Global Electric Actuators Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Linear actuators and Rotary actuators.

By End-User;

Automotive industry , Water and wastewater industry, Marine industry, Aerospace & defense industry, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn022261703 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Electric Actuators Market (USD Million), 2021 - 2031

In the year 2024, the Global Electric Actuators Market was valued at USD 1,163.02 million. The size of this market is expected to increase to USD 1,725.78 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The global electric actuators market is experiencing robust growth driven by advancements in automation and the increasing demand for efficient industrial processes across various sectors. Electric actuators play a pivotal role in converting electrical energy into mechanical motion, enabling precise control and automation of valves, dampers, and other industrial components. This technology eliminates the need for traditional pneumatic or hydraulic systems, offering benefits such as enhanced control accuracy, reduced maintenance costs, and improved energy efficiency.

Key industries driving the adoption of electric actuators include oil and gas, water and wastewater treatment, automotive, aerospace, and manufacturing. In the oil and gas sector, electric actuators are essential for valve automation in pipelines, refineries, and offshore platforms, ensuring safe and reliable operation in harsh environments. Similarly, in the automotive and aerospace industries, these actuators contribute to the automation of assembly lines and precision control systems, enhancing productivity and product quality. Moreover, the water and wastewater treatment sector relies on electric actuators for precise valve control in treatment plants, optimizing resource utilization and environmental sustainability.

Technological advancements in electric actuators, such as the integration of IoT (Internet of Things) capabilities and smart sensors, are further propelling market growth. These innovations enable real-time monitoring, remote operation, and predictive maintenance of actuators, enhancing operational efficiency and reducing downtime. Additionally, the shift towards Industry 4.0 and the increasing adoption of automated systems across industries are creating new opportunities for electric actuator manufacturers to innovate and expand their market presence globally. As industries continue to prioritize efficiency, reliability, and sustainability in their operations, the electric actuators market is expected to witness continued expansion and technological evolution in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global Electric Actuators Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Industrial Automation
        2. Technological Advancements
      2. Restraints
        1. High Initial Investment Costs
        2. Technical Challenges and Complexity
      3. Opportunities
        1. Emerging Industrial Applications
        2. Focus on Energy Efficiency
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electric Actuators Market, By Type, 2021 - 2031 (USD Million)
      1. Linear actuators
      2. Rotary actuators
    2. Global Electric Actuators Market, By End-User, 2021 - 2031 (USD Million)
      1. Automotive industry
      2. Water and wastewater industry
      3. Marine industry
      4. Aerospace and defense industry
      5. Others
    3. Global Electric Actuators Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABB Ltd.
      2. Emerson Electric Co.
      3. General Electric Co.
      4. LINAK AS
      5. Moog Inc.
      6. Parker Hannifin Corp.
      7. Rotork Plc
      8. Siemens AG
      9. SMC Corp.
      10. Toshiba Corp.
  7. Analyst Views
  8. Future Outlook of the Market