An Electric Actuator is powered by a motor that converts electrical energy into mechanical torque for moving or controlling a mechanism or system. It is one of the cleanest and most readily available forms of actuator because it does not involve oil.
LPI (LP Information)' newest research report, the “Electric Actuator Industry Forecast” looks at past sales and reviews total world Electric Actuator sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Actuator sales for 2023 through 2029. With Electric Actuator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Actuator industry.
This Insight Report provides a comprehensive analysis of the global Electric Actuator lands cape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Actuator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Actuator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Actuator and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electronic Grade Phosphoric Acid.
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The global Electric Actuator market size is projected to grow from US$ 2493.6 million in 2022 to US$ 3245.8 million in 2029; it is expected to grow at a CAGR of 3245.8 from 2023 to 2029.
Global electric actuator key players include LINAK, THK, SMC Corporation, IAI, Parker, etc. Global top five manufacturers hold a share about 40%. Asia-Pacific is the largest market, with a share about 50%, followed by Europe and North America, both have a share about 44 percent. In terms of product, AC Electric Actuator is the largest segment, with a share over 73%. And in terms of application, the largest application is Industrial Equipment, followed by Home, Commercial, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Actuator market by product type, application, key manufacturers and key regions and countries.
Top Manufactures in Global Electric Actuator Includes:
LINAK
THK
SMC Corporation
IAI
Parker
Ewellix
Thomson Industries
TiMOTION
FESTO
Yamaha
CKD
Kollmorgen
Chiaphua Components
Tsubakimoto Chain
Moteck Electric
Tolomatic
Mindman Industrial
Auma
Rotork
Emerson
Flowserve
Chuanyi
Schiebel
Changzhou Power Station Auxiliary Equipment Co., LTD
Shanghai Automation Instrument Co., LTD
Surpass
Wenzhou RICH Measure and Control Equipment Co.,Ltd
YANGZHOU HENGCHUN ELECTRONICS CO., LTD.
TFL
Actuators Co., Ltd. Yangzhou Aotuo Ke
BERNARD CONTROLS
Koei Industry
Tomoe
ABB
Market Segment by Type, covers:
Straight Stroke Electric Actuator
Multi-rotary Electric Actuator
Partial Rotary Electric Actuator
Market Segment by Applications, can be divided into:
Petrochemical
General Industrial
Electric Power
Water Treatment
Others
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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