Global Actuator Market Report 2019-2023 with Market Position of Key Vendors – Emerson Electric, Flowserve, ITT, Rotork, SAMSON & SMC Corporation – ResearchAndMarkets.com

The “Global
Actuator Market 2019-2023” report has been added to ResearchAndMarkets.com’s
offering.

The actuator market will register a CAGR of almost 6% by 2023.

Technological advancements have led to the development of smart
actuators. The implementation of automation in industries have resulted
in the increasing use of data analytics which help in identifying
different process variables that influence a production process. This
have prompted vendors to focus on the development of smart actuators
which can be used as field devices. These smart actuators are integrated
with sensors and electronic components which enhance their data
monitoring and capturing capabilities.

Smart actuators can also be linked with robots. For instance, MOOG is
offering a lightweight hydraulic smart actuator integrated with control
electronics, servo valves, and onboard sensors. Thus, the emerging
market of smart actuators is identified as a key trend that will boost
the growth of actuator market during the forecast period.

Market Overview

Increased plant safety and regulations in industries

Industrial premises are prone to accidents due to the presence of
complex machinery. Industries also cause considerable damage to the
environment as they generate and discharge hazardous waste. This have
led to the formulation of stringent safety rules and regulations for
industries to reduce their emissions and improve safety. End-user
industries are demanding high-quality and technologically advanced
industrial actuators which help in improving efficiency and reducing
emissions. This will boost the growth of the actuator market during the
forecast period.

Prevailing fluctuations of raw material prices

Direct material cost comprises of more than half of total cost of
manufacturing cost of actuators and valves. Any fluctuations in the
prices of raw materials such as copper, stainless steel, aluminum,
brass, bronze, and cast iron, affects the profit margins of actuator
manufacturers. Since these raw materials are also used by other
industries, any change in demand from these industries will impact the
raw material price for actuator vendors. This will hamper the growth of
the actuator market during the forecast period.

Competitive Landscape

The market appears to be fragmented and with the presence of several
companies including Emerson Electric, and Flowserve the competitive
environment is quite intense. Factors such as the increased plant safety
and regulations in industries, will provide considerable growth
opportunities to actuator companies. Emerson Electric, Flowserve, ITT,
Rotork, SAMSON, and SMC Corporation are some of the major companies
covered in this report.

Report Summary:

There has been an increasing demand for smart actuators which have
improved data capturing and monitoring capabilities. This will drive the
growth of the actuator market during the forecast period.

According to the report, one of the major drivers for this market is the
increased plant safety and regulations in industries. This have created
a demand for high-quality actuators from process industries and boosted
the growth of the actuators market.

Further, the report states that one of the major factors hindering the
growth of this market is the prevailing fluctuations of raw material
prices. This instability in the prices of raw material affects the
profit margins of actuator companies and thereby hampers market growth.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY PRODUCT

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

PART 09: GEOGRAPHIC LANDSCAPE

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE

PART 14: VENDOR ANALYSIS

PART 15: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/7qljtr/global_actuator?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181123005132/en/

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