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Understanding Altra Industrial Motion s Ex-Dividend Date
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Actuators Market worth $86 6 billion by 2027 - Exclusive Report by MarketsandMarkets™
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Industrial Gear Motors and Drives Market Size and Growth 2021-2028 | Top Vendors – Siemens, SEW-EURODRIVE, Nord, Bosch Rexroth, Emerson, ABB, Altra Industrial Motion, Sumitomo Heavy Industries – KSU
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Actuators Market by Actuation (Electrical, Pneumatic, Hydraulic), Type (Linear, Rotary), Application (Industrial Automation, Robotics, Vehicles & Equipment), Vertical (Automotive, Electronics, Healthcare), and Region - Global Forecast to 2027 , published by MarketsandMarkets™, the Actuators Market is projected to grow from USD 53.9 billion in 2021 to USD 86.6 billion by 2027, at a CAGR of 8.2% between 2021 and 2027. Increased demand for new and advanced actuators in different verticals and the development of smart cities across the globe are some of the growth opportunities for the actuators market.
The linear actuator segment accounts for the largest market size during the forecast period
Based on type, linear actuators segment is projected to lead the actuators market during the forecast period. The growth of this segment can be attributed to their increased use in packaging machines, medical equipment, production machinery, transportation, and aerospace & defense industri