PUBLISHER: QYResearch | PRODUCT CODE: 1872158
PUBLISHER: QYResearch | PRODUCT CODE: 1872158
The global market for Electric Actuator was estimated to be worth US$ 3033 million in 2024 and is forecast to a readjusted size of US$ 3694 million by 2031 with a CAGR of 2.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Electric Actuator cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
An electric actuator is a device that uses electrical energy to produce mechanical movement. It is typically used in systems that require precise control and automation. Electric actuators convert electrical energy (usually from motors or solenoids) into linear or rotary motion to perform tasks such as opening valves, adjusting position, or driving mechanical components in various applications.
The electric actuator market has been growing rapidly due to advancements in automation, energy efficiency, and demand for precision control in various industries. Electric actuators are increasingly being adopted across sectors such as manufacturing, automotive, aerospace, robotics, energy, and healthcare. As industries continue to move towards digitalization and automation, the need for electric actuators to facilitate these transformations is rising. Below is an overview of the electric actuator market, its key drivers, challenges, and trends. The growing trend of industrial automation and smart factories is one of the primary factors driving the electric actuator market. Electric actuators are integral components in automation systems, allowing for precise movement and control, often integrated with sensors, controllers, and other automation technologies. Electric actuators are more energy-efficient compared to pneumatic and hydraulic actuators, especially in systems where precise control is needed. As industries push for greater energy efficiency and sustainability, electric actuators become a preferred option. Continued innovations in materials, design, and controller systems have improved the performance and capabilities of electric actuators. These include more compact designs, higher force capabilities, and the ability to handle harsher environments, broadening their use in a variety of applications. The integration of electric actuators into smart, connected systems (through IoT technologies) allows for real-time monitoring and remote control. This trend is especially prominent in industries like HVAC, automotive, and smart homes. The renewable energy sector, particularly wind and solar power, increasingly relies on electric actuators for turbine and panel positioning, energy storage systems, and grid integration. As renewable energy adoption grows, so does the demand for actuators in these applications. As urbanization increases, particularly in emerging economies, there is rising demand for automation in infrastructure projects, such as smart buildings, water treatment plants, and transportation systems, driving the use of electric actuators.
This report aims to provide a comprehensive presentation of the global market for Electric Actuator, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Electric Actuator by region & country, by Type, and by Application.
The Electric Actuator market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Actuator.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Electric Actuator manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Electric Actuator in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Electric Actuator in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.