Global Electric Actuators Market 2021-2025 The analyst has been monitoring the electric actuators market and it is poised to grow by $ 3. 96 bn during 2021-2025, progressing at a CAGR of over 5% during the forecast period.
New York, July 14, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Electric Actuators Market 2021-2025" - https://www.reportlinker.com/p04973807/?utm_source=GNW
Our report on electric actuators market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for commercial and defense aircraft, increasing use of electric actuator in industrial robots and automation, and growing demand for smart actuators. In addition, growing demand for commercial and defense aircraft is anticipated to boost the growth of the market as well.
The electric actuators market analysis includes end-user segment, type segment, and geographic landscape.
The electric actuators market is segmented as below:
• Automotive industry
• Water and wastewater industry
• Marine industry
• Aerospace and defense industry
• Linear actuators
• Rotary actuators
By Geographical Landscape
• North America
• South America
This study identifies the increased benefits of electric actuator over hydraulic or pneumatic actuator as one of the prime reasons driving the electric actuators market growth during the next few years. Also, growing use of electric actuator in smart homes and increasing demand from renewable energy sources will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on electric actuators market covers the following areas:
• Electric actuators market sizing
• Electric actuators market forecast
• Electric actuators market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric actuators market vendors that include ABB Ltd., Curtiss-Wright Corp., Emerson Electric Co., General Electric Co., LINAK AS, Moog Inc., Parker Hannifin Corp., Rotork Plc, Siemens AG, and SMC Corp. Also, the electric actuators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report: https://www.reportlinker.com/p04973807/?utm_source=GNW
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