Global NEWS: The
robotics and automation actuators market is estimated to be USD 15.8 billion in
2019 and is projected to reach USD 30.9 billion by 2024, at a CAGR of 14.37%
from 2019 to 2024
[140 Pages Report] The robotics
and automation actuators market is estimated to be USD 15.8 billion in 2019
and is projected to reach USD 30.9 billion by 2024, at a CAGR of 14.37% from
2019 to 2024. The need to increase productivity and reduce downtime in
industrial facilities and manufacturing activities worldwide are the major
factors expected to drive the market for actuators globally. The development of
advanced and cost-effective robotics and automation actuators, and increasing
demand for industrial robots and process automation in different industrial
verticals are some of the opportunities impacting the growth of the robotics
and automation actuators market.
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By type, the rotary actuator segment is expected to grow at the highest
CAGR during the forecast period
The robotics segment is expected to grow at the highest CAGR in the
robotics and automation actuators market from 2019 to 2024 and to account for
the largest share in 2019
The electric actuation segment to account for the largest market share
in robotics and automation actuators market in 2019
Based on actuation, the robotics
and automation actuators market has been segmented into pneumatic, hydraulic,
and electric. The growth of the electric actuation segment can be attributed to
the replacement of hydraulic and pneumatic actuators by electric actuators due
to their higher efficiency and greater levels of control. The amount of energy
consumed in hydraulic and pneumatic actuators is higher than that by electric
actuators
Key Market Players
The major players in the robotics
and automation actuators market include ABB
(Switzerland), Rockwell Automation (US), Altra Industrial Motion (US), Moog
(US), SMC (Japan), Curtiss Wright (US), and MISUMI (Japan), among others.
ABB is one of the leading players in the robotics and automation actuators
market.
Contact:
Mr. Shelly Singh
MarketsandMarkets™
INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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