Linear Actuators Market to grow at a CAGR of 8.2 percent to reach USD 109.69 Bn by 2029

(IT-NEWSWIRE.COM, April 07, 2023 ) As per Maximize Market research, the total global market for “Linear Actuators Market” was USD 58.39 Bn in 2021 and is expected to grow at a CAGR of 8.2 percent over the forecast period to reach USD 109.69 Bn by 2029

Linear Actuators Market Report Scope and Research Methodology

The Linear Actuators Market report is a combination of secondary and primary data, which makes it error-free and authentic. It provides a detailed analysis of current, past and future market dynamics including opportunities, drivers, restraints and challenges. The bottom-up approach was used to estimate the Linear Actuators Market size.

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Linear Actuators Market Dynamics

The key factors that are driving the global Linear Actuators Market are higher speed, high accuracy, and high reliability. Rising automation across the industries is the major driving factor for the growth of the linear actuators market. The growing demand for smart actuators will be one of the trends in the linear actuators market.

Linear Actuators Market Regional Insights

The market in Asia pacific is projected to grow at the highest growth rate during the forecast period owing to rapid industrialization and urbanization in the region. The market growth is attributed to the growing hydroelectricity power plants.

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Linear Actuators Market Segmentation

By Operation Mechanism

Mechanical

Hydraulic

Pneumatic

Electro-mechanical actuators

By End Use Industry

Automotive

Medical/Healthcare

Energy and Mining

Steel

Construction

Military

Chemical

Others

Linear Actuators Market Key Competitors include:

Emerson Electric

Flowserve

LINAK

Parker Hannifin

SMC

Duff-Norton

Helix Linear Technologies, Inc.

Altra Industrial Motion Tolomatic, Inc.

Fabco-Air, Inc.

BEI Kimco Magnetics

Dеl-Тrоn Рrесіѕіоn

Rоllоn

Моtесk Еlесtrіс

ТіМОТІОN

LІNАК

Тоlоmаtіс

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Maximize Market Research is leading Electronics research firm, has also published the following reports:

Linear Slides Market- The market size is expected to reach USD 4.45 billion by 2029 at a CAGR of 8.6 percent during the forecast period.

Automotive Engine Actuators Market- The market size is expected to reach USD 44.92 billion by 2029 at a CAGR of 7 percent during the forecast period.

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Linear Actuators Market to grow at a CAGR of 8.2 percent to reach USD 109.69 Bn by 2029