Global Electric Actuator Market By Type (Linear Actuators, Rotary Actuators), By Industry Vertical (Oil & Gas, Energy and Power, Automotive, Aerospace and Defense, Water & Wastewater), By Region (North America (U.S., Canada, Mexico, Rest Of North America), Europe (France, The UK, Spain, Germany, Italy, Denmark, Finland, Iceland, Sweden, Norway, Belgium, The Netherlands, Luxembourg, Rest of Europe), Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia, Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa) Latin America (Brazil, Argentina, Rest of Latin America)) - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2023 – 2031

Report ID :AMI-1623 | Category : Semiconductor & Electronics | Published Date : August, 2023 | Pages : 402 | Format :PDF

Global Electric Actuator Market Registered for US$ 19.7 Bn in 2022, Projected to Grow at an Estimated CAGR of 7.3% from 2023- 2031.

An electric actuator is a device that is used to convert electrical energy into mechanical motion. It plays a crucial role in various industries, including manufacturing, automation, and robotics. The actuator consists of an electric motor, a gear mechanism, and a drive train, all housed in a compact enclosure. When an electrical current is applied to the actuator, the motor rotates, and the mechanical components work together to produce linear or rotary motion. Electric actuators offer precise control, quick response times, and can be remotely operated, making them ideal for applications where accuracy and automation are essential. They find use in valve control, damper systems, conveyor belts, robotics, and other mechanisms, enhancing efficiency and productivity in a wide range of processes and systems. Linear actuators are currently dominating the market due to their wide range of applications and increasing adoption in diverse industries. These are the devices that convert electrical energy into linear motion. They are widely used in various applications that require linear movement, such as in industrial automation, automotive, aerospace, and medical equipment. The demand for linear actuators was significant due to their versatility, precise control, and ability to move in a straight line.

Global Electric Actuator Market Revenue & Forecast, (US$ Million), 2015 – 2031

The increasing adoption of automation and industrialization across various sectors is a key driver of the electric actuator market. Industries are embracing automation to enhance productivity, efficiency, and precision in their operations. Electric actuators play a vital role in this trend, offering accurate and reliable motion control solutions. They enable smooth and precise movement in automated systems, leading to improved process control and reduced human intervention. One significant restraint in the electric actuator market is the relatively high initial costs of these devices. Electric actuators may involve higher upfront investments compared to traditional manual or pneumatic alternatives. These costs can deter price-sensitive industries or smaller businesses from adopting electric actuator solutions, especially in regions with budget constraints. However, the potential long-term benefits in terms of increased productivity, reduced maintenance, and improved performance often outweigh the initial costs, making electric actuators an attractive choice for certain applications.

The oil & gas industry has been a dominant consumer of electric actuators. These actuators find extensive use in various applications within the sector, including valve control, wellhead automation, and pipeline operations. The demand is driven by the industry's need for precise and reliable motion control solutions in harsh and challenging environments.

North America dominates the global electric actuator market. The region's dominance can be attributed to its robust industrial base, technological advancements, and the presence of major players in the automation and manufacturing sectors. North America's focus on energy efficiency and automation has driven the demand for electric actuators across industries like oil & gas, energy and power, automotive, aerospace and defense, and water & wastewater.

Competitive Landscape

The report provides both, qualitative and quantitative research of global electric actuator market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.

Some of the players operating in the global electric actuator market are

ABB
Actuonix Motion Devices Inc.
AUMA Riester GmbH & Co. KG
Curtiss-Wright Corporation
Emerson Electric Co.
Ewellix (SKF Motion Technologies)
Flowserve Corporation
General Electric
Moog Inc
Rotork
Other Industry Participants

Global Electric Actuator Market

By Type

Linear Actuators
Rotary Actuators

By Industry Vertical

Oil & Gas
Energy and Power
Automotive
Aerospace and Defense
Water & Wastewater
Others

By Region

North America (U.S., Canada, Mexico, Rest of North America)
Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
Latin America (Brazil, Argentina, Rest of Latin America)

Table of Contents

1. Market Scope

1.1. Market Segmentation

1.2. Years Considered

1.2.1. Historic Years: 2015 - 2021

1.2.2. Base Year: 2022

1.2.3. Forecast Years: 2023 – 2031

2. Key Target Audiences

3. Research Methodology

3.1. Primary Research

3.1.1. Research Questionnaire

3.1.2. Global Percentage Breakdown

3.1.3. Primary Interviews: Key Opinion Leaders (KOLs)

3.2. Secondary Research

3.2.1. Paid Databases

3.2.2. Secondary Sources

3.3. Market Size Estimates

3.3.1. Top-Down Approach

3.3.2. Bottom-Up Approach

3.4. Data Triangulation Methodology

3.5. Research Assumptions

4. Recommendations and Insights from AMI’s Perspective**

5. Holistic Overview of Electric Actuator Market

6. Market Synopsis: Electric Actuator Market

7. Electric Actuator Market Analysis: Qualitative Perspective

7.1. Introduction

7.1.1. Product Definition

7.1.2. Industry Development

7.2. Market Dynamics

7.2.1. Drivers

7.2.2. Restraints

7.2.3. Opportunities

7.2.4. Challenges

7.3. Trends in Electric Actuator Market

7.4. Market Determinants Radar Chart

7.5. Macro-Economic and Micro-Economic Indicators: Electric Actuator Market

7.6. Porter’s Five Force Analysis

7.7. Impact of Covid-19 on Electric Actuator Market

7.8. PESTEL Analysis

8. Global Electric Actuator Market Analysis and Forecasts, 2023 - 2031

8.1. Overview

8.1.1. Global Electric Actuator Market Revenue (US$ Mn)

8.2. Global Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

8.2.1. Linear Actuators

8.2.1.1. Definition

8.2.1.2. Market Estimation and Penetration, 2015 - 2022

8.2.1.3. Market Forecast, 2023 - 2031

8.2.1.4. Compound Annual Growth Rate (CAGR)

8.2.1.5. Regional Bifurcation

8.2.1.5.1. North America

8.2.1.5.1.1. Market Estimation, 2015 - 2022

8.2.1.5.1.2. Market Forecast, 2023 - 2031

8.2.1.5.2. Europe

8.2.1.5.2.1. Market Estimation, 2015 - 2022

8.2.1.5.2.2. Market Forecast, 2023 - 2031

8.2.1.5.3. Asia Pacific

8.2.1.5.3.1. Market Estimation, 2015 - 2022

8.2.1.5.3.2. Market Forecast, 2023 - 2031

8.2.1.5.4. Middle East and Africa

8.2.1.5.4.1. Market Estimation, 2015 - 2022

8.2.1.5.4.2. Market Forecast, 2023 - 2031

8.2.1.5.5. Latin America

8.2.1.5.5.1. Market Estimation, 2015 - 2022

8.2.1.5.5.2. Market Forecast, 2023 - 2031

8.2.2. Rotary Actuators

8.2.2.1. Definition

8.2.2.2. Market Estimation and Penetration, 2015 - 2022

8.2.2.3. Market Forecast, 2023 - 2031

8.2.2.4. Compound Annual Growth Rate (CAGR)

8.2.2.5. Regional Bifurcation

8.2.2.5.1. North America

8.2.2.5.1.1. Market Estimation, 2015 - 2022

8.2.2.5.1.2. Market Forecast, 2023 - 2031

8.2.2.5.2. Europe

8.2.2.5.2.1. Market Estimation, 2015 - 2022

8.2.2.5.2.2. Market Forecast, 2023 - 2031

8.2.2.5.3. Asia Pacific

8.2.2.5.3.1. Market Estimation, 2015 - 2022

8.2.2.5.3.2. Market Forecast, 2023 - 2031

8.2.2.5.4. Middle East and Africa

8.2.2.5.4.1. Market Estimation, 2015 - 2022

8.2.2.5.4.2. Market Forecast, 2023 - 2031

8.2.2.5.5. Latin America

8.2.2.5.5.1. Market Estimation, 2015 - 2022

8.2.2.5.5.2. Market Forecast, 2023 - 2031

8.3. Key Segment for Channeling Investments

8.3.1. By Type

9. Global Electric Actuator Market Analysis and Forecasts, 2023 - 2031

9.1. Overview

9.2. Global Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

9.2.1. Oil and Gas

9.2.1.1. Definition

9.2.1.2. Market Estimation and Penetration, 2015 - 2022

9.2.1.3. Market Forecast, 2023 - 2031

9.2.1.4. Compound Annual Growth Rate (CAGR)

9.2.1.5. Regional Bifurcation

9.2.1.5.1. North America

9.2.1.5.1.1. Market Estimation, 2015 - 2022

9.2.1.5.1.2. Market Forecast, 2023 - 2031

9.2.1.5.2. Europe

9.2.1.5.2.1. Market Estimation, 2015 - 2022

9.2.1.5.2.2. Market Forecast, 2023 - 2031

9.2.1.5.3. Asia Pacific

9.2.1.5.3.1. Market Estimation, 2015 - 2022

9.2.1.5.3.2. Market Forecast, 2023 - 2031

9.2.1.5.4. Middle East and Africa

9.2.1.5.4.1. Market Estimation, 2015 - 2022

9.2.1.5.4.2. Market Forecast, 2023 - 2031

9.2.1.5.5. Latin America

9.2.1.5.5.1. Market Estimation, 2015 - 2022

9.2.1.5.5.2. Market Forecast, 2023 - 2031

9.2.2. Energy and Power

9.2.2.1. Definition

9.2.2.2. Market Estimation and Penetration, 2015 - 2022

9.2.2.3. Market Forecast, 2023 - 2031

9.2.2.4. Compound Annual Growth Rate (CAGR)

9.2.2.5. Regional Bifurcation

9.2.2.5.1. North America

9.2.2.5.1.1. Market Estimation, 2015 - 2022

9.2.2.5.1.2. Market Forecast, 2023 - 2031

9.2.2.5.2. Europe

9.2.2.5.2.1. Market Estimation, 2015 - 2022

9.2.2.5.2.2. Market Forecast, 2023 - 2031

9.2.2.5.3. Asia Pacific

9.2.2.5.3.1. Market Estimation, 2015 - 2022

9.2.2.5.3.2. Market Forecast, 2023 - 2031

9.2.2.5.4. Middle East and Africa

9.2.2.5.4.1. Market Estimation, 2015 - 2022

9.2.2.5.4.2. Market Forecast, 2023 - 2031

9.2.2.5.5. Latin America

9.2.2.5.5.1. Market Estimation, 2015 - 2022

9.2.2.5.5.2. Market Forecast, 2023 - 2031

9.2.3. Automotive

9.2.3.1. Definition

9.2.3.2. Market Estimation and Penetration, 2015 - 2022

9.2.3.3. Market Forecast, 2023 - 2031

9.2.3.4. Compound Annual Growth Rate (CAGR)

9.2.3.5. Regional Bifurcation

9.2.3.5.1. North America

9.2.3.5.1.1. Market Estimation, 2015 - 2022

9.2.3.5.1.2. Market Forecast, 2023 - 2031

9.2.3.5.2. Europe

9.2.3.5.2.1. Market Estimation, 2015 - 2022

9.2.3.5.2.2. Market Forecast, 2023 - 2031

9.2.3.5.3. Asia Pacific

9.2.3.5.3.1. Market Estimation, 2015 - 2022

9.2.3.5.3.2. Market Forecast, 2023 - 2031

9.2.3.5.4. Middle East and Africa

9.2.3.5.4.1. Market Estimation, 2015 - 2022

9.2.3.5.4.2. Market Forecast, 2023 - 2031

9.2.3.5.5. Latin America

9.2.3.5.5.1. Market Estimation, 2015 - 2022

9.2.3.5.5.2. Market Forecast, 2023 - 2031

9.2.4. Aerospace and Defense

9.2.4.1. Definition

9.2.4.2. Market Estimation and Penetration, 2015 - 2022

9.2.4.3. Market Forecast, 2023 - 2031

9.2.4.4. Compound Annual Growth Rate (CAGR)

9.2.4.5. Regional Bifurcation

9.2.4.5.1. North America

9.2.4.5.1.1. Market Estimation, 2015 - 2022

9.2.4.5.1.2. Market Forecast, 2023 - 2031

9.2.4.5.2. Europe

9.2.4.5.2.1. Market Estimation, 2015 - 2022

9.2.4.5.2.2. Market Forecast, 2023 - 2031

9.2.4.5.3. Asia Pacific

9.2.4.5.3.1. Market Estimation, 2015 - 2022

9.2.4.5.3.2. Market Forecast, 2023 - 2031

9.2.4.5.4. Middle East and Africa

9.2.4.5.4.1. Market Estimation, 2015 - 2022

9.2.4.5.4.2. Market Forecast, 2023 - 2031

9.2.4.5.5. Latin America

9.2.4.5.5.1. Market Estimation, 2015 - 2022

9.2.4.5.5.2. Market Forecast, 2023 - 2031

9.2.5. Water and Wastewater

9.2.5.1. Definition

9.2.5.2. Market Estimation and Penetration, 2015 - 2022

9.2.5.3. Market Forecast, 2023 - 2031

9.2.5.4. Compound Annual Growth Rate (CAGR)

9.2.5.5. Regional Bifurcation

9.2.5.5.1. North America

9.2.5.5.1.1. Market Estimation, 2015 - 2022

9.2.5.5.1.2. Market Forecast, 2023 - 2031

9.2.5.5.2. Europe

9.2.5.5.2.1. Market Estimation, 2015 - 2022

9.2.5.5.2.2. Market Forecast, 2023 - 2031

9.2.5.5.3. Asia Pacific

9.2.5.5.3.1. Market Estimation, 2015 - 2022

9.2.5.5.3.2. Market Forecast, 2023 - 2031

9.2.5.5.4. Middle East and Africa

9.2.5.5.4.1. Market Estimation, 2015 - 2022

9.2.5.5.4.2. Market Forecast, 2023 - 2031

9.2.5.5.5. Latin America

9.2.5.5.5.1. Market Estimation, 2015 - 2022

9.2.5.5.5.2. Market Forecast, 2023 - 2031

9.2.6. Others

9.2.6.1. Definition

9.2.6.2. Market Estimation and Penetration, 2015 - 2022

9.2.6.3. Market Forecast, 2023 - 2031

9.2.6.4. Compound Annual Growth Rate (CAGR)

9.2.6.5. Regional Bifurcation

9.2.6.5.1. North America

9.2.6.5.1.1. Market Estimation, 2015 - 2022

9.2.6.5.1.2. Market Forecast, 2023 - 2031

9.2.6.5.2. Europe

9.2.6.5.2.1. Market Estimation, 2015 - 2022

9.2.6.5.2.2. Market Forecast, 2023 - 2031

9.2.6.5.3. Asia Pacific

9.2.6.5.3.1. Market Estimation, 2015 - 2022

9.2.6.5.3.2. Market Forecast, 2023 - 2031

9.2.6.5.4. Middle East and Africa

9.2.6.5.4.1. Market Estimation, 2015 - 2022

9.2.6.5.4.2. Market Forecast, 2023 - 2031

9.2.6.5.5. Latin America

9.2.6.5.5.1. Market Estimation, 2015 - 2022

9.2.6.5.5.2. Market Forecast, 2023 - 2031

9.3. Key Segment for Channeling Investments

9.3.1. By Industry Vertical

10. North America Electric Actuator Market Analysis and Forecasts, 2023 - 2031

10.1. Overview

10.1.1. North America Electric Actuator Market Revenue (US$ Mn)

10.2. North America Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

10.2.1. Linear Actuators

10.2.2. Rotary Actuators

10.3. North America Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

10.3.1. Oil and Gas

10.3.2. Energy and Power

10.3.3. Automotive

10.3.4. Aerospace and Defense

10.3.5. Water and Wastewater

10.3.6. Others

10.4. North America Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Country

10.4.1. U.S

10.4.1.1. U.S Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

10.4.1.1.1. Linear Actuators

10.4.1.1.2. Rotary Actuators

10.4.1.2. U.S Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

10.4.1.2.1. Oil and Gas

10.4.1.2.2. Energy and Power

10.4.1.2.3. Automotive

10.4.1.2.4. Aerospace and Defense

10.4.1.2.5. Water and Wastewater

10.4.1.2.6. Others

10.4.2. Canada

10.4.2.1. Canada Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

10.4.2.1.1. Linear Actuators

10.4.2.1.2. Rotary Actuators

10.4.2.2. Canada Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

10.4.2.2.1. Oil and Gas

10.4.2.2.2. Energy and Power

10.4.2.2.3. Automotive

10.4.2.2.4. Aerospace and Defense

10.4.2.2.5. Water and Wastewater

10.4.2.2.6. Others

10.4.3. Mexico

10.4.3.1. Mexico Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

10.4.3.1.1. Linear Actuators

10.4.3.1.2. Rotary Actuators

10.4.3.2. Mexico Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

10.4.3.2.1. Oil and Gas

10.4.3.2.2. Energy and Power

10.4.3.2.3. Automotive

10.4.3.2.4. Aerospace and Defense

10.4.3.2.5. Water and Wastewater

10.4.3.2.6. Others

10.4.4. Rest of North America

10.4.4.1. Rest of North America Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

10.4.4.1.1. Linear Actuators

10.4.4.1.2. Rotary Actuators

10.4.4.2. Rest of North America Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

10.4.4.2.1. Oil and Gas

10.4.4.2.2. Energy and Power

10.4.4.2.3. Automotive

10.4.4.2.4. Aerospace and Defense

10.4.4.2.5. Water and Wastewater

10.4.4.2.6. Others

10.5. Key Segment for Channeling Investments

10.5.1. By Country

10.5.2. By Type

10.5.3. By Industry Vertical

11. Europe Electric Actuator Market Analysis and Forecasts, 2023 - 2031

11.1. Overview

11.1.1. Europe Electric Actuator Market Revenue (US$ Mn)

11.2. Europe Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

11.2.1. Linear Actuators

11.2.2. Rotary Actuators

11.3. Europe Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

11.3.1. Oil and Gas

11.3.2. Energy and Power

11.3.3. Automotive

11.3.4. Aerospace and Defense

11.3.5. Water and Wastewater

11.3.6. Others

11.4. Europe Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Country

11.4.1. France

11.4.1.1. France Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

11.4.1.1.1. Linear Actuators

11.4.1.1.2. Rotary Actuators

11.4.1.2. France Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

11.4.1.2.1. Oil and Gas

11.4.1.2.2. Energy and Power

11.4.1.2.3. Automotive

11.4.1.2.4. Aerospace and Defense

11.4.1.2.5. Water and Wastewater

11.4.1.2.6. Others

11.4.2. The UK

11.4.2.1. The UK Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

11.4.2.1.1. Linear Actuators

11.4.2.1.2. Rotary Actuators

11.4.2.2. The UK Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

11.4.2.2.1. Oil and Gas

11.4.2.2.2. Energy and Power

11.4.2.2.3. Automotive

11.4.2.2.4. Aerospace and Defense

11.4.2.2.5. Water and Wastewater

11.4.2.2.6. Others

11.4.3. Spain

11.4.3.1. Spain Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

11.4.3.1.1. Linear Actuators

11.4.3.1.2. Rotary Actuators

11.4.3.2. Spain Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

11.4.3.2.1. Oil and Gas

11.4.3.2.2. Energy and Power

11.4.3.2.3. Automotive

11.4.3.2.4. Aerospace and Defense

11.4.3.2.5. Water and Wastewater

11.4.3.2.6. Others

11.4.4. Germany

11.4.4.1. Germany Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

11.4.4.1.1. Linear Actuators

11.4.4.1.2. Rotary Actuators

11.4.4.2. Germany Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

11.4.4.2.1. Oil and Gas

11.4.4.2.2. Energy and Power

11.4.4.2.3. Automotive

11.4.4.2.4. Aerospace and Defense

11.4.4.2.5. Water and Wastewater

11.4.4.2.6. Others

11.4.5. Italy

11.4.5.1. Italy Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

11.4.5.1.1. Linear Actuators

11.4.5.1.2. Rotary Actuators

11.4.5.2. Italy Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

11.4.5.2.1. Oil and Gas

11.4.5.2.2. Energy and Power

11.4.5.2.3. Automotive

11.4.5.2.4. Aerospace and Defense

11.4.5.2.5. Water and Wastewater

11.4.5.2.6. Others

11.4.6. Nordic Countries

11.4.6.1. Nordic Countries Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

11.4.6.1.1. Linear Actuators

11.4.6.1.2. Rotary Actuators

11.4.6.2. Nordic Countries Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

11.4.6.2.1. Oil and Gas

11.4.6.2.2. Energy and Power

11.4.6.2.3. Automotive

11.4.6.2.4. Aerospace and Defense

11.4.6.2.5. Water and Wastewater

11.4.6.2.6. Others

11.4.6.3. Nordic Countries Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Country

11.4.6.3.1. Denmark

11.4.6.3.2. Finland

11.4.6.3.3. Iceland

11.4.6.3.4. Sweden

11.4.6.3.5. Norway

11.4.7. Benelux Union

11.4.7.1. Benelux Union Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

11.4.7.1.1. Linear Actuators

11.4.7.1.2. Rotary Actuators

11.4.7.2. Benelux Union Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

11.4.7.2.1. Oil and Gas

11.4.7.2.2. Energy and Power

11.4.7.2.3. Automotive

11.4.7.2.4. Aerospace and Defense

11.4.7.2.5. Water and Wastewater

11.4.7.2.6. Others

11.4.7.3. Benelux Union Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Country

11.4.7.3.1. Belgium

11.4.7.3.2. The Netherlands

11.4.7.3.3. Luxembourg

11.4.8. Rest of Europe

11.4.8.1. Rest of Europe Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

11.4.8.1.1. Linear Actuators

11.4.8.1.2. Rotary Actuators

11.4.8.2. Rest of Europe Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

11.4.8.2.1. Oil and Gas

11.4.8.2.2. Energy and Power

11.4.8.2.3. Automotive

11.4.8.2.4. Aerospace and Defense

11.4.8.2.5. Water and Wastewater

11.4.8.2.6. Others

11.5. Key Segment for Channeling Investments

11.5.1. By Country

11.5.2. By Type

11.5.3. By Industry Vertical

12. Asia Pacific Electric Actuator Market Analysis and Forecasts, 2023 - 2031

12.1. Overview

12.1.1. Asia Pacific Electric Actuator Market Revenue (US$ Mn)

12.2. Asia Pacific Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

12.2.1. Linear Actuators

12.2.2. Rotary Actuators

12.3. Asia Pacific Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

12.3.1. Oil and Gas

12.3.2. Energy and Power

12.3.3. Automotive

12.3.4. Aerospace and Defense

12.3.5. Water and Wastewater

12.3.6. Others

12.4. Asia Pacific Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Country

12.4.1. China

12.4.1.1. China Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

12.4.1.1.1. Linear Actuators

12.4.1.1.2. Rotary Actuators

12.4.1.2. China Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

12.4.1.2.1. Oil and Gas

12.4.1.2.2. Energy and Power

12.4.1.2.3. Automotive

12.4.1.2.4. Aerospace and Defense

12.4.1.2.5. Water and Wastewater

12.4.1.2.6. Others

12.4.2. Japan

12.4.2.1. Japan Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

12.4.2.1.1. Linear Actuators

12.4.2.1.2. Rotary Actuators

12.4.2.2. Japan Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

12.4.2.2.1. Oil and Gas

12.4.2.2.2. Energy and Power

12.4.2.2.3. Automotive

12.4.2.2.4. Aerospace and Defense

12.4.2.2.5. Water and Wastewater

12.4.2.2.6. Others

12.4.3. India

12.4.3.1. India Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

12.4.3.1.1. Linear Actuators

12.4.3.1.2. Rotary Actuators

12.4.3.2. India Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

12.4.3.2.1. Oil and Gas

12.4.3.2.2. Energy and Power

12.4.3.2.3. Automotive

12.4.3.2.4. Aerospace and Defense

12.4.3.2.5. Water and Wastewater

12.4.3.2.6. Others

12.4.4. New Zealand

12.4.4.1. New Zealand Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

12.4.4.1.1. Linear Actuators

12.4.4.1.2. Rotary Actuators

12.4.4.2. New Zealand Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

12.4.4.2.1. Oil and Gas

12.4.4.2.2. Energy and Power

12.4.4.2.3. Automotive

12.4.4.2.4. Aerospace and Defense

12.4.4.2.5. Water and Wastewater

12.4.4.2.6. Others

12.4.5. Australia

12.4.5.1. Australia Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

12.4.5.1.1. Linear Actuators

12.4.5.1.2. Rotary Actuators

12.4.5.2. Australia Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

12.4.5.2.1. Oil and Gas

12.4.5.2.2. Energy and Power

12.4.5.2.3. Automotive

12.4.5.2.4. Aerospace and Defense

12.4.5.2.5. Water and Wastewater

12.4.5.2.6. Others

12.4.6. South Korea

12.4.6.1. South Korea Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

12.4.6.1.1. Linear Actuators

12.4.6.1.2. Rotary Actuators

12.4.6.2. South Korea Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

12.4.6.2.1. Oil and Gas

12.4.6.2.2. Energy and Power

12.4.6.2.3. Automotive

12.4.6.2.4. Aerospace and Defense

12.4.6.2.5. Water and Wastewater

12.4.6.2.6. Others

12.4.7. Southeast Asia

12.4.7.1. Southeast Asia Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

12.4.7.1.1. Linear Actuators

12.4.7.1.2. Rotary Actuators

12.4.7.2. Southeast Asia Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

12.4.7.2.1. Oil and Gas

12.4.7.2.2. Energy and Power

12.4.7.2.3. Automotive

12.4.7.2.4. Aerospace and Defense

12.4.7.2.5. Water and Wastewater

12.4.7.2.6. Others

12.4.7.3. Southeast Asia Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Country

12.4.7.3.1. Indonesia

12.4.7.3.2. Thailand

12.4.7.3.3. Malaysia

12.4.7.3.4. Singapore

12.4.7.3.5. Rest of Southeast Asia

12.4.8. Rest of Asia Pacific

12.4.8.1. Rest of Asia Pacific Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

12.4.8.1.1. Linear Actuators

12.4.8.1.2. Rotary Actuators

12.4.8.2. Rest of Asia Pacific Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

12.4.8.2.1. Oil and Gas

12.4.8.2.2. Energy and Power

12.4.8.2.3. Automotive

12.4.8.2.4. Aerospace and Defense

12.4.8.2.5. Water and Wastewater

12.4.8.2.6. Others

12.5. Key Segment for Channeling Investments

12.5.1. By Country

12.5.2. By Type

12.5.3. By Industry Vertical

13. Middle East and Africa Electric Actuator Market Analysis and Forecasts, 2023 - 2031

13.1. Overview

13.1.1. Middle East and Africa Electric Actuator Market Revenue (US$ Mn)

13.2. Middle East and Africa Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

13.2.1. Linear Actuators

13.2.2. Rotary Actuators

13.3. Middle East and Africa Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

13.3.1. Oil and Gas

13.3.2. Energy and Power

13.3.3. Automotive

13.3.4. Aerospace and Defense

13.3.5. Water and Wastewater

13.3.6. Others

13.4. Middle East and Africa Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Country

13.4.1. Saudi Arabia

13.4.1.1. Saudi Arabia Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

13.4.1.1.1. Linear Actuators

13.4.1.1.2. Rotary Actuators

13.4.1.2. Saudi Arabia Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

13.4.1.2.1. Oil and Gas

13.4.1.2.2. Energy and Power

13.4.1.2.3. Automotive

13.4.1.2.4. Aerospace and Defense

13.4.1.2.5. Water and Wastewater

13.4.1.2.6. Others

13.4.2. UAE

13.4.2.1. UAE Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

13.4.2.1.1. Linear Actuators

13.4.2.1.2. Rotary Actuators

13.4.2.2. UAE Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

13.4.2.2.1. Oil and Gas

13.4.2.2.2. Energy and Power

13.4.2.2.3. Automotive

13.4.2.2.4. Aerospace and Defense

13.4.2.2.5. Water and Wastewater

13.4.2.2.6. Others

13.4.3. Egypt

13.4.3.1. Egypt Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

13.4.3.1.1. Linear Actuators

13.4.3.1.2. Rotary Actuators

13.4.3.2. Egypt Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

13.4.3.2.1. Oil and Gas

13.4.3.2.2. Energy and Power

13.4.3.2.3. Automotive

13.4.3.2.4. Aerospace and Defense

13.4.3.2.5. Water and Wastewater

13.4.3.2.6. Others

13.4.4. Kuwait

13.4.4.1. Kuwait Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

13.4.4.1.1. Linear Actuators

13.4.4.1.2. Rotary Actuators

13.4.4.2. Kuwait Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

13.4.4.2.1. Oil and Gas

13.4.4.2.2. Energy and Power

13.4.4.2.3. Automotive

13.4.4.2.4. Aerospace and Defense

13.4.4.2.5. Water and Wastewater

13.4.4.2.6. Others

13.4.5. South Africa

13.4.5.1. South Africa Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

13.4.5.1.1. Linear Actuators

13.4.5.1.2. Rotary Actuators

13.4.5.2. South Africa Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

13.4.5.2.1. Oil and Gas

13.4.5.2.2. Energy and Power

13.4.5.2.3. Automotive

13.4.5.2.4. Aerospace and Defense

13.4.5.2.5. Water and Wastewater

13.4.5.2.6. Others

13.4.6. Rest of Middle East & Africa

13.4.6.1. Rest of Middle East & Africa Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

13.4.6.1.1. Linear Actuators

13.4.6.1.2. Rotary Actuators

13.4.6.2. Rest of Middle East & Africa Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

13.4.6.2.1. Oil and Gas

13.4.6.2.2. Energy and Power

13.4.6.2.3. Automotive

13.4.6.2.4. Aerospace and Defense

13.4.6.2.5. Water and Wastewater

13.4.6.2.6. Others

13.5. Key Segment for Channeling Investments

13.5.1. By Country

13.5.2. By Type

13.5.3. By Industry Vertical

14. Latin America Electric Actuator Market Analysis and Forecasts, 2023 - 2031

14.1. Overview

14.1.1. Latin America Electric Actuator Market Revenue (US$ Mn)

14.2. Latin America Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

14.2.1. Linear Actuators

14.2.2. Rotary Actuators

14.3. Latin America Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

14.3.1. Oil and Gas

14.3.2. Energy and Power

14.3.3. Automotive

14.3.4. Aerospace and Defense

14.3.5. Water and Wastewater

14.3.6. Others

14.4. Latin America Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Country

14.4.1. Brazil

14.4.1.1. Brazil Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

14.4.1.1.1. Linear Actuators

14.4.1.1.2. Rotary Actuators

14.4.1.2. Brazil Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

14.4.1.2.1. Oil and Gas

14.4.1.2.2. Energy and Power

14.4.1.2.3. Automotive

14.4.1.2.4. Aerospace and Defense

14.4.1.2.5. Water and Wastewater

14.4.1.2.6. Others

14.4.2. Argentina

14.4.2.1. Argentina Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

14.4.2.1.1. Linear Actuators

14.4.2.1.2. Rotary Actuators

14.4.2.2. Argentina Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

14.4.2.2.1. Oil and Gas

14.4.2.2.2. Energy and Power

14.4.2.2.3. Automotive

14.4.2.2.4. Aerospace and Defense

14.4.2.2.5. Water and Wastewater

14.4.2.2.6. Others

14.4.3. Rest of Latin America

14.4.3.1. Rest of Latin America Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Type

14.4.3.1.1. Linear Actuators

14.4.3.1.2. Rotary Actuators

14.4.3.2. Rest of Latin America Electric Actuator Market Revenue (US$ Mn) and Forecasts, By Industry Vertical

14.4.3.2.1. Oil and Gas

14.4.3.2.2. Energy and Power

14.4.3.2.3. Automotive

14.4.3.2.4. Aerospace and Defense

14.4.3.2.5. Water and Wastewater

14.4.3.2.6. Others

14.5. Key Segment for Channeling Investments

14.5.1. By Country

14.5.2. By Type

14.5.3. By Industry Vertical

15. Competitive Benchmarking

15.1. Brand Benchmarking

15.2. Market Share Analysis, 2022

15.3. Global Presence and Growth Strategies

15.3.1. Mergers and Acquisitions

15.3.2. Product Launches

15.3.3. Investments Trends

15.3.4. R&D Initiatives

16. Player Profiles

16.1. ABB

16.1.1. Company Details

16.1.2. Company Overview

16.1.3. Product Offerings

16.1.4. Key Developments

16.1.5. Financial Analysis

16.1.6. SWOT Analysis

16.1.7. Business Strategies

16.2. Actuonix Motion Devices Inc.

16.2.1. Company Details

16.2.2. Company Overview

16.2.3. Product Offerings

16.2.4. Key Developments

16.2.5. Financial Analysis

16.2.6. SWOT Analysis

16.2.7. Business Strategies

16.3. AUMA Riester GmbH & Co. KG

16.3.1. Company Details

16.3.2. Company Overview

16.3.3. Product Offerings

16.3.4. Key Developments

16.3.5. Financial Analysis

16.3.6. SWOT Analysis

16.3.7. Business Strategies

16.4. Curtiss-Wright Corporation

16.4.1. Company Details

16.4.2. Company Overview

16.4.3. Product Offerings

16.4.4. Key Developments

16.4.5. Financial Analysis

16.4.6. SWOT Analysis

16.4.7. Business Strategies

16.5. Emerson Electric Co.

16.5.1. Company Details

16.5.2. Company Overview

16.5.3. Product Offerings

16.5.4. Key Developments

16.5.5. Financial Analysis

16.5.6. SWOT Analysis

16.5.7. Business Strategies

16.6. Ewellix (SKF Motion Technologies)

16.6.1. Company Details

16.6.2. Company Overview

16.6.3. Product Offerings

16.6.4. Key Developments

16.6.5. Financial Analysis

16.6.6. SWOT Analysis

16.6.7. Business Strategies

16.7. Flowserve Corporation

16.7.1. Company Details

16.7.2. Company Overview

16.7.3. Product Offerings

16.7.4. Key Developments

16.7.5. Financial Analysis

16.7.6. SWOT Analysis

16.7.7. Business Strategies

16.8. General Electric

16.8.1. Company Details

16.8.2. Company Overview

16.8.3. Product Offerings

16.8.4. Key Developments

16.8.5. Financial Analysis

16.8.6. SWOT Analysis

16.8.7. Business Strategies

16.9. Moog Inc

16.9.1. Company Details

16.9.2. Company Overview

16.9.3. Product Offerings

16.9.4. Key Developments

16.9.5. Financial Analysis

16.9.6. SWOT Analysis

16.9.7. Business Strategies

16.10. Rotork

16.10.1. Company Details

16.10.2. Company Overview

16.10.3. Product Offerings

16.10.4. Key Developments

16.10.5. Financial Analysis

16.10.6. SWOT Analysis

16.10.7. Business Strategies

16.11. Other Market Participants

17. Key Findings

**Exclusive for Multi-User and Enterprise User.

At Absolute Markets Insights, we are engaged in building both global as well as country specific reports. As a result, the approach taken for deriving the estimation and forecast for a specific country is a bit unique and different in comparison to the global research studies. In this case, we not only study the concerned market factors & trends prevailing in a particular country (from secondary research) but we also tend to calculate the actual market size & forecast from the revenue generated from the market participants involved in manufacturing or distributing the any concerned product. These companies can also be service providers. For analyzing any country specifically, we do consider the growth factors prevailing under the states/cities/county for the same. For instance, if we are analyzing an industry specific to United States, we primarily need to study about the states present under the same(where the product/service has the highest growth). Similar analysis will be followed by other countries. Our scope of the report changes with different markets.

Our research study is mainly implement through a mix of both secondary and primary research. Various sources such as industry magazines, trade journals, and government websites and trade associations are reviewed for gathering precise data. Primary interviews are conducted to validate the market size derived from secondary research. Industry experts, major manufacturers and distributors are contacted for further validation purpose on the current market penetration and growth trends.

Prominent participants in our primary research process include:

Key Opinion Leaders namely the CEOs, CSOs, VPs, purchasing managers, amongst others
Research and development participants, distributors/suppliers and subject matter experts

Secondary Research includes data extracted from paid data sources: