The ‘Global Electric Cylinders and Slide Actuators Market Growth, Size, Share, Analysis, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global electric cylinders and slide actuators market, assessing the market based on its segments like product type, motor attachment position, module type, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Electric Cylinders and Slide Actuators Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 8.60%
The rapidly developing food and beverage sector can provide considerable opportunities for the growth of the electric cylinders and slide actuators market. The food and beverage industry utilises a high level of automation as it is necessary for manufacturers to streamline processing, treatment, packaging, and other applications so that the products can be manufactured and distributed timely.
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The electric cylinders and slide actuators demand is rapidly increasing in the robotics industry, as these types of equipment are extensively implemented in robots to enable their mobility.
There is a growing focus on automation in various fields, which has propelled the demand for industrial robotics. The manufacturers are focused on developing advanced robots to support different tasks in various end-use sectors and this can further enhance the growth of the market.
Electric Cylinders and Slide Actuators Industry Definition and Major Segments
An electric cylinder is a device that utilises various types of motors such as servo motors, stepper motors, and brushless DC electric motors, among others, to convert electrical energy into mechanical energy by rotating screws and provide linear motion.
Slide actuators are equipment that drives a nut down a threaded shaft. They are used to convert rotational motion into push and pull motion.
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The electric cylinders and slide actuators market, by product type, can be divided into:
• Mini Slide Unit EGSS
• Mini Slide EGSL
• Electric Slide EGSK
• Electric Cylinder Unit EPCS
• Electric Cylinder ESBF
Based on motor attachment position, the market is segmented into:
• Parallel Left
• Parallel Right
• Parallel Top
• Parallel Bottom
Based on module type, the market is categorised into:
The regional markets for electric cylinders and slide actuators include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Electric Cylinders and Slide Actuators Market Trends
Automation is a major trend being witnessed in various end-use industries and it has increased due to advancements in robotics, AI (artificial intelligence), and ML (machine learning). There is an increasing demand for automation in major sectors including automotive, food and beverage, medical, transportation, and agriculture, among others, which, in turn, is contributing to the electric cylinders and slide actuators market growth.
The advancements in solar panel technology have propelled the demand for actuators as linear actuators enable solar tracking equipment to move in different directions to follow the sun’s orbit, which subsequently improves the efficiency of the solar panel system.
Electric cylinders are rapidly being implemented in place of pneumatic cylinders in multiple industries due to various advantages such as lower maintenance costs, increased efficiency, and accurate and enhanced motion control, among other benefits, thereby aiding the electric cylinders and slide actuators market growth. This equipment can provide extremely versatile linear motion and due to the tubular structure, the lead screw or ball screw is protected from dust and other environmental factors.
Key Market Players
The major players in the global electric cylinders and slide actuators market report include Festo Inc., Parker Hannifin Corp, Thomson Linear, Oriental Motor, Bosch Rexroth Corporation, PHD Inc., and Tamagawa Seiki Co Ltd, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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