Electric Actuator Market Scope
An electric actuator is one kind of gear motor which converts electrical energy to mechanical torque and is responsible for controlling or moving a mechanism or system. These electrical actuators use electrical energy to actuate equipment such as multi-turn valves. It is one of the cleanest and most quickly available forms of actuator because it does not involve oil. Electric actuators are majorly used for industrial purposes and these actuators work on the principle of conversion of electric voltage into mechanical motion. Increased concern for the conservation of energy in the defense industry is one of the factors driving the market for the electric actuator.
The market study is being classified by Type (Electric Linear Actuator, Electric Rotary Actuator, Electric Valve Actuator and Others), by Application (Petroleum, Water Treatment, Electric Power, Pharmaceutical and Others) and major geographies with country level break-up. According to AMA, the Global Electric Actuator market is expected to see growth rate of 6.2%
The market of Electric Actuators appears to be fragmented and with the presence of several companies including Emerson Electric, and Flowserve. Factors such as the growing demand for electric linear actuators from the automotive industry will provide considerable growth opportunities to electric actuator manufacturers. Research Analyst at AMA predicts that China Manufacturers will contribute to the maximum growth of Global Electric Actuator market throughout the predicted period.
Rotork (United Kingdom), Auma (Germany), Flowserve (United States), Emerson (United States), ABB (Switzerland), Bernard (France), SNNA (United States), Biffi (Italy), Tomoe (Japan), Nihon Koso (Japan) and Tefulong (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are CDF (China), SAIC (China), Aotuo Ke (China), Chuanyi Automation (China), Zhonghuan TIG (China), SIG (China), PS Automation (Germany), Xiang Long (China), Raga (China), KOEI (Japan) and Hengchun (China).
AdvanceMarketAnalytics has segmented the market of Global Electric Actuator market by Type, Application and Region.
On the basis of geography, the market of Electric Actuator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Attracting Focus of Industries on Green Technology
- Acceptance of New Technological Advancements in Electrical Actuator
- Increase in Number of Aircraft Deliveries
- Increased Concern for Conservation of Energy in Defense Industry
- Increasing Demand for Electric Linear Actuators from Automotive Industry
- Use of Advanced Actuators in Different Verticals
- Use of Actuators in Smart Cities
- Volatility in Oil & Gas Market
- High Initial Cost of Implementation of Actuators
- Issue Related to Power Consumption, Noise, and Leak Issues
- Fluctuating Raw Material Prices for Electrical Actuator
Key Target AudienceManufacturers of Electrical actuator, Providers or Suppliers of Electrical actuator, Retailers, Distributors, and Wholesalers of Electrical actuator, Manufacturers of Automotive Components, Manufacturers of Defense Components, Manufacturers of Aerospace Components, Technology Support Providers and Original Equipment Manufacturers
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