8/13/2025, 6:15:38 AM | www.newstrail.com | news
Channel Coil Actuator Market Forecast 2025-2032: Trends, Technological Advances, and Strategic Growth Insights
The global channel coil actuator market was valued at $1.685 billion in 2024 and is projected to reach $3.508 billion by 2032, growing at a CAGR of 11.3%. These precision electromagnetic devices are used in industrial automation, robotics, electric vehicles, medical technology, and renewable energy. Market growth is driven by Industry 4.0 adoption, automation expansion, and demand for high-precision motion control. Key players including Parker Hannifin, Moog, Johnson Electric, Honeywell, and Rotork are investing in innovation, IoT integration, and regional manufacturing expansion. Advancements in rare-earth magnets, miniaturization, energy efficiency, and thermal management are enhancing performance. Emerging applications in surgical robots and EV powertrains present significant growth opportunities.