Report Overview
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The global electromechanical cylinders market size was USD 526.8 million in 2022. As per our research, the market is expected to reach USD 747.3 million by 2028, exhibiting a CAGR of 6.0 % during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with electromechanical cylinders market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.
Electromechanical cylinders are devices that combine the principles of electrical and mechanical systems to convert electrical energy into linear motion. Typically, these cylinders are powered by an electric motor through a mechanical rod or piston. They are used in a variety of fields, including as manufacturing, robotics, and automation. Electromechanical cylinders are perfect for applications requiring precise and repeatable movements because they provide exact control over position, speed, and force. Electromechanical Cylinders offer effective and dependable solutions for situations requiring linear motion since they integrate readily into existing systems. They are a common option in contemporary engineering applications since they do away with the need for complicated hydraulic or pneumatic systems and provide more flexibility and programmability.
The electromechanical cylinders market size is expanding significantly as a result of a number of reasons that are boosting the rising demand for this product. First off, numerous sectors are placing a greater focus on automation and the demand for accurate and regulated linear motion. When compared to conventional hydraulic or pneumatic systems, electromechanical cylinders provide higher positioning precision and repeatability, making them a top choice for automated procedures. The performance and efficiency of electromechanical cylinders have also improved thanks to developments in electric motor technology and control systems, which has increased their demand. These cylinders are a favoured option in contemporary engineering solutions due to their adaptability to a wide variety of applications and their versatility and programmability.
COVID-19 Impact: Due to The Pandemic-Related Restrictions and Lockdown Measures, Demand Declined Which Caused a Halt in A Number of Enterprises
The market for electromechanical cylinders has experienced major change as a result of the COVID-19 pandemic. Global supply chains were hampered by the pandemic's earliest stages, delaying the production and distribution of these goods. Electromechanical cylinder demand decreased as a result of the international limitations and lockdown measures, which also caused a slowdown in a number of businesses. However, as the pandemic spread, a larger emphasis on automation and the requirement for frictionless operations arose. The demand for electromechanical cylinders has increased as a result of this shift in perspective since they provide accurate and dependable linear motion without the need for manual intervention. The market expansion for electromechanical cylinders has been notably driven by sectors including e-commerce, healthcare, and logistics, which experienced a spike in demand during the pandemic. Additionally, the pandemic has spurred digital transformation and the use of cutting-edge technology, opening doors for producers of electromechanical cylinders to meet the changing demands of sectors looking for better automation and control solutions.
Latest Trends
"Incorporating Smart Features and Networking Capabilities into Electromechanical Cylinders Is One Prominent Trend in The Industry"
The incorporation of smart features and networking capability is one prominent development in the market for electromechanical cylinders. New technologies and products are currently being introduced by manufacturers, offering improved functionality and communication possibilities. The incorporation of sensors for feedback and monitoring as well as the use of Bluetooth and Wi-Fi for wireless communication are examples of these improvements. The market's top competitors are actively concentrating on creating cutting-edge solutions to satisfy the rising demand for intelligent electromechanical cylinders. To improve the effectiveness, accuracy, and efficiency of their goods, they are making research and development investments. Leading manufacturers are also placing a strong emphasis on the creation of user-friendly software and control interfaces to make it simpler to integrate and programmer electromechanical cylinders into a variety of applications. Customers are to be given access to adaptable, programmable, and networked electromechanical cylinders that enable real-time monitoring and control and offer seamless connection with automation systems. Leading market companies are positioning themselves to meet the changing demands of businesses looking for sophisticated automation solutions by using these developments.
SEGMENTATION
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- By type
Depending on electromechanical cylinders given are types: below 100mm/s, 100mm/s-500mm/s, 500mm/s-1000mm/s & others. The below 100mm/s type will capture the maximum market share through 2028.
- By Application
The market is divided into food & beverage, medical, automotive & others based on application. The global electromechanical cylinders market players in cover segment like Food & Beverage will dominate the market share during 2022-2028.
Driving Factors
"The Increased Emphasis On Energy Efficiency and Sustainability Across A Variety Of Sectors Is One Of The Reasons Fueling The Market Expansion"
The growing emphasis on energy efficiency and sustainability in various sectors is one of the reasons fueling the market expansion for electromechanical cylinders. Electromechanical Cylinders are a great option for businesses looking to minimize their carbon footprint and energy use. Electromechanical cylinders are more energy-efficient than conventional hydraulic or pneumatic systems, which frequently suffer energy losses as a result of fluid leakage or poor operation. They use finely controlled electric motors, which cut energy consumption and increase overall efficiency. As businesses look to improve their operational sustainability and cut costs with energy-efficient solutions, this aspect has increased demand for electromechanical cylinders.
"The Growing Need for Accurate and Adaptable Automation Across a Variety Of Sectors Is Another Factor Boosting The Electromechanical Cylinders Market"
The rising need for accurate and adaptable automation in various sectors is another driver boosting the electromechanical cylinders market growth. Industry 4.0 and technological breakthroughs have increased demand for automation systems that can deliver precise and repeatable linear motion control. Superior positional precision provided by electromechanical cylinders makes it possible to precisely regulate movement in industrial operations. They are ideal for activities requiring dynamic and adaptable motion control, such as pick-and-place operations, assembly lines, and material handling systems, because to their programmability and flexibility. Electromechanical cylinders are a vital part of cutting-edge automation systems, and demand for them is always increasing as businesses strive for greater production, efficiency, and quality control.
Restraining Factors
"One of The Problems Preventing the Market for Electromechanical Cylinders from Expanding Is the Higher Initial Cost Compared to Traditional Hydraulic"
The greater starting cost compared to conventional hydraulic or pneumatic systems is one of the issues limiting the electromechanical cylinders market growth. Electric motors, sensors, and control systems are used in electromechanical cylinders; these components might be more expensive up front. For small and medium-sized firms with tight finances, this larger initial expenditure might be problematic. The installation, integration, and maintenance of these technologies could come at an additional expense. The larger upfront expenditure might occasionally prevent potential customers from adopting electromechanical cylinders, especially in price-sensitive businesses, even when the long-term benefits of energy economy and precise control may surpass the initial expenses.
Regional Insights
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"Europe is Expected to Grow Rapidly Due to Ongoing Technological Advancements and Increased Automation Utilization in The Coming Years"
With robust growth and a sizable market share, Europe is the industry leader in the market for electromechanical cylinders. Numerous elements contribute to the area's significance. First off, the automobile, manufacturing, and aerospace industries—three key customers of electromechanical cylinders—are well-established in Europe. Second, the demand for precise and controlled linear motion solutions is being driven by an increasing focus on automation and innovative production techniques in Europe. Additionally, the area places a high priority on sustainability and energy efficiency, which is in line with the benefits that electromechanical cylinders provide. In the upcoming years, it is anticipated that the European market for electromechanical cylinders will continue to expand quickly due to continued technical breakthroughs and rising usage of automation.
With the second-largest electromechanical cylinders market share, North America is a significant geographical area. There are several reasons behind the region's good status. First off, the industrial sector in North America is strong, with sectors including automotive, aerospace, and electronics being significant users of electromechanical cylinders. Second, the desire for greater productivity and efficiency is driving a growing need for automation and sophisticated motion control systems in the area. Furthermore, North America places a high priority on technical innovation and advancement, which has sparked the creation of cutting-edge electromechanical cylinder technologies. The North American market for electromechanical cylinders is anticipated to maintain its development trajectory due to a hospitable business climate and continuous trends in industrial automation.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
"List of Market Players Profiled"
- Bosch Rexroth AG (Germany)
- SKF (Sweden)
- BJ-Gear (Denmark)
- Parker (U.S.)
- Tsubakimoto (Japan)
- RACO (Germany)
- Moog Flo-Tork (U.S.)
- Mul-T-Lock (Israel)
- Exlar (U.S.)
- Linearmech (Italy)
- Venture (Singapore)
- AIM (Italy)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 526.8 Million in 2022 |
Market Size Value By |
US$ 747.3 Million by 2028 |
Growth Rate |
CAGR of 6% from 2022 to 2028 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the electromechanical cylinders market expected to touch by 2028?
The global electromechanical cylinders market size is expected to reach USD 0.7473 billion by 2028.
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What CAGR is the electromechanical cylinders market expected to exhibit by 2028?
The electromechanical cylinders market is expected to exhibit a CAGR of 6.0 % by 2028.
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Which are the driving factors of the market?
The driving factors of the market are the increased emphasis on energy efficiency and sustainability across a variety of sectors and growing need for accurate and adaptable automation.
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Which are the key players or most dominating companies functioning in the market?
The dominating companies in the market are Bosch Rexroth AG, SKF, Parker, Tsubakimoto and Moog Flo-Tork.