Rotary Actuators Market to grow by USD 800.99 Mn; Driven by the growth of industrial automation - Technavio

NEW YORK, Nov. 14, 2022 /PRNewswire/ -- The "Rotary Actuators Market by Product and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 800.99 million, accelerating at a CAGR of 4.52% between 2021 and 2026. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Download a Free PDF Sample Report

Market Driver

The market is driven by the growth of industrial automation. To increase productivity, manufacturers are integrating actuation devices into their manufacturing units. Rotary actuators are extensively used in various end-user industries like semiconductors, oil and gas, packaging, and aerospace and defense. The precision of the boards' position is the most important requirement during the manufacturing process. Electric rotary actuators are used to control and monitor the position of circuit boards over the PCB assembly unit. Similarly, rotary actuators are used in the gas turbines of the oil and gas industry to achieve low operating and maintenance costs. New investments in oil and gas exploration witnessed a flat growth rate during 2021-2026. All these factors are expected to contribute to the growth of the global rotary actuators market during the forecast period. Understand how the purchase of the report can have a direct impact on your revenue. Request a Free Sample Report

Vendor Landscape

The global rotary actuators market is highly competitive with the presence of category-focused, industry-focused, and diversified vendors. The key competing factors in the market are price, product differentiation, brand, quality, and performance. The established brands have an advantage over the local players in the means of a new project or client acquisition. Both the established players and local players are ensuring omnichannel presence for their product sales. Moreover, product differentiation is also negligible among the major vendors. Technavio identifies the following as the dominant players in the market.

  • ABB Ltd.
  • AUMA Riester GmbH and Co. KG
  • Curtiss Wright Corp.
  • Emerson Electric Co.
  • Flowserve Corp.
  • Harmonic Drive Systems Inc.
  • Holland Motion Group
  • IMI Critical Engineering
  • LINAK AS
  • MISUMI Group Inc.
  • Moog Inc.
  • Oriental Motor Co. Ltd.
  • Parker Hannifin Corp.
  • Pentair Plc
  • Rockwell Automation Inc.
  • Rotomation Inc.
  • Rotork Plc
  • Schlumberger Ltd.
  • Siemens AG
  • SMC Corporation
  • Tameson BV
  • Gain detailed insights into product launches, growth strategies adopted by vendors, and future opportunities. Buy Now!

Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Rotary Actuators Market Product Outlook (Revenue, USD Million, 2021-2026)
  • Pneumatic rotary actuators - size and forecast 2021-2026
  • Electric rotary actuators - size and forecast 2021-2026
  • Hydraulic rotary actuators - size and forecast 2021-2026

The market growth in the pneumatic rotary actuators segment will be significant during the forecast period. Pneumatic rotary actuators have a wide range of applications in ball valves, butterfly valves, and gate valves in the water and wastewater treatment industry. Pneumatic rotary actuators are also used in industries like chemical and petrochemical, power generation, mining, and oil and gas industries. The demand for pneumatic rotary actuators is increasing with the expansion of petrochemical plants globally.

Rotary Actuators Market Geography Outlook (Revenue, USD Million, 2021-2026)
  • North America - size and forecast 2021-2026
  • Europe - size and forecast 2021-2026
  • APAC - size and forecast 2021-2026
  • Middle East and Africa - size and forecast 2021-2026
  • South America - size and forecast 2021-2026

32% of the market growth will come from APAC during the forecast period. Rapid industrial automation, advances in agricultural devices, and the increasing usage of servo motors are the key factors driving the growth of the rotary actuators market in APAC. Emerging countries like India, Vietnam, Thailand, and Indonesia are the recent hubs for European and American companies investing in the business in the region. For instance, the industrial growth rate of Indonesia was higher than the national economic growth rate in 2020. Similarly, in India, the manufacturing industry is witnessing a growth of around 8% since 2021 because of government initiatives like Make in India. Therefore, the rapid growth of the manufacturing industry in APAC, coupled with increasing industrial automation, will drive the demand for rotary actuators in the region. Discover potential segments to invest in over the forecast period. Request a Free Sample Report

Related Reports:
  • The damper actuators market share is expected to increase by USD 628.67 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.5%. The proven and successful track record of early adopters and enhanced solution offerings for damper actuators is a key factor driving the global damper actuators market growth.
  • The smart pneumatics market share is expected to increase by USD 1.72 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.48%. The increasing use of smart pneumatics in the food and beverage industry is notably driving the smart pneumatics market growth, although factors such as the competitive pricing strategy of low-cost Asian manufacturers may impede the market growth.

Rotary Actuators Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.52%

Market growth 2022-2026

USD 800.99 million

Market structure

Fragmented

YoY growth (%)

4.11

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 32%

Key consumer countries

US, China, India, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., AUMA Riester GmbH and Co. KG, Curtiss Wright Corp., Emerson Electric Co., Flowserve Corp., Harmonic Drive Systems Inc., Holland Motion Group, IMI Critical Engineering, LINAK AS, MISUMI Group Inc., Moog Inc., Oriental Motor Co. Ltd., Parker Hannifin Corp., Pentair Plc, Rockwell Automation Inc., Rotomation Inc., Rotork Plc, Schlumberger Ltd., Siemens AG, SMC Corporation, and Tameson BV.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments 
    • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
  • 5.2 Comparison by Product 
    • Exhibit 26: Chart on Comparison by Product
    • Exhibit 27: Data Table on Comparison by Product
  • 5.3 Pneumatic rotary actuators - Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Pneumatic rotary actuators - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Pneumatic rotary actuators - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Pneumatic rotary actuators - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Pneumatic rotary actuators - Year-over-year growth 2021-2026 (%)
  • 5.4 Electric rotary actuators - Market size and forecast 2021-2026 
    • Exhibit 32: Chart on Electric rotary actuators - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Electric rotary actuators - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Electric rotary actuators - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Electric rotary actuators - Year-over-year growth 2021-2026 (%)
  • 5.5 Hydraulic rotary actuators - Market size and forecast 2021-2026 
    • Exhibit 36: Chart on Hydraulic rotary actuators - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Hydraulic rotary actuators - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Hydraulic rotary actuators - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Hydraulic rotary actuators - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Product 
    • Exhibit 40: Market opportunity by Product ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 India - Market size and forecast 2021-2026
    • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.12 France - Market size and forecast 2021-2026
    • Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 ABB Ltd. 
    • Exhibit 93: ABB Ltd. - Overview
    • Exhibit 94: ABB Ltd. - Business segments
    • Exhibit 95: ABB Ltd. - Key offerings
    • Exhibit 96: ABB Ltd. - Segment focus
  • 10.4 AUMA Riester GmbH and Co. KG 
    • Exhibit 97: AUMA Riester GmbH and Co. KG - Overview
    • Exhibit 98: AUMA Riester GmbH and Co. KG - Product / Service
    • Exhibit 99: AUMA Riester GmbH and Co. KG - Key offerings
  • 10.5 Curtiss Wright Corp. 
    • Exhibit 100: Curtiss Wright Corp. - Overview
    • Exhibit 101: Curtiss Wright Corp. - Business segments
    • Exhibit 102: Curtiss Wright Corp. - Key offerings
    • Exhibit 103: Curtiss Wright Corp. - Segment focus
  • 10.6 Emerson Electric Co. 
    • Exhibit 104: Emerson Electric Co. - Overview
    • Exhibit 105: Emerson Electric Co. - Business segments
    • Exhibit 106: Emerson Electric Co. - Key news
    • Exhibit 107: Emerson Electric Co. - Key offerings
    • Exhibit 108: Emerson Electric Co. - Segment focus
  • 10.7 Flowserve Corp. 
    • Exhibit 109: Flowserve Corp. - Overview
    • Exhibit 110: Flowserve Corp. - Business segments
    • Exhibit 111: Flowserve Corp. - Key news
    • Exhibit 112: Flowserve Corp. - Key offerings
    • Exhibit 113: Flowserve Corp. - Segment focus
  • 10.8 Harmonic Drive Systems Inc. 
    • Exhibit 114: Harmonic Drive Systems Inc. - Overview
    • Exhibit 115: Harmonic Drive Systems Inc. - Business segments
    • Exhibit 116: Harmonic Drive Systems Inc. - Key offerings
    • Exhibit 117: Harmonic Drive Systems Inc. - Segment focus
  • 10.9 Holland Motion Group 
    • Exhibit 118: Holland Motion Group - Overview
    • Exhibit 119: Holland Motion Group - Product / Service
    • Exhibit 120: Holland Motion Group - Key offerings
  • 10.10 Pentair Plc 
    • Exhibit 121: Pentair Plc - Overview
    • Exhibit 122: Pentair Plc - Business segments
    • Exhibit 123: Pentair Plc - Key news
    • Exhibit 124: Pentair Plc - Key offerings
    • Exhibit 125: Pentair Plc - Segment focus
  • 10.11 Rotork Plc 
    • Exhibit 126: Rotork Plc - Overview
    • Exhibit 127: Rotork Plc - Business segments
    • Exhibit 128: Rotork Plc - Key news
    • Exhibit 129: Rotork Plc - Key offerings
    • Exhibit 130: Rotork Plc - Segment focus
  • 10.12 SMC Corporation 
    • Exhibit 131: SMC Corporation - Overview
    • Exhibit 132: SMC Corporation - Business segments
    • Exhibit 133: SMC Corporation - Key offerings
    • Exhibit 134: SMC Corporation - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 135: Inclusions checklist
    • Exhibit 136: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 137: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 138: Research methodology
    • Exhibit 139: Validation techniques employed for market sizing
    • Exhibit 140: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 141: List of abbreviations
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/rotary-actuators-market-to-grow-by-usd-800-99-mn-driven-by-the-growth-of-industrial-automation---technavio-301675536.html

SOURCE Technavio

Posted In: Publishing/Information ServicesPress Releases