Enjoy complimentary customisation on priority with our Enterprise License!
The rotary actuators market size is forecast to increase by USD 798.6 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing adoption of industrial automation in various sectors such as oil and gas, water and wastewater treatment, and power generation. A notable trend in the market is the advent of flood-proof submersible electric actuators, which offer enhanced reliability and performance in harsh environments. The heavy duty motion of the mechanical arm, powered by a hydraulic rotary actuator and enhanced with energy-saving features, showcases the competitive advantages outlined in Porter's Five Forces model, particularly in the context of fuel-powered and electrical devices. However, the market is also facing challenges due to the volatility in raw material prices, particularly for metals used in actuator manufacturing. To mitigate this, manufacturers are exploring alternative materials and production methods to reduce costs and maintain competitiveness. In summary, the market is poised for growth, fueled by industrial automation and the development of advanced actuator technologies, while navigating the challenges posed by raw material price fluctuations.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.