Global Rotary Actuators Market was valued $37.4 Bn in 2020 and is expected to reach $53.3 Bn by 2027, at a CAGR of 5.2% during the forecast period.
Rotary Actuators Market Overview:
For the global industry's Rotary Actuators market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.
The worldwide Rotary Actuators market's growth reasons, as well as the market's many users, are discussed. Data is provided by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis should be presented in the form of statistics, infographics, and presentations.
Market Scope:
Our crew gathers market information and data from a variety of sources in order to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic data.
The competitive landscape for the Rotary Actuators market gives information by a competitor. Corporate overview, financials, revenue produced, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application domination are all contained in the details. The data points shown above are only linked to the firms' concentration on the window sensors industry.
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Drivers:
The primary reasons anticipated to propel the market for Rotary actuators globally are the necessity to boost productivity and decrease downtime in industrial facilities and manufacturing activities around the world. Increasing demand for industrial robots and process automation across a variety of industrial verticals, as well as the development of sophisticated and affordable robotics, are some of the opportunities influencing the growth of the Rotary Actuators market.
Servo motors have a high demand for rotary actuators. Robotics, camera auto-focus, antenna positioning, and spinning machines for textiles are a few of the primary applications of servo motors. Servo motors are widely employed in applications that demand accurate position control. During the projected period, the demand for rotary actuators is anticipated to be driven by the expansion of end-user industries along with increasing industrial automation.
Segmentation:
Due to their low cost, rapid reaction, and excellent energy efficiency, pneumatic systems have quickly evolved in industrial production. Since pneumatic actuators can be handled automatically without being physically present close to the pipelines, several manufacturers are substituting them for human levers. Actuators are now preferred by businesses over manual gears because they perform more quickly and efficiently. As a result, it is anticipated that demand for pneumatic actuators would grow dramatically. The pneumatic rotary actuator is frequently employed in the rotation of mechanical arms because it can handle changes in rotational angle. High efficiency and energy conservation are the current development trends for pneumatic servo control systems.
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Key Players: The key players are
• Curtiss-Wright Corporation
• Emerson Electric Co.
• Flowserve Corporation
• Rotork plc
• SMC Corporation
• ABB LTD
• General Electric Co
• LINAK AS
• Moog Inc
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Regional Analysis:
A country-level study of the Rotary Actuators Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Rotary Actuators Market study.
COVID-19 Impact Analysis on Rotary Actuators Market: The report covers COVID-19 impact on Rotary Actuators market.
Key Questions Answered in the Rotary Actuators Market Report are:
- What will be the CAGR of the Rotary Actuators market during the forecast period?
- Which segment emerged as the leading segment in the Rotary Actuators market?
- Which are the prominent players in the Rotary Actuators market?
- What will be the Rotary Actuators market size by 2027?
- Which company held the largest share in the Rotary Actuators market?
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