Pneumatic Actuator Market
Pneumatic Actuator Market: Offshore and Mining Projected to be Key Application Areas for Pneumatic Actuators: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027
- 2017-07-12
- REP-GB-4330
- 302 pages
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An Incisive, In-depth Analysis on the Pneumatic Actuator Market
This study offers a comprehensive, 360 degree analysis on the Pneumatic Actuator market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Pneumatic Actuator market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
“The global pneumatic actuator market is estimated to be valued at nearly US$ 12,430 Mn by 2017 end, and is projected to reach about US$ 19,801 Mn by the end of 2027, registering a CAGR of 4.8% over the forecast period.” --- Analyst – Industrial Automation, Future Market Insights
Pneumatic actuators replacing manual gear in the APEJ region
Nowadays, many manufacturers are replacing manual levers with actuators as pneumatic actuators can be handled automatically without being physically present near the pipelines. Companies these days prefer actuators over manual gears due to better efficiency, reliability and faster work. Therefore, the demand for pneumatic actuators is expected to rise exponentially in the global market over the forecast period.
Low cost of pneumatic actuators as compared to hydraulic actuators
As compared to hydraulic actuators, pneumatic actuators are economical. Moreover, every manufacturer looks for an option to save extra cost. Pneumatic actuator technology is a matured technology and hence, the price of these devices is expected to further go down over the upcoming decade. Manufacturers still demand pneumatic actuators in their plants, which is driving revenue growth of the pneumatic actuator market.
Electrical actuators replacing pneumatic actuators in the APEJ region, thus hampering market growth
As compared to electric actuators, pneumatic actuators are more affordable. However, they are still not a preferred technology for consumers. Electric actuators have grown five times over pneumatic actuators. Moreover, pneumatic actuators form a matured technology and their cost is likely to go down in the near future. Still, owing to IoT (Internet of Things), industries are moving towards sensors and remote controls in industrial equipment.
Rack and Pinion is the most preferred product type in China
Rack and Pinion is the most preferred product type over Scotch Yoke based pneumatic actuators. In future, Rack and Pinion actuators will hold more market share than Scotch Yoke based actuators owing to their functionality and major demand from China and India. In China, an increase in industrial automation coupled with growth in vehicle production has created opportunities for pneumatic actuator manufacturers.
Investment in the petrochemicals industry in the MEA region creating growth opportunities for pneumatic actuator market players
Ongoing and upcoming capacity expansion in countries such as Turkey and South Africa for petrochemicals is creating a demand for pneumatic actuators. Turkey’s oil production is conducted primarily by three companies – Royal Dutch, ExxonMobil and Turkish State Petroleum Company. The new petroleum market law introduced several incentives for oil exploration, distribution and retail in the energy sector.
Global Pneumatic Actuator Market Attractiveness Index by Application
Industrial automation in Latin America is in its growth stage, due to safety issues of workers and positive future growth for automation. Therefore, this segment will witness high demand for pneumatic actuators during the forecast period. Food & packaging and transportation application areas are gaining traction, due to strong demand from these sectors. These segments are estimated to collectively gain good demand between 2017 and 2027. Mining is the second among significant industries in which pneumatic actuators find applications. The segment is estimated to hold a considerable revenue share by the end of 2027.
Transportation will be an attractive market for pneumatic actuators
Though the demand from mining and oil & gas sectors for pneumatic actuators is increasing year on year, the growth in the upcoming years is expected to be on the slower side, owing to the higher installation rate of pneumatic actuators in the transportation industry. The automotive industry is growing rapidly in APEJ and Japan and OEMs are trying to increase their sales in these two prominent regions, owing to increasing demand from customers to own a vehicle. Also, the white goods and pharmaceutical industries are upcoming opportunities for pneumatic actuators. However, the demand for electric or pneumatic actuators purely depends on the specific demand in end user applications.
The report ‘Pneumatic Actuator Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 – 2027’, is a comprehensive take on the pneumatic actuator market and elaborates about the various types of pneumatic actuators based on their type, capacity, operation and application. Pneumatic actuator is a device that helps convert energy into mechanical motion. Pneumatic actuators can be used to produce both rotary and linear motions and are usually powered by an electric compressor. There are three types of actuators available in the market: pneumatic, electric and hydraulic. Pneumatic actuators contain compressed gases, where gas can be stored even while no electricity is supplied to the actuator.
Report Inclusions
The first part of the report covers the market introduction of the pneumatic actuator market. The second part contains the global pneumatic actuator market analysis by product type, by capacity, by operation, by application and by region. The third part contains the regional analysis of the pneumatic actuator market with the regions being selected as per the market taxonomy. The last part of the report consists of the competition landscape, which features important players operating in the global pneumatic actuator market and contains important information about these companies.
In the introduction, pertinent market numbers of the most lucrative region and segment have been covered. This section also contains the executive summary, which is valuable for the report audience to have a cursory glance at this vast market. Besides the executive summary, the introduction also contains detailed definitions of pneumatic actuators and the different types of pneumatic actuators along with their different operating styles and applications. Besides this, the introduction also contains an explanation of the macroeconomic factors influencing this market and also a subsection on the global pneumatic actuator market opportunity analysis. Information is also given on the region wise pneumatic actuator pricing and global pneumatic actuator market supply chain.
The second part of the report contains the global pneumatic actuator market analysis by product type, by capacity, by operation, by application and by region. This section of the report contains important information about the market such as BPS analysis, year-on-year growth rates, absolute dollar opportunity and market attractiveness index. The third part of the report contains a region wise analysis and forecast of the global pneumatic actuator market. This section of the report depicts the regional market dynamics of the global pneumatic actuator market and highlights the drivers that encourage the growth of this market and the restraints that hamper the growth of this market. Besides the drivers and restraints, the various opportunities and trends that the global pneumatic actuator market offers are also discussed.
The last part of the report contains the competitive landscape of the pneumatic actuator market. This part comprises information on the leading companies operating in the global pneumatic actuator market. This competition landscape gives a dashboard view of the key companies operating in the global pneumatic actuator market along with their important information and broad strategy adopted to stay as leaders in the global pneumatic actuator market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description and product portfolio along with key developments concerning the company and strategic analysis is presented.
Research Methodology
Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the pneumatic actuator market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global pneumatic actuator market.
Market Taxonomy
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By Product Type |
By Capacity |
By Operation |
By Application |
By Region |
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Invest in this report to…
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Acquire the necessary competitive intelligence you may require for a successful stint in the global pneumatic actuator market
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Gather information on the leading market players and their key strategies that enable them to stay as leaders in this highly competitive market
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Learn about the key industry trends, opportunities and restraints that have a bearing on the global pneumatic actuator market
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Go to market armed with pertinent insights on product, application, capacity and operation of pneumatic actuators
Pneumatic Actuator Market Reports - Table of Contents
5. Forecast Factors: Relevance and Impact
19. Research Methodology
20. Assumptions and Acronyms Used
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