Electric actuator market size will grow by USD 3.96 billion | Increasing demand for commercial and defense aircraft to enhance market growth

NEW YORK, May 13, 2022 /PRNewswire/ — The electric actuator market The size is expected to increase by $3.96 billion from 2020 to 2025. Also, the market growth momentum will accelerate at a CAGR of 5.24% during the forecast period. Technavio analyzes the market by end user (automotive industry, water and wastewater industry, marine industry, aerospace and defense industry, and others), type (linear actuators and rotary actuators), and geography (APAC, Europe, North Americawma, South AmericaAPAC, Europe, North AmericaMEA, and South America).

Technavio has announced its latest market research report titled Electric Actuators Market by End User, Type and Geography – Forecast and Analysis 2021-2025

Technavio has announced its latest market research report titled Electric Actuators Market by End User, Type and Geography – Forecast and Analysis 2021-2025

To learn more about the various market segments and their impact, Download a sample report!

The electric actuator market covers the following areas:

Electric Actuator Market Size
Electric Actuator Market Forecast
Electric Actuator Market Analysis

Driver and Challenge

The growing demand for commercial and defense aircraft is driving the growth of the global electric actuator market. There are prominent aircraft owners in APAC and Europe, with a combined share of more than half of the total aircraft fleet in the world. The growing air passenger traffic is causing an increase in the number of aircraft fleets. Electric actuators are a viable and cost-effective alternative to hydraulic and pneumatic actuator systems on commercial and defense aircraft. They help improve aircraft performance and provide precise control and faster reaction time. In addition, the use of electric actuators in commercial and defense aircraft helps reduce the burden on maintenance personnel and provides higher reliability and lower life cycle cost. Therefore, with the growth in demand for commercial and defense aircraft, the demand for electric actuators is expected to increase during the forecast period.

The risk of faulty and poorly insulated electrical actuators and their malfunction will challenge global electric actuator market share growth during the forecast period. Electric actuators are built to operate and hold up in various temperatures. These products must be stored correctly, with adequate isolation measures to prevent leaks. Gas leaks due to faulty or poorly insulated electric actuators can negatively affect the health of employees and people in close proximity to electric actuators. Inhalation of argon can cause suffocation or suffocation. It can also cause problems such as a stinging sensation in the eyes, vomiting, dizziness, rapid breathing, excitement, headaches, excess salivation, itchy nose and throat, and can lead to loss of consciousness. This can lead to compliance problems with the authorities. Therefore, faulty and poorly insulated electric actuators may impact your demand during the forecast period.

Regional Analysis

APAC it will account for 32% of the market growth during the forecast period. The increasing use of electric actuators in industrial robots and automation will drive the growth of the electric actuators market in APAC during the forecast period. Furthermore, the growth of the market in this region will be faster than the growth of the market in North America Y South America. Porcelain Y Japan are the key countries for the electric actuator market in APAC.

Companies mentioned

  • ABB Ltd.

  • Curtiss-Wright Corp.

  • Emerson Electric Co.

  • general electrical company

  • LINAK AS

  • moog inc.

  • Parker Hannifin Corp.

  • Rotork plc

  • Siemens AG

  • SMC Corporation.

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Market scope of electric actuators

Report Coverage

Details

Page number

120

base year

2020

forecast period

2021-2025

Growth momentum and CAGR

Accelerates to a CAGR of 5.24%

Market growth 2021-2025

$3.96 billion

market structure

Fragmented

YoY growth (%)

4.76

regional analysis

APAC, Europe, North America, MEA, South America, APAC, Europe, North America, MEA, and South America

Contribution to the real market

Asia-Pacific at 32%

Main consuming countries

United States, China, Germany, Japan and United Kingdom

competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

ABB Ltd., Curtiss-Wright Corp., Emerson Electric Co., General Electric Co., LINAK AS, Moog Inc., Parker Hannifin Corp., Rotork Plc, Siemens AG, and SMC Corp.

market dynamics

Major market analysis, market growth drivers and obstacles, fast and slow growing segments analysis, impact of COVID 19 and future consumer dynamics, market condition analysis for the forecast period,

Customization Scope

If our report didn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Key Topics Covered:

1. Executive Summary

2 Market Landscape

3 Market size

4 Five Forces Analysis

5 Market Segmentation by End User

6 Market Segmentation by Type

7 Customer landscape

8 Geographic Landscape

9 drivers, challenges and trends

10 Provider Landscape

11 Supplier Analysis

12 Appendix

About us
Technavio is a world leader in technology research and consulting. His research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s reporting library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Its client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market insights to identify opportunities in existing markets and and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Mayda
Media and Marketing Executive
USA: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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