The growing use of automation can be found in various industries due to all the different positive impacts automation has to offer. Businesses, industrial factories, offices, and smart homes are some of the many different industries which use automation for improving efficiency, convenience, safety, and work quality. If you’re interested in learning more about automation growth in recent years, this is just the article for you! We will be discussing interesting statistics and market growths that you may find informative, covering both the automation and actuator industry.
Automation Industry Growth
Automation is a very broad industry that is growing at an exponential rate. As technology improves over the years, automation also continues to make its way into other new fields and industries that are emerging.
Recent and emerging industries that uses automation include:
- Renewable energy automation
- Retail automation
- Automated mining
- Video surveillance
- Highway systems automation
- Home automation
- Vehicle automation
- Logistics automation
Out of the many different fields that uses automation, we will take a quick look at home automation since most of us encounter this technology daily.
Building automation can be found in the places such as offices, banks, grocery stores and homes. This technology is notably found by automating the lighting, safety & security, HVAC, entertainment, and other electronics systems in our buildings. An automated home can help reduce energy consumption, improve home security, and offer user convenience by reducing manual work. With this, it is no wonder the home automation industry statistics have been growing exponentially over the years.
Automation Growth Statistic
The global industrial automation market was estimated to be valued at $179.74 billion USD in 2020 and $191.74 billion USD in 2021. Estimations by experts have projected the market in 2028 to reach $355.44 billion USD. The global industrial automation market growth is projected to increase at a CAGR of 9.2% from 2021 -2028.
Figure 1 - Global Industrial Automation Market Growth
Industrial automation key industry players:
- ABB Ltd.
- Rockwell Automation Inc.
- Emerson Electric Co.
- Schneider Electric SE
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- Omron Corporation
- Siemens AG
- Yokogawa Electric Corporation
The home automation industry statistics have been growing exponentially over the years and has reached a market size of $46.61 billion USD in 2020. Experts predict that from 2021 to 2030, home automation will have a CAGR of 17.6% and have a market size of $239.90 billion USD by 2030.
Figure 2 - Global market growth of home automation
Home automation key industry players:
- ABB
- ADT,
- Creston Electronics, Inc.
- Honeywell International Inc.
- Ingresoll Rand
- Johnson Controls
- Larsen & Toubro Ltd.
- Legrand
- Samsung Electronics Co., Ltd.
- Schneider Electric
Linear Actuator Market
Actuators are commonly used in automation for providing motion and driving forces in a system.
The actuator market supply chain was globally impacted by the pandemic which resulted in some factory lockdowns and delayed the shipping times when importing and exporting actuators. However, amid the COVID-19 crisis, the actuator market in 2021 was valued at $53.9 billion USD and projected to reach $86.6 billion USD by 2027. Experts predict that from 2021 to 2027, the actuator market will have a CAGR of 8.2%.
Figure 3 - Global market growth of actuators
If we look at linear motion type actuators, the global market for linear actuators in 2020 was valued at $24.3 billion USD and projected to reach $37.3 billion USD by 2027. Experts predict that from 2020 to 2027, the linear actuator market will have a CAGR of 6.3%.
Figure 4 - Global market growth of linear actuators
There are many different companies that manufacture actuators, however, the top 5 linear actuator manufacturers we covered in a previous article includes:
- Progressive Automations
- Tolomatic
- Harmonic Drive
- Intelligent Actuator, Inc.
- Venture Mfg. Co.
By analysing our own products, we have determined that electric actuators are very popular for outdoor use in heavy duty applications. Our best-selling actuator model PA-17 is commonly used for agriculture machinery, solar tracking applications, liftgates and manufacturing equipment.
Figure 5 – Progressive Automations best selling linear actuators
Size of the US Linear Actuator Market in 2021
The American manufacturing automation growth in recent years has also led to an overall growth in the US linear actuator market. In the actuator market, the primary participants by region are:
- North America - 55%
- Europe - 27%
- Asia Pacific - 9%
- Others (Latin America, Africa, and Middle East) - 9%
Figure 6 - Global actuator market primary participants
The United States actuator market was estimated to be valued at $9.58 billion USD in 2020 and $11.01 billion USD in 2021. Estimations by experts have projected the market in 2027 to reach $21.01 billion USD. The United States actuator market growth is projected to increase at a CAGR of 11.87% from 2021 -2027.
Figure 7 - United States Market of Actuators
Further evidence for automation growth and the increasing demand of actuators can be seen by our increase in sales volume. Progressive Automations had a CAGR of 71.5% from 2017 to 2021.
Figure 8 – Progressive Automations sales volume
In Summary
Whether it is to improve efficiency, convenience, quality or to remove humans from hazardous environments, the use of automation over the years has been growing at an exponential rate. As technology continues to improve overtime, we can expect to see automation having a larger and growing impact in society.
If you have any queries or wish to discuss our products further, please do not hesitate in reaching out to us! We are experts in what we do and will be happy to assist in any way we can.
sales@progressiveautomations.com
1-800-676-6123