Rotary Actuators Market to grow by USD 800.99 Mn; Driven by the growth of industrial automation – Technavio – QNT Press Release

NEW YORK, Nov. 14, 2022 /PRNewswire/ — The “Rotary Actuators Market by Product and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The report expects the market size to grow by USD 800.99 millionaccelerating at a CAGR of 4.52% between 2021 and 2026. Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Download a Free PDF Sample Report

Market Driver

The market is driven by the growth of industrial automation. To increase productivity, manufacturers are integrating actuation devices into their manufacturing units. Rotary actuators are extensively used in various end-user industries like semiconductors, oil and gas, packaging, and aerospace and defense. The precision of the boards’ position is the most important requirement during the manufacturing process. Electric rotary actuators are used to control and monitor the position of circuit boards over the PCB assembly unit. Similarly, rotary actuators are used in the gas turbines of the oil and gas industry to achieve low operating and maintenance costs. New investments in oil and gas exploration witnessed a flat growth rate during 2021-2026. All these factors are expected to contribute to the growth of the global rotary actuators market during the forecast period. Understand how the purchase of the report can have a direct impact on your revenue. Request a Free Sample Report

Vendor Landscape

The global rotary actuators market is highly competitive with the presence of category-focused, industry-focused, and diversified vendors. The key competing factors in the market are price, product differentiation, brand, quality, and performance. The established brands have an advantage over the local players in the means of a new project or client acquisition. Both the players established and local players are ensuring omnichannel presence for their product sales. Moreover, product differentiation is also negligible among the major vendors. Technavio identifies the following as the dominant players in the market.

  • ABB Ltd.
  • AUMA Riester GmbH and Co. KG
  • Curtiss Wright Corp.
  • Emerson Electric Co.
  • Flowserve Corp.
  • Harmonic Drive Systems Inc.
  • Holland Motion Group
  • IMI Critical Engineering
  • MISUMI Group Inc.
  • Moog Inc.
  • Oriental Motor Co. Ltd.
  • Parker Hannifin Corp.
  • Pentair Plc
  • Rockwell Automation Inc.
  • Rotomation Inc.
  • Rotork Plc
  • Schlumberger Ltd.
  • Siemens AG
  • SMC Corporation
  • Tameson BV
  • Gain detailed insights into product launches, growth strategies adopted by vendors, and future opportunities. Buy Now!

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Rotary Actuators Market Product Outlook (Revenue, USD Million, 2021-2026)
  • Pneumatic rotary actuators – size and forecast 2021-2026
  • Electric rotary actuators – size and forecast 2021-2026
  • Hydraulic rotary actuators – size and forecast 2021-2026

The market growth in the pneumatic rotary actuators segment will be significant during the forecast period. Pneumatic rotary actuators have a wide range of applications in ball valves, butterfly valves, and gate valves in the water and wastewater treatment industry. Pneumatic rotary actuators are also used in industries like chemical and petrochemical, power generation, mining, and oil and gas industries. The demand for pneumatic rotary actuators is increasing with the expansion of petrochemical plants globally.

Rotary Actuators Market Geography Outlook (Revenue, USD Million, 2021-2026)
  • North America – size and forecast 2021-2026
  • Europe – size and forecast 2021-2026
  • APAC – size and forecast 2021-2026
  • Middle East and Africa – size and forecast 2021-2026
  • South America – size and forecast 2021-2026

32% of the market growth will come from APAC during the forecast period. Rapid industrial automation, advances in agricultural devices, and the increasing usage of servo motors are the key factors driving the growth of the rotary actuators market in APAC. Emerging countries like India, Vietnam, Thailandand Indonesia are the recent hubs for European and American companies investing in the business in the region. For instance, the industrial growth rate of Indonesia was higher than the national economic growth rate in 2020. Similarly, in Indiathe manufacturing industry is witnessing a growth of around 8% since 2021 because of government initiatives like Make in India. Therefore, the rapid growth of the manufacturing industry in APAC, coupled with increasing industrial automation, will drive the demand for rotary actuators in the region. Discover potential segments to invest in over the forecast period. Request a Free Sample Report

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  • The smart pneumatics market share is expected to increase by USD 1.72 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.48%. The increasing use of smart pneumatics in the food and beverage industry is notably driving the smart pneumatics market growth, although factors such as the competitive pricing strategy of low -cost Asian manufacturers may impede the market growth.

Rotary Actuators Market Scope

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