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Electric Actuators Market

The market for Electric Actuators was estimated at $3.4 billion in 2024; it is anticipated to increase to $5.3 billion by 2030, with projections indicating growth to around $7.6 billion by 2035.

Report ID:DS1401381
Author:Swarup Sahu - Senior Consultant
Published Date:
Datatree
Industrial Tools & Machinery
Production Tools & Equipment
Electric Actuators
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Report Summary
Market Data
Methodology
Table of Contents

Global Electric Actuators Market Outlook

Revenue, 2024

$3.4B

Forecast, 2034

$7.1B

CAGR, 2025 - 2034

7.7%

The Electric Actuators industry revenue is expected to be around $3.6 billion in 2025 and expected to showcase growth with 7.7% CAGR between 2025 and 2034. The rapid expansion of the Electric Actuators market can be linked to important factors. The most significant among them is the increasing demand in sectors like Oil and Gas Pricing Automation and Power Generation. Similarly the worldwide focus on energy efficiency and environmental conservation has increased interest in these systems because of their role, in lowering energy usage and emissions. The ongoing importance of Electric Actuator in business settings is upheld by a mix of driving forces and advancements in automation tech along, with the growing adoption of smart devices and systems.

Electric actuators play a role in ensuring precise control of movements in various industries by bridging the gap between electronic commands and mechanical operations through the conversion of electrical energy into mechanical torque efficiently and effectively They are highly valued for their ability to provide accurate control with rapid responses and customizable functions that cater to the needs of industries requiring top notch precision and dependability like automotive manufacturing robotics and aerospace The ongoing developments such, as Industry 4.

Electric Actuators market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034
Electric Actuators Market Outlook

Market Key Insights

  • The Electric Actuators market is projected to grow from $3.4 billion in 2024 to $7.1 billion in 2034. This represents a CAGR of 7.7%, reflecting rising demand across Automotive Industry, Oil & Gas Industry, and Industrial Automation.

  • Siemens AG, Honeywell International Inc, and ABB are among the leading players in this market, shaping its competitive landscape.

  • U.S. and Germany are the top markets within the Electric Actuators market and are expected to observe the growth CAGR of 5.0% to 7.4% between 2024 and 2030.

  • Emerging markets including Vietnam, Indonesia and Nigeria are expected to observe highest growth with CAGR ranging between 8.9% to 10.6%.

  • Transition like Adoption of Advanced Materials is expected to add $458 million to the Electric Actuators market growth by 2030.

  • The Electric Actuators market is set to add $3.7 billion between 2024 and 2034, with manufacturer targeting Manufacturing & Energy Application projected to gain a larger market share.

  • With

    rising demand for energy efficiency, and

    Expansion of Smart Cities, Electric Actuators market to expand 110% between 2024 and 2034.

electric actuators market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Electric Actuators - Country Share Analysis

Opportunities in the Electric Actuators

The rise of Industry 4. O is also expected to boost the need for Electric Actuator in sectors of industrial automation where they will bring unmatched precision safety and energy efficiency to streamline operations in manufacturing energy and healthcare industries fostering considerable opportunities, for growth.

Growth Opportunities in North America and Asia Pacific

In North America's sector there is a growing need for Electric Actuator due to the increasing automation trend in industries, like the United States that heavily rely on automation and smart systems which demand Electric Actuator technologies from key market players to stay competitive and advance the industry. The expansion opportunities for Electric Actuator manufacturers are growing due, to the increasing market and the emergence of Industry 4 63.
The demand for Electric Actuator is on the rise in the Asia Pacific region with a focus on China and India due to their fast growing industrial sectors and infrastructure development efforts driving this trend forward The industrial facilities in this region heavily rely on Electric Actuator technology during their production processes which contributes to the increasing demand for these products The market landscape is competitive with both local and international companies vying for a significant market share Additionally there is a growing emphasis on energy efficiency and precise control within manufacturing processes further bolster the prospects for Electric Actuator, in this region.

Market Dynamics and Supply Chain

01

Driver: Rising Demand for Energy Efficiency, and Advancements in Industrial Automation

The growing global focus on conserving resources has also led to an impact on the electric actuators market as energy efficiency requirements continue to rise significantly worldwide. Electric actuators used in automation offer benefits such, as enhanced energy efficiency and precise control when compared to other options available. Their ability to convert energy into mechanical motion efficiently allows operations to reduce their energy expenses and minimize their environmental impact. With the progress in industrial automation and the rise of Industry 4. 1 Technology, electric actuators are also now essential in a range of uses, like assembly lines, robotics, packaging and manufacturing operations.
The global move towards city initiatives is also leading to a rise in the use of advanced technologies like electric actuators in various sectors such as traffic control systems and water treatment facilities in smart cities to improve living standards with smart and integrated infrastructures. This surge in urban development worldwide is also creating opportunities, for the growth of electric actuators.
02

Restraint: High Initial Investment

In the electric actuators market scenario a major barrier stands tall; the steep upfront costs demanded. These devices boast advanced tech features that ramp up their price tags. Unlike their manual or hydraulic counterparts electric actuators require an investment, for setup creating a significant initial expense hurdle that hinders newcomers to the technology scenario especially in developing countries. This absorption of funds that could have fueled growth avenues leads to diminished market interest and disrupts the market equilibrium.
03

Opportunity: Strategic Collaborations in Emerging Markets and Embracing Technological Innovations

In the realm of business opportunities emerging markets show potential for the expansion of Electric Actuators industry growth prospects can be boosted through strategic alliances and team ups with indigenous firms to successfully navigate the intricate landscapes of these markets, which are expected to witness significant growth rates propelled by rapid industrialization and infrastructure enhancements Nations, like China and India hold special significance given their expansive market size and swift pace of technological progress.
The demand for Electric Actuators remains thanks to notable technological progressions in the industry that aim to boost effectiveness and reliability while tackling maintenance issues more efficiently by incorporating smart technologies like IoT and AI to provide enhanced control and data analysis capabilities essential, for meeting changing consumer requirements.
04

Challenge: Complex Maintenance Requirements

One of the issues that impact the electric actuators market is the demanding maintenance they require due to their complexity. These advanced devices consistent professional upkeep to maintain peak performance levels and directly affect operational expenses. Failure to conduct maintenance raises the chances of malfunctions and defects occurring, which can hamper the efficiency and productivity of their applications. The need for frequent maintenance may discourage potential users looking for simpler upkeep options resulting in a negative effect, on market demand.

Supply Chain Landscape

1

Raw Materials Procurement

ArcelorMittalRio Tinto Group
2

Component Manufacturing

Rotork PlcEmerson Electric Co
3

Assembly & Testing

Auma Riester GmbH & Co.Flowserve Corp
4

Distribution & End-Users

Industrial AutomationAerospace and DefenceWater and Wastewater Treatment
Electric Actuators - Supply Chain

Use Cases of Electric Actuators in Automotive & Oil & Gas

Automotive Industry : Electric actuators are commonly used in the sector to manage different vehicle functions with a focus on luxury vehicles primarily. Their ability to provide feedback and control is greatly advantageous for tasks like operating automatic sliding doors and adjusting rearview mirrors. Major companies such, as Emerson and Rockwell Automation offer actuators tailored for these purposes to ensure accuracy and reliability.
Oil & Gas Industry : In the oil and gas industry electric actuators are essential for automating valve operations. Linear actuators for Electric Actuated Valves are highly efficient in regulating flow whether in refineries or oil fields. Leading companies like ABB and Schneider Electric have achieved success in this field demonstrating the effectiveness of their products in harsh environments thanks, to their durable design and precision performance.
Industrial Automation : Electric actuators play a role in industrial automation applications. Rotary electric actuators are commonly used for tasks like positioning and turning automated equipment. Additionally the compact design and precise control of electric actuators make them ideal for use, in automated assembly lines and robotics. Companies like Honeywell and Siemens are players in this field. They provide electric actuators tailored for advanced automated settings and are known for their dependable performance along, with customizable features and cutting edge control capabilities.

Recent Developments

Recent advancements in technology and the growing need for energy efficiency have had an impact on the recent trends in Electric Actuator markets across various industries where automation is on the rise. Without a doubt Electric Actuator is now an element in modern mechanization processes due, to its reliability and ability to provide accurate control and precision during operation.

December 2024 : Siemens AG unveiled a range of electric actuator products to meet the demands of diverse industry sectors by integrating AI powered controls.
October 2024 : Emerson Electric Company introduced upgraded actuators designed for renewable energy initiatives that promise durability and efficient energy usage.
July 2024 : Schneider Electric has launched axis electric actuators with a focus, on enhancing efficiency and adaptability across various industrial uses.

Impact of Industry Transitions on the Electric Actuators Market

As a core segment of the Production Tools & Equipment industry, the Electric Actuators market develops in line with broader industry shifts. Over recent years, transitions such as Adoption of Advanced Materials and Incorporation of Smart Technology have redefined priorities across the Production Tools & Equipment sector, influencing how the Electric Actuators market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Adoption of Advanced Materials

The Electric Actuator sector has seen a shift towards utilizing cutting edge materials like high performance polymers and composites lately. This change brings about durability and resilience to external factors to boost the efficiency and longevity of actuators. Notably the heavy machinery and automotive industries have benefited from this shift as these materials provide solutions, for demanding operations and tough environmental conditions. They played a role in developing Electric Actuator technology that is durable and trustworthy boosting operational efficiency and notably cutting down the need, for maintenance downtime.
02

Incorporation of Smart Technology

There has been a change in the Electric Actuator sector with the adoption of smart technology integrated into actuators by manufacturers through sensors and automation software to improve operational efficiency and predictive maintenance features of these devices This transformation has had a profound impact, in the industrial automation field where precision accuracy and real time monitoring play vital roles.