Major factor driving growth of the global actuator market is increasing demand from various sectors such as automotive, food and beverage, healthcare sector, etc.

Global actuator market is segmented on the basis of type, system, application, and region.

On the basis of product type the global actuator market is segmented into linear actuators and rotary actuators. The linear actuator segment is expected to account for highest share in the global actuator market in terms of revenue. The rotary actuator segment is projected to register highest CAGR over the forecast period.

On the basis of system, the global actuator market is segmented into electrical, pneumatic, hydraulic, and mechanical. The electrical segment is expected to account for highest share in the global actuator market in terms of revenue. The pneumatic segment is projected to register highest CAGR over the forecast period.

On the basis of application, the global actuator market is segmented into end use application and industrial application. The end use application segment is expected to account for highest share in the global actuator market in terms of revenue. The industrial application segment is projected to register highest CAGR over the forecast period.

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Market in North America is expected to account for major revenue share in the global actuator market. This can be attributed to increasing demand from various sectors and presence of prominent players operating in this region. Asia Pacific market is estimated to register highest CAGR in terms of revenue over the forecast period. Europe market accounts for second-largest revenue share in the global actuator market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively.

Key players operating in the global actuator market include Emerson Electric Co., Honeywell International Inc., Moog Inc., Rotork Controls Limited, Pentair, Inc., Parker-Hannifin Corporation, ABB Schweiz AG, Cameron Technologies US, Inc., SMC Japan Co Ltd., and Eaton Industries (Ireland) Limited.