GLOBAL NEWS: With $30.9 billion in Robotics and Automation Actuators Market, ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US), Moog (US), SMC (Japan), Curtiss Wright (US), and MISUMI (Japan) takes a new turn.
[140 Pages Report] The robotics and automation actuators market is estimated to be USD 15.8 billion in 2019 and is projected to reach USD 30.9 billion by 2024, at a CAGR of 14.37% from 2019 to 2024. The need to increase productivity and reduce downtime in industrial facilities and manufacturing activities worldwide are the major factors expected to drive the market for actuators globally. The development of advanced and cost-effective robotics and automation actuators, and increasing demand for industrial robots and process automation in different industrial verticals are some of the opportunities impacting the growth of the robotics and automation actuators market.
Download Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=143328029 By type, the rotary actuator segment is expected to grow at the highest CAGR during the forecast period On the basis of type, the given market has been segmented into linear and rotary. The rotary segment is projected to grow at the highest CAGR during the forecast period. Rotary actuators are used primarily in automation applications, such as gates, valves, etc. They are used in a wide range of industries where positioning is needed. Rotary actuators are driven by various motor types, voice coils, etc. Applications of rotary actuators include quarter-turn valves, automation, and robotics.