In this report, the Global Electric Actuator market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Electric Actuator market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
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.
Market Analysis and Insights: Global Electric Actuator Market
In 2019, the global Electric Actuator market size was US$ 2516.7 million and it is expected to reach US$ 3390.5 million by the end of 2026, with a CAGR of 4.3% during 2021-2026.
Global Electric Actuator Scope and Market Size
Electric Actuator market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Electric Actuator market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Electric Actuator market is segmented into
Linear Electric Actuator
Multi-turn Electric Actuator
Quarter-turn Electric Actuator
Segment by Application, the Electric Actuator market is segmented into
Oil & Gas
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Electric Actuator Market Share Analysis
Electric Actuator market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Electric Actuator product introduction, recent developments, Electric Actuator sales by region, type, application and by sales channel.
The major companies include:
Reasons to Buy This Research Report
- Complete access to Global Electric Actuator market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Electric Actuator markets including North America, Europe, MEA and Asia Pacific
- Global Electric Actuator Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Electric Actuator market segmentation
- Key trends, drivers and restraints for global Global Electric Actuator market
- Challenges to market growth for Global Electric Actuator manufacturers
- Key market opportunities of Global Electric Actuator Industry
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