Global Industrial Actuator Market 2019-2023

The global industrial actuator market size will grow by USD 2.11 billion during 2019-2023. This industry research report provides a detailed analysis of the market based on product (electric, pneumatic, hydraulic and mechanical), end-users (oil and gas, chemical, power, W&WW, metals and others) and geography (the Americas, APAC and EMEA). The report analyzes the market’s competitive landscape and offers information on several industrial actuator manufacturers including Emerson Electric, Flowserve, ITT, Rotork, SAMSON and SMC Corporation.

Below are some of the key findings from this industrial actuator market analysis report

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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

• The Americas
• APAC
• EMEA

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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