Global Actuators Market was valued US$ 39.20 Bn in 2017 and is expected to reach 54.80 Bn by 2026, at a CAGR of 4.28 % during a forecast period.
An actuator is an equipment, which transforms energy into motion. It is principally used to apply a force on an entity to complete various mechanical operations.
An increase in the number of aircraft carriers, steady growth in the global automotive industry, and technical advancements in actuators are expected to propel the global actuators market growth. The rapid expansion of the manufacturing and processing industry sector, safety assurance, and less requisite of manual handling is also expected to boost the growth in the global actuators market. Furthermore, The substantial investments sustained in the development of different types of actuators are limiting the growth of the actuators market across the globel.
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