Electromechanical Actuator Market

Electromechanical actuators convert the energy created by electricity into linear motion. Electromechanical actuators come under the category of linear actuators. Other types of linear actuators available in the market are mechanical actuators, hydraulic actuators, pneumatic actuators, and piezoelectric actuators. Electromechanical actuators provide a lot of advantages over the traditional pneumatic and hydraulic actuators. This is the reason why electromechanical actuators are widely popular.

Market Overview:

The energy created by liquid, electricity or air is converted into motion by electromechanical actuators. Motion generated because of an electromechanical actuator can be in the form of ejection, clamping or blocking. Electromechanical actuators find application in manufacturing processes and also used in the devices such as valves, switches, motors, and pumps. Electromechanical actuators are technologically advanced versions of the traditional pneumatic and hydraulic actuators. Electromechanical actuators have advanced linear motion design and have increased energy efficiency. Electromechanical actuators are compact, versatile and can operate in a much wider range of conditions and applications as compared to the pneumatic and hydraulic actuators. Electromechanical actuators are quite similar to the mechanical actuators, but have an electric motor in place of the handle or control knob, and linear displacement is generated through the rotary motion of the motor. With significant technological advancement as well as automation of various industrial processes, and other activities; utilization of electromechanical actuators has increased in recent years. This trend is expected to sustain in the industry for the forecast period.

Market Dynamics:

Electromechanical actuators are used in aircraft maintenance. Increasing fuel prices are forcing the airlines across the globe to utilize components such as electromechanical actuators that are fuel efficient as well as energy efficient, thereby helping the airlines cut down the amount of money spent on aircraft maintenance. Aircraft functions being powered by electrical systems rather than the traditional hydraulic and pneumatic systems help in reducing the amount of fuel burnt, reducing the maintenance cost and also provide higher reliability. The aircraft market is witnessing a growth regarding aircraft manufacturers as well as aircraft orders. This factor is likely to drive the Electromechanical Actuators Market. Increased adoption of electromechanical actuators rather than pneumatic actuators is boosting the growth of Electromechanical Actuators Market. This shift towards electromechanical actuators is happening because electromechanical actuators have low operating costs, provide high energy efficiency and also provide precise control and positioning. Manufacturing industry is witnessing a rise in the automation. Integrating industrial Internet of Things and achieving complete factory automation are some of the major industrial objectives. These factors are likely to drive the growth of the Electromechanical Actuators Market.

As the automation is increasing in most of the domains of the industries, employment rates are decreasing. The demand for electromechanical actuators may get sluggish owing to this factor. The increase in the adoption of 3D printing by many industries is another reason why the growth of the Electromechanical Actuators Market is likely to be restrained. This is because due to the adoption of 3D printing techniques, the usage of machines will decrease.

When the three types of actuator technologies are compared (that is pneumatic, hydraulic and electromechanical actuators), it is evident that the electromechanical actuators have a lot of benefits as compared to the traditional fluid power. The most recent trend in the Electromechanical Actuator Market is the use of robotic weld guns. Robotic weld guns are the latest application of the electromechanical actuators, being converted from fluid power to electromechanical.

Market Segmentation:

The Electromechanical Actuators Market is segmented on the basis of end-user type, motion, control system, and region.

On the basis of end-users type, Electromechanical Actuators Market is segmented into agricultural equipment, aviation, oil and gas, metals and mining, construction and others.

On the basis of the type of motion, Electromechanical Actuators Market is segmented into oscillatory motion, rotary motion and linear motion.

On the basis of the type of the control system, Electromechanical Actuators Market is segmented into software-based and simple. A control system acts upon the environment with the help of electromechanical actuators. Software-based control systems include robot control system and printer driver. Simple control systems include electronic system and fixed mechanical system.

North America region is the region with the highest demand for electromechanical actuators. Asia Pacific Except Japan (APEJ) is another prominent market for the electromechanical actuators. This is due to the huge automobile production in the region. Among the countries of the APEJ region, China leads in the production of electromechanical actuators. Following China, Indonesia and India are also expected to show significant growth trends in the Electromechanical Actuators Market. Western Europe houses the headquarters of the big research base and automotive companies which are likely to boost the growth of electromechanical actuators in this region. Eastern Europe is likely to generate a lot of demand for electromechanical actuators in the forecast period from the energy and defense sectors. Growing semiconductor industries are likely to drive the growth of the Electromechanical Actuators Market in the Japan region.

Key Players:

Few of the major players in the Electromechanical Actuators Market include United Technologies Corporation, Umbra Group, Parker Hannifin Corp., Festo, Eaton, Crane Process Flow Technologies Ltd., Honeywell International, Bosch Rexroth, Rockwell Collins, GE Energy and Moog Inc.

With the strategy of growth in the renewable-energy sector, Parker Hannifin Corp. has launched a Hybrid Actuation System (HAS) that is made up of electromechanical actuators and hydraulic actuators for precise holding and control of power. Hybrid Actuation System has a compact design such that it can be easily installed on the solar-tracking solar panels.

Overall, it can be concluded that the growth prospects for the Electromechanical Actuators Market look positive in the forecast period. Owing to the advantages that the electromechanical actuators have over traditional pneumatic and hydraulic actuators, Electromechanical Actuators Market is expected to grow at considerably high CAGR.