The global Electric Linear Cylinders Market is estimated to be valued at US$ 760.4 Mn in 2022 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Electric linear cylinders are electro-mechanical actuators used in industrial automation for linear motion applications. They provide precise positioning and repeatable motion. Typical applications include automation equipment, assembly lines, and robotics.
Market key trends:
One of the key trends in the electric linear cylinders market is the increasing adoption of electric linear cylinders in semiconductor wafer fabrication. Semiconductor wafer fabrication is a highly precise and automated process that requires linear actuators for accurate positioning of wafer stages, chucks, and other equipment. The market for semiconductor fabrication equipment has been growing steadily, driven by increasing investments in wafer fabs by major chip manufacturers. This is expected to drive the demand for electric linear cylinders in the coming years.
Segment Analysis
The electric linear cylinders market is dominated by the 0-25 Cm (0-10 inch) stroke segment. This segment accounts for more than 40% of the total market share owing to widespread adoption across industries such as manufacturing, food and beverages, and electronics. The linear stroke movement offered by 0-25 Cm electric linear cylinders makes them suitable for a variety of picking, placing, assembling and processing applications requiring short-stroke linear motion.
Key Takeaways
The global electric linear cylinders market is expected to witness high growth, exhibiting a CAGR of 5.1% over the forecast period, due to increasing demand from industrial automation across various industries.
Market size
The Global Electric Linear Cylinders Market Size was valued at US$ 760.4 Mn in 2022 and is expected to reach US$ 1,182.2 Mn by 2030. The increasing demand for precision automation is driving the growth of the market.
Regional analysis
North America is expected to dominate the global electric linear cylinders market owing to large presence of manufacturing industries in countries like US and Canada. Asia Pacific is projected to exhibit fastest growth due to rising industrialization in developing countries of the region.
Key players
Key players operating in the electric linear cylinders market are Bosch Rexroth AG, Tsubakimoto Europe B.V., RACO-Elektro-Maschinen GmbH, Mul-T-Lock, Exlar Europe GmbH, Linearmech S.R.L., Parker Hannifin, SEW-EURODRIVE GmbH & Co KG, SKF, BJ-Gear, Kollmorgen, Tolomatic, RK Rose+Krieger GmbH, Seimens AG, Moog, Inc., SMC Corporation, and Rockwell Automation.
Read more: https://www.ukwebwire.com/electric-linear-cylinders-market-share-forecast/
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