Electric linear cylinders are electro-mechanical actuators that are used to covert electrical energy into linear mechanical motion. They offer advantages such as precise control, programmability, ease of integration, and high force and speed in small footprints. They find widespread application in production equipment for manufacturing industries.
The global Electric Linear Cylinders Market is estimated to be valued at US$ 799.18 Mn in 2023 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 key trends:
The increased adoption of automation in various manufacturing industries such as automotive, food & beverages, semiconductor, and others is one of the major factors contributing to the growth of the electric linear cylinders market. This is due to the advantages offered by electric linear cylinders such as precise control, repeatability, energy efficiency, and reduced downtime. Their programmable and customizable nature allows industries to integrate them easily according to production requirements. The growing need for enhanced productivity and quality among manufacturers is driving the demand for electric linear cylinders globally.
Segment Analysis
The global electric linear cylinders market size is segmented by type into single-ended cylinders, double-ended cylinders, and other types. The double-ended cylinder segment dominates the market currently as they are versatile and can produce bidirectional linear motion. They generate thrust in both directions using a single rod and are commonly used where components need to be moved back and forth.
Key Takeaways
The global electric linear cylinders market is expected to witness high growth over the forecast period of 2023 to 2030. The market size for electric linear cylinders in 2023 is US$ 799.18 Mn and is projected to grow at a CAGR of 5.1% during the forecast period.
Regional analysis
Asia Pacific region currently dominates the electric linear cylinders market and is expected to continue its dominance over the forecast period. Countries like China, Japan, and South Korea have heavily growing manufacturing and industrial sectors which drives the demand for electric linear cylinders in various applications. The region is also witnessing increased adoption of automation technologies across industries which further boost the market growth.
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. These players are focusing on new product launches and expansions to increase their market share.
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