Robotics and Automation Actuators Market, by Actuation (Electric, Pneumatic, and Hydraulic), by Application (Process Automation and Robotics), by End-use Industry (Automotive, Electronics, and Healthcare), by Design Characteristics (Load and Torque), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Trends, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Sep 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Actuators or drives are essential devices that convert energy into physical motion. Actuators are used in robotics and automation applications, as they help to control equipment by using pneumatic, hydraulic or electronic signals. The majority of actuators produce either linear or rotational motion. The robotics part consists of the robotic actuators which are required for industrial robots and the service robots. These robotics and automation actuators are operated by an external source of energy, typically electric current, hydraulic fluid pressure, or pneumatic pressure. The energy from these sources is converted into motion by the actuators. Each actuator type has versions for numerous power configurations and is available in various sizes and types, depending on the application.

Increasing Investments in Automation across Industry Verticals and Increasing Demand for Industrial Robots as well as Process Automation in the Different Industrial Verticals are the Factors Driving Growth of the Global Robotics and Automation Actuators Market

Increasing investments in automation across industry verticals as well as increasing demand for industrial robots as well as process automation in the different industrial verticals are key factors estimated to drive growth of the global robotics and automation actuators market to a certain extent. For instance, in August 2018, Rockwell Automation received a contract from the National Copper Corporation, Chile to supply control systems for the Chuquicamata underground mine at US$ 50 million. This contract includes the configuration, supply, and assembly of four systems, which comprise mine control systems.

However, the formulation and stringent implementation of various regulations to ensure reduced power consumption & increased the safety is expected to restrain growth of the global robotics and automation actuators market during forecast period.

Moreover, high installation and operational cost of robotics and automation actuators is projected to hamper growth of the global robotics and automation actuators market during the forecast period. Maintenance and operating costs include, an air-line installation and maintenance, replacement cylinder costs, and electricity for the compressor. According to the U.S. Department of Energy, in 2018, around 24% of the annual cost of compressed air is due to cost of equipment, maintenance, and installation, while 76% is due to the cost of electricity for compressor.

Global Robotics and Automation Actuators Market: Regional Insights

On the basis of geography, the global robotics and automation actuators market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The robotic and automation actuators market in Asia Pacific is growing at a significant rate and this trend is expected to continue during the forecast period. Asia Pacific has witnessed rapid economic development in the recent past, resulting in an increase in maritime trade. Electronics and electrical industries in countries such as China and Japan, have led to increase in demand for robotics and automation products and services. This in turn is expected to lead to high demand for robotics and automation actuators.

Furthermore, development of cost-effective and advanced robotics and automation actuators and increasing demand for industrial robots and process automation in different industrial verticals are some of the opportunities impacting growth of the robotics and automation actuators market in Asia Pacific. For instance, in 2017, AV Actuators announced the launch of new 60 Series and 110 Series actuators. This series offers a cost effective entry level model, with features such as manual override, heater, and end of travel limit switches as a standard. These 60 Series and 110 Series actuators will offer on-off functionality along with failsafe option to their customers.

Therefore, key vendors are focused on adopting strategies such as partnership, agreement, contract, and capacity expansion in order to strengthen their market position and increase their product offerings. For instance, in November 2018, ABB, one of the major players in the robotics and automation actuators market, received a contract of US$ 79.0 million from China Petroleum Engineering and Construction Corporation (CPECC) for to upgrade Bab Onshore Field in Abu Dhabi. This contract includes the fully integrated ABB Electrical, Control and Telecommunication (ECT) solution and the centralized automation system, which is expected to reduce the operation cost of the oilfield by 10 – 15%.

Key Players in the Global Robotics and Automation Actuators Market

Key players operating in the global robotics and automation actuators market include, ABB, Rockwell Automation, Inc., Moog Inc., Curtiss-Wright Corporation, Altra Industrial Motion, SMC Corporation, Festo Group, Harmonic Drive LLC, IAI America, Inc., DVG Automation S.p.A., Misumi Corporation, SKF, Cedrat Technologies, Tolomatic, Inc., Venture MFG Co., Kollmorgen, Macron Dynamics Inc., Nook Industries, Inc., and Rotomation, Inc.

Global Robotics and Automation Actuators Market: Taxonomy

By Actuation

  • Electric
  • Pneumatic
  • Hydraulic

By Application

  • Process Automation
  • Robotics

By End-use Industry

  • Automotive
  • Electronics
  • Healthcare

By Design Characteristics

  • Load
  • Torque

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.