Description
APAC Electric Linear Actuators Market by Application (Industrial Automation, Robotics, Vehicles & Equipment); By Type (AC and DC) and Region – Analysis of Market Size, Share & Trends for 2018 and Forecasts to 2030
Product Overview
Electric linear actuator is a device that transforms an electric motor’s rotational movement (AC or DC) into linear movement. The linear movement is generated through the motor by spinning the actuator screw. The screw turns clockwise or anticlockwise, which allows the flank to travel up and down a line, producing a push / pull effect for the load (which is simply a nut on the screw). The unit may use an electric linear actuator to move or pull a load, raise or lower a load, put a load, or rotate a load.
Market highlights
Market was projected at USD 1.5 Billion in 2018, the Asia-Pacific Electric Linear Actuators market reaches USD 2 Billion by late 2030 which show a potential growth of XX% CAGR in the forecast period of 2019-2030. The need to boost efficiency and cut downtimes worldwide in production and manufacturing operations are the key factors that are anticipated to affect the APAC actuators market.
Asia-Pacific Electric Linear Actuators market: Segments
With a market value of USD XXXX million, the Industrial section accounted for the largest market share of 2018 and is expected to grow, during the forecast period, at the highest CAGR. Industrial Electric Linear Actuators, such as mechanical road obstacles, garage doors, simple lifting devices and cranes are progressively and effectively used in manufacturing automatic equipment, due to a rising need for automation.
In context of type, a further classification of the market study is based on the DC Electric Linear Actuator and the AC Electric Linear Actuator. Due to its high speed, DC Electric Linear Actuators reported for the biggest market share in 2018. It is also the highest growing business segment. With a market value of approximately USD 6,500million Asia-Pacific represented the largest market share in 2018 and is anticipated to increase at the highest CAGR in the forecast period of 2019-2030.
Asia-Pacific Electric Linear Actuators market: Market Dynamics
Drivers
Wide Application
The demand of automobile manufacturers for the electric linear actuators market also grows to control quality and production costs as the worldwide automotive sector continues to grow. With this greater automation, many automakers employ Electric Linear Actuators in various automotive production processes. These are included in different mechanisms for assembly vehicles such as pressing, raising, and transportation, bending, stamping and moving.
Restraint
Not Suitable for All Environment
While these actuators work well in most settings, they require the use of equipment designated particularly for conditions hazardous and inflammable areas. Such systems can use only actuators that are designed specifically for systems in conditions where flammable or explosive gases or particulates are present. To prevent injury or harm, this is important. In comparison to fluid control cylinders, it is known to have higher initial cost and a more complex nature.
Asia Pacific digital remittance market is further segmented by region into:
• China Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
• Japan Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
• India Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
• Hong Kong Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
• Singapore Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
• Taiwan Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
• Indonesia Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
• Rest of Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
Asia-Pacific Electric Linear Actuators market: Key Players
• Chiaphua Components
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• THK
• IAI
• Parker
• TiMOTION
• LINAK
• ABB
• SKF
• SMC
• MISUMI
• Moteck Electric
• Honeywell
• Auma
• Other Prominent Players
The Asia-Pacific Electric Linear Actuators market report also contains analysis on:
• Asia-Pacific Electric Linear Actuators market Segments:
o By Application
Industrial Automation
Robotics
Vehicle & Equipment
o By Type
AC Electric Linear Actuator
DC Electric Linear Actuator
• Asia-Pacific Electric Linear Actuators market Dynamics
• Asia-Pacific Electric Linear Actuators market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
