Trend of smart cities and smart factories are expected to be the key factors driving actuators market growth over the forecast period. According to a report published by “Markets and Markets” a market research firm, the actuators market is projected to grow from USD 36.63 Billion in 2016 to USD 47.72 Billion by 2021, at a CAGR of 5.43% by 2021.
Increasing investment in new infrastructure and refurbishment of existing plants is going to impact market growth favorably. An increase in the income of middle class group has given boost to the automotive industry thus for actuator industry, as it is an essential component used in vehicles.
Top global players operating in actuator industry are Rotork Plc (U.K.), Festo AG & Co. KG (Germany), Pentair Plc (U.K.), Honeywell International Inc. (U.S.), Emerson Electric (U.S.), and Cameron International Corporation (U.S.).
Here is the list of few emerging players from India in actuator market.
|Sr. N||Company Name||Location|
|1||Belimo Actuators India Pvt Ltd||Noida, India|
|2||SMC Pneumatics India Pvt Ltd||Noida, India|
|3||Elger Controls India Ltd||Coimabtore, India|
|4||Elomatic Indi Pvt Ltd||Pune, India|
|5||Marsh Automation Pvt Ltd||Pune, India|
|6||Rotex Automation India||Vadodara, India|
|7||Cair Euromatic Automation Pvt. Ltd||Ahmedabad, India|
|8||Mascon Techneeds||Mumbai, India|
|9||Maxima Automation||Chennai, India|
|11||Entech Controls||Nashik, Maharashtra|
|12||Aira Euro Automation Pvt Ltd||Ahmedabad, India|