Linear Electric Actuator Market Size, Share, Growth, and Industry Analysis, By Type (AC Motors, DC Motors), By Application (Power Industry, Oil & Gas Industry, General Industry), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

REPORT OVERVIEW

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The global linear electric actuator market size was USD 1039.9million in 2022 and the market is projected to touch USD 1348.2million by 2029, exhibiting a CAGR of 3.7% during the forecast period.

A Linear Electric Actuator is a device designed to convert electrical energy into linear motion. It typically consists of an electric motor, a screw or rod mechanism, and a housing. The electric motor generates rotational motion, which is then translated into linear movement through the mechanism. This technology is widely used in various applications, including industrial automation, robotics, automotive systems, and aerospace. Linear electric actuators offer precise control and positioning capabilities, making them suitable for tasks requiring accurate and repeatable motion. They are often favoured for their compact design, low maintenance requirements, and ease of integration into existing systems. These actuators find applications in tasks such as opening and closing valves, adjusting positioning in manufacturing processes, controlling movements in medical equipment, and more.

The linear electric actuator market is experiencing robust growth driven by technological advancements, increasing automation across various industries, and a growing demand for efficient and precise motion control solutions. Linear electric actuators play a pivotal role in converting electrical energy into linear motion, offering a reliable and versatile alternative to traditional hydraulic and pneumatic systems. One of the key factors fuelling the market growth is the rising adoption of automation in manufacturing processes. Industries such as automotive, aerospace, and electronics are increasingly integrating linear electric actuators to enhance production efficiency, reduce manual labor, and achieve higher precision in tasks such as assembly, welding, and material handling. Additionally, the emphasis on energy efficiency and sustainability is driving the demand for electric actuators as they generally have lower energy consumption compared to their hydraulic and pneumatic counterparts. This trend is particularly pronounced in industries where environmental regulations and corporate sustainability goals are becoming more stringent. The expansion of the healthcare sector is also contributing to market growth, with linear electric actuators finding applications in medical devices and robotic systems for surgeries and diagnostics. The versatility of these actuators makes them suitable for a wide range of applications, further expanding their market reach.

COVID-19 Impact: Market Growth Hampered By Pandemic Due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The linear electric actuator market experienced a substantial negative impact due to the COVID-19 pandemic. The global economic slowdown, disrupted supply chains, and reduced industrial activities led to a decline in demand for linear electric actuators across various sectors. Manufacturing facilities faced closures or restrictions, causing delays in project timelines and reducing the need for automation components. Uncertainties in market conditions and financial constraints prompted many end-users to defer or cancel capital expenditures, further hampering the market. Additionally, the travel restrictions and social distancing measures impeded the installation and maintenance activities, affecting the overall market dynamics. As industries gradually recover, the linear actuator market is anticipated to rebound, but the lingering effects of the pandemic continue to pose challenges in the form of market uncertainty and slow-paced revival.

LATEST TRENDS

"Increasing Adoption of Smart and Connected Linear Actuators in Driving to Drive Market Growth"

The linear electric actuator market has witnessed several trends that continue to shape its landscape. One prominent trend is the increasing adoption of smart and connected linear actuators. Manufacturers are integrating advanced technologies such as IoT (Internet of Things) and Industry 4.0 capabilities into linear actuators, allowing for remote monitoring, control, and predictive maintenance. This not only enhances operational efficiency but also reduces downtime. Another notable trend is the growing demand for energy-efficient solutions. Linear electric actuators are being designed with a focus on energy conservation and sustainability. This aligns with the global push towards greener technologies and addresses the need for more environmentally friendly industrial processes. Additionally, there is an emphasis on compact and lightweight designs to meet the requirements of diverse applications, including robotics, aerospace, and medical devices. Miniaturization and enhanced precision are becoming increasingly important in these industries, driving innovation in linear electric actuator designs. Moreover, advancements in materials and manufacturing processes contribute to improved performance and durability of linear electric actuators. The market is also witnessing a surge in the development of high-force electric actuators capable of handling heavy loads in various industrial applications.

LINEAR ELECTRIC ACTUATOR MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into AC Motors, DC Motors.

AC Motors: AC motors are widely used in linear electric actuators due to their efficiency and ease of control. Induction motors and synchronous motors are the two primary types of AC motors employed in linear actuators. Induction motors are known for their simplicity, reliability, and robust performance. They work based on electromagnetic induction, where a rotating magnetic field induces current in a stationary conductor, resulting in motion. Synchronous AC motors, on the other hand, maintain synchrony with the supply frequency, providing precise control over motion. AC motors are suitable for various applications, including high-speed and heavy-duty tasks.

DC Motors: DC motors are another common choice for linear electric actuators. They operate on direct current and are known for their simplicity, controllability, and versatility. DC motors come in various types, such as brushed and brushless, each offering specific advantages. Brushed DC motors use brushes and a commutator to switch the direction of current flow, creating a magnetic field that drives the motor's motion. Brushless DC motors, on the other hand, rely on electronic commutation for more efficient and maintenance-free operation. DC motors are often favored for applications requiring precise speed control, rapid acceleration, and compact design.

• By Application

Based on application the global market can be categorized into Power Industry, Oil & Gas Industry, General Industry.

Power Industry: In the Power Industry, linear electric actuators play a crucial role in controlling and automating various processes. These actuators are employed in power generation plants to regulate valves, dampers, and other components, ensuring efficient and reliable operation. The ability of linear electric actuators to provide precise and repeatable positioning makes them essential for maintaining optimal performance in power generation facilities.

Oil & Gas Industry: In the Oil & Gas Industry, linear electric actuators are utilized for applications such as valve automation and control in pipelines, refineries, and drilling operations. These actuators offer advantages such as remote control, high precision, and reliability, making them well-suited for the demanding and often harsh environments encountered in the oil and gas sector. The use of linear electric actuators contributes to increased safety, operational efficiency, and reduced maintenance requirements.

General Industry: Across the General Industry, linear electric actuators find versatile applications in various manufacturing processes, machinery, and automation systems. These actuators are employed for tasks such as material handling, conveyor systems, and positioning applications. The flexibility, speed, and precision offered by linear electric actuators make them valuable in enhancing overall efficiency and productivity across a wide range of industrial applications.

DRIVING FACTORS

"Rising Automation across Industries to Boost the Market Growth"

The global push towards automation across industries is a major driving force behind the linear electric actuator market growth. As industries strive for increased efficiency, reduced labour costs, and enhanced precision in manufacturing processes, the adoption of linear electric actuators becomes crucial. These actuators offer precise control and positioning capabilities, aligning with the requirements of automated systems in manufacturing, automotive, and other sectors. The ongoing industrialization in emerging economies is fuelling the demand for linear electric actuators. As industries expand and modernize their operations, the need for reliable and efficient actuators for various applications such as valve control, material handling, and conveyor systems is on the rise. Linear electric actuators provide a versatile solution to meet the demands of diverse industrial processes. With an increasing focus on sustainability and energy efficiency, linear electric actuators are gaining prominence as they offer improved energy consumption compared to traditional hydraulic or pneumatic actuators. These actuators are inherently more energy-efficient and environmentally friendly, contributing to the overall sustainability goals of industries.

"Advancements in Technology to Expand the Market"

Ongoing advancements in technology, particularly in the field of electronics and materials, have led to the development of more sophisticated and high-performance linear electric actuators. Integrated sensors, smart controls, and connectivity features enhance the functionality of these actuators, making them attractive for industries seeking advanced automation solutions. The aerospace and defense sector is a significant contributor to the demand for linear electric actuators. These actuators find applications in aircraft control surfaces, weapon systems, and various other critical components. As the aerospace and defense industry continues to grow and modernize, the demand for high-performance linear electric actuators is expected to surge. The healthcare and medical sectors are increasingly incorporating automation for enhanced precision in diagnostic and surgical procedures. Linear electric actuators play a crucial role in applications such as robotic surgery, where precise and controlled linear motion is essential. The growing healthcare industry, coupled with advancements in medical technology, is driving the demand for linear electric actuators.

RESTRAINING FACTORS

"High Initial Cost to Impede Market Growth"

One of the significant restraints in the linear electric actuator market is the high initial cost associated with the implementation of these systems. The expenses include not only the purchase of the actuators but also the required control systems and integration processes, making it a substantial investment for some businesses. Linear electric actuators often require complex installation procedures, and their maintenance can be challenging. This complexity can lead to increased downtime during installation and maintenance periods, impacting operational efficiency.

LINEAR ELECTRIC ACTUATOR MARKET REGIONAL INSIGHTS

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"The market is segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa."

"North America to Dominate in the Market due to Presence of a Large Consumer Base"

North America has emerged as the most dominant region in the global linear electric actuator market share. The region's dominance is attributed to a robust industrial sector, increasing automation trends, and a growing emphasis on technological advancements. In North America, the U.S. plays a pivotal role in driving the demand for linear electric actuators. The country's manufacturing sector, which spans diverse industries such as automotive, aerospace, and electronics, is a major consumer of these actuators. The need for precise and efficient motion control solutions has fuelled the adoption of linear electric actuators in various applications.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The Linear electric actuator market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in Linear electric actuator, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Rotork (U.K.)

• Auma (Germany)

• Flowserve (U.S.)

• Emerson (U.S.)

• ABB (Switzerland)

• Biffi (Italy)

INDUSTRIAL DEVELOPMENT

December 2022: CytroMotion, a new small, self-contained actuator, has been added to Bosch Rexroth's product lineup. With this system solution, operations in smaller places can be carried out more sustainably and efficiently with forces up to 110 kN in linear movements. With a power class of up to 6.2 kW, CytroMotion blends the energy-efficient design of hydraulics with micrometer-precise positioning.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.