COVID-19 pandemic has turned out to be a major growth determinant in the industrial automation sector. With the integration of digital infrastructure to monitor and control public health, industrial automation has taken a new shape. This crisis has enhanced the value of IT and digital transformation across different sectors and industries.
In the current situation of restricted movement and reduced workforce, new technologies have been developed to provide end-to-end automation in different sectors such as food processing. Automated systems are hired by the companies to ensure continued supply and manufacturing of products with the least manual interference.
The digital transformation during the COVID-19 pandemic has enhanced our dependency on advanced technologies such as Augmented Reality, Virtual Reality, and the Industrial Internet of Things. The unfulfilled financial targets are compelling the organizations to adopt automation and advanced technologies to stay ahead in the market competition. Businesses are utilizing this opportunity by identifying daily operational needs and inculcating automation in it to create a digital infrastructure for the long term.
Linear Actuators Market: Overview
Linear actuators assist in converting energy into straight line motions, generally for positioning applications. Most of the linear actuators are either mechanical or electro-mechanical devices that provide controlled movement and positioning. These actuators are primarily used in industrial machinery, computer peripherals, valves, and many other places where linear motion is required. A typical linear actuator generally produces push and pull action. As most processes across a variegated range of industries gets automated, the global linear actuators market is expected to expand with an impressive CAGR throughout the forecast period.
Linear Actuators Market: Drivers & Restraints
The major factors boosting the growth of linear actuators market is rising automation across manufacturing industry. Industrial objectives such as achieving complete factory automation, and integrating Industrial Internet of Things are some of the prime reasons that will drive more demand for linear actuators. While, rising industrialization particularly in the third world countries is another factor that will drive the demand in the global linear actuators market, on the backdrop of increasing number of factories.
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As the number of research studies conducted increases, demand for telescopic actuators is expected to increase significantly. Also as companies overcome their legacy systems to achieve higher efficiency, and replace existing actuators with new ones, demand for linear actuators is expected to rise. Furthermore, as an increasing number of industrial process adopt self-control and positioning demand in the linear actuators market is expected to continuously rise.
However, as concerns regarding employment rises among most countries on the backdrop of increasing automation in factories, demand for linear actuators might get sluggish over the end years of the forecast period. Adoption of 3D printing in many industries is another factor that will restrain the demand for linear actuators, as usage of machines will decrease.
Linear Actuators Market: Market Segmentation
The Linear Actuators Market is segmented into two parts based on operation type and end use industry:
Based on operation mechanism, the linear actuator market is segmented into:
- Electro-mechanical actuators
Based on End Use Industry, the linear actuator market is segmented into:
- Energy and Mining,
Linear Actuators Market: Regional Outlook
Geographically, linear actuators market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. A prominent share of the demand for linear actuators comes from North America, and the region is expected to maintain its dominance throughout the forecast period. Furthermore, with more inclination towards shifting manufacturing in US from China and other ASEAN countries, demand for linear actuators will further rise in the region. Asia Pacific Exc. Japan is another prominent shareholder in terms of demand for linear actuators, amid, large manufacturing sector of China.
Moreover, with India and Indonesia picking up at a fast pace, demand for linear actuators is expected to expand with a bullish growth rate over the forecast period. Being home to large automotive and research base companies, Western Europe is another prominent region generating huge demand for linear actuators. Eastern Europe is also expected to generate descent demand for linear actuators, particularly from energy and defense sector. Rising industrialization and the already dominant oil and gas industry of Middle East and Africa is the prime reason driving automation in the Middle Eastern region. Thus driving more demand for linear actuators. Japan is another prominent industrial nation, which drives demand for linear actuators, due to high automation penetration in their industries coupled with growing semiconductor industry of the region.
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Linear Actuators Market: Key Players
Some of the players identified in Global Linear Actuators market are:-
- Helix Linear Technologies, Inc.
- Altra Industrial Motion
- Tolomatic, Inc.
- Fabco-Air, Inc.
- Actuonix Motion Devices
- Tusk Direct, Inc.
- Bishop-Wisecarver Corporation
- BEI Kimco Magnetics
- Burr Engineering & Development Company
- Del-Tron Precision, Inc.
- Rollon India Pvt. Ltd.