Global Electric Linear Cylinders Market was valued at US$ 760.4 Mn in 2022, and is expected to exhibit a CAGR of 5.1% over the forecast period to reach US$ 1,135.8 Mn in 2030. According to Global Electric Linear Cylinders Market Report, by Linear Speed (0.1 m/s, 0.1 m/s – 0.5m/s, and above 0.5 m/s), by Vertical (Food and Beverages, Automotive, Healthcare and Pharmaceuticals, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa) published by. North America accounted for more than 28.6% of the global electric linear cylinders market revenue in 2022. The increasing adoption of electric linear cylinders in the food and beverages and automotive industries is expected to fuel the electric linear cylinders market growth in the region. Moreover, the shifting demand for electric linear cylinders from pneumatic and hydraulic cylinders is expected to boost the global electric linear cylinders market growth. SKF, Bosch Rexroth AG, Parker-Hannifin Corporation, and Tsubakimoto Europe B.V. are some of the key players operating in the global electric linear cylinders market.
Global Electric Linear Cylinders Market: Drivers
Increasing Need for Energy-efficient Solutions
The energy efficiency of electric linear cylinders over hydraulic or pneumatic alternatives is well recognized. They use less energy, which lowers operating expenses and has a less negative impact on the environment. The electric linear cylinder demand is rising as enterprises place more emphasis on sustainability and energy efficiency. For instance, there is a huge drive in the automobile industry to cut back on energy use and carbon emissions during production. As a result, hydraulic systems, which are typically employed for duties, such as assembly line automation and material handling, are being replaced with electric linear cylinders as a more energy-efficient option by automakers.
Growing Industrialization in Developing Nations
Infrastructure growth and industrialization are occurring quickly in developing nations. As a result, there is an increase in the demand for motion control and automation products such as electric linear cylinders. The market expansion in these areas is being fueled by the growing industrial sector. For instance, China has experienced rapid industrialization over the past few decades, becoming a global manufacturing hub. The country's industrial sector has grown significantly, driving the demand for automation and motion control solutions including electric linear cylinders.
Global Electric Linear Cylinders Market: Opportunities
Focus on Energy Efficiency and Sustainability
Electric linear cylinder producers have huge prospects owing to the growing focus on sustainability and energy efficiency across sectors. In comparison to hydraulic or pneumatic alternatives, these cylinders are renowned for their energy efficiency, which is in line with the sustainability objectives of many industries. The use of electric linear cylinders in green construction, sustainable manufacturing, and environment-friendly applications may be influenced by the desire for energy-efficient solutions.
Advancements in materials and technologies
There are chances to enhance the performance and capabilities of electric linear cylinders due to ongoing developments in materials, such as lightweight and high-strength alloys, and technologies, such as additive manufacturing. Manufacturers can experiment with cutting-edge materials and designs to improve the effectiveness, dependability, and longevity of their goods.
Global Electric Linear Cylinders Market: Restraints
Infrastructure Restrictions
In order to operate, electric linear cylinders need a dependable power source and an accompanying infrastructure. The use of electric linear cylinders may be hampered in particular areas or businesses with insufficient or unpredictable power supplies. Electric linear cylinders can be difficult and expensive to integrate into existing infrastructure, which further restricts their use.
Global Electric Linear Cylinders Market- Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic has had a considerable effect on the global electric linear cylinders market. There have been interruptions in a number of industries as a result of the pandemic and following lockdown measures implemented by government worldwide, including manufacturing and industrial automation, which are two major users of electric linear cylinders. In order to adhere to social segregation and safety procedures during the pandemic's early phases, several manufacturing facilities and production lines were temporarily shut down or operated at reduced capacity. As a result, fewer new projects were started and less activity was seen in existing installations, which decreased the demand for electric linear cylinders. Delays in the delivery of parts and equipment were brought on by supply chain interruptions and logistical difficulties, which increased the effect.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/electric-linear-cylinders-market-3031
Key Takeaways:
- Asia Pacific is expected to be the fastest-growing market with China and India poised to be the growth engines of the market. Countries, such as China, India, and Japan, are the leading markets in Asia Pacific and collectively contributed over 63.5% of the total market share in terms of revenue in 2022. The Asia Pacific electric linear cylinders market is projected to witness the highest growth rate of 5.1% over the forecast period. Factors such as growing urbanization and industrialization, along with increasing disposable income are expected to positively impact growth of the Asia Pacific market. Moreover, the growing automotive industry, increasing investments in process automation across different industry verticals, and technological advancements are also expected to contribute to the growth of the electric linear cylinders market in Asia Pacific. Rapidly growing economies have encouraged several market players to expand their presence in the region. For instance, in 2020, Bosch Rexroth, a leading provider of drive and control technologies, introduced the eLINE electric cylinder series. The eLINE series offers high-speed and precise linear motion control, suitable for various industrial applications.The China electric linear cylinders market is expected to witness the highest growth rate of 6.7% during the forecast period (2023-2030) owing to high demand for industrial automation, and the presence of a large number of manufacturing industries in the country. As per the International Organization of Motor Vehicle Manufacturers (OICA), China is the world’s largest producer of automobiles with an annual production of nearly 27.8 million units in 2020. Moreover, the increasing number of production facilities in industrial sectors as well as the growing adoption of Industry 4.0, which will be used majorly in smart factories, is expected to generate high demand for electric linear cylinders.
- Among verticals, the others segment accounted for a significant market share in the global electric linear cylinders market in 2022. Electric linear actuators are the most widely used linear actuators as they offer high-precision control positioning. These electric linear actuators provide industrial automation in several industries. Apart from industries such as food & beverages, automotive, and healthcare, electric linear actuators have applications in the electronics industry, aerospace & defense, agriculture, oil & gas, manufacturing, and the chemical industry among others. In the mining and oil & gas industries, electric linear actuators are used for valve automation process for any valve type having linear movement. Moreover, manufacturers are offering a wide variety of electric linear actuators that are used in the mining and oil & gas industries.
To know the latest trends and insights prevalent in the global electric linear cylinders market, click on the link below:
https://www.coherentmarketinsights.com/market-insight/electric-linear-cylinders-market-3031
Global Electric Linear Cylinders Market - Trends
Increased Adoption of Smart and Connected Electric Linear Cylinders
Electric linear cylinders are increasingly incorporating Internet of Things (IoT) and connection capabilities. By enabling remote monitoring, diagnostics, and control, smart and linked linear cylinders improve flexibility, efficiency, and the ability to foresee maintenance needs. With the help of these qualities, linear motion systems may gather data in real-time and have their performance optimized.
Growing Demand for Miniaturized Electric Linear Cylinders
In applications where space is less and one of the main factor is weight, there is an increasing need for small and light electric linear cylinders. Miniaturized linear cylinders provide the benefits of mobility, adaptability, and space-saving design. They are used in products including consumer electronics, robots, medical equipment, and lab equipment.
Global Electric Linear Cylinders Market: Competitive Landscape
The major players operating in the global electric linear cylinders market include Bosch Rexroth AG, Tsubakimoto Europe B.V., RACO-Elektro-Maschinen GmbH, Mul-T-Lock, Exlar Europe GmbH, Linearmech S.R.L., Parker Hannifin, SEW-EURODRIVE GmbH & Co KG, SKF, BJ-Gear, Kollmorgen, Tolomatic, RK Rose+Krieger GmbH, Seimens AG, Moog, Inc., SMC Corporation, and Rockwell Automation.
