PUBLISHER: Market Research Future | PRODUCT CODE: 1677730
PUBLISHER: Market Research Future | PRODUCT CODE: 1677730
Report on Europe Actuator Market Research by Types (Electric Actuators, Hydraulic Actuators, Pneumatic Actuators, and Mechanical Actuators), by Actuator Motion (Linear Actuators and Rotary Actuators) by Control (Manual Control, Automatic Control, Remote Control, Programmable Control, and Other Controls), by Application (Industrial Automation, Automotive, Aerospace, Building & Construction, Energy & Utilities, Consumer Electronics, Healthcare, and Others) Forecast To 2032
The demand for actuators in the wind and solar sectors is being driven by the focus on green energy, the retrofitting of old industrial systems with modern actuators to increase efficiency, and the high demand for automation in manufacturing and logistics.
The European actuators market is distinguished by a combination of large multinational corporations and lesser regional players, all of which are engaged in a competitive effort to satisfy the increasing demand for energy-efficient solutions and automation. With a 14.5% market share, Siemens AG is the market leader, closely followed by ABB Ltd. at 11.0% and Emerson Electric Co. at 8.9%.
The actuator market is characterized by a diverse array of mechanical devices that are employed to regulate or relocate systems in a variety of industries, thereby converting energy into motion. Actuators are essential components in applications that necessitate precise motion control, including automation, robotics, aerospace, automotive, and industrial apparatus. These devices generate linear, rotary, or oscillatory movements by utilizing a variety of power sources, such as electric, hydraulic, pneumatic, or mechanical systems. The market is being driven by the increasing adoption of electric vehicles, advancements in robotics, and the growing demand for automation in manufacturing. Furthermore, the applications of actuator technologies, such as smart actuators with embedded sensors and controls, are being broadened in emerging sectors such as renewable energy, healthcare, and building automation systems.
The maximum share of 53.64% in 2023 is held by Electric Actuators by type. While Germany dominated the market in terms of country share with a 16.72% share and is anticipated to continue to be the largest market throughout the forecast period.
The Actuators Market was segmented into Electric Actuators, Hydraulic Actuators, Pneumatic Actuators, and Mechanical Actuators based on product types.
The market is segmented into Linear Actuators and Rotary Actuators by Actuator Motion.
The market is segmented into Manual Control, Automatic Control, Remote Control, Programmable Control, and Other Controls based on control.
Industrial Automation, Automotive, Aerospace, Building & Construction, Energy & Utilities, Consumer Electronics, Healthcare, and Others comprise the market's application segmentation.
Siemens AG, ABB Ltd., Emerson Electric Co., Rotork Plc, Danfoss, Honeywell International, Festo AG & Co. KG, SMC Corporation, and Parker Hannifin are the primary participants in the European Actuator Market.