Market Overview:
The global part-turn electric actuators 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 electric actuators in various industries such as power, oil & gas, chemical and others. Additionally, the growing awareness about energy efficiency and the need for advanced automation solutions are also contributing to the growth of this market. Based on type, AC motors accounted for a major share of the global part-turn electric actuators market in 2017. This can be attributed to their high efficiency and reliability compared with DC motors.
Product Definition:
A part-turn electric actuator is a device used to convert electrical energy into mechanical energy, which can be used to control the position or flow of fluids or gases. Part-turn electric actuators are important because they can be used to control many different types of systems, including pipelines, valves, and flaps.
AC Motors:
AC motors are used in various applications such as consumer goods, industrial robots, medical devices and HVAC equipment. The growth factor for this market is the need for energy-efficient systems to reduce operating costs and improve sustainability.
The global AC motors market size was valued at USD 13.5 billion in 2016.
DC Motors:
DC motors are used in part-turn electric actuators for various applications such as micro switches, position sensors, and limit switches. DC motors have low power consumption and high torque density which makes them suitable to be used in small electronic devices.
The market is expected to grow at a CAGR of XX% from 2017 to 2025 owing to the growing demand for electronics across the globe.
Application Insights:
The power industry segment accounted for the largest share in 2016 and is expected to witness significant growth over the forecast period. The rising demand for part-turn electric actuators in hydroelectric plants, water treatment facilities, coal conveyors and other industrial applications is projected to drive their demand. In addition, favorable government policies regarding renewable energy are anticipated to augment market growth over the coming years.
The oil & gas industry segment accounted for a significant share in 2016 owing to its need for highly efficient motors with low maintenance costs and high reliability. Furthermore, increasing exploration activities coupled with growing production of crude oil are expected to increase product demand across various industries such as chemical processing centers and offshore platforms among others during the forecast period 2018 - 2030 ¢â‚¬Å“2030AD (estimated date).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for power generation, chemical processing, and other industrial applications in emerging economies such as China and India. In addition, rising investments in infrastructure development are also anticipated to fuel product demand across this region.
The European part-turn electric actuators market is likely to witness a significant rise due to growing adoption of electric actuators across several industries including oil & gas, petrochemical, water treatment etc.
North America accounted for over 15% share of global revenue in 2017 owing high usage rates observed from end users such as power generation.
Growth Factors:
- Increasing demand for electric actuators in the automotive industry for power steering and braking systems.
- Growing demand from the oil & gas sector for actuators in control valves and wellheads.
- Rising popularity of electric actuators in renewable energy applications such as wind turbines and solar panels.
- Increasing use of electric actuators in manufacturing and process automation industries.
- Growing demand from emerging markets such as China, India, Brazil, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Part-Turn Electric Actuators Market Research Report
By Type
AC Motors, DC Motors
By Application
Power Industry, Oil & Gas Industry, Chemical Industry, Others
By Companies
Rotork, Auma, Flowserve, Emerson, ABB, Bernard Controls, SNNA, Biffi, Tomoe, Nihon Koso, Rotork, CDF, SAIC, Aotuo Ke, Chuanyi Automation, Zhonghuan TIG, SIG, PS Automation
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Part-Turn Electric Actuators Market Report Segments:
The global Part-Turn Electric Actuators market is segmented on the basis of:
Types
AC Motors, DC Motors
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
Power Industry, Oil & Gas Industry, Chemical Industry, Others
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:
- Rotork
- Auma
- Flowserve
- Emerson
- ABB
- Bernard Controls
- SNNA
- Biffi
- Tomoe
- Nihon Koso
- Rotork
- CDF
- SAIC
- Aotuo Ke
- Chuanyi Automation
- Zhonghuan TIG
- SIG
- PS Automation
Highlights of The Part-Turn Electric Actuators 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:
- AC Motors
- DC Motors
- By Application:
- Power Industry
- Oil & Gas Industry
- Chemical Industry
- Others
- 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 Part-Turn Electric Actuators 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Part-turn electric actuators are a type of electric motor that can be turned by a part of its shaft. This allows the actuator to move in multiple directions, which is useful for tasks such as moving parts or rotating objects.
Some of the major companies in the part-turn electric actuators market are Rotork, Auma, Flowserve, Emerson, ABB, Bernard Controls, SNNA, Biffi, Tomoe, Nihon Koso, Rotork, CDF, SAIC, Aotuo Ke, Chuanyi Automation, Zhonghuan TIG, SIG, PS Automation.
The part-turn electric actuators 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 Part-Turn Electric Actuators 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 Part-Turn Electric Actuators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Part-Turn Electric Actuators 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 Part-Turn Electric Actuators 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 Part-Turn Electric Actuators Market Size & Forecast, 2018-2028
4.5.1 Part-Turn Electric Actuators Market Size and Y-o-Y Growth
4.5.2 Part-Turn Electric Actuators Market Absolute $ Opportunity
Chapter 5 Global Part-Turn Electric Actuators 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 Part-Turn Electric Actuators Market Size Forecast by Type
5.2.1 AC Motors
5.2.2 DC Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Part-Turn Electric Actuators 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 Part-Turn Electric Actuators Market Size Forecast by Applications
6.2.1 Power Industry
6.2.2 Oil & Gas Industry
6.2.3 Chemical Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Part-Turn Electric Actuators 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 Part-Turn Electric Actuators 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 Part-Turn Electric Actuators Analysis and Forecast
9.1 Introduction
9.2 North America Part-Turn Electric Actuators 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 Part-Turn Electric Actuators Market Size Forecast by Type
9.6.1 AC Motors
9.6.2 DC Motors
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 Part-Turn Electric Actuators Market Size Forecast by Applications
9.10.1 Power Industry
9.10.2 Oil & Gas Industry
9.10.3 Chemical Industry
9.10.4 Others
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 Part-Turn Electric Actuators Analysis and Forecast
10.1 Introduction
10.2 Europe Part-Turn Electric Actuators 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 Part-Turn Electric Actuators Market Size Forecast by Type
10.6.1 AC Motors
10.6.2 DC Motors
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 Part-Turn Electric Actuators Market Size Forecast by Applications
10.10.1 Power Industry
10.10.2 Oil & Gas Industry
10.10.3 Chemical Industry
10.10.4 Others
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 Part-Turn Electric Actuators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Part-Turn Electric Actuators 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 Part-Turn Electric Actuators Market Size Forecast by Type
11.6.1 AC Motors
11.6.2 DC Motors
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 Part-Turn Electric Actuators Market Size Forecast by Applications
11.10.1 Power Industry
11.10.2 Oil & Gas Industry
11.10.3 Chemical Industry
11.10.4 Others
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 Part-Turn Electric Actuators Analysis and Forecast
12.1 Introduction
12.2 Latin America Part-Turn Electric Actuators 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 Part-Turn Electric Actuators Market Size Forecast by Type
12.6.1 AC Motors
12.6.2 DC Motors
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 Part-Turn Electric Actuators Market Size Forecast by Applications
12.10.1 Power Industry
12.10.2 Oil & Gas Industry
12.10.3 Chemical Industry
12.10.4 Others
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) Part-Turn Electric Actuators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Part-Turn Electric Actuators 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) Part-Turn Electric Actuators Market Size Forecast by Type
13.6.1 AC Motors
13.6.2 DC Motors
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) Part-Turn Electric Actuators Market Size Forecast by Applications
13.10.1 Power Industry
13.10.2 Oil & Gas Industry
13.10.3 Chemical Industry
13.10.4 Others
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 Part-Turn Electric Actuators Market: Competitive Dashboard
14.2 Global Part-Turn Electric Actuators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rotork
14.3.2 Auma
14.3.3 Flowserve
14.3.4 Emerson
14.3.5 ABB
14.3.6 Bernard Controls
14.3.7 SNNA
14.3.8 Biffi
14.3.9 Tomoe
14.3.10 Nihon Koso
14.3.11 Rotork
14.3.12 CDF
14.3.13 SAIC
14.3.14 Aotuo Ke
14.3.15 Chuanyi Automation
14.3.16 Zhonghuan TIG
14.3.17 SIG
14.3.18 PS Automation
