NEW YORK, Sept. 11, 2019 /PRNewswire/ --
Global Electric Actuators Market: About this market
This electric actuators market analysis considers sales from both
linear actuators and rotary actuators . Our analysis also considers
the sales of electric actuators in APAC, Europe, North
America, South America, and
MEA. In 2018, the linear actuators segment had a significant market
share, and this trend is expected to continue over the forecast
period. Factors such as precise control of speed, acceleration,
position, and torque will play a significant role in the linear
actuators segment to maintain its market position. Also, our global
electric actuators market report looks at factors such as growing
demand for commercial and defense aircraft, increasing use of
electric actuator in industrial robots and automation, and growing
demand for smart actuators. However, the risk from faulty and
loosely insulated electric actuators and their malfunctions,
fluctuating raw material prices, and high initial set up cost for
end-users of electric actuators may hamper the growth of the
electric actuators industry over the forecast period.
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Global Electric Actuators Market: Overview
Growing demand for commercial and defense aircraft
The demand for commercial and defense aircraft fleet is increasing
globally due to increasing air passenger traffic. Electric
actuators also reduce the burden on maintenance personnel as they
are more reliable compared to conventional actuators. Electric
actuators are a cost cost-effective and viable alternative solution
instead of existing hydraulic and pneumatic actuator systems in
commercial and defense aircraft. This helps in improving the
performance and provide accurate control and faster reaction time.
For instance, United Airlines recently announced its plans to
include 40 new mainline aircraft to its fleet. This will lead to
the expansion of the global electric actuators market at a CAGR of
almost 7% during the forecast period.
Growing use of electric actuators in smart homes
Electric actuators will be used in smart homes in applications such
as providing linear motion for objects including recliners, blinds,
pergolas, sit-stand desks, and kitchen appliances. For example,
electric actuators are used in sit-stand desks to adjust the
height. Therefore, the growth in the number of smart homes is
expected to have a positive impact on the global electric actuators
market growth.
Competitive Landscape
With the presence of several major players, the global electric
actuators market is fragmented. This robust vendor analysis is
designed to help clients improve their market position, and in line
with this, this report provides a detailed analysis of several
leading electric actuators manufacturers, that include ABB Ltd.,
Emerson Electric Co., General Electric Co., LINAK AS, Moog Inc.,
Parker-Hannifin Corp., Rotork Plc, Siemens AG, SMC Corp., Toshiba
Corp.
Also, the electric actuators market analysis report includes
information on upcoming trends and challenges that will influence
market growth. This is to help companies strategize and leverage on
all forthcoming growth opportunities.
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