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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.
The market encompasses electrical devices that convert energy into rotary motion to automate industrial processes. These actuators are essential components in various industries, including automotive, oil and gas, semiconductor production, and defense. The fuel powered electrical device utilizes a pneumatic rotary actuator equipped with energy saving features to enhance efficiency and performance. They are used in automatic valves, exhaust systems, engine systems, suspension systems, and other applications requiring heavy-duty motion and high torque capabilities. Rotary actuators offer superior efficiency and quality compared to manual systems, making them ideal for control and monitoring in industrial automation processes. They come in different types, such as fuel-powered and manual, but the electrical rotary actuators dominate the market due to their versatility and precision.
Furthermore, oscillatory motion and rotary motion rotary actuators are widely used in various end products, including exhaust systems, engine systems, and valves. The market is driven by the increasing demand for efficient and high-force capabilities in industrial applications. The market's growth is also influenced by the rising adoption of rotary actuators in the semiconductor industry and defense sectors. Mechanical stiffness and high force capabilities are critical factors that determine the performance of rotary actuators. The market is expected to grow significantly due to the increasing focus on improving product process control and monitoring in various industries. The future of the market looks promising, with ongoing research and development in the field of motion control technology.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The pneumatic rotary actuators segment is estimated to witness significant growth during the forecast period. Rotary actuators are essential components in various industrial automation processes, providing oscillatory or rotary motion to automatic valves, heavy-duty machinery, and end products. These electrical, fuel-powered, or pneumatic devices offer high torque capabilities and mechanical stiffness for controlling movement in applications such as semiconductor production, defense, oil and gas manufacturing units, and assembly units. The market for rotary actuators includes hydraulic, electric, and pneumatic types, catering to diverse industries like metal mining, construction, agriculture, and automotive. Manufacturers focus on efficiency, quality, and product process control and monitoring to meet the evolving demands of these sectors. Mergers, acquisitions, and expansion plans continue to shape the competitive landscape of the rotary actuator market. Applications include valve actuation, flap control in exhaust systems, engine systems, suspension systems, and power steering.
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The Pneumatic rotary actuators segment was valued at USD 1.80 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Rotary actuators are essential components in various industrial automation processes, providing oscillatory and rotary motion to control valves, flaps, exhaust systems, engine systems, suspension systems, power steering, and more. These electrical or fuel-powered devices come in manual and automatic versions, catering to heavy-duty motion and high torque applications. In industries like semiconductor production, defense, oil and gas manufacturing units, and mining, rotary actuators play a pivotal role in movement control. Manufacturers focus on efficiency, quality, and mechanical stiffness to meet the demands of high force capabilities in their product processes. Assembly units employ hydraulic, electric, or pneumatic rotary actuators based on specific application requirements.
Furthermore, mergers, acquisitions, and expansion plans continue to shape the market landscape, with key players investing in research and development to offer innovative solutions. Industrial end products, such as valves, rely on rotary actuators for precise control and monitoring, ensuring optimal performance and productivity.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growth of industrial automation is the key driver of the market. In the global industrial landscape, the manufacturing sector represents the second largest sector for automation adoption, following the IT sector. Rotary actuators play a pivotal role in this automation trend, particularly in continuous production processes where they transform raw materials into finished goods. These systems are crucial for monitoring and controlling the manufacturing process, ensuring optimal productivity.
Furthermore, rotary actuators are widely utilized in various industries such as semiconductors, oil and gas, packaging, and aerospace and defense. For instance, in a printed circuit board (PCB) assembly unit, the precision of the board's positioning during the manufacturing process is paramount. Rotary actuators, with their quick response time and energy-saving features, are the ideal solution for such applications. Technologically advanced rotary actuators offer precise angle of rotation, making them indispensable in automation systems. With rising investments in industrial development and the increasing demand for automation, the market for rotary actuators is poised for significant growth.
The advent of flood-proof submersible electric actuators is the upcoming trend in the market. The market has witnessed significant development in recent times, with technologically advanced solutions gaining traction. Emerson Electric's launch of the EIM Aquanaught in August 2018 is a prime example of innovation in the sector. This flood-proof submersible electric rotary actuator is designed for critical isolation applications in wastewater treatment plants, even during heavy water processing volumes.
Furthermore, the actuator can function effectively when submerged under 150 feet of dirty water for an extended period. Its mechanical design includes a waterproof enclosure and hermetically sealed connections, ensuring continuous plant operation during flooding conditions. The actuator is suitable for gate or valve isolation applications in various industries, including wastewater, water, hydropower, flood control, and desalination plants. Energy savings and quick response time are essential features of these technologically advanced rotary actuators, making them an attractive investment for automation projects. Rising investments in infrastructure development and the need for reliable rotational systems further boost market growth.
Volatility in raw material prices is a key challenge affecting the market growth. Rotary actuators, technologically advanced automation solutions, have gained significant traction in various industries due to their quick response time and energy-saving features. These rotational systems are primarily manufactured using key raw materials such as copper, stainless steel, aluminum, cast iron, brass, bronze, and other metal alloys. However, the volatility in the prices of these raw materials poses a challenge to market growth.
Additionally, trade tariffs imposed by countries, including the US, further impact the price volatility. For instance, the US imposed a 10% trade tariff on aluminum imports from Canada, Mexico, the EU, and China. Despite these challenges, rising investments in automation and the development of new applications continue to drive the market forward.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd.: The company offers rotary actuators such as PME120, RHDE250, RHDE800, RHDE2500, and RHDE4000.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a wide range of electrical devices designed to convert power into rotary motion. These actuators are essential components in various industrial automation processes, providing movement control for automatic valves, flaps, exhaust systems, engine systems, power steering, and suspension systems, among others. They are available in different types, including fuel-powered, manual, hydraulic, pneumatic, and electric rotary actuators. Heavy-duty rotary actuators are widely used in high torque applications, such as semiconductor production, oil and gas manufacturing units, defense, and mining industries. The demand for these actuators is driven by their efficiency, quality, and high force capabilities. The market for rotary actuators is witnessing significant growth due to the increasing adoption of industrial automation processes in various end products.
Furthermore, mergers, acquisitions, and expansion plans by key players are also contributing to the market's growth. The product process involves the manufacturing of metal components and the assembly of these parts into functional actuators. Monitoring and control systems ensure the optimal performance of these actuators, ensuring the smooth functioning of the systems they serve. In summary, the market is a dynamic and growing industry, providing essential components for various industries, from automotive to oil and gas, defense, and mining. The market's growth is driven by the increasing demand for automation, efficiency, and quality in industrial processes.
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Market Scope |
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Report Coverage |
Details |
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Page number |
149 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
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Market growth 2024-2028 |
USD 798.6 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.23 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 34% |
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Key countries |
US, China, Germany, France, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key 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 Corp., Tameson BV, and W.W. Grainger Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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
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