Rotary Actuators Market Growth, Size, Trends, Demand, Revenue, Challenges and Future Outlook
Rotary Actuators Market Size- By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: MACH2349 | Pages: 1 - 234 | Formats*: |
| Category : Equipment and Machinery | |||
Rotary Actuators Market Introduction and Overview
According to SPER Market Research, the Global Rotary Actuators Market is estimated to reach USD 140.82 billion by 2033 with a CAGR of 8.44%.
The report includes an in-depth analysis of the Global Rotary Actuators market, including market size and trends, product mix, distribution channels, and supplier analysis. A rotary actuator is a pneumatic cylinder that allows a stroke in an oscillating motion through a set angle by providing a rotating or angular movement. Rotary actuators are widely employed in a variety of industries, including semiconductors, oil and gas, packaging, and aerospace and defense. Rotary actuators are utilized in the oil and gas industry's gas turbines to activate minimal operating and maintenance costs.
- Emerson announced the ASCO Series 158 Gas Valve and Series 159 Motorized Actuator in February 2020. The new solutions, designed exclusively for burner-boiler applications, provide OEMs, distributors, contractors, and end-users with a new combustion safety shut-off valve alternative that improves flow and control while increasing safety and dependability.
- Parker Hannifin Corporation finalized its cash acquisition of LORD Corporation, a prominent manufacturer of sophisticated adhesives and coatings as well as vibration and motion control solutions, in October 2019.
Market Opportunities and Challenges
The rotary actuator market offers a number of opportunities, which are being driven by improvements in numerous sectors. One significant sector is industrial automation, where there is a growing requirement for precision control and positioning of machinery. Rotary actuators are crucial in this industry because they provide efficient and accurate motion control solutions, resulting in increased productivity and less downtime. Furthermore, the expanding renewable energy sector is boosting the demand for tracking systems in solar panels and wind turbines, creating a sizable market for rotary actuators to enable optimal energy capture.
Raw material price volatility is one of the reasons hampering the growth of the rotary actuators market. Copper, stainless steel, and other metal alloys are the primary raw materials utilized in the production of actuators. However, the unpredictability of these raw material prices might be a disincentive to industry growth. Variations in raw material pricing may have an impact on vendor productivity. The highly competitive market precludes vendors from passing on the increased costs to the end customer, reducing their profit margins. As a result, raw material price volatility is a significant price barrier that may impede the growth of the rotary actuators market throughout the projection period.
Market Competitive Landscape
ABB LTD, Emerson Electric Co., Flowserve Corporation, LINAK AS, Rotork plc, SMC Corporation, Curtiss-Wright Corporation, General Electric Co, Moog Inc are the some market key players.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | ABB LTD, Emerson Electric Co., Flowserve Corporation, LINAK AS, Rotork plc, SMC Corporation, Curtiss-Wright Corporation, General Electric Co, Moog Inc |
COVID-19 Impact on Global Rotary Actuators Market
Global supply chains and commercial operations have experienced difficulties as a result of the COVID-19 epidemic. Although the COVID-19 pandemic had no effect on the demand for valve actuators in 2019, market predictions do take industry developments and how those will affect the market for valve actuators in different vertical industries into account. The current COVID-19 pandemic outbreak has negatively impacted the majority of businesses that use actuators, including agricultural, healthcare, the automobile, aerospace and defense, and food and beverage industries.
Key Target Audience:
- Manufacturing and Industrial Automation
- Renewable Energy Sector
- Aerospace and Defense
- Healthcare Industry
- Construction and Heavy Machinery
- Automotive Industry
- Maintenance and Repair Services
Our in-depth analysis of the Rotary Actuators Market includes the following segments:
| By Product: |
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| By Application: |
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Key Topics Covered in the Report:
- Global Rotary Actuators Market Size (FY’2023-FY’2033)
- Overview of Global Rotary Actuators Market
- Segmentation of Global Rotary Actuators Market By Product (Electric Rotary Actuators, Hydraulic Rotary Actuators, Pneumatic Rotary Actuators)
- Segmentation of Global Rotary Actuators Market By Application (Agriculture, Construction, Industrial, Metals & Mining, Oil & Gas)
- Statistical Snap of Global Rotary Actuators Market
- Expansion Analysis of Global Rotary Actuators Market
- Problems and Obstacles in Global Rotary Actuators Market
- Competitive Landscape in the Global Rotary Actuators Market
- Impact of COVID-19 and Demonetization on Global Rotary Actuators Market
- Details on Current Investment in Global Rotary Actuators Market
- Competitive Analysis of Global Rotary Actuators Market
- Prominent Players in the Global Rotary Actuators Market
- SWOT Analysis of Global Rotary Actuators Market
- Global Rotary Actuators Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Rotary Actuators Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Rotary Actuators Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Rotary Actuators Market
7. Global Rotary Actuators Market, By Product (USD Million)
7.1. Global Rotary Actuators Market Value Share and Forecast, By Product, 2023-20337.2. Electric Rotary Actuators7.3. Hydraulic Rotary Actuators7.4. Pneumatic Rotary Actuators
8. Global Rotary Actuators Market, By Application (USD Million)
8.1. Global Rotary Actuators Market Value Share and Forecast, By Application, 2023-20338.2. Agriculture8.3. Construction8.4. Industrial8.5. Metals & Mining8.6. Oil & Gas
9. Global Rotary Actuators Market Forecast, 2019-2033 (USD Million)
9.1. Global Rotary Actuators Market Size and Market Share
10. Global Rotary Actuators Market, By Product, 2019-2033 (USD Million)
10.1. Global Rotary Actuators Market Size and Market Share By Product (2019-2026)10.2. Global Rotary Actuators Market Size and Market Share By Product (2027-2033)
11. Global Rotary Actuators Market, By Application, 2019-2033 (USD Million)
11.1. Global Rotary Actuators Market Size and Market Share By Application (2019-2026)11.2. Global Rotary Actuators Market Size and Market Share By Application (2027-2033)
12. Global Rotary Actuators Market, By Region, 2019-2033 (USD Million)
12.1. Global Rotary Actuators Market Size and Market Share By Region (2019-2026)12.2. Global Rotary Actuators Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. ABB LTD13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Emerson Electric Co13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Flowserve Corporation13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. LINAK AS13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Rotork plc13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. SMC Corporation13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent development13.7. Curtiss-Wright Corporation13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent development13.8. General Electric Co13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent development13.9. Moog Inc13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent development13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Rotary Actuators Market is projected to reach USD 140.82 billion by 2033, growing at a CAGR of 8.44% during the forecast period.
Rotary Actuators Market grew in market size from 2023. The Market is expected to reach USD 140.82 billion by 2033, at a CAGR of 8.44% during the forecast period.
Rotary Actuators Market CAGR of 8.44% during the forecast period.
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Rotary Actuators Market size is USD 140.82 billion from 2023 to 2033.
Rotary Actuators Market Segment is Covered By Product, By Application
The North America region is anticipated to have the highest market share in Rotary Actuators Market.
The key players in the market include Companies Covered ABB LTD, Emerson Electric Co., Flowserve Corporation, LINAK AS, Rotork plc, SMC Corporation, Curtiss-Wright Corporation, General Electric Co, Moog Inc
rotary actuator is a pneumatic cylinder that allows a stroke in an oscillating motion through a set angle by providing a rotating or angular movement.
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