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Actuators Market Projected to Surpass USD 86.59 billion by 2031, Growing at a 7.2% CAGR | Latest Report by Transparency Market Research

The growing demand for safe and comfortable automobiles is providing significant growth prospects for manufacturers in the worldwide actuator market in the next few years.Wilmington, Delaware, United States, Nov. 13, 2023 (GLOBE NEWSWIRE) Transparency Market Research Inc. - The global actuator market was estimated at a value of US$ 40.30 billion in 2020. It is anticipated to register a 7.2% CAGR from 2021 to 2031 and by 2031, the market is likely to attain US$ 86.59 billion by 2031. Over the ....

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Actuators Market Projected to Surpass USD 98.92 Billion by 2029

Actuators Market Actuators Market Pune, India, Oct. 25, 2023 (GLOBE NEWSWIRE) The global actuators market size was USD 41.62 billion in 2021 and is projected to grow from USD 44.60 billion in 2022 to USD 98.92 billion in 2029 at a CAGR of 12.05% in the 2023-2029 period. Actuators market underscores its robust growth, driven by the rising demand for automation across industries like manufacturing, automotive, and aerospace. Electric actuators are gaining prominence due to their precise control ....

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