Global Electric Actuator Size Is Estimated To Be USD 2851.7 Million In 2026

An electric actuator is powered by a motor that converts electrical energy into mechanical torque for moving or controlling a mechanism or system. It is one of the cleanest and most readily available forms of actuator because it does not involve oil.
The global Electric Actuator size is estimated to be USD 2851.7 million in 2026 from USD 2483.9 million in 2020. The global Electric Actuator market size is expected to grow at a CAGR of 3.5% for the next five years.

For the major players of Electric Actuators, LINAK maintained its first place in the ranking in 2020, followed by THK, SMC Corporation, IAI and Parker. Top 5 players accounted for 40.37% of the Global Electric Actuators revenue market share in 2020.