Electric Actuator Market By Type (Rotary Electric Actuators, Linear Electric Actuators), By Technology (Brushed Electric Actuators, Brushless Electric Actuators), By End-Use Industry (Manufacturing, Automotive, Aerospace & Defense, Healthcare, Energy & Utilities, Robotics), By Application (Industrial Automation, Automotive Systems, Robotics & CNC Machinery, HVAC Systems, Medical Equipment), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Electric Actuator Market was valued at USD 15.2 billion and will surpass USD 24.8 billion by 2030; growing at a CAGR of 7.2% during 2024 - 2030.

The electric actuator market is experiencing significant growth driven by the increasing demand for automation, precision control, and energy-efficient systems across various industries. Electric actuators are devices that convert electrical energy into mechanical motion, offering advantages such as reliability, ease of integration, and high precision. These actuators play a crucial role in applications ranging from industrial automation and automotive systems to healthcare and energy industries. As industries strive for improved efficiency and reduced operational costs, the adoption of electric actuators is expanding rapidly.

Technological advancements, such as the development of brushless electric actuators and the growing trend of Industry 4.0, have further propelled market growth. The ability of electric actuators to provide precise control with minimal maintenance requirements has made them a preferred solution in sectors where performance, safety, and sustainability are priorities.

Rotary Electric Actuators Segment is Largest Due to Wide Adoption in Automation

The rotary electric actuators segment is the largest in the electric actuator market, driven by their widespread application in industrial automation and control systems. Rotary actuators are used to create rotary motion and are typically employed in valve control, robotics, and automation systems where precise angular movement is required. These actuators offer high torque output, durability, and reliability, making them ideal for critical applications in manufacturing, aerospace, and energy systems.

Rotary electric actuators are particularly favored in industries such as oil and gas, manufacturing, and robotics, where they are integral to processes like valve operation and robotics arm control. The growing adoption of automation technologies, combined with the need for efficient and controlled motion, positions rotary electric actuators as a key driver in the market's expansion. As automation continues to rise, the demand for rotary electric actuators is expected to remain robust.

Brushless Electric Actuators Segment is Fastest Growing Due to Enhanced Efficiency

The brushless electric actuators segment is the fastest-growing due to their superior performance, efficiency, and longevity compared to traditional brushed actuators. Brushless actuators use permanent magnets to generate motion, eliminating the wear and tear associated with brushes. This makes them highly reliable and suitable for demanding applications in automotive systems, robotics, and aerospace.

Brushless electric actuators offer increased energy efficiency, reduced maintenance, and higher operational speeds, which are driving their adoption in high-performance applications. With industries becoming more energy-conscious and seeking longer-lasting solutions, the brushless segment is experiencing rapid growth. As the demand for automation and precision control across various sectors rises, brushless electric actuators are expected to see continued expansion.

Industrial Automation is Largest Application Due to Rising Demand for Process Control

The industrial automation application segment is the largest in the electric actuator market, driven by the increasing demand for automated processes, improved efficiency, and safety in manufacturing plants. Electric actuators are integral components in automated systems, controlling the movement of machinery, robotics, valves, and other equipment within industrial settings. The shift towards smart manufacturing and Industry 4.0 technologies has accelerated the need for electric actuators, which are crucial for ensuring precision and reliability in automated environments.

Industries such as chemicals, automotive, and food processing rely heavily on electric actuators for seamless production lines, enhancing product quality while minimizing downtime and manual intervention. The growing trend of factory automation and predictive maintenance is further propelling the demand for electric actuators in industrial applications. As the automation trend continues to gain momentum, industrial automation will remain the dominant application segment.

Automotive Industry is Fastest Growing Due to Shift Towards Electric Vehicles

The automotive industry represents the fastest-growing end-use industry in the electric actuator market, largely driven by the shift towards electric vehicles (EVs) and advanced vehicle technologies. Electric actuators are used in various automotive systems, including steering, braking, window mechanisms, and electric seat adjustments. The rise of EVs, which require precise control systems and energy-efficient components, has significantly boosted the demand for electric actuators in this sector.

In addition, the increasing adoption of autonomous vehicles, which rely on advanced control mechanisms for operations, further fuels the need for electric actuators. With automotive manufacturers striving to enhance vehicle performance, comfort, and energy efficiency, electric actuators are playing a pivotal role in meeting these demands. As EVs and smart vehicle technologies continue to evolve, the automotive sector will continue to drive the growth of electric actuators.

North America is Largest Region Due to Advanced Technological Adoption

North America is the largest region in the electric actuator market, driven by the region’s strong focus on technological innovation, automation, and industrialization. The U.S. and Canada are home to several key industries, including automotive, aerospace, energy, and manufacturing, all of which heavily rely on electric actuators for enhanced performance and operational efficiency. The presence of leading manufacturers, coupled with the adoption of smart technologies and automation, supports the growth of the electric actuator market in this region.

Additionally, North America’s investment in renewable energy, smart grids, and automation technologies further boosts the demand for electric actuators. As industries in the region continue to modernize and adopt more efficient, sustainable solutions, North America will remain a dominant player in the global electric actuator market.

Competitive Landscape and Key Players

The electric actuator market is competitive, with key players focusing on product innovation, strategic partnerships, and regional expansion to maintain their market leadership. Prominent companies such as Emerson Electric Co., Siemens AG, Parker Hannifin Corporation, Schneider Electric, and Rockwell Automation are at the forefront of developing advanced electric actuator solutions.

These companies are investing in R&D to enhance the performance, energy efficiency, and precision of their actuators, catering to diverse industry needs. They are also expanding their product portfolios to include brushless electric actuators, IoT-enabled actuators, and other smart technologies. Strategic mergers, acquisitions, and collaborations are key strategies to enhance market reach and technology development. With increasing demand for automation and energy-efficient solutions, the competitive landscape of the electric actuator market is expected to remain dynamic and innovation-driven.

Recent Developments:

• Siemens AG launched a new range of brushless electric actuators for industrial automation applications.
• Rockwell Automation expanded its electric actuator portfolio to include customizable solutions for the automotive sector.
• Emerson Electric Co. developed a new electric actuator system designed for energy-efficient HVAC applications.
• ABB Ltd. introduced a linear electric actuator with enhanced precision and load capacity for aerospace applications.
• Parker Hannifin Corporation announced a partnership with a robotics company to supply electric actuators for robotic arms.

List of Leading Companies:

• Siemens AG
• Rockwell Automation, Inc.
• Emerson Electric Co.
• ABB Ltd.
• Schneider Electric
• Parker Hannifin Corporation
• Johnson Electric
• Moog Inc.
• Camozzi Automation
• Honeywell International Inc.
• SMC Corporation
• Linak Group
• Actuonix Motion Devices
• Festo AG & Co. KG
• Stöber Drives

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