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Electric Actuators Market by End-users, Type, and Geography - Global Forecast and Analysis 2019-2023

Global Electric Actuators Market: About this market

Technavio’s electric actuators market analysis considers sales from both linear actuators and rotary actuators . Our analysis also considers the sales of electric actuators in APAC, Europe, North America, South America, and MEA. In 2018, the linear actuators segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as precise control of speed, acceleration, position, and torque will play a significant role in the linear actuators segment to maintain its market position. Also, our global electric actuators market report looks at factors such as growing demand for commercial and defense aircraft, increasing use of electric actuator in industrial robots and automation, and growing demand for smart actuators. However, the risk from faulty and loosely insulated electric actuators and their malfunctions, fluctuating raw material prices, and high initial set up cost for end-users of electric actuators may hamper the growth of the electric actuators industry over the forecast period.

Global Electric Actuators Market: Overview

Growing demand for commercial and defense aircraft

The demand for commercial and defense aircraft fleet is increasing globally due to increasing air passenger traffic. Electric actuators also reduce the burden on maintenance personnel as they are more reliable compared to conventional actuators. Electric actuators are a cost cost-effective and viable alternative solution instead of existing hydraulic and pneumatic actuator systems in commercial and defense aircraft. This helps in improving the performance and provide accurate control and faster reaction time. For instance, United Airlines recently announced its plans to include 40 new mainline aircraft to its fleet. This will lead to the expansion of the global electric actuators market at a CAGR of almost 7% during the forecast period.

Growing use of electric actuators in smart homes

Electric actuators will be used in smart homes in applications such as providing linear motion for objects including recliners, blinds, pergolas, sit-stand desks, and kitchen appliances. For example, electric actuators are used in sit-stand desks to adjust the height. Therefore, the growth in the number of smart homes is expected to have a positive impact on the global electric actuators market growth.

For the detailed list of factors that will drive the global electric actuators market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global electric actuators market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric actuators manufacturers, that include ABB Ltd., Emerson Electric Co., General Electric Co., LINAK AS, Moog Inc., Parker-Hannifin Corp., Rotork Plc, Siemens AG, SMC Corp., Toshiba Corp.

Also, the electric actuators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Automotive industry - Market size and forecast 2018-2023
Water and wastewater industry - Market size and forecast 2018-2023
Marine industry - Market size and forecast 2018-2023
Aerospace and defense industry - Market size and forecast 2018-2023
Others - Market size and forecast 2018-2023
Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY TYPE
Market segmentation by type
Comparison by type
Linear actuators - Market size and forecast 2018-2023
Rotary actuators - Market size and forecast 2018-2023
Market opportunity by type
PART 09: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
North America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 12: MARKET TRENDS
Increased benefits of electric actuator over hydraulic or pneumatic actuator
Growing use of electric actuator in smart homes
Increasing demand from renewable energy sources
PART 13: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 14: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
ABB Ltd.
Emerson Electric Co.
General Electric Co.
LINAK AS
Moog Inc.
Parker-Hannifin Corp.
Rotork Plc
Siemens AG
SMC Corp.
Toshiba Corp.
PART 15: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
Exhibit 01: Vendors: Key product offerings
Exhibit 02: Global electrical equipment market
Exhibit 03: Segments of global electrical equipment market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: End-user - Market share 2018-2023 (%)
Exhibit 19: Comparison by end-user
Exhibit 20: Automotive industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Automotive industry - Year-over-year growth 2019-2023 (%)
Exhibit 22: Water and wastewater industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Water and wastewater industry - Year-over-year growth 2019-2023 (%)
Exhibit 24: Marine industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Marine industry - Year-over-year growth 2019-2023 (%)
Exhibit 26: Aerospace and defense industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Aerospace and defense industry - Year-over-year growth 2019-2023 (%)
Exhibit 28: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: Others - Year-over-year growth 2019-2023 (%)
Exhibit 30: Market opportunity by end-user
Exhibit 31: Customer landscape
Exhibit 32: Type - Market share 2018-2023 (%)
Exhibit 33: Comparison by type
Exhibit 34: Linear actuators - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: Linear actuators - Year-over-year growth 2019-2023 (%)
Exhibit 36: Rotary actuators - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: Rotary actuators - Year-over-year growth 2019-2023 (%)
Exhibit 38: Market opportunity by type
Exhibit 39: Market share by geography 2018-2023 (%)
Exhibit 40: Geographic comparison
Exhibit 41: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 42: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 43: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 44: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 45: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 46: North America - Year-over-year growth 2019-2023 (%)
Exhibit 47: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 48: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 49: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 50: South America - Year-over-year growth 2019-2023 (%)
Exhibit 51: Key leading countries
Exhibit 52: Market opportunity
Exhibit 53: Growth rate of aluminum price 2012-2019 (%)
Exhibit 54: Growth rate of copper price 2012-2019 (%)
Exhibit 55: Impact of drivers and challenges
Exhibit 56: Vendor landscape
Exhibit 57: Landscape disruption
Exhibit 58: Vendors covered
Exhibit 59: Vendor classification
Exhibit 60: Market positioning of vendors
Exhibit 61: ABB Ltd. - Vendor overview
Exhibit 62: ABB Ltd. - Business segments
Exhibit 63: ABB Ltd. - Organizational developments
Exhibit 64: ABB Ltd. - Geographic focus
Exhibit 65: ABB Ltd. - Segment focus
Exhibit 66: ABB Ltd. - Key offerings
Exhibit 67: Emerson Electric Co. - Vendor overview
Exhibit 68: Emerson Electric Co. - Business segments
Exhibit 69: Emerson Electric Co. - Organizational developments
Exhibit 70: Emerson Electric Co. - Geographic focus
Exhibit 71: Emerson Electric Co. - Segment focus
Exhibit 72: Emerson Electric Co. - Key offerings
Exhibit 73: General Electric Co. - Vendor overview
Exhibit 74: General Electric Co. - Business segments
Exhibit 75: General Electric Co. - Organizational developments
Exhibit 76: General Electric Co. - Geographic focus
Exhibit 77: General Electric Co. - Segment focus
Exhibit 78: General Electric Co. - Key offerings
Exhibit 79: LINAK AS - Vendor overview
Exhibit 80: LINAK AS - Business segments
Exhibit 81: LINAK AS - Organizational developments
Exhibit 82: LINAK AS - Key offerings
Exhibit 83: Moog Inc. - Vendor overview
Exhibit 84: Moog Inc. - Business segments
Exhibit 85: Moog Inc. - Organizational developments
Exhibit 86: Moog Inc. - Geographic focus
Exhibit 87: Moog Inc. - Segment focus
Exhibit 88: Moog Inc. - Key offerings
Exhibit 89: Parker-Hannifin Corp. - Vendor overview
Exhibit 90: Parker-Hannifin Corp. - Business segments
Exhibit 91: Parker-Hannifin Corp. - Organizational developments
Exhibit 92: Parker-Hannifin Corp. - Geographic focus
Exhibit 93: Parker-Hannifin Corp. - Segment focus
Exhibit 94: Parker-Hannifin Corp. - Key offerings
Exhibit 95: Rotork Plc - Vendor overview
Exhibit 96: Rotork Plc - Business segments
Exhibit 97: Rotork Plc - Organizational developments
Exhibit 98: Rotork Plc - Geographic focus
Exhibit 99: Rotork Plc - Segment focus
Exhibit 100: Rotork Plc - Key offerings
Exhibit 101: Siemens AG - Vendor overview
Exhibit 102: Siemens AG - Business segments
Exhibit 103: Siemens AG - Organizational developments
Exhibit 104: Siemens AG - Geographic focus
Exhibit 105: Siemens AG - Segment focus
Exhibit 106: Siemens AG - Key offerings
Exhibit 107: SMC Corp. - Vendor overview
Exhibit 108: SMC Corp. - Business segments
Exhibit 109: SMC Corp. - Organizational developments
Exhibit 110: SMC Corp. - Geographic focus
Exhibit 111: SMC Corp. - Segment focus
Exhibit 112: SMC Corp. - Key offerings
Exhibit 113: Toshiba Corp. - Vendor overview
Exhibit 114: Toshiba Corp. - Business segments
Exhibit 115: Toshiba Corp. - Organizational developments
Exhibit 116: Toshiba Corp. - Geographic focus
Exhibit 117: Toshiba Corp. - Segment focus
Exhibit 118: Toshiba Corp. - Key offerings
Exhibit 119: Validation techniques employed for market sizing
Exhibit 120: Definition of market positioning of vendors

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