Global electric actuators market was valued at US$ 844.54 million in 2018 and is expected to reach US$ 1416.33 million by 2029, growing at an estimated CAGR of 5.9% over the forecast period. Increasing adoption of electric actuators in military and defense applications will propel the growth of electric actuators market. As the industrial world is moving more towards precision and high-speed motion control, the demand for electric actuators is rising. These devices have numerous applications in defense in tank elevation adjustment and other military applications. The device which converts electrical energy into mechanical for moving or controlling a system is called as an electric actuator. Electrical energy produced form the actuators will actuate equipment’s like multi turn valves. Oil is not used in electric actuators due to this reason; these types of actuators are considered as one of the cleanest types of actuators.

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There is an increase in demand for automation in marine vessels, the manufacturers that are providing electric actuators to the marine industry must comply with the changing conditions. There are different applications of electric actuators in the marine vessels, moreover the actuation of these vehicles helps to improve the robustness of engine. These factors will increase the growth of electric actuators market in marine industry. However, high initial cost of setup of electric actuators may hamper the growth of electric actuators market. Actuators which are loosely insulated may not exhibit proper functioning thus, hampering the overall market growth. Moreover, adoption of electric actuators in the robotics and automation will increase the demand for electric actuators market over the forecast period. Electric actuators are widely used in a number of industrial robots for controlling the arm, leg, head and any other attachment, such a factor is anticipated to fuel the growth of electric actuators market over the next eight years.

The report provides both, qualitative and quantitative research of electric actuators market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.

The major market players operating in the electric actuators market include ABB Ltd., Emerson Electric Co., General Electric Co., LINAK AS, Moog Inc., Parker-Hannifin Corp., Rotork Plc, Siemens AG, SMC Corp., and Toshiba Corp amongst others.

Electric Actuators Market:

• By Product Type
  • Linear Actuator
  • Rotary Actuator
• By End Use
  • Automotive Industry
  • Water and Wastewater Industry
  • Marine Industry
  • Aerospace and Defense Industry
  • Other End-Users
• By Geography
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America 

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