The global Electric Linear Actuators market was valued at US$ 1065.6 million in 2019 and it is expected to reach US$ 1484.9 million by the end of 2026, growing at a CAGR of 4.8% during 2021-2026.
Electric Linear Actuators are electrically powered, mechanical devices consisting of motors, linear guides, and drive mechanisms, which are used to convert electrical energy into linear displacement through mechanical transmission, electro-magnetism, or thermal expansion to provide straight line push/pull motion. Key specifications include the intended application, drive type, motor type, the mounting configuration, as well as other physical dimensions and electrical characteristics. Electric linear actuators are used primarily in automation applications when a machine component, tool, etc. requires a controlled movement to a particular position. They are used in a wide range of industries where linear positioning is needed. The actuators are driven by several means including ball or lead screws, belts, or voice coils, among others. Typical applications include opening and closing dampers, locking doors, braking machine motions, etc.
The Major sales regions of Electric Linear Actuators are China, India, Southeast Asia which accounted for about 80.43% of production market share in 2018. China is the largest consumption region with a market share of 46.79% in 2018.Electric Linear Actuators manufacturers range from large multinational corporations to small privately owned companies in this industry. The leading players are THK, IAI, Parker, TiMOTION, LINAK, accounting for 43.05 percent revenue market share in 2018.
Global Electric Linear Actuators Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Electric Linear Actuators Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Thk, Iai, Parker, Timotion, Linak, Abb, Skf, Chiaphua Components, Moteck Electric, Honeywell, Auma, Other and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- DC Electric Linear Actuators
- AC Electric Linear Actuators
Segment by Application
In Electric Linear Actuators market, Industrial segment holds an important share in terms of application, and it is expected to reach a volume of 5806 (K Units) by 2025, at a CAGR of 5.39% during 2018 and 2025. It means that Electric Linear Actuators will be promising in the Industrial field in the next couple of years.
Table of Content:
1 Electric Linear Actuators Market Overview
2 Electric Linear Actuators Market Competition by Manufacturers
3 Electric Linear Actuators Retrospective Market Scenario by Region
4 Global Electric Linear Actuators Historic Market Analysis by Type
5 Global Electric Linear Actuators Historic Market Analysis by Application
6 Key Companies Profiled
7 Electric Linear Actuators Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Electric Linear Actuators Market Dynamics
10 Global Electric Linear Actuators Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.