Rotary Actuators Market Size shall reach a value of $94.61 Billion in 2027, growing with a CAGR of 8.6% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Rotary actuators are devices used for monitoring and supervision of industrial automation techniques in which raw materials are refined and transformed into final products. Manufacturers are progressively incorporating rotary actuators into their assembly units, to improve production efficiency.
Rotary actuators are largely used in different end-user industries including semiconductors, packaging, and aerospace & defense. Additionally, these actuators are used in the oil & gas sector to minimize maintenance and operating costs. The oil and gas industry mainly involves a hierarchy when choosing systems. Electrical actuators are being utilized with greater frequency because electricity is most times simpler to bring to a valve compared to both air and hydraulic pressure.
A rotary actuator produces a torque or rotary motion. The simplest actuator is solely automated, where linear motion in a direction offers rise to rotation. The most established actuators are electrically powered, while others may be powered hydraulically, or pneumatically.
Rotary Actuators Market Growth and Trends
Drivers :
• The rotary actuator is mainly used for producing torque.
• As it has high force capability and mechanical stiffness, it is used for high torque and heavy duty motion application.
• Rotary Actuators are mainly seen in the manufacturing units of semiconductors, aerospace and oil & gas industries.
• The rotary actuator market is concentrated by the presence of a few vendors.
• The advanced manufacturing sector notices a positive impact on the rotary actuator market during the forecast period.
• One of its component, Servo-motors is adapted in precise position control application.
• Maximum application of servo-motor includes conveyor belts, robotics, antenna positioning, spinning machines in textiles and camera auto-focus.
• Rotary actuator figures the monitoring and control of industrial automation processes in which raw materials are processed and transform into final product.
• Manufacturers are gradually installing rotary actuators into their assembly units in order to include the production process and its efficiency.
• Product-wise the global rotary actuators market can be classified as Pneumatic Rotary Actuators, Hydraulic Rotary Actuators&Electric Rotary Actuators.
• Application-wise, it can be classified as Construction, Metals & Mining, Oil & Gas, Industrial and Agriculture
• The global Rotary Actuator market is anticipated to rise at a considerable rate during the forecast period. With the adoption of strategies by the key players world-wide, in 2020 alone the market was growing at a steady rate.It is further expected that the market would rise over the projected horizon.
Restraints :
• Fluctuation in raw material prices has a negative effect on the production of rotary actuators
• Any instability regarding the prices of raw materials has an adverse effect on the production cost.
• In a highly competitive environment, vendors are eager to offer their final product at a competitive price without expecting any additional price from the customer. This results in the low margin of their profit.
• Hence, fluctuating raw material prices restrain the manufacturers from going into a full swing production of rotary actuatorsaffecting the market adversely.
• Moreover, emerging industry 4.0 is set to offer lucrative growth prospects for players of the rotary actuator market in near future.
Rotary Actuators Market Regional Analysis
Rotary Actuators Market Share and Competition
Key companies operating in this industry are: Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, Rotork plc, and SMC Corporation. Similar industries in this domain that is growing at a high CAGR include Pneumatic actuators Market and Industrial Valves and Actuators Market.
Rotary Actuators Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2020 - 2027)
• Pneumatic Rotary Actuators
• Hydraulic Rotary Actuators
• Electric Rotary Actuators
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Construction
• Metals & Mining
• Oil & Gas
• Industrial
• Agriculture
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Rotary Actuators Market Companies
• Curtiss-Wright Corporation
• Emerson Electric Co.
• Flowserve Corporation
• Rotork plc
• SMC Corporation
Available Versions: -
United States Rotary Actuators Market Research Report
Europe Rotary Actuators Market Research Report
Asia Pacific Rotary Actuators Market Research Report
India Rotary Actuators Market Research Report
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