Actuators Market

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Actuators Market Forecast To 2025
Global Actuators Market Segmented on the basis of
By type, the global actuators market has been segmented into market has been segmented as pneumatic,
electric, hydraulic, mechanical, and others. Among these, the electric segment presently accounts for the
maximum share of the global market and is projected to strike the highest CAGR of 5.61% during the
review period. The growth of the segment can be ascribed to the cost effectiveness of the electric
actuators.
By End-User, the actuators market has been segmented into automotive, oil & gas, aerospace & defense,
pharmaceutical, power, food & beverages, chemicals, water & wastewater and mining & metals. Among
these, the automotive segment has the dominant share of the market and is poised to strike a relatively
higher CAGR of 6.11% during the forecast period. The rising demand for automobiles is likely to influence
the expansion of the segment positively.