Electric Actuators Market 2023 Global Demand and Emerging Trends by 2030- ABB Ltd., Emerson Electric Co., General Electric Co., LINAK AS, Moog Inc., Parker-Hannifin Corp., Rotork Plc
A New Report by Absolute Markets Insights offers extensive Global Electric Actuators Market assessments considering the importance, projections and offers comprehensive, strategic life choice data identification and effectively provide a high degree of industrial clarity. The study offers key drivers that drive the growth in the Electric Actuators Market. Insights in this report help market players in planning strategies to gain market presence. The research also outlines restraints of the market along with opportunities mentioned to assist market players in taking further steps by determining potential in untapped regions.
Key Players Influencing the Electric Actuators Market: ABB Ltd., Emerson Electric Co., General Electric Co., LINAK AS, Moog Inc., Parker-Hannifin Corp., Rotork Plc, Siemens AG, SMC Corp., and Toshiba Corp
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Global electric actuators market was valued at US$ 844.54 million in 2023 and is expected to reach US$ 1416.33 million by 2030, growing at an estimated CAGR of 5.9% over the forecast period.
The report covers key developments in the Electric Actuators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players are anticipated to lucrative growth opportunities in the future with the rising demand for Electric Actuators market in the global market. The report also provides exhaustive PEST analysis for all regions considered in the Global Electric Actuators Market Report.
The study has classified the market into segments including product type, application & more. Every segment is evaluated based on share and growth rate. Besides, the analysts have studied the potential regions that may prove rewarding for the manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall industry. Besides segmental breakdown, the report is highly structured into a region-wise study. The researchers’ regional analysis highlights key regions and their dominating countries accounting for substantial revenue share in the Electric Actuators market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR.
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Study Objectives of this Report:
- Detailed overview of market.
- Changing market dynamics of the industry.
- In-depth market segmentation by Type, Application etc.
- Historical, current and projected market size in terms of volume and value.
- Recent industry trends and developments.
- Competitive landscape of market.
- Strategies of key players and product offerings.
- Potential and niche segments/regions exhibiting promising growth.
- A neutral perspective towards market performance.
- Market players’ information to sustain and enhance their footprint.
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Global 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
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