Rotary Actuators Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Germany, France, India - Size and Forecast 2024-2028

Rotary Actuators Market Size 2024-2028

The rotary actuators market size is forecast to increase by USD 798.6 million at a CAGR of 4.5% between 2023 and 2028.

• The market is witnessing significant growth due to the increasing adoption of industrial automation in various industries, such as semiconductor, packaging, and HVAC. The demand is also driven by the development of flood-proof submersible electric actuators, which are gaining popularity in water and wastewater treatment applications, including desalination. However, the market is facing challenges due to the volatility in raw material prices, particularly for metals like aluminum, zinc, steel, copper, nickel, and stainless steel, which are commonly used in manufacturing rotary actuators. These metals are essential for producing strong and durable actuators, but their price fluctuations can impact the overall cost structure of the market. Additionally, the growing trend towards motion control systems in various industries is expected to create new opportunities in the US and North American markets.

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

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• The market encompasses electrical and fuel-powered devices that provide rotary motion for various industrial applications. These actuators are integral to automatic valves, heavy-duty motion systems, and assembly units, delivering high torque capabilities and mechanical stiffness for control and monitoring in industrial automation processes. 
• Moreover, rotary actuators are employed in diverse end products, including semiconductor production, defense, oil and gas industries, and transportation systems. Their high force capabilities enable movement control in exhaust systems, engine systems, and suspension systems. The market is driven by the increasing demand for efficiency, quality, and precision in manufacturing processes. These offer reliability and versatility, making them indispensable in numerous industries for oscillatory motion applications.

How is this Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product
  • Pneumatic rotary actuators
  • Electric rotary actuators
  • Hydraulic rotary actuators
• Geography
  • North America
    • US
  • Europe
    • Germany
    • France
  • APAC
    • China
    • India
  • Middle East and Africa
  • South America

By Product Insights

• The pneumatic rotary actuators segment is estimated to witness significant growth during the forecast period.

Pneumatic rotary actuators convert compressed air energy into rotational motion, categorized as quarter-turn and multi-turn types. Quarter-turn actuators enable a 90-degree rotation for valves to switch between fully open and closed positions. In contrast, multi-turn actuators, operated via gears, offer variable speeds. Applications span industries such as water and wastewater treatment, chemical and petrochemical, power generation, mining, and oil & gas. Pneumatic rotary actuators contribute to automatic valve control, heavy-duty motion, high torque applications, and industrial automation processes. They are integral to end products like exhaust systems, engine systems, suspension systems, power steering, and hydraulic and electric rotary actuators. With mechanical stiffness and high force capabilities, these actuators are employed in sectors like semiconductor production, defence, oil, gas manufacturing units, and construction, agriculture, and mining industries.

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The pneumatic rotary actuators segment was valued at USD 1.81 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• North America is estimated to contribute 34% 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.

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Rotary actuators are essential components in industrial automation processes, providing oscillatory and rotary motion for automatic valves, flaps, exhaust systems, engine systems, suspension systems, and power steering. In North America, the US and Canada are the primary markets, with significant demand from industries such as oil and gas, automotive, water and wastewater, and aerospace and defense. Among rotary actuators, electric models are projected to dominate due to their efficiency, quality, and quick response time. The oil and gas sector holds the largest market share, while water and wastewater treatment plants are the second-largest consumers. These actuators offer high torque capabilities, mechanical stiffness, and energy-saving features, making them suitable for heavy-duty applications in industries like metal mining, gas, construction, agriculture, and semiconductor production. Companies are investing in mergers, acquisitions, and expansion plans to cater to the rising demand.

Market Dynamics

Our researchers analyzed the data with 2023 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.

What are the key market drivers leading to the rise In the adoption of Rotary Actuators Industry?

industrial automation is the key driver of the market.

• In the global manufacturing sector, rotary actuators play a significant role in automation processes, particularly in industries such as semiconductors, oil and gas, packaging, and aerospace and defense. These actuators facilitate the transformation of raw materials into end products by providing oscillatory or rotary motion to various components, including automatic valves, flaps, exhaust systems, engine systems, suspension systems, and power steering. In heavy-duty applications and high torque scenarios, they offer mechanical stiffness and high force capabilities. Efficiency, quality, and control are essential factors in product processes, and it contributes to these aspects by ensuring precise movement control.
• Industrial automation processes benefit from quick response times and technologically advanced rotary actuators, which come in various forms such as hydraulic, electric, and pneumatic. Rising investments in manufacturing industries and expansion plans have led to the development of rotational systems that offer energy-saving features and improved performance. Mergers and acquisitions In the market have further fueled the growth of rotary actuator technology. Key applications include semiconductor production, defense, oil and gas manufacturing units, and various assembly units In the metal, mining, construction, agriculture, and other industries.

What are the market trends shaping the Rotary Actuators Industry?

Advent of flood-proof submersible electric actuators is the upcoming market trend.

• Rotary actuators, which include hydraulic, electric, and pneumatic types, are essential components in industrial automation processes. These actuators provide rotary or oscillatory motion to control valves, flaps, exhaust systems, engine systems, suspension systems, and power steering in various industries. In heavy-duty applications requiring high torque, they offer mechanical stiffness and high force capabilities. Emerson Electric's EIM Aquanaught, a waterproof submersible electric rotary actuator, was introduced in 2018. This innovation caters to the critical isolation demands in wastewater treatment plants during flood conditions. Capable of operating under 150 feet of dirty water for seven days, it ensures uninterrupted plant operation.
• Its mechanical design features a waterproof enclosure and hermetically sealed connections. These actuators are indispensable in semiconductor production, defence, oil and gas manufacturing units, and other industries where movement control is essential. The market is witnessing expansion due to rising investments, development in rotational systems, and energy-saving features. Quick response time and technologically advanced designs are other factors driving the growth of this market. Efficiency, quality, product process control, monitoring, and mergers and acquisitions are key considerations for businesses investing in rotary actuators. The market caters to various end products, including automation, suspension systems, power steering, hydraulic rotary actuators, and electric rotary actuators.

What challenges does the Rotary Actuators Industry face during its growth?

Volatility in raw material prices is a key challenge affecting the industry growth.

• Rotary actuators, which include hydraulic, electric, and pneumatic types, are essential components in various industrial automation processes. These actuators provide oscillatory or rotary motion to control valves, flaps, exhaust systems, engine systems, suspension systems, power steering, and other mechanical arms. The market is driven by rising investments in industrial automation, particularly in sectors such as semiconductor production, defense, oil and gas manufacturing, and construction. However, the market growth is challenged by the volatility of raw material prices, primarily metals like copper, stainless steel, aluminum, cast iron, brass, bronze, and other metal alloys.
• Additionally, trade tariffs imposed by the US on imports from various countries have further impacted the market's price dynamics. Despite these challenges, the market continues to expand due to the efficiency, quality, and high force capabilities these devices offer in end products. Furthermore, energy-saving features and quick response times are essential factors driving the adoption of technologically advanced rotary actuators.

Exclusive Customer Landscape

The market forecasting 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 market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

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

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• ABB Ltd.
• AUMA Riester GmbH and Co. KG
• Curtiss Wright Corp.
• Emerson Electric Co.
• Flowserve Corp.
• Harmonic Drive Systems Inc.
• Holland Motion Group
• IMI Critical Engineering
• LINAK AS
• MISUMI Group Inc.
• Moog Inc.
• Oriental Motor Co. Ltd.
• Parker Hannifin Corp.
• Pentair Plc
• Rockwell Automation Inc.
• Rotomation Inc.
• Rotork Plc
• Schlumberger Ltd.
• Siemens AG
• SMC Corp.
• Tameson BV
• W.W. Grainger Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Rotary actuators are essential components in various industrial applications, providing oscillatory and rotary motion to automate processes and control end products. These electrical or fuel-powered devices offer high torque capabilities and mechanical stiffness, making them suitable for heavy-duty applications in industries such as automotive, semiconductor production, defense, oil and gas manufacturing, and mining. It plays a crucial role in industrial automation processes by controlling and monitoring valves, flaps, exhaust systems, engine systems, suspension systems, and power steering. The demand for these devices is driven by the need for efficient and technologically advanced solutions that can handle high force capabilities and quick response times.

In addition, the market is experiencing significant growth due to rising investments in automation and development. The increasing adoption of energy-saving features In these devices is also contributing to their popularity. Mergers, acquisitions, and expansion plans among key players are further fueling market growth. These are available in various types, including hydraulic, electric, and pneumatic. Hydraulic rotary actuators offer high force capabilities and are commonly used in heavy-duty applications. Electric rotary actuators, on the other hand, are known for their quick response times and energy efficiency. Pneumatic rotary actuators are a cost-effective alternative, providing reliable performance in less demanding applications.

Furthermore, the use of it is not limited to specific industries. They are widely used In the automotive sector for engine systems, power steering, and suspension systems. In the oil and gas industry, they are used in valve control and movement control applications. In the mining industry, they are used for assembly units and heavy-duty motion applications. In agriculture, they are used for controlling irrigation systems and other agricultural machinery. Quality and performance are critical factors In their adoption. Manufacturers focus on producing high-quality products that can withstand the demands of various industries. The angle of rotation and mechanical arm length are essential considerations when selecting a rotary actuator for a particular application.

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

• CAGR of the Rotary Actuators industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the market growth of industry companies

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