The Engine Actuators Market to Witness Robust Growth in Asia Pacific and Europe

A component used to regulate and move a mechanism or system is known as an engine actuator. Actuators are critical components of electronic control systems in both passenger and commercial vehicles. It is their responsibility to translate the electrical impulses from the control unit into action. The majority of actuators are either electric motors or electro-magnetic valves. An actuator requires an energy source and a control signal, both of which are relatively low in energy, such as hydraulic or pneumatic pressure, electric current or voltage, or, in some cases, human power. When they receive a control signal, they turn energy into mechanical motion.

Thus, there is an increasing demand for engine actuators in the automotive industry due to the increasing demand for fuel-efficient vehicles worldwide, driving the engine actuators market growth. This is attributed to factors such as the increasing need for safety features, regulations concerning exhaust gas emissions, and increasing dearth of conventional fuels. The European Union implemented mandatory fleet wide average carbon dioxide standards. New regulations require the average CO2 emissions of new cars to fall to 95 grams per kilometer by 2021, from a previous mandatory standard settled in 2009 of 130 g/km for the fleet average in 2015.

The aforementioned reasons raised demand for engine actuators to improve engine performance and fuel efficiency, resulting in the expansion of the engine actuators market in this area. Geographically, the market is predicted to grow rapidly in Asia Pacific due to rising sales of passenger and commercial cars and the region's rapidly expanding automotive industry. According to the India Brand Equity Foundation (IBEF), India will be the fifth-largest auto market in 2020, with 3.49 million units sold in the passenger and commercial vehicle categories combined.

Moreover, India was the seventh largest manufacturer of commercial vehicles in 2019, which in turn, is driving the growth of the engine actuators market in the Asia Pacific, especially in India. However, increasing production and sales of electric vehicles is expected to decrease the demand for engine actuators, as electric vehicles have high performance engines, which do not require engine actuator for engine operation. According to the International Energy Agency, around 30% of the new vehicle sales in India will be electric by 2030. This in turn is expected to restrain the growth of the engine actuators market.