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Global Actuator Market 2019-2023

Global Actuator Market 2019-2023

About this market

Technological advancements have led to the development of smart actuators. The implementation of automation in industries have resulted in the increasing use of data analytics which help in identifying different process variables that influence a production process. This have prompted vendors to focus on the development of smart actuators which can be used as field devices. These smart actuators are integrated with sensors and electronic components which enhance their data monitoring and capturing capabilities. Smart actuators can also be linked with robots. For instance, MOOG is offering a lightweight hydraulic smart actuator integrated with control electronics, servo valves, and onboard sensors. Thus, the emerging market of smart actuators is identified as a key trend that will boost the growth of actuator market during the forecast period. Technavio’s analysts have predicted that the actuator market will register a CAGR of almost 6% by 2023.Market Overview

Increased plant safety and regulations in industries

Industrial premises are prone to accidents due to the presence of complex machinery. Industries also cause considerable damage to the environment as they generate and discharge hazardous waste. This have led to the formulation of stringent safety rules and regulations for industries to reduce their emissions and improve safety. End-user industries are demanding high-quality and technologically advanced industrial actuators which help in improving efficiency and reducing emissions. This will boost the growth of the actuator market during the forecast period.

Prevailing fluctuations of raw material prices

Direct material cost comprises of more than half of total cost of manufacturing cost of actuators and valves. Any fluctuations in the prices of raw materials such as copper, stainless steel, aluminum, brass, bronze, and cast iron, affects the profit margins of actuator manufacturers. Since these raw materials are also used by other industries, any change in demand from these industries will impact the raw material price for actuator vendors. This will hamper the growth of the actuator market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the actuator market during 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Emerson Electric, and Flowserve the competitive environment is quite intense. Factors such as the increased plant safety and regulations in industries, will provide considerable growth opportunities to actuator companies. Emerson Electric, Flowserve, ITT, Rotork, SAMSON, and SMC Corporation are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Actuator Market 2019-2023

Technavio recognizes the following companies as the key players in the global actuator market: Emerson Electric, Flowserve, ITT, Rotork, SAMSON, and SMC Corporation.

Commenting on the report, an analyst from Technavio’s team said: “There has been an increasing demand for smart actuators which have improved data capturing and monitoring capabilities. This will drive the growth of the actuator market during the forecast period.”

According to the report, one of the major drivers for this market is the increased plant safety and regulations in industries. This have created a demand for high-quality actuators from process industries and boosted the growth of the actuators market.

Further, the report states that one of the major factors hindering the growth of this market is the prevailing fluctuations of raw material prices. This instability in the prices of raw material affects the profit margins of actuator companies and thereby hampers market growth.

Companies Mentioned

Emerson Electric

Flowserve

ITT

Rotork

SAMSON

SMC Corporation

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global valves and actuators market
      • Table Segments of global valves and actuators market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Electric - Market size and forecast 2018-2023
      • Table Electric - Market size and forecast 2018-2023 ($ millions)
      • Table Electric - Year-over-year growth 2019-2023 (%)
    • Pneumatic - Market size and forecast 2018-2023
      • Table Pneumatic - Market size and forecast 2018-2023 ($ millions)
      • Table Pneumatic - Year-over-year growth 2019-2023 (%)
    • Hydraulic - Market size and forecast 2018-2023
      • Table Hydraulic - Market size and forecast 2018-2023 ($ millions)
      • Table Hydraulic - Year-over-year growth 2019-2023 (%)
    • Mechanical - Market size and forecast 2018-2023
      • Table Mechanical - Market size and forecast 2018-2023 ($ millions)
      • Table Mechanical - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Oil and gas - Market size and forecast 2018-2023
      • Table Oil and gas - Market size and forecast 2018-2023 ($ millions)
      • Table Oil and gas - Year-over-year growth 2019-2023 (%)
    • Chemical - Market size and forecast 2018-2023
      • Table Chemical - Market size and forecast 2018-2023 ($ millions)
      • Table Chemical - Year-over-year growth 2019-2023 (%)
    • Power - Market size and forecast 2018-2023
      • Table Power - Market size and forecast 2018-2023 ($ millions)
      • Table Power - Year-over-year growth 2019-2023 (%)
    • W&WW - Market size and forecast 2018-2023
      • Table W&WW - Market size and forecast 2018-2023 ($ millions)
      • Table W&WW - Year-over-year growth 2019-2023 (%)
    • Metals - Market size and forecast 2018-2023
      • Table Metals - Market size and forecast 2018-2023 ($ millions)
      • Table Metals - Year-over-year growth 2019-2023 (%)
    • Others* - Market size and forecast 2018-2023
      • Table Others* - Market size and forecast 2018-2023 ($ millions)
      • Table Others* - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
      • Table Top 3 countries in EMEA
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
      • Table Top 3 countries in APAC
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
      • Table Top 3 countries in Americas
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Changes in stainless steel 316 prices (%)
      • Table Changes in Copper prices (%)
      • Table Impact of drivers and challenges
  • Market Trends
    • Emerging smart actuators
    • Development of valve positioner technology
    • Rising remote control solutions for actuators
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Emerson Electric
      • Table Emerson Electric - Vendor overview
      • Table Emerson Electric - Business segments
      • Table Emerson Electric - Organizational developments
      • Table Emerson Electric - Geographic focus
      • Table Emerson Electric - Segment focus
      • Table Emerson Electric - Key offerings
    • Flowserve
      • Table Flowserve - Vendor overview
      • Table Flowserve - Business segments
      • Table Flowserve - Organizational developments
      • Table Flowserve - Geographic focus
      • Table Flowserve - Segment focus
      • Table Flowserve - Key offerings
    • ITT
      • Table ITT - Vendor overview
      • Table ITT - Business segments
      • Table ITT - Organizational developments
      • Table ITT - Geographic focus
      • Table ITT - Segment focus
      • Table ITT - Key offerings
    • Rotork
      • Table Rotork - Vendor overview
      • Table Rotork - Business segments
      • Table Rotork - Organizational developments
      • Table Rotork - Geographic focus
      • Table Rotork - Segment focus
      • Table Rotork - Key offerings
    • SAMSON
      • Table SAMSON - Vendor overview
      • Table SAMSON - Organizational developments
      • Table SAMSON - Key offerings
    • SMC Corporation
      • Table SMC Corporation - Vendor overview
      • Table SMC Corporation - Organizational developments
      • Table SMC Corporation- Geographic focus
      • Table SMC Corporation - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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