Actuators Market Size, Share, Industry Growth & Analysis, 2029
The Actuators Market is projected to reach USD 94.8 Billion by 2029, growing at a CAGR of 7.0% during the forecast period. Major players in the market include Parker Hannifin Corporation, Emerson Electric Co, ABB Ltd, Rockwell Automation, and SMC Corporation. These companies prioritize growth through innovation, strategic acquisitions, and expansions. The market is driven by the growing demand for actuators and advancements in technology.