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Worldwide Electric Actuators Industry to 2024 - The Market is Driven by the Growing Demand for Commercial and Defense Aircraft

Research and Markets
·4-min read

Dublin, Nov. 03, 2020 (GLOBE NEWSWIRE) -- The "Global Electric Actuators Market 2020-2024" report has been added to's offering.

The electric actuators market is poised to grow by USD 843.86 million during 2020-2024 progressing at a CAGR of 6% during the forecast period. The 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.

The electric actuators market analysis includes end-user segment, type segment and geographical landscapes. 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 report covers the following areas:

  • Electric actuators market sizing

  • Electric actuators market forecast

  • Electric actuators market industry analysis

The 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., Emerson Electric Co., General Electric Co., LINAK AS, Moog Inc., Parker Hannifin Corp., Rotork Plc, Siemens AG, SMC Corp., and Toshiba 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 on 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 report 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. The publisher'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 an accurate market growth.

Key Topics Covered:

1. Executive Summary

  • Market Overview

2. Market Landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

3. Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

4. Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

5. Market Segmentation by End-user

  • Market segments

  • Comparison by End user

  • Automotive industry - Market size and forecast 2019-2024

  • Water and wastewater industry - Market size and forecast 2019-2024

  • Marine industry - Market size and forecast 2019-2024

  • Aerospace and defense industry - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by End user

6. Market Segmentation by Type

  • Market segments

  • Comparison by Type

  • Linear actuators - Market size and forecast 2019-2024

  • Rotary actuators - Market size and forecast 2019-2024

  • Market opportunity by Type

7. Customer landscape

  • Customer landscape

8. Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

9. Vendor Landscape

  • Vendor landscape

  • Landscape disruption

10. Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • ABB Ltd.

  • Emerson Electric Co.

  • General Electric Co.


  • Moog Inc.

  • Parker Hannifin Corp.

  • Rotork Plc

  • Siemens AG

  • SMC Corp.

  • Toshiba Corp.

11. Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

For more information about this report visit

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