An electric actuator is powered by a motor that converts electrical energy into mechanical torque for moving or controlling a mechanism or system. The electrical energy is used to actuate equipment such as multi-turn valves. It is one of the cleanest and most readily available forms of actuator because it does not involve oil.
Electric actuators are sub-branch of actuators which also include hydraulic fluid pressure actuators, or pneumatic pressure actuators, etc.
The market segment by three types- Linear Electric Actuator, Multi-turn Electric Actuator and Quarter-turn Electric Actuator. The applications of Electric Actuator are Oil & Gas, General Industries, Chemical, Power and Other industries. Oil & Gas and General Industries are the main application, which accounts for about 56.51% of total consumption in 2017.
According to this study, over the next five years the Electric Actuator market will register a 4.3% CAGR in terms of revenue, the global market size will reach USD 2680 million by 2024, from USD 2090 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electric Actuator business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Actuator market by product type, application, key manufacturers and key regions and countries.
This study considers the Electric Actuator value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Multi-turn Electric Actuator
Part-Turn Electric Actuator
Linear Electric Actuator
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Power industry
Oil&Gas industry
Chemical industry
General Industries
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Rotork
Auma
Flowserve
ABB
Emerson
BERNARD
CDF
Xiang Long
Tefulong
Hengchun
Chuanyi Automation
SAIC
Raga
Aotuo Ke
Tomoe
PS Automation
Nihon Koso
KOEI
Zhonghuan TIG
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Electric Actuator consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Electric Actuator market by identifying its various subsegments.
Focuses on the key global Electric Actuator manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electric Actuator with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electric Actuator submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
