Market Overview:
The global electromechanical actuator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electromechanical actuators in various applications, such as agricultural equipment, aviation, oil and gas, metals and mining, and construction. Additionally, the growing demand for miniaturized actuators is also contributing to the growth of this market.
Product Definition:
An electromechanical actuator (EMA) is an actuator that uses one or more electric motors to produce force and motion. EMA's are used extensively in industrial automation applications.
Oscillatory Motion:
Oscillatory motion is a mechanical phenomenon wherein an object or part of the body moves back and forth in a regular rhythm. Oscillation can be generated by various means such as pendulum, weight, spring, fluid vibration etc. The most common form of oscillating device is probably the vibrator which generates vibrations in an elastic material like rubber or plastic. These vibrations are then used to drive electric motors which produce rotary motion energy for driving machinery etc.
Rotary Motion:
Rotary motion is a cyclic movement of an object around an axis. It is produced by the objects rotating around their own center of mass. The most common example of rotary motion would be a spinning wheel or rotor in an electric motor.
Application Insights:
The application segment includes agricultural equipment, aviation, oil and gas, metallurgical and mining equipment, construction machinery and others. The agriculture sector is expected to be the major consumer owing to the rising population coupled with increasing demand for high-tech products in this sector. This sector accounted for over 25% of overall market share in 2017.
The global electromechanical actuator market has witnessed significant growth due to its wide applications across various industries such as oil & gas (oscillation/rotary motion), metal & mining (oscillation/rotary motion), food processing (linear motion) etc. Furthermore, these devices are used extensively across all types of industrial machinery including material handling systems where they are utilized in boom lifting mechanisms or other linear actuators that propel materials through a conveyor system or into a storage silo etc.
Regional Analysis:
Europe accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region is characterized by stringent regulations regarding energy consumption, which has led to a rise in demand for actuators with low power consumption. Europe also houses several major aircraft manufacturers such as Airbus and Rolls-Royce Holdings Limited, which has led to an increase in demand from aerospace industry. Asia Pacific is anticipated to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing high product availability along with increasing infrastructure activities across various industries including healthcare, construction and transportation sector. Moreover, rising awareness about environment protection coupled with government initiatives such as “Make in India†campaign undertaken by Indian Government are expected drive product adoption across end users located within Asia Pacific region over the next eight years.
Growth Factors:
- Increasing demand for electromechanical actuators in the automotive industry for power steering and braking systems.
- Growing demand from the construction and mining industries for actuation of valves, gates, and other equipment.
- Rising popularity of electric vehicles which require more sophisticated actuators to control powertrain functions.
- Proliferation of smart devices and the internet of things which need actuators to control various sensors and components.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electromechanical Actuator Market Research Report
By Type
Oscillatory Motion, Rotary Motion, Linear Motion
By Application
Agricultural Equipment, Aviation, Oil And Gas, Metals And Mining, Construction
By Companies
United Technologies Corporation, Umbra Group, Parker Hannifin, Festo, Eaton, Crane Process Flow Technologies, Honeywell International, Bosch Rexroth, Rockwell Collins, GE Energy and Moog, United Technologies Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Electromechanical Actuator Market Report Segments:
The global Electromechanical Actuator market is segmented on the basis of:
Types
Oscillatory Motion, Rotary Motion, Linear Motion
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agricultural Equipment, Aviation, Oil And Gas, Metals And Mining, Construction
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- United Technologies Corporation
- Umbra Group
- Parker Hannifin
- Festo
- Eaton
- Crane Process Flow Technologies
- Honeywell International
- Bosch Rexroth
- Rockwell Collins
- GE Energy and Moog
- United Technologies Corporation
Highlights of The Electromechanical Actuator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oscillatory Motion
- Rotary Motion
- Linear Motion
- By Application:
- Agricultural Equipment
- Aviation
- Oil And Gas
- Metals And Mining
- Construction
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electromechanical Actuator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electromechanical actuator is a type of actuator that uses electricity to move or control the motion of a mechanical component.
Some of the key players operating in the electromechanical actuator market are United Technologies Corporation, Umbra Group, Parker Hannifin, Festo, Eaton, Crane Process Flow Technologies, Honeywell International, Bosch Rexroth, Rockwell Collins, GE Energy and Moog, United Technologies Corporation.
The electromechanical actuator market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electromechanical Actuator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electromechanical Actuator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electromechanical Actuator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electromechanical Actuator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electromechanical Actuator Market Size & Forecast, 2018-2028
4.5.1 Electromechanical Actuator Market Size and Y-o-Y Growth
4.5.2 Electromechanical Actuator Market Absolute $ Opportunity
Chapter 5 Global Electromechanical Actuator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electromechanical Actuator Market Size Forecast by Type
5.2.1 Oscillatory Motion
5.2.2 Rotary Motion
5.2.3 Linear Motion
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electromechanical Actuator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electromechanical Actuator Market Size Forecast by Applications
6.2.1 Agricultural Equipment
6.2.2 Aviation
6.2.3 Oil And Gas
6.2.4 Metals And Mining
6.2.5 Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electromechanical Actuator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electromechanical Actuator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electromechanical Actuator Analysis and Forecast
9.1 Introduction
9.2 North America Electromechanical Actuator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electromechanical Actuator Market Size Forecast by Type
9.6.1 Oscillatory Motion
9.6.2 Rotary Motion
9.6.3 Linear Motion
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electromechanical Actuator Market Size Forecast by Applications
9.10.1 Agricultural Equipment
9.10.2 Aviation
9.10.3 Oil And Gas
9.10.4 Metals And Mining
9.10.5 Construction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electromechanical Actuator Analysis and Forecast
10.1 Introduction
10.2 Europe Electromechanical Actuator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electromechanical Actuator Market Size Forecast by Type
10.6.1 Oscillatory Motion
10.6.2 Rotary Motion
10.6.3 Linear Motion
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electromechanical Actuator Market Size Forecast by Applications
10.10.1 Agricultural Equipment
10.10.2 Aviation
10.10.3 Oil And Gas
10.10.4 Metals And Mining
10.10.5 Construction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electromechanical Actuator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electromechanical Actuator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electromechanical Actuator Market Size Forecast by Type
11.6.1 Oscillatory Motion
11.6.2 Rotary Motion
11.6.3 Linear Motion
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electromechanical Actuator Market Size Forecast by Applications
11.10.1 Agricultural Equipment
11.10.2 Aviation
11.10.3 Oil And Gas
11.10.4 Metals And Mining
11.10.5 Construction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electromechanical Actuator Analysis and Forecast
12.1 Introduction
12.2 Latin America Electromechanical Actuator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electromechanical Actuator Market Size Forecast by Type
12.6.1 Oscillatory Motion
12.6.2 Rotary Motion
12.6.3 Linear Motion
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electromechanical Actuator Market Size Forecast by Applications
12.10.1 Agricultural Equipment
12.10.2 Aviation
12.10.3 Oil And Gas
12.10.4 Metals And Mining
12.10.5 Construction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electromechanical Actuator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electromechanical Actuator Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electromechanical Actuator Market Size Forecast by Type
13.6.1 Oscillatory Motion
13.6.2 Rotary Motion
13.6.3 Linear Motion
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electromechanical Actuator Market Size Forecast by Applications
13.10.1 Agricultural Equipment
13.10.2 Aviation
13.10.3 Oil And Gas
13.10.4 Metals And Mining
13.10.5 Construction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electromechanical Actuator Market: Competitive Dashboard
14.2 Global Electromechanical Actuator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 United Technologies Corporation
14.3.2 Umbra Group
14.3.3 Parker Hannifin
14.3.4 Festo
14.3.5 Eaton
14.3.6 Crane Process Flow Technologies
14.3.7 Honeywell International
14.3.8 Bosch Rexroth
14.3.9 Rockwell Collins
14.3.10 GE Energy and Moog
14.3.11 United Technologies Corporation
