Electric Actuator Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Electric Actuator Market is segmented By Product Type (Linear Actuator, Hybrid Actuator, Rotary Actuator), By End-use Industry (Oil & Gas Industry, Power Generation, Chemical & Petrochemical, Aerospace & Defence Industry, Automotive Industry, Water & Wastewater, Others), By Distribution Channel (Direct Sales, Indirect Sales), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned.

Electric Actuator Market is segmented By Product Type (Linear Actuator, Hybrid Actuator, Rotary Actuator), By End-use Industry (Oil & Gas Industry, Po....

Electric Actuator Market Size

Market Size in USD

CAGR6.11%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	6.11%
Market Concentration	High
Major Players	Rotork PLC, Emerson Electric Co., AUMA Riester GmbH & Co. KG, Honeywell International Inc., ABB Ltd.

*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 13.96 Bn in 2024 and is expected to reach USD 21.15 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.11% from 2024 to 2031. 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.

Electric Actuator Market Report Snapshots

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