The global electric actuators market is set to experience unprecedented growth, driven by the rising adoption of automation, energy-efficient technologies, and smart infrastructure across industries. As manufacturing, automotive, aerospace, and energy sectors increasingly prioritize precision control and reduced maintenance, electric actuators are emerging as a preferred choice over traditional hydraulic and pneumatic systems.
The Electric Actuators Market Size was valued at USD 12.88 billion in 2023 and is expected to reach USD 58.32 billion by 2032, expanding at a Compound Annual Growth Rate (CAGR) of 18.35% during the forecast period from 2024 to 2032. This significant growth is attributed to advancements in motion control technologies, increased focus on industrial automation, and the global push toward cleaner, more sustainable mechanical systems.
Key Market Drivers:
- Surging Demand for Industrial Automation:
Growing reliance on automation in manufacturing processes is driving the need for reliable, accurate, and low-maintenance actuators. Electric actuators offer an optimal solution with superior control and compatibility with smart factory systems. - Energy Efficiency and Environmental Regulations:
Electric actuators are gaining traction due to their energy-efficient operation and reduced carbon footprint compared to hydraulic systems. Increasing regulatory pressure for sustainable technologies is further fueling market adoption. - Technological Advancements in Actuation Systems:
Innovations such as integrated electronics, IoT-enabled actuators, and advanced position control are enhancing performance and expanding application areas in robotics, automotive systems, and industrial equipment. - Growth in Aerospace and Automotive Sectors:
The rapid evolution of electric vehicles and modern aircraft systems is creating strong demand for compact, lightweight, and precise electric actuators, especially in applications like throttle control, braking, and flap actuation.
Key Players
- General Electric
- Flowserve Corporation
- Actuonix Motion Devices Inc.
- Emerson Electric Co.
- Ewellix (SKF Motion Technologies)
- AUMA Riester GmbH & Co. KG
- Rotork
- Curtiss-Wright Corporation
- ABB
- Moog Inc.
- ARCA Regler GmbH
- CKD Corporation
- IMI PLC
- Indelac Controls Inc.
- Janatics
- JHFOSTER Company
- LINAK Group
- Parker Hannifin Corp
- Process Systems
- Progressive Automations Inc.
- Regal Rexnord Corporation
- Samson AG
- Schaeffler Technologies AG & Co. KG
- Spirax Sarco Limited
- TiMOTION Technology Co. Ltd.
- Tolomatic, Inc.
- York Precision Machining & Hydraulics LLC
Conclusion:
The electric actuators market is entering a high-growth phase, driven by technological evolution and a global shift toward energy-efficient and automated systems. Companies that leverage innovation and focus on smart, sustainable actuator solutions are well-positioned to capitalize on the substantial opportunities in this rapidly expanding market.
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