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Robotics and Automation Actuators Market worth US$35.8 billion in 2027, at CAGR of 13.9%

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Robotics and Automation Actuators Market worth US$35.8 billion in 2027, at CAGR of 13.9%

June 21
20:24 2022
Robotics and Automation Actuators Market worth US$35.8 billion in 2027, at CAGR of 13.9%
Robotics and Automation Actuators Market
Robotics and Automation Actuators Market Research Report, identifies new revenue opportunity in robotics and automation actuators industry.

According to a research report Robotics and Automation Actuators Market by Actuation (Electric, Pneumatic, Hydraulic), Application (Process Automation, Robotics), Type, Vertical (Automotive, Electronics, Healthcare), Design Characteristics & Region – Global Forecast to 2027″ published by MarketsandMarkets, the robotics and automation actuators market is estimated to be valued from USD 18.7 billion in 2022 to USD 35.8 billion by 2027; at a CAGR of 13.9% during the forecast period.

– Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=143328029

Browse 236 market data Tables and 47 Figures spread through 248 Pages and in-depth TOC on “Robotics and Automation Actuators Market by Region – Global Forecast to 2027″View detailed Table of Content herehttps://www.marketsandmarkets.com/Market-Reports/robotic-automation-actuator-market-143328029.html

Robotics and Automation Actuators Market

The robotics and automation actuators market is growing at a significant rate, and this trend is expected to continue during the forecast period. This growth can be attributed to the development of advanced actuators, such as pneumatic muscle arm actuators, shape memory alloy actuators, and compact electric actuators. However, stringent regulations regarding safety and power consumption, noise, and leak issues are some of the restraints impacting the growth of the market.

The Roboticts application segment of the robotics abd automation actuators market is projected to grow at the highest CAGR during the forecasted period.

By application, the robotics segment is projected to grow at the highest CAGR in the robotics and automation actuators market in 2022. The growth in service robots in applications such as logistics, medical, field robotics, exoskeleton and household will fuel the growth of robotics segment.

The Rotary actuator segment of the robotics abd automation actuators market is estimated to have the highest CAGR during the forecasted period

By type, the rotary is estimated to grow at a highest CAGR during the forecast period. Growth in rotary actuators can be attributed to the increasing installations of industrial robots and growing demand for service robots.

Asia Pacific is estimated to lead the robotics and automation actuators market

Asia Pacific is estimated to lead the robotics and automation actuators market by 2027. The market growth in this region can be attributed to the installation of automation systems in Japan and China and the higher manufacturing of industrial robots in these regions. The presence of some major companies such as SMC (Japan), MISUMI Group Inc. (Japan), IAI (Japan) is also contributing to the growth of the Asia Pacific robotics and automation actuators market.

ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US). Moog (US), SMC (Japan), Curtis Wright (Exlar) (US), and MISUMI (Japan) are some of the leading players covered in the robotics and automation actuators market report.

Don’t miss out on business opportunities in Robotics and Automation Actuators Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/robotic-automation-actuator-market-143328029.html

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