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The pneumatic actuator market size is estimated to grow at a CAGR of 5.18% between 2022 and 2027. The market size is forecast to increase by USD 960.65 million. The growth of the market depends on several factors, including the increasing use of pneumatic actuators in the food and beverage industry, increasing demand for pneumatic actuators from the oil and gas industry, and increasing momentum of automation in industrial facilities.
This pneumatic actuator market report extensively covers market segmentation by end-user (chemical and petrochemical, oil and gas, power generation, mining, and others), product type (quarter-turn, multi-turn, and linear), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing use of pneumatic actuators in the food and beverage industry is notably driving the market growth, although factors such as the high adoption of electromechanical and electric actuators may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing use of pneumatic actuators in the food and beverage industry is notably driving the market growth. The growing demand for organic foods and tightening food safety regulations have increased the need for automated processes in the food and beverage industry. Manufacturers in this industry are incorporating automation and robotics into their product lines to make processes more flexible and agile to meet retail demand. Actuators are used in both food contact and non-food applications. Pneumatic rod actuators are widely used in the food and beverage industry due to their low cost.
New FDA regulations under the Food Safety Modernization Act focus on disinfection and hygiene, requiring manufacturers to ensure clean and well-maintained facilities. This has led pneumatic actuator suppliers to offer products in different designs and product variants to meet the needs of their customers in the food and beverage industry. For example, Parker Hannifin offers pneumatic actuators for food and beverage applications. Therefore, the use of pneumatic actuators in the food and beverage industry will drive the growth of the market during the forecast period.
The adoption of IoT-enabled actuators for predictive maintenance is the key trend shaping the market. Vendors use predictive maintenance to improve accuracy and reduce production downtime. This is especially useful in industries with large motors. In industries such as oil and gas, mining, and chemicals, even a small amount of downtime can be costly, so IoT actuators can be very helpful. These actuators allow easy monitoring of actuator variables such as cylinder speed, stroke, temperature, and pressure. The integration of IoT and pneumatic actuators has been simplified thanks to the availability of modern sensors with high accuracy and low cost. When used with smart monitors, these actuators can communicate independently so they don't interfere with the main process line.
Also, many manufacturers such as B. Emerson have designed and developed edge gateways to collect data from machine components, analyze it at the local factory level, and compare performance to design parameters. For example, edge devices such as Emerson's AVENTICS Smart Pneumatics Monitor module provide users with reliable information about the wear status of pneumatic valves, actuators, and other devices, as well as the energy efficiency of pneumatic systems. Therefore, connecting sensors and pneumatic components to edge gateways significantly improves maintenance and safety, as well as energy consumption. Therefore, such advancements in pneumatic actuators will drive the growth of the market during the forecast period.
The high adoption of electromechanical and electric actuators may impede market growth. Electromechanical and electric actuators are gaining popularity among end-users due to their energy efficiency, safety, and control. Modern industrial processes are equipped with microprocessors and programmable controllers that facilitate the integration of electromechanical actuators into the overall system. Electromechanical actuators provide precise control and contribute to process flexibility. Furthermore, unlike pneumatic drives, electromechanical drives consume power only during operation. Therefore, cost reduction is one of the main reasons for the popularity of electromechanical actuators over pneumatic actuators.
Pneumatic actuators offer significant savings in maintenance and energy costs compared to electromechanical or electric actuators. Additionally, vendors have launched more and more electric actuators in recent years, which is having a negative impact on the markets they serve. For example, in February 2020, Emerson Electric Co. released its ASCO Series 158 gas valve and Series 159 electric actuator. Designed specifically for burner and boiler applications, they offer OEMs, dealers, contractors, and end users a new fire safety shutoff valve option for improved safety, reliability, flow, and control. These factors have resulted in high growth rates for electromechanical and electrical actuators. This will hamper the adoption of pneumatic actuators, which will adversely affect the growth of the market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Pneumatic Actuator Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd.: The company offers pneumatic actuators such as linear pneumatic and universal pneumatic rotary actuators.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the chemical and petrochemical segment will be significant during the forecast period. The distribution and use of specialty chemicals are growing rapidly in emerging markets such as APAC, MEA, and South America. The growth of the entire chemical industry in developing countries has led to higher production rates of chemicals, increasing the demand for pipelines for chemical transportation in these countries. Subsequently, the demand for chemical products is expected to increase during the forecast period, which will increase the demand for pneumatic actuators.
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The chemical and petrochemical segment was valued at USD 984.64 million in 2017 and continued to grow until 2021. Increased investments in the construction of new chemical plants and petrochemical complexes could impact chemical distribution, logistics, and warehousing services. In 2019, Daelim Industrial Co., Ltd. announced plans to build a polybutene factory in Saudi Arabia. Various established chemical and petrochemical companies have opened manufacturing facilities in these countries due to the ready availability of raw materials, cheap labor, and other resources. Expansion and investment plans in emerging regions of chemical and petrochemical manufacturers are expected to have a positive impact on the demand for pneumatic actuators. The use of pneumatic valves and actuators allows for smooth operation, minimal waste and downtime, and safe waste disposal with efficient production processes. Thus, increasing production capacity in the chemical and petrochemical industries is expected to drive the growth of the global pneumatic actuator market during the forecast period.
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North America is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America accounts for a large share of the global pneumatic actuator market. North America makes an important contribution to the global oil and gas industry. Shale oil in the US and huge oil sand deposits in Canada have increased the demand for pneumatic actuators in the region. Modernization of equipment and technology in oil and gas exploration also drives regional market growth. The region has several large-scale petrochemical projects that will drive future growth. New Food and Drug Administration (FDA) regulations under the Food Safety Modernization Act focused on hygiene and cleanliness are expected to increase the demand for pneumatic actuators in the food and beverage industry.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The number of active oil rigs in the United States fell from 796 at the beginning of 2020 to a record low of 258 in May 2020, reflecting lower oil demand due to the COVID-19 pandemic. However, demand for drilling activity in the United States picked up again in the second half of 2020, boosting demand for North American oil and gas transportation assets. Additionally, Canada has vast energy resources. It has the largest oil reserves, and most of its exports go to the US. Canada also has many unconventional hydrocarbon resources, such as shale gas and tar sands. The oil and gas industry will drive the pneumatic actuator market in Canada. This will also drive the growth of the regional market during the forecast period.
The pneumatic actuator market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global pneumatic actuator market as a part of the global electronic equipment and instruments market within the overall electronics market. The super parent global electronics market includes manufacturers of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Pneumatic Actuator Market Scope |
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Report Coverage |
Details |
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Page number |
180 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.18% |
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Market growth 2023-2027 |
USD 960.65 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.72 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 30% |
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Key countries |
US, Canada, China, Japan, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., AIRTECH PRODUCTS Inc., Automation Technology Inc., Crane Holdings Co., Eaton Corp. Plc, Emerson Electric Co., Festo SE and Co. KG, Flowserve Corp., Honeywell International Inc., Moog Inc., Nutork Corp., Parker Hannifin Corp., Pentair Plc, Robert Bosch GmbH, ROTEX Controls Inc., Rotork Plc, Schlumberger Ltd., Siemens AG, SMC Corp., and Tolomatic Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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