Executive Summary
Azoth Analytics has released a research report titled "Global Safety Actuators Market (2023 Edition)" which provides a complete analysis of the global safety actuators market in terms of market segmentation by Type (Linear, Rotary), Actuation (Electric, Hydraulic, Pneumatic), End-User Industry (Consumer Electronics, Manufacturing Plants, Automotive, Aerospace & Defense, Medical, Others) at the global, regional and country-level for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.
The research report covers a detailed analysis of the regions (Americas, Europe, APAC, Middle East and Africa) and 10 countries (United States, Canada, Brazil, United Kingdom, Germany, France, China, India, Japan, Australia). Additionally, the research report presents data including market size, yearly growth and potential analysis, the competitive study of market players, investment opportunities and demand forecast. The research study also assesses growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market's evolution.
During the forecast period, 2024-2029, the Global Safety Actuators Market is expected to expand at a CAGR of 8.3%. Integration of the Internet of Things and Industry 4.0 are driving the Global Safety Actuators Market. The Global Safety Actuators Market is expected to generate USD 1481.61 million by the end of 2029, up from USD 857.06 million in 2022. Increases in manufacturing plants, and the automotive sector, have emerged as key drivers for the global Safety Actuators market.
The rising awareness among industries about the importance of industrial safety, coupled with stringent safety rules and regulations, is driving the adoption of safety actuators in factories. These actuators offer various features such as fail-safe operation, emergency shutdown capabilities, and rapid response times, providing an added layer of protection for workers and equipment. Moreover, advancements in technology have also led to the development of innovative safety actuators that offer enhanced functionality and connectivity. For instance, some safety actuators can be integrated with intelligent control systems, allowing real-time monitoring and remote operation. This not only improves safety but also enhances operational efficiency in the industrial operations.
Robotics and Process Automation is an emerging technology automating business processes that combines software, artificial intelligence and machine learning capabilities and algorithms to imitate the activity of human workers and automate manual tasks within workflow and process-related applications and operations. Process Automation is used and still adopted by many companies to perform their daily repeated tasks by creating algorithms. The demand for improved performance robotics and automation safety actuators for use in various industries facilitates the development of new and advanced actuators such as electric actuators, compact pneumatic actuators, and explosion-proof actuators. As technology evolves, robots are getting increasingly energy-efficient and easy to deploy across various industries.
Scope of the Report:
• The report analyses the Global Safety Actuators Market by Value (USD Million).
• The report presents the analysis of the Global Safety Actuators Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
• The report analyses the Global Safety Actuators Market by Type (Linear and Rotary).
• The report analyses the Luxury Goods Market by Actuation (Hydraulic, Pneumatic, Electric).
• The report analyses the Luxury Goods Market by End-use Industries (Consumer Electronics, Manufacturing Plant, Automotive, Aerospace and Defense, Medical and Others).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Type, and by Actuation.
• Also, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Siemens AG, Emerson Electric Co., Mitsubishi Electric, ABB Ltd., Sick AG, Rotork plc, Festo AG & Co. KG, General Electric Company, Bimba and MOOG.
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Strategic Recommendations
2.1 Fragile Supply Chains
2.2 Investment in Research and Development
3. Global Safety Actuators Market: Historic and Forecast (2019-2029)
3.1 Impact Analysis of Macro-economic Factors on the Safety Actuators Market
3.2 The leading heavy equipment manufacturers worldwide as of May 2023, based on sales (in billion U.S. dollars)
3.3 Global Safety Actuators: Recent Developments by Major Key Players
3.4 Global Safety Actuators Market: Dashboard
3.5 Global Safety Actuators Market: Market Value Assessment, 2019-2029 (USD Million)
3.6 Impact of COVID-19 on Safety Actuators Market
3.7 Global Safety Actuators Market Segmentation: By Type
3.7.1 Global Safety Actuators Market, By Type Overview
3.7.2 Global Safety Actuators Market Size, By Linear, By Value, 2019H-2029F (USD Million & CAGR)
3.7.3 Global Safety Actuators Market Size, By Rotary, By Value, 2019H-2029F (USD Million & CAGR)
3.8 Global Safety Actuators Market Segmentation: By Actuation
3.8.1 Global Safety Actuators Market, By Actuation Overview
3.8.2 Global Safety Actuators Market Size, By Hydraulic, By Value, 2019H-2029F (USD Million & CAGR)
3.8.3 Global Safety Actuators Market Size, By Pneumatic, By Value, 2019H-2029F (USD Million & CAGR)
3.8.4 Global Safety Actuators Market Size, By Electric, By Value, 2019H-2029F (USD Million & CAGR)
3.9 Global Safety Actuators Market Segmentation: By End-use Industry
3.9.1 Global Safety Actuators Market, By End-use Industry Overview
3.7.2 Global Safety Actuators Market Size, By Consumer Electronics, By Value, 2019H-2029F (USD Million & CAGR)
3.9.3 Global Safety Actuators Market Size, By Manufacturing Plant, By Value, 2019H-2029F (USD Million & CAGR)
3.9.4 Global Safety Actuators Market Size, By Automotive, By Value, 2019H-2029F (USD Million & CAGR)
3.9.5 Global Safety Actuators Market Size, By Aerospace & Defense, By Value, 2019H-2029F (USD Million & CAGR)
3.9.5 Global Safety Actuators Market Size, By Medical, By Value, 2019H-2029F (USD Million & CAGR)
3.9.6 Global Safety Actuators Market Size, By Other End-use Industries, By Value, 2019H-2029F (USD Million & CAGR)
4. Global Safety Actuators Market, Regional Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas Safety Actuators Market: Historic and Forecast (2019-2029)
5.1 Americas Safety Actuators Market: Snapshot
5.2 Americas Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.3 Americas Safety Actuators Market: Key Factors
5.4 Americas Safety Actuators Market Segmentation: By Type
5.4.1 Americas Safety Actuators Market, By Type Overview
5.4.2 Americas Safety Actuators Market Size, By Linear, By Value, 2019H-2029F (USD Million & CAGR)
5.4.3 Americas Safety Actuators Market Size, By Rotary, By Value, 2019H-2029F (USD Million & CAGR)
5.5 Americas Safety Actuators Market Segmentation: By Actuation
5.5.1 Americas Safety Actuators Market, By Actuation Overview
5.5.2 Americas Safety Actuators Market Size, By Hydraulic, By Value, 2019H-2029F (USD Million & CAGR)
5.5.3 Americas Safety Actuators Market Size, By Pneumatic, By Value, 2019H-2029F (USD Million & CAGR)
5.5.3 Americas Safety Actuators Market Size, By Electric, By Value, 2019H-2029F (USD Million & CAGR)
5.6 Americas Safety Actuators Market Segmentation: By End-use Industry
5.6.1 Americas Safety Actuators Market, By End-use Industry Overview
5.6.2 Americas Safety Actuators Market Size, By Consumer Electronics, By Value, 2019H-2029F (USD Million & CAGR)
5.6.3 Americas Safety Actuators Market Size, By Manufacturing Plant, By Value, 2019H-2029F (USD Million & CAGR)
5.6.4 Americas Safety Actuators Market Size, By Automotive, By Value, 2019H-2029F (USD Million & CAGR)
5.6.5 Americas Safety Actuators Market Size, By Aerospace & Defense, By Value, 2019H-2029F (USD Million & CAGR)
5.6.6 Americas Safety Actuators Market Size, By Medical, By Value, 2019H-2029F (USD Million & CAGR)
5.6.7 Americas Safety Actuators Market Size, By Other End-use Industries, By Value, 2019H-2029F (USD Million & CAGR)
5.7 Americas Safety Actuators Market Segmentation: By Country
5.7.1 Americas Safety Actuators Market, By Country Overview
5.7.2 United Sates Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.7.2.1 United States Safety Actuators Market, By Type
5.7.2.2 United States Safety Actuators Market, By Actuation
5.7.2.3 United States Safety Actuators Market, By End-use Industry
5.7.3 Canada Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.7.3.1 Canada Safety Actuators Market, By Type
5.7.3.2 Canada Safety Actuators Market, By Actuation
5.7.3.3 Canada Safety Actuators Market, By End-use Industry
5.7.4 Brazil Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.7.4.1 Brazil Safety Actuators Market, By Type
5.7.4.2 Brazil Safety Actuators Market, By Actuation
5.7.4.3 Brazil Safety Actuators Market, By End-use Industry
5.7.5 Rest of Americas Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.7.5.1 Rest of Americas Safety Actuators Market, By Type
5.7.5.2 Rest of Americas Safety Actuators Market, By Actuation
5.7.5.3 Rest of Americas Safety Actuators Market, By End-use Industry
6. Europe Safety Actuators Market: Historic and Forecast (2019-2029)
6.1 Europe Safety Actuators Market: Snapshot
6.2 Europe Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.3 Europe Safety Actuators Market: Key Factors
6.4 Europe Safety Actuators Market Segmentation: By Type
6.4.1 Europe Safety Actuators Market, By Type Overview
6.4.2 Europe Safety Actuators Market Size, By Linear, By Value, 2019H-2029F (USD Million & CAGR)
6.4.3 Europe Safety Actuators Market Size, By Rotary, By Value, 2019H-2029F (USD Million & CAGR)
6.5 Europe Safety Actuators Market Segmentation: By Actuation
6.5.1 Europe Safety Actuators Market, By Actuation Overview
6.5.2 Europe Safety Actuators Market Size, By Hydraulic, By Value, 2019H-2029F (USD Million & CAGR)
6.5.3 Europe Safety Actuators Market Size, By Pneumatic, By Value, 2019H-2029F (USD Million & CAGR)
6.5.4 Europe Safety Actuators Market Size, By Electric, By Value, 2019H-2029F (USD Million & CAGR)
6.6 Europe Safety Actuators Market Segmentation: By End-use Industry
6.6.1 Europe Safety Actuators Market, By End-use Industry Overview
6.6.2 Europe Safety Actuators Market Size, By Consumer Electronics, By Value, 2019H-2029F (USD Million & CAGR)
6.6.3 Europe Safety Actuators Market Size, By Manufacturing Plant, By Value, 2019H-2029F (USD Million & CAGR)
6.6.4 Europe Safety Actuators Market Size, By Automotive, By Value, 2019H-2029F (USD Million & CAGR)
6.6.5 Europe Safety Actuators Market Size, By Aerospace & Defense, By Value, 2019H-2029F (USD Million & CAGR)
6.6.6 Europe Safety Actuators Market Size, By Medical, By Value, 2019H-2029F (USD Million & CAGR)
6.6.7 Europe Safety Actuators Market Size, By Other End-use Industries, By Value, 2019H-2029F (USD Million & CAGR)
6.7 Europe Safety Actuators Market Segmentation: By Country
6.7.1 Europe Safety Actuators Market, By Country Overview
6.7.2 Germany Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.7.2.1 Germany Safety Actuators Market, By Type
6.7.2.2 Germany Safety Actuators Market, By Actuation
6.7.2.3 Germany Safety Actuators Market, By End-use Industry
6.7.3 France Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.7.3.1 France Safety Actuators Market, By Type
6.7.3.2 France Safety Actuators Market, By Actuation
6.7.3.3 France Safety Actuators Market, By End-use Industry
6.7.4 United Kingdom Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.7.4.1 United Kingdom Safety Actuators Market, By Type
6.7.4.2 United Kingdom Safety Actuators Market, By Actuation
6.7.4.3 United Kingdom Safety Actuators Market, By End-use Industry
6.7.5 Rest of Europe Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.7.5.1 Rest of Europe Safety Actuators Market, By Type
6.7.5.2 Rest of Europe Safety Actuators Market, By Actuation
6.7.5.3 Rest of Europe Safety Actuators Market, By End-use Industry
7. Asia Pacific Safety Actuators Market: Historic and Forecast (2019-2029)
7.1 Asia Pacific Safety Actuators Market: Snapshot
7.2 Asia Pacific Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.3 Asia Pacific Safety Actuators Market: Key Factors
7.4 Asia Pacific Safety Actuators Market Segmentation: By Type
7.4.1 Asia Pacific Safety Actuators Market, By Type Overview
7.4.2 Asia Pacific Safety Actuators Market Size, By Linear, By Value, 2019H-2029F (USD Million & CAGR)
7.4.3 Asia Pacific Safety Actuators Market Size, By Rotary, By Value, 2019H-2029F (USD Million & CAGR)
7.5 Asia Pacific Safety Actuators Market Segmentation: By Actuation
7.5.1 Asia Pacific Safety Actuators Market, By Actuation Overview
7.5.2 Asia Pacific Safety Actuators Market Size, By Hydraulic, By Value, 2019H-2029F (USD Million & CAGR)
7.5.3 Asia Pacific Safety Actuators Market Size, By Pneumatic, By Value, 2019H-2029F (USD Million & CAGR)
7.5.4 Asia Pacific Safety Actuators Market Size, By Electric, By Value, 2019H-2029F (USD Million & CAGR)
7.6 Asia Pacific Safety Actuators Market Segmentation: By End-use Industry
7.6.1 Asia Pacific Safety Actuators Market, By End-use Industry Overview
7.6.2 Asia Pacific Safety Actuators Market Size, By Consumer Electronics, By Value, 2019H-2029F (USD Million & CAGR)
7.6.3 Asia Pacific Safety Actuators Market Size, By Manufacturing Plant, By Value, 2019H-2029F (USD Million & CAGR)
7.6.4 Asia Pacific Safety Actuators Market Size, By Automotive, By Value, 2019H-2029F (USD Million & CAGR)
7.6.5 Asia Pacific Safety Actuators Market Size, By Aerospace & Defense, By Value, 2019H-2029F (USD Million & CAGR)
7.6.6 Asia Pacific Safety Actuators Market Size, By Medical, By Value, 2019H-2029F (USD Million & CAGR)
7.6.7 Asia Pacific Safety Actuators Market Size, By Other End-use Industries, By Value, 2019H-2029F (USD Million & CAGR)
7.7 Asia Pacific Safety Actuators Market Segmentation: By Country
7.7.1 Asia Pacific Safety Actuators Market, By Country Overview
7.7.2 China Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.7.2.1 China Safety Actuators Market, By Type
7.7.2.2 China Safety Actuators Market, By Actuation
7.7.2.3 China Safety Actuators Market, By End-use Industry
7.7.3 Japan Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.7.3.1 Japan Safety Actuators Market, By Type
7.7.3.2 Japan Safety Actuators Market, By Actuation
7.7.3.3 Japan Safety Actuators Market, By End-use Industry
7.7.4 India Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.7.4.1 India Safety Actuators Market, By Type
7.7.4.2 India Safety Actuators Market, By Actuation
7.7.4.3 India Safety Actuators Market, By End-use Industry
7.7.5 Australia Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.7.5.1 Australia Safety Actuators Market, By Type
7.7.5.2 Australia Safety Actuators Market, By Actuation
7.7.5.3 Australia Safety Actuators Market, By End-use Industry
7.7.6 Rest of Asia Pacific Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.7.6.1 Rest of Asia Pacific Safety Actuators Market, By Type
7.7.6.2 Rest of Asia Pacific Safety Actuators Market, By Actuation
7.7.6.3 Rest of Asia Pacific Safety Actuators Market, By End-use Industry
8. Middle East & Africa Safety Actuators Market: Historic and Forecast (2019-2029)
8.1 Middle East & Africa Safety Actuators Market: Snapshot
8.2 Middle East & Africa Safety Actuators Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
8.3 Middle East & Africa Safety Actuators Market: Key Factors
8.4 Middle East & Africa Safety Actuators Market Segmentation: By Type
8.4.1 Middle East & Africa Safety Actuators Market, By Type Overview
8.4.2 Middle East & Africa Safety Actuators Market Size, By Linear, By Value, 2019H-2029F (USD Million & CAGR)
8.4.3 Middle East & Africa Safety Actuators Market Size, By Rotary, By Value, 2019H-2029F (USD Million & CAGR)
8.5 Middle East & Africa Safety Actuators Market Segmentation: By Actuation
8.5.1 Middle East & Africa Safety Actuators Market, By Actuation Overview
8.5.2 Middle East & Africa Safety Actuators Market Size, By Hydraulic, By Value, 2019H-2029F (USD Million & CAGR)
8.5.3 Middle East & Africa Safety Actuators Market Size, By Pneumatic, By Value, 2019H-2029F (USD Million & CAGR)
8.5.4 Middle East & Africa Safety Actuators Market Size, By Electric, By Value, 2019H-2029F (USD Million & CAGR)
8.6 Middle East & Africa Safety Actuators Market Segmentation: By End-use Industry
8.6.1 Middle East & Africa Safety Actuators Market, By End-use Industry Overview
8.6.2 Middle East & Africa Safety Actuators Market Size, By Consumer Electronics, By Value, 2019H-2029F (USD Million & CAGR)
8.6.3 Middle East & Africa Safety Actuators Market Size, By Manufacturing Plant, By Value, 2019H-2029F (USD Million & CAGR)
8.6.4 Middle East & Africa Safety Actuators Market Size, By Automotive, By Value, 2019H-2029F (USD Million & CAGR)
8.6.5 Middle East & Africa Safety Actuators Market Size, By Aerospace & Defense, By Value, 2019H-2029F (USD Million & CAGR)
8.6.6 Middle East & Africa Safety Actuators Market Size, By Medical, By Value, 2019H-2029F (USD Million & CAGR)
8.6.7 Middle East & Africa Safety Actuators Market Size, By Other End-use Industries, By Value, 2019H-2029F (USD Million & CAGR)
9. Industry Ecosystem Analysis
9.1 Value Chain Analysis
9.2 Porter's Five Forces Model
10. Market Dynamics
10.1 Impact Assessment of Market Dynamics on Global Safety Actuators Market
10.2 Drivers
10.3 Restraints
10.4 Trends
11. Competitive Positioning
11.1 Companies' Product Positioning
11.2 Market Position Matrix
11.3 Market Share Analysis of Safety Actuators Screening Market
11.4 Company Profiles
11.4.1 Siemens AG
11.4.2 Emerson Electric Co.
11.4.3 Mitsubishi Electric
11.4.4 ABB Ltd.
11.4.5 Sick AG
11.4.6 Rotork Plc
11.4.7 Festo AG & Co. KG
11.4.8 General Electric Company
11.4.9 Bimba
11.4.10 MOOG
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