Robotics and Automation Actuators Market Size to Hit USD 89.61 Billion by 2029

[Md. Abdur Rahim]

Xherald



The global robotics and automation actuators market is expected to grow at 12.7 % CAGR from 2023 to 2029. It is expected to reach above USD 89.61 billion by 2029 from USD 13.56 billion in 2022.

Exactitude Consultancy research’s “Robotics and Automation Actuators Market Forecast” study report focuses at sales and the overall global market for Robotics and Automation Actuators in 2022. The sales forecast for Robotics and Automation Actuators by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Robotics and Automation Actuators market, with sales of Robotics and Automation Actuators broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Robotics and Automation Actuators Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

Driver: Robotics and automation actuators’ ongoing technical improvements

The requirement for better performance Actuators for robotics and automation, such as electronic actuators, tiny pneumatic actuators, and explosion-proof actuators, have been developed for usage in a variety of sectors. The most technologically advanced actuators are electrical ones. Due to their quietness, cleanliness, non-toxicity, and energy efficiency, they are being used more and more in the mining, automation, aerospace & defense, and chemical industries. In comparison to hydraulic and pneumatic actuators, these actuators are more effective.

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer’s financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Robotics and Automation Actuators market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Robotics and Automation Actuators Market are:

Abb, Rockwell Automation, Moog, Emerson Electric Co., SMC, Curtiss-Wright, Misumi Group Inc, Altra Industrial Motion, Tolomatic, IAI, SKF, Harmonic Drive Llc, Nook Industries, Inc, Kollmorgen, DVG Automation, Macron Dynamics, Rotomation, Cedrat Technologies, Kinitics Automation, Festo, Venture Mfg. Co.

Recent Developments:

The largest paper and paperboard company in India’s installation and remote commissioning of new actuators is successfully finished by ABB in February 2022. ITC will gain from decreased CD profile variability and better diagnostics due to the integrated monitoring of each actuator as a result of the upgrade to Slice XP, which is simple to install and maintain.
Rockwell Automation and Comau partnered in April 2021 to make it easier for manufacturers to integrate robots.
Robotics and Automation Actuators Market Segmentation:

Robotics And Automation Actuators Market By Actuation, 2020-2029, (USD Billion), (Thousand Units)

Electric

Hydraulic

Pneumatic

Others

Robotics And Automation Actuators Market By Application, 2020-2029, (USD Billion), (Thousand Units)

Process Automation

Robotics

Robotics And Automation Actuators Market By Type, 2020-2029, (USD Billion), (Thousand Units)

Linear Actuators

Rotary Actuators

Robotics And Automation Actuators Market By Vertical, 2020-2029, (USD Billion), (Thousand Units)

Food & Beverages

Oil & Gas

Metals, Mining & Machinery

Power Generation

Chemicals, Paper & Plastics

Pharmaceutical & Healthcare

Automotive

Aerospace & Defense

Marine

Electronics & Electricals

Logistics

Inspection, Maintenance & Cleaning

Agriculture & Forestry

Robotics And Automation Actuators Market By Design Characteristic, 2020-2029, (USD Billion), (Thousand Units)

Load

Torque

Robotics And Automation Actuators Market By Region, 2020-2029, (USD Billion), (Thousand Units)

North America

Asia Pacific

Europe

South America

Middle East And Africa

Important Countries In All Regions Are Covered.

Our market analysts are professionals at carefully categorizing the global Robotics and Automation Actuators market into various categories and assessing each segment’s growth potential in detail. The research study begins with a comparison of the segments’ consumption and growth rates throughout a nine-year assessment period. The report’s segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Robotics and Automation Actuators market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market’s present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Source: IGITAL JOURNAL INC
Original Content: https://shorturl.at/vIKR6