Christy Publications Robotics and Automation Actuators Market | Page 3

60 Series and 110 Series actuators will offer on-off functionality along with failsafe option to
their customers.
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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.