Electric Actuators Market Analysis APAC,Europe,North America,Middle East and Africa,South America - US,China,Japan,Germany,UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 178 SKU: IRTNTR45076

Electric Actuators Market Size 2023-2027

The electric actuators market is estimated to grow by USD 4.31 billion at a CAGR of 5.19% between 2022 and 2027. The market's growth relies on several factors, notably the increasing demand for both commercial and defense aircraft. Additionally, the industrial sector's rising adoption of electric actuators in robots and automation contributes to this growth, along with the increasing demand for smart actuators. These factors collectively drive the market expansion, reflecting a broader trend toward more efficient and technologically advanced actuator solutions across various industries. The aerospace sector's demand for reliable and efficient actuation systems, coupled with the industrial sector's emphasis on automation, underscores the market's growth trajectory. As industries seek more advanced and adaptable actuator technologies, the market for electric actuators is set for significant growth in the coming years.

The market report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by end-user (automotive industry, water and wastewater industry, marine industry, aerospace and defense industry, and others), type (rotary and linear), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

By End-user

The market share growth by the automotive industry segment will be significant during the forecast period. Technological advances and changes in consumer preferences have increased the demand for automobiles. The demand for electric and autonomous vehicles is increasing continuously, which is driving the growth of the automotive industry. EVs are considered affordable alternatives to traditional vehicles, and their use does not cause pollution. Hence, several enterprises are launching EVs.

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The automotive industry segment was valued at USD 6.19 billion in 2017. Electric actuators are used in different automotive applications, such as engine cooling, climate control, and transmission. They can be integrated with engine control systems and help in controlling air flaps for power and torque optimization. They also help in controlling the engine speed to reduce emissions and noise as well as improve fuel economy. Hence, the rise in demand for electric and autonomous vehicles in the automotive industry will drive the growth of the segment during the forecast period.

By Type 

The rotary segment will account for a significant share of market growth during the forecast period. Rotary actuators convert an electric signal into rotational motion. Electric rotary actuators control motors to achieve the desired degree of partial rotation. The advantages of using electric rotatory actuators are continuous positioning, three-point position control, and bus control. Therefore, they are used in various applications in industries such as aerospace and defense, automotive, marine, and oil and gas. The benefits of electric rotary actuators have led several companies in the market to cater to the growing demand. Hence, the growing advantages of electric rotary actuators will increase their demand. This, in turn, will lead to the growth of the global electric actuators market through the forecast period.

By Region

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APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The demand for electric actuators is increasing in APAC owing to the presence of a prominent metals and mining industry, especially in countries such as China, India, and Japan, which are among the top steel producers in the world. In addition, the availability of low-cost labor and resources in developing economies such as India, Indonesia, Bangladesh, and Vietnam has encouraged governments to set up metal and mining processing plants. This will increase the demand for electric actuators, as they are used to manage drilling choke valves in the mining industry. This gives mining operators accurate control of fluid velocities, which helps in efficient mining operations. Hence, the growth in the metals and mining industry in the region will drive the demand for electric actuators during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. 

Global Market Customer Landscape

Market Dynamics

The market is driven by rapid urbanization and the need for improved infrastructure. These play a crucial role in the restoration of various structures and are used in industrial production. Manufacturing companies rely on these to automate processes, reducing manual labor and improving efficiency. As technology advances, they are also being considered for use in space travel, showcasing their versatility. They operate using mechanical force and kinetic energy, with components like electric motors, damper, device, machine, and valve,  available in various sizes and shapes to suit different applications. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.   

Key Market Driver

The growing demand for commercial and defense aircraft is notably driving market growth. North America and Europe have a large number of commercial airline operators and account for more than half of the total aircraft fleets in the world. The increasing air passenger traffic is leading to a rise in the number of aircraft fleets. Many commercial airline operators in countries such as the US, China, Germany, Canada, the UK, India, and South Korea are focusing on increasing their aircraft fleets to cater to the rising demand. 

They are indeed cost-effective and viable alternatives for replacing existing hydraulic and pneumatic actuator systems in commercial and defense aircraft. These utilize a motor unit to convert electrical energy into mechanical force, providing the necessary kinetic energy for various aircraft operations. This shift toward electric actuators represents a significant advancement in aircraft technology, offering improved efficiency and performance compared to traditional hydraulic and pneumatic systems. They improve the performance of commercial and defense aircraft and provide accurate control and fast reaction time. The use of these in commercial and defense aircraft reduces the burden on maintenance personnel. Hence, with the growth in demand for commercial and defense aircraft, the demand is expected to increase, which will boost the growth of the market during the forecast period.

Significant Market Trends

The growing use of electric actuators in smart homes is a key trend. In a smart home, different appliances are connected to a network and can be monitored, controlled, and accessed remotely. Most applications in smart homes are related to home security, lighting, and thermostat regulation. The number of smart homes is expected to grow rapidly during the forecast period. For instance, by the end of 2022, approximately 35%-40% of all households in North America had at least one smart home product or system. 

They can be used in smart homes in applications such as providing linear motion for certain objects, including recliners, blinds, pergolas, sit-stand desks, television sets, and kitchen appliances. Moreover, electric linear actuators can be used in pergolas to tilt their blades and also help in opening and closing the roof of the pergola. Therefore, the growth in the number of smart homes is expected to drive the demand, which will boost the growth of the market during the forecast period.

Major Market Challenge

Faulty and loosely insulated electric actuators and malfunctioning risks may impede market growth. They can operate under a wide range of temperatures. They are used in end-user industries such as oil and gas, where they can manage the flow of highly sensitive products such as industrial gases. These products should be stored properly, and appropriate insulation measures must be taken to prevent leakage.

The leakage of gases due to faulty or loosely insulated electric actuators can adversely affect the health of employees and people near the vicinity. Primary health hazards after inhaling argon gas are asphyxiation or suffocation. Inhaling argon can also cause a stinging sensation in the eyes, vomiting, dizziness, rapid breathing, excitation, headaches, excess salivation, and stinging in the nose and throat, which may result in unconsciousness. Hence, faulty and loosely insulated electric actuators can hamper the growth of the market during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Actuonix Motion Devices Inc. - The company offers electric actuators such as L12-I, L12-P, L12-R. It also offers micro actuators and linear actuators.

HanKun Beijing Fluid Control Technology Co. Ltd. - The company offers electric actuators such as HKM03.2, HKM05.2, HKM10.2. It also offers valves, pumps, and other fluid control equipment and services.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

  • ABB Ltd.
  • AUMA Riester GmbH and Co. KG
  • Curtiss Wright Corp.
  • Emerson Electric Co.
  • Flowserve Corp.
  • General Electric Co.
  • IMI Plc
  • LINAK AS
  • Moog Inc.
  • Parker Hannifin Corp.
  • Pon Holdings BV
  • Rotork Plc
  • Schaeffler AG
  • Siemens AG
  • SMC Corp.
  • SNNA BEFK Union Tech Inc.
  • Statewide Bearings
  • TiMOTION Technology Co. Ltd.

The report offers clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the companies. The analysis classifies companies into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision.   

Market Analyst Overview

The market is witnessing growth due to its heightened precision and improved safety features compared to hydraulic and pneumatic equivalents. These find applications in a wide range of industries, including the aviation industry, food and beverage, medical devices, and robotics industry. They offer accurate positioning and smoother operations, reducing downtime and enhancing production efficiency. They are also preferred for their energy consumption benefits and reduced environmental impact compared to hydraulic fluids or petroleum products. With ongoing technical developments, these are becoming increasingly vital for various industrial applications. The market is influenced by the growing population and the need for efficient utilization of natural resources, with advancements in drive unit and gear unit technologies enhancing their performance and reliability.

Furthermore, the market is crucial for industries requiring effective operation and precision control, such as the automobile and manufacturing sectors. These offer automatic system functionality, enhancing productivity and safety. They are used in various applications, including valve control, mechanical device in oil & gas facilities, dental chairs, and medical beds. They also play a vital role in industrial robots and pipeline automation, ensuring smooth and reliable operation. With increasing industry safety regulations and a focus on environmental sustainability, the demand is expected to rise in the coming years.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

  • End-user Outlook
    • Automotive industry
    • Water and wastewater industry 
    • Marine industry
    • Aerospace and defense industry 
    • Others 
  • Type Outlook 
    • Rotary 
    • Linear 
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Market Scope

Report Coverage

Details

Page number

178

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.19%

Market growth 2023-2027

USD 4.31 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.53

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Actuonix Motion Devices Inc., AUMA Riester GmbH and Co. KG, Curtiss Wright Corp., Emerson Electric Co., Flowserve Corp., General Electric Co., HanKun Beijing Fluid Control Technology Co. Ltd., IMI Plc, LINAK AS, Moog Inc., Parker Hannifin Corp., Pon Holdings BV, Rotork Plc, Schaeffler AG, Siemens AG, SMC Corp., SNNA BEFK Union Tech Inc., Statewide Bearings, and TiMOTION Technology Co. Ltd.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global electric actuators market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global electric actuators market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Automotive industry - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Automotive industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Automotive industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Automotive industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Automotive industry - Year-over-year growth 2022-2027 (%)
    • 6.4 Water and wastewater industry - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Water and wastewater industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Water and wastewater industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Water and wastewater industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Water and wastewater industry - Year-over-year growth 2022-2027 (%)
    • 6.5 Marine industry - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Marine industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Marine industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Marine industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Marine industry - Year-over-year growth 2022-2027 (%)
    • 6.6 Aerospace and defense industry - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Aerospace and defense industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Aerospace and defense industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Aerospace and defense industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Aerospace and defense industry - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ million)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Rotary - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Rotary - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Rotary - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Rotary - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Rotary - Year-over-year growth 2022-2027 (%)
    • 7.4 Linear - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Linear - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Linear - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Linear - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Linear - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ million)
      • Exhibit 69: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 123: ABB Ltd. - Overview
              • Exhibit 124: ABB Ltd. - Business segments
              • Exhibit 125: ABB Ltd. - Key offerings
              • Exhibit 126: ABB Ltd. - Segment focus
            • 12.4 Actuonix Motion Devices Inc.
              • Exhibit 127: Actuonix Motion Devices Inc. - Overview
              • Exhibit 128: Actuonix Motion Devices Inc. - Product / Service
              • Exhibit 129: Actuonix Motion Devices Inc. - Key offerings
            • 12.5 AUMA Riester GmbH and Co. KG
              • Exhibit 130: AUMA Riester GmbH and Co. KG - Overview
              • Exhibit 131: AUMA Riester GmbH and Co. KG - Product / Service
              • Exhibit 132: AUMA Riester GmbH and Co. KG - Key offerings
            • 12.6 Curtiss Wright Corp.
              • Exhibit 133: Curtiss Wright Corp. - Overview
              • Exhibit 134: Curtiss Wright Corp. - Business segments
              • Exhibit 135: Curtiss Wright Corp. - Key offerings
              • Exhibit 136: Curtiss Wright Corp. - Segment focus
            • 12.7 Emerson Electric Co.
              • Exhibit 137: Emerson Electric Co. - Overview
              • Exhibit 138: Emerson Electric Co. - Business segments
              • Exhibit 139: Emerson Electric Co. - Key news
              • Exhibit 140: Emerson Electric Co. - Key offerings
              • Exhibit 141: Emerson Electric Co. - Segment focus
            • 12.8 Flowserve Corp.
              • Exhibit 142: Flowserve Corp. - Overview
              • Exhibit 143: Flowserve Corp. - Business segments
              • Exhibit 144: Flowserve Corp. - Key news
              • Exhibit 145: Flowserve Corp. - Key offerings
              • Exhibit 146: Flowserve Corp. - Segment focus
            • 12.9 General Electric Co.
              • Exhibit 147: General Electric Co. - Overview
              • Exhibit 148: General Electric Co. - Business segments
              • Exhibit 149: General Electric Co. - Key news
              • Exhibit 150: General Electric Co. - Key offerings
              • Exhibit 151: General Electric Co. - Segment focus
            • 12.10 HanKun Beijing Fluid Control Technology Co. Ltd.
              • Exhibit 152: HanKun Beijing Fluid Control Technology Co. Ltd. - Overview
              • Exhibit 153: HanKun Beijing Fluid Control Technology Co. Ltd. - Product / Service
              • Exhibit 154: HanKun Beijing Fluid Control Technology Co. Ltd. - Key offerings
            • 12.11 LINAK AS
              • Exhibit 155: LINAK AS - Overview
              • Exhibit 156: LINAK AS - Product / Service
              • Exhibit 157: LINAK AS - Key offerings
            • 12.12 Moog Inc.
              • Exhibit 158: Moog Inc. - Overview
              • Exhibit 159: Moog Inc. - Business segments
              • Exhibit 160: Moog Inc. - Key offerings
              • Exhibit 161: Moog Inc. - Segment focus
            • 12.13 Parker Hannifin Corp.
              • Exhibit 162: Parker Hannifin Corp. - Overview
              • Exhibit 163: Parker Hannifin Corp. - Business segments
              • Exhibit 164: Parker Hannifin Corp. - Key news
              • Exhibit 165: Parker Hannifin Corp. - Key offerings
              • Exhibit 166: Parker Hannifin Corp. - Segment focus
            • 12.14 Rotork Plc
              • Exhibit 167: Rotork Plc - Overview
              • Exhibit 168: Rotork Plc - Business segments
              • Exhibit 169: Rotork Plc - Key offerings
              • Exhibit 170: Rotork Plc - Segment focus
            • 12.15 Schaeffler AG
              • Exhibit 171: Schaeffler AG - Overview
              • Exhibit 172: Schaeffler AG - Business segments
              • Exhibit 173: Schaeffler AG - Key offerings
              • Exhibit 174: Schaeffler AG - Segment focus
            • 12.16 Siemens AG
              • Exhibit 175: Siemens AG - Overview
              • Exhibit 176: Siemens AG - Business segments
              • Exhibit 177: Siemens AG - Key news
              • Exhibit 178: Siemens AG - Key offerings
              • Exhibit 179: Siemens AG - Segment focus
            • 12.17 SMC Corp.
              • Exhibit 180: SMC Corp. - Overview
              • Exhibit 181: SMC Corp. - Product / Service
              • Exhibit 182: SMC Corp. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 183: Inclusions checklist
                • Exhibit 184: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 185: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 186: Research methodology
                • Exhibit 187: Validation techniques employed for market sizing
                • Exhibit 188: Information sources
              • 13.5 List of abbreviations
                • Exhibit 189: List of abbreviations
              • adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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