Home Automotive and Transportation Electric Actuator Market Size, Top Share, Demand to 2031

Electric Actuator Market

Electric Actuator Market Size, Share & Trends Analysis Report By Type (Linear Actuators, Rotary Actuators), By End-User (Oil and Gas, Energy and Power, Automotive, Aerospace and Defense, Water and Wastewater, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRAT55323DR
Study Period 2019-2031 CAGR 6.1%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 19,693.03 Million
Forecast Year 2031 Forecast Year Market Size USD 33554.52 Million
Largest Market Asia Pacific Fastest Growing Market Europe
The sample report only takes 30 secs to download, no need to wait longer.

Market Overview

The global electric actuator market size was valued at USD 19,693.03 million in 2022. It is estimated to reach USD 33,554.52 million by 2031, growing at a CAGR of 6.10% during the forecast period (2023–2031). The increasing demand from the oil and gas sector and for water and wastewater treatment services is expected to boost market growth.

An actuator is a component that causes a system to move by converting energy and signals into motion. It can deliver linear or circular motion. An actuator uses energy from a source to move objects. An electric actuator is a device that uses an electric motor to deliver the appropriate force to move a load or carry out functions that require force, like clamping. The spindle produces rotational motion, or rotor, of an electric motor. The motor spindle is directly connected to a helical screw via the drive shaft, which revolves in a ball screw nut. Electric activators use alternating currents to power electric motors. The transfer of electric energy into torque destroys the actuator. This basic concept is becoming more popular in the actuator industry.

Electric actuators use lead screws and gears to open and close their applications. In other terms, it converts energy into mechanical motion. There are three major ways that energy sources can be obtained. Pneumatic, hydraulic, and electric Electric actuators are used with electronic control equipment for all remote manual control elements and some automatic control loops. The electric actuator comprises three parts: the motor unit, the drive unit, and the gear unit. A motor unit drives small valves with gear ratios dictated by the size of the motor and the driving unit.

Market Dynamics

Global Electric Actuator Market Drivers

Increasing Oil and Gas Sector Demand

Actuator demand is rising because of significant oil output. Shale gas usage expansion would result in a growth in the need for actuators. The oil and gas sector is the largest market for electric linear actuators. Processes for automating valves use these actuators. Electric linear actuators are used in this business to regulate valve pressures for pipeline remote opening and closing. The Middle East is also one of the main producers and suppliers of the oil and gas sector. Oil and gas production and exploration will likely increase, benefiting the electric actuator industry.

Increasing Demand for Water and Wastewater Treatment Services

Due to population growth, environmental degradation, and economic development, water use and pollution have significantly increased in recent years. Water treatment, sewage treatment plants, effluent treatment plants, and water recycling comprise the bulk of the water and wastewater treatment sector. The enterprises also put zero liquid discharge (ZLD) systems into service to refine and recycle wastewater. Electric actuators are frequently used to direct and regulate the water flow in these industries. These actuators are crucial in various applications in this sector, including water pipelines, dams, pumping stations, sluice gates, and sewage systems.

Global Electric Actuator Market Restraint

Expensive Maintenance and a Complicated Layout

Most electric actuation devices come at a hefty price. Electric actuators have a very high price tag relative to the strength they provide. Electric actuators also have the disadvantage of being weaker and less powerful than their hydraulic and pneumatic counterparts. Electrics continue to be relatively weak despite technological advances that strengthen actuator designs. In addition, the complexity of most electric actuator designs increases the likelihood of breakage and subsequent downtime. These challenges hamper the growth of the electronic actuator market.

Global Electric Actuator Market Opportunities

Robotic Mobility Enabled by Integrated Circuit Actuators

Among the many uses for electric actuators, material handling, robotics, the food and beverage industry, window automation, and solar panels are among the most common. Electric linear actuators with an integrated controller enable simple installation, precise movement, and low maintenance costs to automate factory machinery or farm equipment. The actuation of actuators with an internal control unit (IC) is simplified by eliminating a separate control box and relays. Many kinds of feedback, simple control methods, in and out signals at the end of the stroke, individualized design options, and actuator monitoring are all available with IC actuators.

The advent of material-handling automation presents yet another new chance. When applied universally, automated guided vehicles (AGVs) and mobile robots (AMRs) can drastically enhance workplace ergonomics, security, and productivity. To satisfy the expectations of the final consumers, the entire material handling process, from production to logistics, must be accurate and trustworthy. For mobile robots, actuators are the way to go. These developments provide new commercial potential for the product.

Regional Analysis

Based on region, the Electric Actuator Market is bifurcated into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Asia Pacific Dominates the Global Market

Asia-Pacific is the most significant Electric Actuator Market shareholder and is estimated to grow at a CAGR of 7.3% over the forecast period. Due to an increase in the adoption of pipeline transportation and power projects, China, India, and Japan are the major economies that will contribute to the growth of the electric actuator market during the projection period. China is one of the emerging economies that must diversify its energy sources. Additionally, increasing oil and gas reserve discoveries in India and expanding pipeline transportation demand contribute to the Asia-Pacific electric actuator market's growth throughout the projection year. Electric actuator demand in the chemicals industry is expanding due to the region's growing industrialization and urbanization.

Europe is anticipated to exhibit a CAGR of 5.7% over the forecast period. In every industry, Europe tends to accept new and improved technologies. Due to numerous automotive sectors, the actuator market is huge and developed throughout Europe. In addition, Germany has the largest market share in Europe, followed by France. Due to increased investment in the food and beverage and power generation industries, the electric actuator market in the European region is anticipated to expand at a modest rate during the projected period. Additionally, the market for electric actuators is anticipated to rise due to the region's focus on electrifying automotive components and significant growth in the luxury car category.

The North American market is expected to surge in demand during the forecast period. Due to extensive oil and gas activity and infrastructure development, the electric actuator industry in North America is more developed than in any other geographical area. Due to an increase in oil and gas production, the region in the electric actuator industry generates the most revenue. Actuator demand has increased across North America due to the aggressive expansion of unconventional oil and gas upstream activities like Shale gas production and residential and commercial buildings. Due to its easy accessibility and low cost, natural gas is the most popular fuel in North America. The growth of the electric actuator market is the growing demand for premium vehicles.

LAMEA is expected to offer lucrative growth opportunities for the electric actuator market during the forecast period, owing to the region's stable political and economic conditions. Technological advancements in South America and the Middle East are anticipated to support market expansion in LAMEA. Additionally, the Middle East's increased mining and building activities are anticipated to create expansion prospects for the electric actuators industry. Additionally, it is anticipated that increased investment in oil and gas-related operations, new refineries, and modernization of existing facilities in growing countries in Africa and Latin America will support market expansion in this area. Additionally, the Middle Eastern nations that produce a significant amount of oil are in charge of expanding the LAMEA electric actuator market during the projection period.

Report Scope

Report Metric Details
By Type
  1. Linear Actuators
  2. Rotary Actuators
By End-User
  1. Oil and Gas
  2. Energy and Power
  3. Automotive
  4. Aerospace and Defense
  5. Water and Wastewater
  6. Others
Company Profiles Emerson Electric Co. Flowserve Corporation ABB Rotork General Electric AUMA Riester GmbH and Co. KG Moog Inc Curtiss-Wright Corporation Ewellix Actuonix Motion Devices
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Singapore Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Segmental Analysis

The global electric actuator market is bifurcated into type and end-user.

The electric actuator market is bifurcated based on type into linear and rotary actuators.

The linear actuators segment dominates the global market and is projected to exhibit a CAGR of 5.3% over the forecast period. Electric linear actuators convert an electric motor's rotational motion into linear motion. This actuator's linear guides, motor, and driving mechanisms generate push-pull action in a straight line. A mechanical or electrical linear actuator allows for precise positioning and movement. These actuators are utilized in various locations, including industrial machinery, computer peripherals, and valves.

Additionally, the manufacturing sector's increased automation is a key factor driving the demand for linear actuators. The need for linear actuators is mostly driven by industrial goals such as integrating the industrial Internet of Things (IoT). High industrialization in emerging nations is another factor. During the anticipated term, countries like India, China, South Africa, and South Korea will fuel the demand for electric actuators.

Based on end-user, the Electric Actuator Market is bifurcated into oil and gas, energy and power, automotive, aerospace and defense, water and wastewater, and others.

The automotive segment owns the global market and is predicted to exhibit a CAGR of 7.4% over the forecast period. The automotive industry uses automated actuators in a variety of production facility applications. Automobiles also utilize them to move different fluids inside the engine block. Electric linear actuators are used in various ways in the automotive sector. With a stroke length range of 10 to 1000 mm, this actuator offers loading capacities up to 15000N. A vehicle actuator's structure also consists of a screw coupled to a power source, like an electric motor.

Due to different government programs, such as the U.S. government's corporate average fuel economy program (CAFEP), the North American market for electric automobiles, buses, and trucks led the global market for electric actuators on a regional level. Additionally, due to the rise in commercial vehicle demand worldwide, the popularity of hybrid and alternative-fuel vehicles, and technological advancements, the application for automotive is anticipated to expand during the forecast period.

Market Size By Type

Market Size By Type
  • Linear Actuators
  • Rotary Actuators
  • Recent Developments

    • March 2023- With the newest additions to the FAULHABER L series, DC micromotor supplier Electromechanical Systems (EMS) Ltd increased its selection of linear actuators. The 06L, 08L, and 10L linear actuators, which offer a diameter between six and ten millimeters (mm), have joined the 22L and 32L linear actuators, first launched as part of the series in 2022.
    • December 2022- The High Reduction Belt-Driven Linear Actuator, a crucial component of ISE™ Robotics's Zero Emission Motion Control technology, was recently awarded a significant U.S. Patent. Modern steel-reinforced polyurethane flat belts are a new development in materials science that RISETMTechnology uses. These belts can function for millions of bending cycles at pulley contact pressures greater than 1,400 PSI.

    Top Key Players

    Electric Actuator Market Share of Key Players

    Electric Actuator Market Share of Key Players
    Emerson Electric Co. Flowserve Corporation ABB Rotork General Electric AUMA Riester GmbH and Co. KG Moog Inc Curtiss-Wright Corporation Ewellix Actuonix Motion Devices Others

    Frequently Asked Questions (FAQs)

    How big is the electric actuator market?
    The global electric actuator market size was valued at USD 19,693.03 million in 2022. It is estimated to reach USD 33,554.52 million by 2031, growing at a CAGR of 6.10% from 2023 to 2031. 
    Asia Pacific region has the highest growth rate in the electric actuator market.
    Rising oil and gas sector demand, increasing demand for water and wastewater treatment services are the major growth factors of the electric actuator market.
    Linear actuators segment is the leading segment for the market during forecast period.
    The key players in the global market include Emerson Electric Co., Flowserve Corporation, ABB, Rotork, General Electric, Moog Inc, Curtiss-Wright Corporation, Ewellix, Actuonix Motion Devices.

    We are featured on :