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Actuators Market by Actuation (Electrical, Pneumatic, Hydraulic), Type
(Linear, Rotary), Application (Industrial Automation, Robotics, Vehicles
& Equipment), Vertical (Automotive, Electronics, Healthcare), and
Region - Global Forecast to 2027
[326 Pages Report] The actuators market is projected to grow from USD 53.9 billion in 2021 to
USD 86.6 billion by 2027, at a CAGR of 8.2% between 2021 and 2027. Increased demand for new
and advanced actuators in different verticals and the development of smart cities across the globe
are some of the growth opportunities for the actuators market.
Actuators are devices that convert energy into motion and are majorly used in moving or controlling
mechanisms and systems. Actuators are operated by an external source of energy, typically electric
current, hydraulic fluid pressure, or pneumatic pressure, which is then converted to motion.
Actuators perform two basic motions—linear and rotary motion. They are available in varying types,
sizes, and power configurations, depending on the applications they are to be used in.
To know about the assumptions considered for the study, Request for Free Sample Report
COVID-19 impact on the Actuators Market
The COVID-19 outbreak has triggered disruptions to global supply chains and business processes.
While the pandemic did not impact the 2019 demand for valve actuators, the market projections do
consider industry trends and how the COVID-19 pandemic will influence the valve actuators market
in various vertical industries. Most industries utilizing actuators like agriculture, healthcare,
automotive, aerospace and defense, and food and beverages were crushed negatively by the
current COVID-19 pandemic outbreak. Apart from the healthcare sector, nearly all industrial sectors
witnessed a downfall. Also, imposition of lockdowns and qua