Actuators Market worth $74.5 billion by 2024 Actuators Market 2025

Actuators Market worth $74.5 billion at a
Compound Annual Growth Rate (CAGR)
of 8.6% from 2019 to 2024.
The report "Actuators Market by Actuation (Electrical, Pneumatic,
Hydraulic),
Type
(Linear,
Rotary),
Application
(Industrial
Automation, Robotics, Vehicles & Equipment), Vertical (Automotive,
Electronics, Healthcare), and Region - Global Forecast to 2024"
The actuators market is estimated to be USD 49.2 billion in 2019 and is
projected to reach USD 74.5 billion, at a Compound Annual Growth Rate
(CAGR) of 8.6% from 2019 to 2024. This market is driven by factors, such
as the increasing investments in process automation of numerous industry
verticals, rising demand for robots, and technological advancements in
actuators.
Browse 137 market data Tables and 49 Figures spread through 228
Pages and in-depth TOC on "Actuators Market - Global Forecast to
2024"