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Global industrial actuator industry overview
The growing demand for industrial electric actuators is driving the market. Industrial electric actuators are gaining popularity in industries owing to their ability to provide high precision and control compared with other industrial actuators. Industrial electric actuators eliminate high noise creation and fluid leaks. These actuators are more energy-efficient, environmentally friendly and incur low maintenance.
Also, industrial electric actuators are a natural fit for automation and IoT applications because they can be networked and reprogramed quickly, which has increased their use in applications such as robotic spot welding and robotic dispensing. These advantages are leading to an increase in demand for industrial electrical actuators, which will grow at a CAGR of close to 6% during the forecast period.
Top industrial actuator companies covered in this report
The global industrial actuator market is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this industrial actuator industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a detailed analysis of several leading industrial actuator companies, including:
- Emerson Electric
- Flowserve
- ITT
- Rotork
- SAMSON
- SMC Corporation
Industrial actuator market segmentation based on product
- Electric
- Pneumatic
- Hydraulic
- Mechanical
Electric actuators were the dominating product segment of the global industrial actuator market in 2018. The market share of this segment will increase further and it will continue to dominate the market throughout the next five years.
Industrial actuator market segmentation based on region
EMEA accounted for the largest industrial actuator market share in 2018. This region will witness an increase in its market share and remain the market leader for the next five years. The demand for industrial actuators is prevalent from the power, oil and gas and W&WW treatment industries.
Key highlights of the global industrial actuator market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the industrial actuator market during the next five years
- Precise estimation of the global industrial actuator market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial actuator industry across the Americas, APAC and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of industrial actuator companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
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 PRODUCT
- Market segmentation by product
- Comparison by product
- Electric - Market size and forecast 2018-2023
- Pneumatic - Market size and forecast 2018-2023
- Hydraulic - Market size and forecast 2018-2023
- Mechanical - Market size and forecast 2018-2023
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Oil and gas - Market size and forecast 2018-2023
- Chemical - Market size and forecast 2018-2023
- Power - Market size and forecast 2018-2023
- W&WW - Market size and forecast 2018-2023
- Metals - Market size and forecast 2018-2023
- Others* - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- EMEA - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Emerging industrial smart actuators
- Development of valve positioner technology
- Rising remote control solutions for industrial actuators
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Emerson Electric
- Flowserve
- ITT
- Rotork
- SAMSON
- SMC Corporation
PART 15: APPENDIX
- Research methodology
- List of abbreviations