Actuators Market Growth, Outlook, Trends, Report by 2026

Actuators Market Size, Growth, Analysis, Top Companies Share, Outlook, Trends, and Forecast Report by 2026

by Jaswanth D

According to the latest report by IMARC Group, titled “Actuators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global actuators market witnessed moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 8% during 2021-2026.

Actuators Market Overview:

An actuator is an essential component for controlling the movement and mechanism of a system. It assists with the automation of a variety of industrial processes, primarily loading, transportation, and unloading. The use of actuators allows for the highest degree of precision, regulation of motion, customization of speed, and risk minimization for workers. It is powered by an external source of energy, such as electricity, hydraulic fluid pressure or pneumatic pressure, which is then converted to mechanical energy.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Actuators Market Trends:

The market is primarily driven by the rising need for industrial automation. This can be attributed to the continual technological advancements in robotics, artificial intelligence (AI), the internet of things (IoT), and machine learning (ML). In addition to this, escalating product demand in numerous end-use industries, primarily oil and gas, automotive, and aerospace, are also fueling the market growth.

The market is further driven by the rapid product utilization in a wide range of medical devices and equipment. Some of the other factors creating a positive market outlook include a considerable rise in new aircraft production, rapid industrialization and extensive research and development (R&D) activities conducted by key players.

Explore Full Report with TOC & List of Figures:

Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Rockwell Automation, Inc.
  • Moog Inc.
  • Emerson Electric Co.
  • ABB Ltd.
  • SMC Corporation
  • IMI plc
  • Flowserve Corporation
  • Altra Industrial Motion Corporation
  • Cedrat Technologies
  • DVG Automation S.p.A.
  • Festo Corporation
  • MISUMI Group Inc.
  • Harmonic Drive, LLC
  • Kinitics Automation Limited
  • Venture MFG. Co

Key Market Segmentation Breakup by:

Production Method:

  • Linear Actuators
    • Rod Type
    • Screw Type
    • Belt Type
  • Rotary Actuators
    • Motors
    • Bladder and Vane
    • Piston Type


  • Electric
  • Pneumatic
  • Hydraulic
  • Mechanical
  • Others

End Use Industry:

  • Oil and Gas
  • Power Generation
  • Chemicals
  • Food and Beverages
  • Metals and Mining
  • Automotive
  • Aerospace and Defense
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Get in Touch with our Expert Team for Inquire or further information:

Key highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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