An electric actuator is powered by a motor that converts electrical energy into mechanical torque for moving or controlling a mechanism or system. The electrical energy is used to actuate equipment such as multi-turn valves. It is one of the cleanest and most readily available forms of actuator because it does not involve oil.
Electric actuators are sub-branch of actuators which also include hydraulic fluid pressure actuators, or pneumatic pressure actuators, etc.
The market segment by three types: Linear Electric Actuator, Multi-turn Electric Actuator and Quarter-turn Electric Actuator. The applications of Electric Actuator are Oil & Gas, General Industries, Chemical, Power and Other industries. Oil & Gas and General Industries are the main application, which accounts for about 56.51% of total consumption in 2017.
The Electric Actuator market was valued at 2090 Million US$ in 2018 and is projected to reach 2910 Million US$ by 2025, at a CAGR of 4.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electric Actuator.
This report presents the worldwide Electric Actuator market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Rotork
Auma
Flowserve
ABB
Emerson
BERNARD
CDF
Xiang Long
Tefulong
Hengchun
Chuanyi Automation
SAIC
Raga
Aotuo Ke
Tomoe
PS Automation
Nihon Koso
KOEI
Zhonghuan TIG
Electric Actuator Breakdown Data by Type
Multi-turn Electric Actuator
Part-Turn Electric Actuator
Linear Electric Actuator
Electric Actuator Breakdown Data by Application
Power industry
Oil&Gas industry
Chemical industry
General Industries
Others
Electric Actuator Production by Region
United States
Europe
China
Japan
Other Regions
Electric Actuator Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Electric Actuator status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Electric Actuator manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Electric Actuator :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Electric Actuator market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Electric Actuator . Industry analysis & Market Report on Electric Actuator is a syndicated market report, published as Global Electric Actuator Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Electric Actuator market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.