Rotary Actuator Market Outlook
According to the report by Expert Market Research (EMR), “The Global Rotary Actuator Market Size, Share, Analysis, Report and Forecast 2024-2032″,the global rotary actuator market is projected to grow at a CAGR of 6.10% between 2024 and 2032. Aided by the escalating demand for industrial automation and the growing applications of rotary actuators across various industries, the market is expected to grow significantly by 2032.
Rotary actuators are devices that produce rotational motion from energy input, typically in the form of pneumatic or hydraulic pressure. They play a critical role in a wide range of applications, from controlling valves in industrial processes to enabling movement in construction machinery and robotics. These actuators offer advantages such as high torque output, compact design, and precise positioning, making them a valuable tool in various industrial applications.
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The expanding trend towards industrial automation is a primary driver of the global rotary actuator market expansion. As industries strive to improve productivity, efficiency, and safety, the adoption of automated systems and machinery has significantly increased. Rotary actuators, with their ability to perform accurate and repeatable movements, are integral components of these automated systems, leading to a surge in their demand.
The wide-ranging applications of rotary actuators in various industries also contribute to rotary actuator market growth. In the oil and gas industry, for example, these actuators are used to control valves that regulate the flow of fluids. The manufacturing industry employs rotary actuators for assembly, material handling, and packaging tasks. Furthermore, the growing field of robotics utilises these actuators for the precise movement of robotic arms and joints.
Despite the high initial investment and maintenance costs associated with rotary actuators posing some resistance, the rotary actuator market is poised for substantial growth. The long-term advantages of enhanced operational efficiency and productivity offered by these actuators are expected to offset these initial expenses, ensuring a sustained market expansion.
Additionally, advancements in rotary actuator technologies are stimulating rotary actuator market development. Newer models of these actuators offer improved performance, durability, and energy efficiency, thereby broadening their potential applications. The ongoing development of electric rotary actuators, which offer the benefits of easy installation, lower maintenance, and environmental friendliness, is a particularly promising trend for the market.
Rotary Actuator Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
- Hydraulic Rotary Actuator
- Electric Rotary Actuator
- Pneumatic Rotary Actuator
Market Breakup by Application
- Metal and Mining
- Oil and Gas
- Construction
- Industrial
- Agriculture
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Rotary Actuator Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global rotary actuator companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- SMC Corporation of America
- Emerson Electric Co.
- Parker Hannifin Corp
- Festo Ltd.
- ABB Ltd.
- Bosch Rexroth Corporation
- Norgren Ltd.
- MISUMI Corporation
- Moog Inc.
- IMI Kynoch Limited
- Others
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