North america linear actuators market To Grow At A Fast Pace Due To High Emerging Demand 2019 - 2027

 

North America Linear Actuators Market: Snapshot

The North America market for linear actuators is chiefly driven by the rising adoption of automation across a number of industries, an increased focus on wastewater management, and the flourishing aerospace and defense industry. An exponential rise in shale gas exploration activities in the region is also expected to levy a significant positive impact on the market’s overall development in the next few years.

Transparency Market Research estimates that the market will exhibit a promising more than 7% CAGR over the period between 2019 and 2027. At this rate, the market is projected to reach a valuation of above US$ 5 billion by 2027.


Electric Actuators to Remain Most Promising Product Variety

Of the key varieties of linear actuators available in the North America market, the report examines hydraulic, pneumatic, electric, and mechanical linear actuators. Of these, the segment of electric linear actuators emerged as the most attractive segment, accounting for a more than 25% of the market in 2018. The rising adoption across industrial automation practices, better flexibility options, and the lower cost of ownership are some of the key factors that helped boost the consumption of electric linear actuators in the North America market. In the near future, the demand for actuators with high power efficiency and low weight will drive the demand for electric actuators.

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The demand for electric actuators has also considerably increased in the region owing to the several limitations of mechanical actuators. The rate of replacement of mechanical actuators has considerably increased in the past few years, stimulating the uptake of electric actuators in the region. Electric actuators are expected to account for a nearly 25% of the overall market by 2027. The manual and hybrid varieties of linear actuators are also expected to witness promising growth over the said period.

Linear Actuators Market in Mexico to Exhibit Strong Growth

From a geographical perspective, the North America linear actuators market is examined for the U.S., Canada, and Mexico. Of these, the U.S. accounted for significant market’s overall revenue in 2018 and is expected to retain its top spot through 2027 as well. The high rate of adoption of industrial automation, the rising demand for wastewater management, and the boom in the shale gas and food and beverages industries have been boosting the application of linear actuators in the U.S. market. These factors will continue to drive the increased demand for linear actuators in the U.S., keeping the country at the top spot in the North America market.

However, the market in Mexico will exhibit the most promising growth over the forecast period, registering a more than 8% CAGR. The rapid growth across the construction and manufacturing sectors witnessed over the past few years is expected to remain one of the key factors responsible for the robust development of the linear actuators market in the country in the near future. Furthermore, rising government investment aimed at improving power supply infrastructure, airports, and pipelines is also expected to boost the demand for linear actuators in Mexico over the forecast period.

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Rising Demand for Precision and Self-control in Factory Operations to Boost Linear Actuators Market

Conversion of energy into straight-line movements is what linear actuators do and these are extremely useful for positioning. The most of linear actuators are either electro-mechanical or mechanical equipment that enable movement and precise positioning. These actuators are mainly utilized for valves, peripherals, industrial machinery, and many other places requiring linear motion. Push and pull action is generated by a standard linear actuator. Since most processes in a diverse range of industries are automated, the global linear actuator market is anticipated grow during the projected timeline with a healthy growth rate.

Demand for Linear Actuators to Rise on the Back of Factory Automation Worldwide 

The growing automation in the manufacturing sector is one of the key factors likely to drive the development of the global linear actuators market in near future. Industrial goals such as full factory automation and the integration of advanced technologies like IIoT (Industrial Internet of Things) are only a few of the major factors that are estimated to boost demand for linear actuators. In the context of a growing number of factories, the rapid industrialization is also likely to trigger growth of the global linear actuators market, especially in developing regions of the world. The demand for telescopic actuators is expected to skyrocket as the volume of research studies conducted rises. The demand for linear actuators is anticipated to increase as businesses resolve legacy systems to attain higher efficacy and substitute current actuators with latest models. In addition to that, the demand for positioning and self-control in the linear actuator market is set to increase continuously as growing number of industrial processes take place.

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Nevertheless, as concerns about job security grow in most countries in the face of increased factory automation, the demand for linear actuators could slacken in the years to come. Another aspect that could limit demand for linear actuators is the increasing adoption of 3D printing in several industries, as machine use is likely to decrease.

TMR is a leader in the market research space providing end-to-end business solutions and consulting services. TMR operates from its own office space of almost 10,000 sq. ft located in a prime commercial complex at Pune. We serve clients in 150 countries with an approach to deep dive into the economic aspects and geographical nuances for unfailing business intelligence.

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