately 27% of the revenue share, driven by the rising adoption of automation in power generation and distribution. With an increasing focus on renewable energy sources such as wind and solar, electric actuators played a crucial role in optimizing control systems, enhancing efficiency, and ensuring seamless operation of critical infrastructure. Additionally, their reliability, precision, and lower maintenance requirements made them the preferred choice for energy-intensive applications, further solidifying the sector’s dominance.
The Oil & Gas segment is projected to witness the fastest CAGR of approximately 20.77% from 2024 to 2032, fueled by increasing investments in automation and safety solutions. As the industry shifts toward digitalization and remote operations, electric actuators are becoming essential for controlling valves, pipelines, and offshore equipment with higher precision and efficiency. Additionally, the growing demand for energy security and enhanced operational reliability in harsh environments is accelerating the adoption of electric actuators, positioning the segment for rapid expansion in the coming years.
By Product Type
The Linear Actuator segment dominated the Electric Actuators Market in 2023, securing approximately 48% of the revenue share, primarily due to its widespread use across industries such as manufacturing, automotive, and energy. Known for their precision, reliability, and ability to handle high loads with smooth motion, linear actuators became the preferred choice for automation in industrial machinery, robotics, and renewable energy applications. Additionally, their ease of integration with smart control systems and low maintenance requirements further reinforced their market leadership.
The Hybrid Actuator segment is projected to grow at the fastest CAGR of approximately 20.89% from 2024 to 2032, driven by increasing demand for high-performance solutions that combine the benefits of electric and hydraulic or pneumatic systems. As industries seek actuators that offer both efficiency and higher force capabilities, hybrid actuators are gaining traction in aerospace, automotive, and heavy machinery applications. Their ability to deliver superior power density while maintaining energy efficiency and precision makes them an attractive solution, accelerating their adoption across emerging high-tech and automation-driven sectors.
By Distribution Channel
The Direct Sales segment dominated the Electric Actuators Market in 2023, capturing approximately 65% of the revenue share, and is expected to grow at the fastest CAGR of 19.35% from 2024 to 2032, driven by the increasing preference for direct procurement by large industries seeking customized solutions and cost advantages. Direct sales channels enable manufacturers to offer tailored products, technical support, and competitive pricing, making them the preferred choice for sectors like energy, automotive, and aerospace, where precision and performance are critical. Additionally, the growing emphasis on long-term partnerships, bulk purchasing, and after-sales services has strengthened the demand for direct transactions. As industries continue to adopt smart and IoT-enabled actuators, direct sales are further gaining traction due to the need for seamless integration and specialized configurations, fueling sustained market growth.
Regional Analysis
The Asia Pacific region led the Electric Actuators Market in 2023, capturing approximately 40% of the revenue share, driven by rapid industrialization and the expansion of automation across key sectors such as manufacturing, energy, and automotive. With strong government initiatives promoting smart factories and infrastructure development, the demand for electric actuators surged, particularly in robotics, renewable energy, and transportation. Additionally, the presence of major manufacturing hubs and cost-effective production capabilities further strengthened the region’s dominance.
North America is expected to grow at the fastest CAGR of approximately 20.14% from 2024 to 2032, fueled by increasing adoption of advanced automation and IoT-integrated systems across industries. The rising focus on energy efficiency, coupled with strong investments in aerospace, healthcare, and electric vehicles, is accelerating demand for high-performance actuators. Additionally, stringent regulatory frameworks promoting sustainable technologies are driving industries toward electric actuators, positioning North America for significant market expansion in the coming years.
General Electric (GE Linear Actuators, GE Electric Actuator Motors)
Flowserve Corporation (Flowserve Electric Actuators, Flowserve Control Valves)
Actuonix Motion Devices Inc. (Linear Actuators, L12-S Actuators)
Emerson Electric Co. (Emerson Electric Actuators, Fisher Control Valves)
Ewellix (SKF Motion Technologies) (Electric Linear Actuators, Linear Actuator Systems)
AUMA Riester GmbH & Co. KG (AUMA Electric Actuators, AUMA Valve Actuators)
Rotork (Rotork Electric Actuators, Rotork Valve Actuators)
Curtiss-Wright Corporation (Curtiss-Wright Electric Actuators, Curtiss-Wright Servo Motors)
ABB (ABB Linear Actuators, ABB Electric Valves)
Moog Inc. (Moog Electric Actuators, Moog Servo Motors)
ARCA Regler GmbH (ARCA Actuators, ARCA Valve Regulators)
CKD Corporation (CKD Electric Actuators, CKD Pneumatic Actuators)
IMI PLC (IMI Electric Actuators, IMI Valves)
Indelac Controls Inc. (Indelac Electric Actuators, Indelac Motors)
Janatics (Janatics Electric Actuators, Janatics Pneumatic Actuators)
JHFOSTER Company (JHFOSTER Electric Actuators, JHFOSTER Linear Systems)
LINAK Group (LINAK Electric Actuators, LINAK Linear Actuators)
Parker Hannifin Corp (Parker Electric Actuators, Parker Linear Actuators)
Process Systems (Process Systems Electric Actuators, Process Systems Valves)
Progressive Automations Inc. (Progressive Electric Actuators, Progressive Linear Actuators)
Regal Rexnord Corporation (Regal Electric Actuators, Regal Motors)
Samson AG (Samson Electric Actuators, Samson Control Valves)
Schaeffler Technologies AG & Co. KG (Schaeffler Electric Actuators, Schaeffler Linear Actuators)
Spirax Sarco Limited (Spirax Sarco Electric Actuators, Spirax Sarco Valve Systems)
TiMOTION Technology Co. Ltd. (TiMOTION Electric Actuators, TiMOTION Linear Actuators)
Tolomatic, Inc. (Tolomatic Electric Actuators, Tolomatic Linear Actuators)
York Precision Machining & Hydraulics LLC (York Electric Actuators, York Hydraulic Systems)
Recent Developments:
In November 2023, Flowserve introduced the Limitorque QX Series B (QXb) quarter-turn smart electric actuator, designed to enhance reliability and precision while reducing commissioning time by up to 50%.
In June 2024, Actuonix Motion Devices unveiled the T16-R series linear track servo, engineered for applications requiring side load capabilities and minimal mounting space. The T16-R series offers precise positioning with stroke lengths of 100mm, 200mm, and 300mm, and variable gear ratios providing a maximum force of up to 67 lbs.
Report Attributes | Details |
---|---|
Market Size in 2023 | USD 12.88 Billion |
Market Size by 2032 | USD 58.32 Billion |
CAGR | CAGR of 18.35% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Product Type (Rotary Actuator, Linear Actuator, Hybrid Actuator) • By End-use Industry (Oil & Gas, Agriculture, Food & Beverages, Aerospace & Defence, Automotive, Energy, Others) • By Distribution Channel (Direct Sales, Indirect Sales) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | General Electric, Flowserve Corporation, Actuonix Motion Devices Inc., Emerson Electric Co., Ewellix (SKF Motion Technologies), AUMA Riester GmbH & Co. KG, Rotork, Curtiss-Wright Corporation, ABB, Moog Inc., ARCA Regler GmbH, CKD Corporation, IMI PLC, Indelac Controls Inc., Janatics, JHFOSTER Company, LINAK Group, Parker Hannifin Corp, Process Systems, Progressive Automations Inc., Regal Rexnord Corporation, Samson AG, Schaeffler Technologies AG & Co. KG, Spirax Sarco Limited, TiMOTION Technology Co. Ltd., Tolomatic, Inc., York Precision Machining & Hydraulics LLC. |
Key Drivers | • Integration of IoT and Smart Technologies Driving Remote Monitoring, Control, and Efficiency in Electric Actuators • Miniaturization and Technological Advancements Making Electric Actuators More Compact, Reliable, and Cost-Effective for Diverse Applications |
RESTRAINTS | • Environmental Sensitivity of Electric Actuators Affects Performance in Extreme Conditions, Limiting Their Application in Harsh Environments • Higher Energy Consumption of Electric Actuators in Continuous or High-Power Applications |
Ans: Electric Actuators Market was valued at USD 12.88 billion in 2023 and is expected to reach USD 58.32 billion by 2032, growing at a CAGR of 18.35% from 2024-2032.
Ans: The Linear Actuator segment dominated the market with approximately 48% of the revenue share.
Ans: The Energy segment led the market in 2023, capturing around 27% of the revenue share.
Ans: The Oil & Gas segment is expected to grow at the fastest CAGR of approximately 20.77% from 2024 to 2032.
Ans: The Asia Pacific region led the market with approximately 40% of the revenue share.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Technology Adoption Rates
5.2 Investment Trends
5.3 Replacement Market and Retrofit Potential
5.4 Performance and Efficiency Metrics
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Electric Actuators Market Segmentation, By Product Type
7.1 Chapter Overview
7.2 Rotary Actuator
7.2.1 Rotary Actuator Market Trends Analysis (2020-2032)
7.2.2 Rotary Actuator Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Linear Actuator
7.3.1 Linear Actuator Market Trends Analysis (2020-2032)
7.3.2 Linear Actuator Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Hybrid Actuator
7.4.1 Hybrid Actuator Market Trends Analysis (2020-2032)
7.4.2 Hybrid Actuator Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Electric Actuators Market Segmentation, By Distribution Channel
8.1 Chapter Overview
8.2 Direct Sales
8.2.1 Direct Sales Market Trends Analysis (2020-2032)
8.2.2 Direct Sales Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Indirect Sales
8.3.1 Indirect Sales Market Trends Analysis (2020-2032)
8.3.2 Indirect Sales Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Electric Actuators Market Segmentation, By End-use Industry
9.1 Chapter Overview
9.2 Oil & Gas
9.2.1 Oil & Gas Market Trends Analysis (2020-2032)
9.2.2 Oil & Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Agriculture
9.3.1 Agriculture Market Trends Analysis (2020-2032)
9.3.2 Agriculture Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Food & Beverages
9.4.1 Food & Beverages Market Trends Analysis (2020-2032)
9.4.2 Food & Beverages Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Aerospace & Defence
9.5.1 Aerospace & Defence Market Trends Analysis (2020-2032)
9.5.2 Aerospace & Defence Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Automotive
9.6.1 Automotive Market Trends Analysis (2020-2032)
9.6.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Energy
9.5.1 Energy Market Trends Analysis (2020-2032)
9.5.2 Energy Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Others
9.6.1 Others Market Trends Analysis (2020-2032)
9.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Electric Actuators Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.4 North America Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.2.5 North America Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.6.2 USA Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.2.6.3 USA Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.7.2 Canada Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.2.7.3 Canada Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.2.8.3 Mexico Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Electric Actuators Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.1.6.3 Poland Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.1.7.3 Romania Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Electric Actuators Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.2.5 Western Europe Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.2.6.3 Germany Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.7.2 France Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.2.7.3 France Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.2.8.3 UK Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.2.9.3 Italy Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.2.10.3 Spain Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.2.13.3 Austria Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Electric Actuators Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.4.5 Asia Pacific Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.6.2 China Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.4.6.3 China Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.7.2 India Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.4.7.3 India Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.8.2 Japan Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.4.8.3 Japan Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.4.9.3 South Korea Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.4.10.3 Vietnam Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.4.11.3 Singapore Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.12.2 Australia Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.4.12.3 Australia Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Electric Actuators Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.5.1.5 Middle East Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.5.1.6.3 UAE Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Electric Actuators Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.4 Africa Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.5.2.5 Africa Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Electric Actuators Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.4 Latin America Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.6.5 Latin America Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.6.6.3 Brazil Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.6.7.3 Argentina Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.6.8.3 Colombia Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Electric Actuators Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Electric Actuators Market Estimates and Forecasts, By Distribution Channel (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Electric Actuators Market Estimates and Forecasts, By End-use Industry (2020-2032) (USD Billion)
11. Company Profiles
11.1 General Electric
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Flowserve Corporation
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Actuonix Motion Devices Inc.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Emerson Electric Co.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Ewellix (SKF Motion Technologies)
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 AUMA Riester GmbH & Co. KG
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Rotork
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Curtiss-Wright Corporation
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 ABB
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Moog Inc.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
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This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product Type
Rotary Actuator
Linear Actuator
Hybrid Actuator
By End-use Industry
Oil & Gas
Agriculture
Food & Beverages
Aerospace & Defence
Automotive
Energy
Others
By Distribution Channel
Direct Sales
Indirect Sales
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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