PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1355751
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1355751
According to SPER Market Research, 'Rotary Actuators Market Size-By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Rotary Actuators Market is predicted to reach USD 140.82 billion by 2033 with a CAGR of 8.44%.
A pneumatic cylinder called a rotary actuator enables a stroke to oscillate through a predetermined angle while twisting or angling. They survive a long time and offer a considerable force (torque) given their size. Rotary actuators can simplify a design and aid in maintenance issues. Rotary actuators are often used in a wide range of end-user industries, such as semiconductors, oil and gas, packaging, and aerospace & military.
The COVID-19 outbreak has disrupted worldwide supply chains and business activities. While the pandemic had no impact on 2019 valve actuator demand, market forecasts consider industry trends as well as how the COVID-19 pandemic may affect the valve actuators market in various vertical industries. The current COVID-19 pandemic outbreak has harmed most businesses that rely on actuators, including agriculture, healthcare, automotive, aerospace and defense, and food and beverages.