Electric Actuator Market Size
Market Size in USD Bn
CAGR6.3%
| Study Period | 2025-2032 |
| Base Year of Estimation | 2024 |
| CAGR | 6.3% |
| Market Concentration | High |
| Major Players | Rotork PLC, Emerson Electric Co., AUMA Riester GmbH & Co. KG, Honeywell International Inc., ABB Ltd. and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Electric Actuator Market Analysis
The electric actuator market is estimated to be valued at USD 14.84 Bn in 2025 and is expected to reach USD 22.76 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2032. The growth of the industrial automation sector and increasing adoption of electric actuators across industries such as oil & gas, energy & power, mining, and aerospace is contributing to growth of the electric actuator market.