Electric Linear Cylinders Market - Insights
Global electric linear cylinders market was valued at US$ 595.7 Mn in 2018 and is expected to reach US$ 962.5 Mn in 2027, exhibiting a CAGR of 5.5% over the forecast period (2019–2027). Among verticals, food and beverages segment is expected to register the highest CAGR of 5.8% over the forecast period.
Technological advancements in design and development of electric linear cylinders and actuators is a current trend in the industry. Electric cylinders are high-performance and cost-effective alternatives to pneumatic and hydraulic cylinders, which has led manufacturers to focus on innovation in design, and improve capabilities of electric linear cylinders. For instance, Bosch Rexroth offers modern control technology with customization that allows changes in parameters for position, force, and travel speed. The company offers high performance electromechanical cylinders with high-precision ball screw assemblies, complete turn-key systems, high energy efficiency, compact structural design, and hygienic design for users. Current focus of key manufacturers is on providing compact, robust, and reliable design of electric linear cylinders with a longer life span and minimal maintenance. SMAC Corporation offers electric actuators with life cycle beyond 100 million cycles, and the ability to repeat a move within one millisecond. Additionally, the subsea electric actuators by ULTRAMOTION are able to operate at a depth of 22,000 feet underwater (10,000 psi).
Moreover, key players are offering solutions that can be tailored to meet performance specifications specific to industry needs. This may include capabilities that go beyond standard specifications to carry out certain task. For instance, Bosh Rexroth, ULTRAMOTION, RK Rose+Krieger GmbH, and others offer custom-made electric cylinders or actuators for a wide range of applications across various industry verticals.
Above 0.5 m/s segment held a dominant position in the market in 2017
Among linear speeds, the above 0.5 m/s segment held dominant position in the global electric linear cylinders market in 2017, and is projected to retain its dominance throughout the forecast period. Electric cylinders with linear speed above 0.5 m/s have application in thrust-rod type actuators. These actuators are ball screw or load screw driven. The primary application of these cylinders is in pushing-pulling and inserting operations, which require very short extension and retraction times. The cylinders with steel reinforced belts achieve speeds of 10 m/s or more. Rack and Pinion cylinders normally reach speeds of 5 m/s. For instance, Curtiss-Wright Sensors & Controls Division Exlar offers FTX Series actuators with electric rod-style structure, which deliver continuous force up to 44 kN, and speed up to 1.166 m/s.
Figure. Global Electric Linear Cylinders Market Size (US$ Mn), by Region, 2018 & 2027
Source: CMI, 2018/19
India is expected to witness high adoption of Electric Linear Cylinders by 2027
In 2018, the India electric linear cylinders market generated revenue of US$ 41.2 Mn, and it is expected to grow at a CAGR of 6.6% over the forecast period.
The market in India is expected to witness significant growth throughout the forecast period owing to rapidly expanding economy, and favorable foreign direct investment (FDI) policies. For instance, according to the Department for Promotion of Industry and Internal Trade (DPIIT), in 2019, FDI equity inflows in India stood at US$ 44.37 billion, which shows increasing focus by foreign investors on expanding their business in India.
The automotive industry is one of the largest industries in India, and has observed several new entrants. The recent entry of the U.K.-based brand MG Hector, and South Korea-based brand KIA is expected to boost growth of India’s automotive sector. Therefore, the growing automotive sector and increasing adoption of automation is expected to result in high demand for electric linear cylinders in the market.
Figure. Asia Pacific Electric Linear Cylinders Market Share Analysis, by Country, 2018 & 2027 (%)
Source: CMI, 2018/19
Furthermore, some of the prominent automobile manufacturers such as Daimler, BMW, Ford, Nissan, and Volkswagen have production bases in India, which is expected to propel demand for electric linear cylinders. Other industry verticals that are witnessing rapid growth in India such as food and beverages and pharmaceuticals, are also contributing to growth of the electric linear cylinders market in the country.
Global Electric Linear Cylinders Market: Key Players
Major players operating in the global electric linear cylinders industry include Bosch Rexroth AG, Tsubakimoto Europe B.V., RACO-Elektro-Maschinen GmbH, Mul-T-Lock, Exlar Europe GmbH, Linearmech S.R.L., Parker Hannifin, SEW-EURODRIVE GmbH & Co KG, SKF, BJ-Gear, Kollmorgen, Tolomatic, RK Rose+Krieger GmbH, Seimens AG, Moog, Inc., SMC Corporation, and Rockwell Automation.
Electric linear cylinders or linear actuators are devices which convert the rotational motion of an electric motor into push or pull movement, also known as linear movement. These devices are used across various applications that require pushing/pulling load, raising or lowering the position of the load, or rotating the load. These devices have high speed/thrust capabilities, control, and better flexibility compared to hydraulic or pneumatic types. Electric linear cylinders are high-precision ball screw assemblies which are available at lower prices.
Market opportunities: High Demand for Electric Linear Cylinders in Aerospace Applications over Conventional Cylinders
Increase in fuel prices has urged airlines worldwide to use electromechanical actuators which has led to high demand for electric linear cylinders. These devices are fuel efficient and cost-effective which helps airlines manage their budget for aircraft maintenance. Additionally, increasing number of aircraft functions are being powered by electrical systems rather than conventional hydraulic or pneumatic systems, which help in reducing fuel consumption and achieving higher reliability at lower costs. These cylinders also have potential application in aircraft manufacturing processes, launching systems, and flight control among other control systems. The growing market for Maintenance, Repaid, and Overhaul (MRO) services across the globe is a major factor boosting demand for electric linear cylinders. As per Worldwide Market Reports’ secondary research, the global in-service commercial airline fleet is expected to exceed 35,000 by 2027, from 25,000 aircrafts in 2017. Major growth engines for the in-service commercial airline fleet will be India and China which are expected to witness production of twice as many airline fleets, and will in-turn increase demand for related MRO services in the near future. Moreover, next-generation aircraft have improved operating costs and advanced technology such as new construction material (hybrid alloys, special coatings, etc.), and new data collection tools which requires significant initial investments. High demand for next-generation aircraft and MRO services will account for a large share in the revenue for in-service commercial airline fleet. This, in particular, is expected to drive demand for electric linear cylinders due to advantages such as cost-effectiveness, high reliability, and longer life span compared to other conventional products.
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