Electric Actuator for Industrial Machinery Market

The global Electric Actuator for Industrial Machinery market was valued at 1178 Million USD in 2021 and will grow with a CAGR of 3.21% from 2021 to 2027, based on Research newly published report.

The prime objective of Electric Actuator for Industrial Machinery Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Electric Actuator for Industrial Machinery Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

An electric actuator is powered by a motor that converts electrical energy into mechanical torque for moving or controlling a mechanism or system. It is one of the cleanest and most readily available forms of actuator because it does not involve oil. Electric Actuator for Industrial Machinery Market studies the Electric Actuator for Industrial Machinery. For the major players of Electric Actuator for Industrial Machinery, THK is estimated to maintain the first place in the ranking in 2019.

Followed by SMC Corporation, IAI, LINAK and FESTO. Top 5 players are estimated to account for over 60% of the Global Electric Actuator for Industrial Machinery revenue market share in 2019. In this study, the sales market for Electric Actuator for Industrial Machinery was divided into five geographic regions. Asia-Pacific occupied the largest sales market share with over 50% in 2019. It is followed by Europe and North America. Other regions have smaller market. On the basis of product type, AC Electric Actuator segment is projected to account for the largest sales volume market share during the forecast period; this segment was estimated to account for 66% share in 2019 in terms of volume. In the applications, Industrial Manufacturing Machinery segment was estimated to account for the highest market share of 51% in 2019.

By Market Verdors:

• THK
• SMC Corporation
• IAI
• LINAK
• FESTO
• Yamaha
• Ewellix
• TiMOTION
• Parker

By Types:

• DC Electric Actuator
• AC Electric Actuator

By Applications:

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• Heavy Machinery
• Industrial Manufacturing Machinery

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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