Pneumatic Actuator Market

How Future Outlook on Pneumatic Actuator Market Compares with Historical Sales?

Sales of pneumatic actuators increased steadily over the past decade with the increase in demand for rack & pinion and scotch yoke type of pneumatic actuator. Advancements in manufacturing sector and expansion of key application sectors such as mining, transportation, and others further propelled the growth, apart from a temporary decline in 2020. According to FMI, the global pneumatic actuator market expanded at over 4% CAGR during the last 5 years from 2016 to 2020.

As the key application sectors are regaining traction and are getting over the effect of the pandemic, the demand for pneumatic actuators are subject to rise again creating ample of opportunities for the key players. Additionally, the surge in demand for double acting type pneumatic actuator is further bolstering the growth of suppliers. According to FMI, the global pneumatic actuator market is set to ascend at over 5% CAGR through 2031.

How is the Rise in Demand in Transportation Sector Augmenting the Growth of Pneumatic Actuator Suppliers?

Pneumatic actuators are mechanical devices which use compressed air to convert energy into mechanical motion. As it has extensive application in transportation sector, the recovery in this sector is expected further push the demand-supply graph for pneumatic actuator upward in the coming years.

According to a report, titled “logistics & Transportation Industry” published by the SelectUSA, the logistics & transportation industry is one of the highly progressive industry in the world. As stated in the report, the United States business logistics costs reached US$ 1.6 Trillion in 2018, representing 8% of the Gross Domestic Product (GDP) in that year, while the Foreign Direct Investment (FDI) in the industry totaled US$ 1.5 Billion. This gives a glimpse of the growing opportunities for pneumatic actuator manufacturers in transportation sector.

What are the Key Challenges Faced by Pneumatic Actuator Manufacturers?

Pneumatic actuator manufacturers often face difficulties due to high production cost and complex lifecycle involved during the development stages. Furthermore, operations and maintenance of various pneumatic actuators such as rack and pinion and scotch yoke require additional costs and hence not that economical for small to medium end-use sectors.

Also, the outbreak of the COVID-19 pandemic halted the market growth in 2020 due to shutting down of manufacturing hubs and decline in key application sectors such as industrial automation, offshore, and transportation, to name a few. The financial crisis and scarcity of labors and raw materials created further long lasting effects on the manufacturers of pneumatic actuators. However, with the continuous efforts put by market players and steady recovery in key application sectors, suppliers are expected to overcome these restraints in the foreseeable future.

Country-Wise Analysis

Will the United States Maintain its Lead in North America Pneumatic Actuator Market?

The United States has been leading in North America pneumatic actuator market since the past decade and expected to remain dominant throughout the forecast period. Highly advanced industrial automation, transportation, and offshore sectors are boosting the sales of pneumatic actuators in the U.S.

According to a report titled “Industrial Automation” published by the International Trade Administration on 19^th April, 2016, the United States is a major global producer of industrial automation equipment, broadly defined as the hardware and components used to automate systems in manufacturing or industrial settings. As stated in the report, the U.S. industrial automation sector exported nearly US$ 10.5 Billion worth of equipment in 2015. As these figures are set to increase further in the post pandemic years, the U.S. is likely to remain in the spotlight for pneumatic actuator suppliers.

How Lucrative is Germany Pneumatic Actuator Market?

Being in the forefront of Europe pneumatic actuator market, Germany is likely to maintain its lead throughout the forecast period. Growing demand for light duty pneumatic actuator coupled with the highly advanced transportation sector is fuelling the sales of pneumatic actuator in Germany.

According to a report published by the European Commission (EC), it has approved EUR 300 Million in 2020 in order to strengthen the transportation industry in Germany. As stated in the report, EC also approved Germany Public Transportation Scheme of worth EUR 6 Billion in 2020. These indicate the new opportunities awaiting for pneumatic actuator providers in Germany in the near future.

What’s Fuelling the Sales in China Pneumatic Actuator Market?

China is the epicenter of the world’s fastest-growing pneumatic actuator industry Asia Pacific and likely to sustain its position throughout the forecast period. Highly developed manufacturing units and growing demand from transportation and industrial sectors are spearheading the growth of pneumatic actuator suppliers in China.

According to a report titled “Development of China’s Transport” published by the Ministry of Transport of the People’s Republic of China on 29^th December, 2016, the Chinese Government prioritized the transportation sector of China since 1992 by setting reformation goal. As stated in the report, by the end of 2015, China’s total railway operation length reached 121,000 km, ranking the world’s second, including 19,000 km high-speed railway, ranking the world’s first. This explains well why stakeholders are eyeing China in order to increase their profits.

What’s Spearheading the Demand Growth for Pneumatic Actuators in India?

India is a highly lucrative market for pneumatic actuator and expected to remain in the position during the forecast period. Abundance of labors and raw materials, and advancements in industrial and transportation sectors are spurring the growth in India.

According to a report titled “Transport Sector” published by the Ministry of Environment, Forest, and Climate Change of India, the India transportation industry is highly progressive. As stated in the report, the transportation sector accounts for over 7% GDP of India. Furthermore, the ‘VISION 2020 TRANSPORT’ scheme launched by the Niti Aayog of Government of India has been further catering to the growth of transportation sector in India since the past decade. These imply to the new avenues for pneumatic actuator manufacturers in India.

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Category-Wise Insights

Which Product Type is Dominating in the Pneumatic Actuator Industry?

Presently, rack and pinion segment is leading in the global pneumatic actuator market and expected to exhibit hegemony throughout the forecast period in terms of product type. This type of pneumatic actuator is highly preferred in transportation sector as it provides with smooth driving experience by converting the rotational motion of the steering wheel into the linear motion needed to turn the wheels. Also, it provides with the gear reduction which makes it easier to turn the wheels.

Other key segment in terms of product type boosting the sales of pneumatic actuator suppliers is scotch yoke.

Which Capacity of Pneumatic Actuator is the Most Sought-After?

Currently, light duty pneumatic actuators are the dominating segment in terms of capacity type and is predicted to maintain its lead during the forecast period. This type of pneumatic actuators are light-weighted and cost-effective, making it highly required across diverse sectors.

Also, this capacity type has hassle-free maintenance and smoother operability which make is the most sought-after around the globe. Heavy duty pneumatic actuator is another key segment in terms of capacity which is further aiding in the growth of manufacturers.

Which Segment is Leading in the Pneumatic Actuator Market in Terms of Operation?

Double acting type is leading in the global pneumatic actuator market in terms of operation, followed by spring return type. This type of pneumatic actuator has higher efficiency and has more versatile application across various sectors, making it highly preferred by the market players.

It is extensively used in the applications where an external force is not available to retract the piston or high force is required in both directions of travel.

Which Application Segment is Fuelling the Sales of Pneumatic Actuator?

Presently, industrial automation segment is mostly fuelling the sales of pneumatic actuators in terms of application. Industrial automation is the use of various automated control systems such as robots, Artificial Intelligence, and others. With the technical and digital advancements, this sector is growing fast. This in turn is surging the demand for pneumatic actuators.

Other key segments in terms of application, which are augmenting the sales are transportation, mining offshore, and others.

Competitive Landscape

The global pneumatic actuators market is highly competitive and thriving on the revenues of the leading players. In order to capitalize on the new opportunities, key market players are launching quality products more frequently.

For instance,

• Johnson Controls Inc. recently launched its new range of VG7000 Series Brass Trim Globe Valves, VG7000 Series Stainless Steel Trim Globe, and others
• Parker Hannifin Corp launched its new range of Flexible NFPA Cylinder, 4MAJ- Rodlock Cylinder, 2MNR Series- Non Rotating Pneumatic Actuators, and others a couple of years back

Some of the key players supplying pneumatic actuator are-

• SMC Corporation
• ABB Ltd.
• Elfor Controls Srl
• Habonim Industrial Valves & Actuators Ltd.
• Johnson Controls Inc.
• Parker Hannifin Corp
• Metal Works SPA
• IMI Precision- Norgren
• Camozzi SPA
• Bosch Rexroth AG
• Flowserve Corporation
• Omal S.P.A
• Air Torque S.P.A
• Emerson Electric Co. Ltd.
• Actreg S.A.
• Bray International Inc.
• Enoglass Bonomi S.P.A.
• Metalurgica Varb
• Festo AG & Co. KG
• Rotark Plc

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

Report Scope

Key Questions Answered in Report

• Which are the top companies manufacturing pneumatic actuator?

  Some of the top companies manufacturing pneumatic actuator are SMC Corporation, ABB Ltd., Elfor Controls Srl, and Camozzi SPA.

• Which are some of the lucrative markets for ENT pneumatic actuator?

  The United States, Germany, China, Japan, the United Kingdom, Canada, India, Italy, France, and a few others are lucrative markets for pneumatic actuator, and are expected to dominate throughout the forecast period.

• Which product type accounts for high sales of pneumatic actuator?

  Presently, the rack and pinion segment is the most lucrative in terms of product type, and is expected to remain dominant over the forecast period of 2021 to 2031.

• Which Application is Driving the Sales of Pneumatic Actuator?

  Currently, application in industrial automation is driving the sales of pneumatic actuators around the globe.

• Which Capacity Type is Most Dominant in the Pneumatic Actuator Market?

  Currently, light duty is the dominant segment in the pneumatic actuator market in terms of capacity and expected to sustain its position through 2031.

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• Is this research conducted by FMI?

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  FMI follows a methodology that encompasses demand-side assessment of the market, and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request a detailed methodology.

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• What are the sources of secondary research?

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Market Segmentation by Category

Product Type

• Rack and Pinion Pneumatic Actuator
• Scotch Yoke Pneumatic Actuator

Capacity

• Light Duty Pneumatic Actuator
• Heavy Duty Pneumatic Actuator

Operation

• Double Acting Type Pneumatic Actuator
• Spring Return Type Pneumatic Actuator

Application

• Industrial Automation
• Transportation
• Mining
• Offshore
• Others

Region

• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania