Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Rotary Actuators market is expected to register a phenomenal CAGR of 5.3% during the review period (2022 to 2027).
Rotary Actuators Market Overview
Industries today rely on automated processes & machinery due to their excellent performance and less need for human intervention. Actuators play a vital role in the functioning of such automated equipment. They also help in controlling the motion of the system, thereby ensuring a seamless and easy operation. With the increased demand for automation and increased productivity and efficiency of several industrial processes, there has also been an increase in demand for actuators systems.Rotary actuators are used for monitoring and control of industrial automation processes in which raw materials are processed and transformed into final products. Manufacturers are increasingly incorporating rotary actuators into their assembly units in order to improve the production process and its efficiency. Rotary actuators are widely used in various end-user industries including packaging, semiconductors, and aerospace & defense. In addition, these actuators are used in gas turbines in the oil & gas sector in order to minimize operating and maintenance costs. Thus, growth of industrial automation is anticipated to drive the rotary actuators market in the next few years.
Recent Development
CML Proclaims Ultra-slim, High Precision Rotary Actuator - Cambridge Mechatronics Ltd (CML) the world leader in the development of Shape Memory Alloy (SMA) actuators has established a new ultra-slim, high precision rotary actuator product. The actuator characteristics include lightweight design, two thousand step positions per revolution and it is completely non-magnetic so can operate in areas of high magnetic flux that might otherwise exclude conventional motor technologies. With a low profile of around 1mm, it can be used in the most space-constrained applications
In May 2020, AUMA launched high-performance PROFOX actuator series with advanced features. It has built-in intelligence, low operating costs, high mechanical efficiency, compact design. It is suitable for various industries such as combined heat and power plants, process industries, shipbuilding, and water treatment.
What are the major Applications, Types and Regions for Rotary Actuators Market?
By Type, it is segmented into
- Single-cylinder Hydraulic Rotary Actuators
- Multi-cylinders Hydraulic Rotary Actuators
- Others
By Applications, it is segmented into
- Construction
- Oil & Gas
- Metal & Mining
- Agriculture
- Industrial
Rotary Actuators Market Regional Analysis
All these factors greatly affect the Rotary Actuators market growth. It further aims at providing a complete overview on a detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
Asia-Pacific is anticipated to witness a higher growth rate during the forecast period due to increasing investments for implementing automation by several countries such as China, Japan, along with the development of technologically advanced rotary actuators leading to rising adoption of these devices in several industries.
What is our Rotary Actuators Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.3% during the review period (2022 to 2027).
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By Type
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- Single-cylinder Hydraulic Rotary Actuators
- Multi-cylinders Hydraulic Rotary Actuators
- Others
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By Application
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- Construction
- Oil & Gas
- Metal & Mining
- Agriculture
- Industrial
- Others
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By Companies
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Parker Hannifin, PHD, Helac Corporation, Rotork, Exlar, Moog, Flowserve, Pentair, Bosch Rexroth, SMC Corporation, Micromatic, Eckart, HKS Dreh-Antriebe, Rotomation, Rima Group and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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184
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Rotary Actuators Report
- Evaluate Rotary Actuators market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Rotary Actuators market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Rotary Actuators Market is studied from 2017 - 2027.
What is the growth rate of Rotary Actuators Market?
The Rotary Actuators Market is growing at a CAGR of 5.3% over the next 5 years.
What regions does this Rotary Actuators Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.