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Pneumatic Actuator Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71420
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The pneumatic actuator market share is expected to increase by USD 758.67 million from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.48%.

This pneumatic actuator market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (quarter-turn pneumatic actuator, multi-turn pneumatic actuator, and linear pneumatic actuator), end-user (chemical and petrochemical industry, oil and gas industry, power generation industry, mining industry, and others), and geography (North America, Europe, APAC, South America, and MEA). The pneumatic actuator market report also offers information on several market vendors, including ABB Ltd., Bosch Rexroth AG, Crane Co., Eaton Corp. Plc, Emerson Electric Co., Flowserve Corp., General Electric Co., Parker Hannifin Corp., Rotork Plc, and SMC Corp. among others.

What will the Pneumatic Actuator Market Size be in 2021?

Pneumatic Actuator Market Size

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Pneumatic Actuator Market: Key Drivers and Trends

The increasing use of pneumatic actuators in food and beverage industry for sterile applications is notably driving the pneumatic actuators market growth, although factors such as high growth of electromechanical and electric actuators may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pneumatic actuator industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The increasing use of pneumatic actuators in the food and beverage industry for sterile applications is one of the major factors driving the market growth.
  • The increase in the demand for organic food and increasing regulations on food safety are driving the need for automated processes in the food and beverage industry.
  • Actuators are used in both food-contact and non-food contact applications.
  • Rod-type pneumatic actuators are widely used in the food and beverage industry due to their low cost.
  • New FDA rules in accordance with the Food Safety Modernization Act focus on sanitization and hygiene, which compels manufacturers to ensure clean and well-maintained equipment. This has driven the vendors of pneumatic actuators to offer products of different designs and product variants as per customer needs. 
  • The emerging applications of pneumatic actuators in the biomedical industry will fuel the growth of the pneumatic actuators market size.
  • Pneumatic actuators are finding increasing importance in medical rehabilitation and MRI-compliant surgeries.
  • The integration of pneumatic actuators and smart fabrics has given rise to pneumatic artificial muscles in the biomedical industry, wherein they are used as a power source in rehabilitation equipment.
  • Pneumatic actuators are increasingly used in MRI-compliant surgeries and treatment as they are safe for use, compact, easy to install and require low maintenance compared with other actuators.
  • Pneumatic actuators are used in prosthetics such as ankle-foot devices, limbs, and steerable needles for brain surgery.
  • They can operate without electric power, which makes them an ideal choice in areas where there can be frequent electrical interference. 

This pneumatic actuator market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Pneumatic Actuator Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Bosch Rexroth AG
  • Crane Co.
  • Eaton Corp. Plc
  • Emerson Electric Co.
  • Flowserve Corp.
  • General Electric Co.
  • Parker Hannifin Corp.
  • Rotork Plc
  • SMC Corp.

 

This statistical study of the pneumatic actuator market encompasses successful business strategies deployed by the key vendors. The pneumatic actuators market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pneumatic actuator market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Pneumatic Actuator Market?

Pneumatic Actuator Market Market segmentation by region

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30% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for pneumatic actuators in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.

Upgrades of facilities and technologies in oil and gas exploration will facilitate the pneumatic actuator market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Pneumatic Actuator Market?

Pneumatic Actuator Market Segmentation

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The pneumatic actuator market share growth by the quarter-turn pneumatic actuator segment will be significant during the forecast period. Quarter-turn pneumatic actuators are used to operate ball, plug, and butterfly valves. In such types of valves, the valve moves from a fully open to a fully closed position in 90-degree motion. Quarter-turn pneumatic actuators are compact in design, and therefore, can be easily used in small valves.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pneumatic actuators market size and actionable market insights on post COVID-19 impact on each segment.

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Pneumatic Actuator Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.48%

Market growth 2021-2025

$ 758.67 million

Market structure

Fragmented

YoY growth (%)

4.14

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 30%

Key consumer countries

US, China, Germany, Canada, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

ABB Ltd., Bosch Rexroth AG, Crane Co., Eaton Corp. Plc, Emerson Electric Co., Flowserve Corp., General Electric Co., Parker Hannifin Corp., Rotork Plc, and SMC Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Factors Covered in this Pneumatic Actuator Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive pneumatic actuator market growth during the next five years
  • Precise estimation of the pneumatic actuator market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pneumatic actuators industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pneumatic actuator market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Quarter-turn pneumatic actuator - Market size and forecast 2020-2025
    • Multi-turn pneumatic actuator - Market size and forecast 2020-2025
    • Linear pneumatic actuator - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Chemical and petrochemical industry - Market size and forecast 2020-2025
    • Oil and gas industry - Market size and forecast 2020-2025
    • Power generation industry - Market size and forecast 2020-2025
    • Mining industry - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ABB Ltd.
      • Bosch Rexroth AG
      • Crane Co.
      • Eaton Corp. Plc
      • Emerson Electric Co.
      • Flowserve Corp.
      • General Electric Co.
      • Parker Hannifin Corp.
      • Rotork Plc
      • SMC Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Pneumatic Actuator market growth will increase by $758.67 million during 2020-2025.
      The pneumatic actuator market is expected to grow at a CAGR of 4.48% during 2020-2025.
      Technavio has segmented the pneumatic actuator market by product (Quarter-turn pneumatic actuator, Multi-turn pneumatic actuator, and Linear pneumatic actuator) ,end user (Chemical and petrochemical industry, Oil and gas industry, Power generation industry, Mining industry, and Others) , and geographic (North America, Europe, APAC, South America, and MEA).
      ABB Ltd., Bosch Rexroth AG, Crane Co., Eaton Corp. Plc, Emerson Electric Co., Flowserve Corp., General Electric Co., Parker Hannifin Corp., Rotork Plc, SMC Corp. are a few of the key vendors in the pneumatic actuator market.
      North America will register the highest growth rate of 30.33% among the other regions. Therefore, the pneumatic actuator market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the pneumatic actuator market growth are:
      • Increasing use of pneumatic actuators in food and beverage industry for sterile applications  
      The pneumatic actuator market vendors should focus on grabbing business opportunities from the quarter-turn pneumatic actuator segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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