Electrical Quarter-Turn Actuator Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Looking ahead from 2023 to 2033, the Electrical Quarter-Turn Actuator Market is poised for even greater growth. The demand for electric actuators is expected to rise as industries continue to push for automation, digitization, and sustainable energy solutions. Several key factors, such as the increasing focus on reducing carbon emissions, the need for efficient energy systems, and the push toward digital transformation, will significantly drive the demand for electrical actuators in the coming decade. By 2033, the market is projected to expand to over USD 5 billion, with a CAGR of 6.2%. Moreover, the integration of IoT and smart technologies in actuator systems will create new opportunities for growth, particularly in industries like manufacturing, energy, and transportation.
As companies look to modernize their facilities and embrace the Industrial Internet of Things (IIoT), the demand for smart, interconnected actuators will rise. The growing adoption of smart grids and renewable energy systems further strengthens the need for these actuators in applications ranging from energy distribution to process automation. Additionally, regions such as Asia-Pacific and Europe are expected to experience strong growth in the electrical actuator market due to rapid industrialization and increased emphasis on sustainable infrastructure development.
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The Electrical Quarter-Turn Actuator Market has seen significant fluctuations from 2018 to 2022. As industries worldwide adapted to growing automation and efficiency demands, the market saw steady growth, driven by advancements in technology and increasing demand for automation in various industries like oil & gas, chemical processing, and water treatment. However, the market also faced challenges due to geopolitical tensions, supply chain disruptions, and fluctuating raw material prices. Despite these obstacles, the demand for electrical quarter-turn actuators remained robust, especially for their efficiency, low maintenance, and high precision, leading to a consistent rise in market value. By 2022, the market was valued at approximately USD 2.8 billion, with a compound annual growth rate (CAGR) of 4.6% during the review period from 2018 to 2022.
Aalberts N.V.
Damcos A
NIBCO Inc
Metso Automation
Emerson
COVNA Group
GEMÜ Group
Marsh Engineers
Weir Oil & Gas
Inc.
TruTorq Mekanotjanst
Christian Bürkert
IMI STI
Rotork
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electrical Quarter-Turn Actuator Market
Oil and Gas Industry
Power and Energy Industry
Chemical Industry
Water Treatment Industry
Other
Based on Types the Market is categorized into Below types that held the largest Electrical Quarter-Turn Actuator market share In 2023.
Electrical Single-acting Quarter-Turn Actuator
Electrical Double-acting Quarter-Turn Actuator
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electrical Quarter-Turn Actuator Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electrical Quarter-Turn Actuator Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electrical Quarter-Turn Actuator Market, By Type
6. Global Electrical Quarter-Turn Actuator Market, By Application
7. Global Electrical Quarter-Turn Actuator Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electrical Quarter-Turn Actuator Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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