The actuators market is estimated to be USD 49.2 billion in 2019 and is projected to reach USD 74.5 billion, at a Compound Annual Growth Rate (CAGR) of 8.6% from 2019 to 2024. This market is driven by factors, such as the increasing investments in process automation of numerous industry verticals, rising demand for robots, and technological advancements in actuators. More
