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Electronic Actuator Market
An electric actuator is a device that can create movement of a load, or an action requiring a force such as clamping, using an electric motor to create the necessary force. An electric motor creates rotary motion as the spindle, or rotor, rotates. The motor spindle is directly linked to a helical screw, through the drive shaft, which in turn rotates in a ball screw nut. Electric activators work on alternating current that energizes an electric motor. Electric energy changes into torque which drives the actuator. This is a straightforward principle that is becoming far more accepted in the actuator industry. Electric actuators use mechanical components such as lead screws and gear to open and close their applications.
The healthcare industry is manufacturing innovative machines that use actuators. Electric actuators find usage in medical devices such as wheelchairs, lifts for patients, treatment chairs, dental chairs, beds used for medical purposes, and CT, MRI, and PT scanning instruments. The global healthcare market is expanding due to expanding healthcare facilities and rising elderly population. Also, the outbreak of the COVID-19 pandemic in early 2020 led to huge rush of patients into hospitals globally. These factors positively impact the electric actuators market because electric actuators are widely used for various purposes in healthcare. Also, the RT-PCR test, which is highly effective in detecting the SARS-CoV-2 virus, employs linear actuators for its linear motion systems and to carry out a huge volume of RT-PCR tests required during emergencies such as COVID-19. The linear actuators support in loading, unloading, and movement of the samples and liquid handling process required at key stages of the test. These factors act as driver and pushes the demand for electric actuators globally.
Linear actuators are a type of electric actuator used for applications such as material handling, robotics, food and beverages, window automation, and solar panels. Electric linear actuators with integrated controller for automation of industrial machinery or agricultural vehicles not only offers easy installation but also provides movement precision along with simple maintenance. Actuators with an integrated controller (IC) requires no external control box or relays, making installation easy. IC actuators provide various feedback types, easy control solutions, end of stroke in/out signals, customization, and actuator monitoring possibilities. Another new opportunity is the introduction of automation for material handling. Automated Guided Vehicles (AGVs) and Automated Mobile Robots (AMRs) are perfect for the next industrial revolution and they help improve ergonomics, safety, and efficiency everywhere. The material handling process right from manufacturing to logistics needs to be precise and reliable in order to meet end-user demands. Actuators are considered ideal for mobile robots. Such innovations create new opportunities for the product in the market.
High cost is associated with most electric actuation devices. As compared to other actuators on a cost-per-strength basis, electric actuators are significantly high priced. Another setback is that electric actuators do not offer same amount of strength and power that can be offered with hydraulics or pneumatics. Despite increased technology that adds strength to actuator designs, electrics still remain relatively weak. In addition, electric actuators mostly have complicated designs that lead to a higher risk of breakdown and downtime. These factors acts as restraints for the electronic actuator market.
The Asian market accounts for highest share in the electronic actuator market in terms of revenue contribution as compared to markets in other regions due to increased adoption of electric actuators by various end-users such as marine, defense, oil & gas industry, and pharmaceuticals in the region. In addition, increasing demand for different types of actuators such as electric, and pneumatic actuators in countries such as Japan, China, and Australia is expected to trigger demand for actuators. China and Japan are majority investing in robotics and automation to gain a tactical edge in the field of robotics and process automation. This provides significant growth opportunity for manufacturers of actuators in the Asia Pacific region. These factors are expected to propel growth of the electric actuator market in the region.
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the electronic actuator market are:
Electronic Actuator Market, by Type
Electronic Actuator Market, by Distribution Channel
Electronic Actuator Market, by End-user Industry
Electronic Actuator Market, by Region
The report on the electronic actuator market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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*86 figures and 60 tables includes