This market research report covers the growth prospects of the global pneumatic actuators market with segmentations based on product types (quarter-turn pneumatic actuators, multi-turn pneumatic actuators and linear pneumatic actuators) and by end-user (chemical and petrochemical, oil and gas, power generation, mining and others). The research reports outlines the market shares for key geographies include Americas, APAC and EMEA. It also includes an insightful analysis of the leading vendors in this market such as Emerson Electric, Flowserve, Pentair and SMC.
Technavio’s market research analysts estimate the global pneumatic actuator market, to grow at a CAGR of more than 3% between 2016 and 2020. The demand for pneumatic actuators is primarily driven by the ancillary pneumatic components used in the chemical and petrochemical, power generation, oil and gas, mining, automotive, foods and beverages, and packaging industries. The Americas dominate the global market for pneumatic actuators, accounting for 38% of the total market share. Shale gas extraction in the US, oil sand mining in Canada, and mining facilities in Latin America will increase the demand for pneumatic actuators in the region
The new market research report from Technavio provides a breakdown and analysis of the pneumatic actuator segments by technology.
“Of late, there has been vast improvements in the pneumatic sealing technology. It is now forged from a range of composite materials such as synthetic esters, which extends product lifetime and reduces the costs of operating pneumatic actuators. Also, new permanent lubricating materials such as synthetic ester have extended the life of non-repairable actuators. These advances have created new application opportunities for pneumatic actuators,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research
Quarter-turn actuators lead the pneumatic actuator market, accounting for 51% of the market share. Quarter-turn pneumatic actuators operate butterfly, plug, or ball valves, and offer a compact design for double acting and spring return. The quarter-turn actuator market is predicted to grow rapidly because expensive globe control valves are replaced by cost-effective V-notch ball and butterfly control valves that are operated by quarter-turn actuators.
The leading players in the global pneumatic actuator market are Emerson Electric, Flowserve, Pentair and SMC. The market is fragmented and characterized by the presence of large international and regional vendors. Vendors compete in terms of price, brand image, turnaround time, quality, proximity to service centers, technical expertise, and previous installation history.
A more detailed analysis is available in the Technavio report, Global Pneumatic Actuator Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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