Electric Actuator Market is driven by Industry 4.0 Automation

The electric actuator market comprises products that help in linear and rotary motion control applications via electric motors. Electric actuators provide precise positioning and help automate various industrial and commercial processes. They are used across industries such as oil & gas, energy & power, manufacturing, building automation, and automotive. Electric actuators offer various advantages over pneumatic and hydraulic actuators such as lower energy consumption, reduced noise levels, easy maintenance, precise motion control, and flexibility for integration into automated systems. The growing adoption of Industry 4.0 technologies and increasing focus on industrial automation is driving the demand for electric actuators.
The electric actuator market is estimated to be valued at USD 13.96 Bn in 2024 and is expected to reach USD 21.15 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.11% from 2024 to 2031.
The demand for Electric Actuator Market is growing significantly across industries due to the increasing need for automation and precision motion control applications. Electric actuators help reduce costs and improve productivity by automating manual operations. Their ease of integration with automation systems and programmable logic controllers is also driving their adoption across automotive, food & beverages, and life sciences industries.

Electric Actuator Market -https://www.coherentmi.com/ind....ustry-reports/electr