Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 20.5 Billion | USD 40 Billion | 8% | 2022 |
FrequentlyAsked Questions
An electric linear cylinder is a mechanical device used to convert electrical energy into linear motion. It is designed to produce controlled and precise linear movement, making it suitable for various industrial and commercial applications. Electric linear cylinders are commonly used in scenarios where precise positioning, controlled force, and accurate motion are required.
The primary factor projected to drive the electric linear cylinder market is the rapidly growing automotive industry. The electric linear cylinder offers numerous advantages such as the highest precision and is easily scalable for any purpose or force requirement. In addition to this, they can be easily programmed or networked, and immediate feedback for maintenance & diagnostic is available.
According to the report, the global electric linear cylinder market size was worth around $ 20.5 billion in 2022 and is predicted to grow to around $ 40 billion by 2030.
The global electric linear cylinder market is expected to grow at a CAGR of 8% during the forecast period.
The global electric linear cylinder market growth is expected to be driven by Europe due to its strong emphasis on industrial automation, precision engineering, and a commitment to developing innovative solutions for complex machinery and manufacturing processes.
Some of the key manufacturers operating in the global electric linear cylinders market are BJ-Gear, Kollmorgen, SKF, SEW-EURODRIVE GmbH & Co KG, Parker Hannifin, Linearmech S.R.L., Bosch Rexroth AG, Exlar Europe GmbH, Mul-T-Lock, RACO-Elektro-Maschinen GmbH, and Tsubakimoto Europe B.V. among others.
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