Pneumatic Actuators Market

The development of advanced & cost-effective actuators and increasing demand for industrial robotic process automation in different industrial verticals are drivig the global pneumatic actuator market.   

The global Pneumatic Actuators market is projected to reach USD 98.92 billion  by 2029, growing at a CAGR of 12.05 %

Covid-19 Impact & Market Status

In the first quarter of 2020, the new coronavirus had an impact on the global economy. As a result, many businesses, organisations, and government agencies are requiring their employees to work from home in order to assist prevent the virus's spread.

Mining activities were interrupted as a result of the COVID-19 epidemic, and aeroplane manufacturers also endured major production difficulties as demand slowed in response to the suspension of international flights. Major factors such as increased use in automation equipment & due to pneumatic actutator functionality & exceptional characteristics, as well as its significant use in aerospace and military applications, are expected to boost the market.

The supply chain systems were interrupted as a result of the COVID-19 epidemic, as a number of basic equipment and commodities are heavily reliant on imports from other nations. Furthermore, the stringent command of governing authorities to obey social distance standards compelled enterprises to operate with a minimum staff, resulting in a fall in the sectors' output rate. As a result, all of these problems harmed the Pneumatic Actuator market.

After the COVID-19 epidemic, the diverse Consumer electronics, food & beverages, oil & gas, automotive, and other sectors will fuel the pneumatic actuator market's growth.

Linear Pneumatic Actuator Is Expanding to Drive Market Growth

The market is segmented into linear and rotary segments based on motion. Pneumatic actuators are devices that transform compressed air or gas energy into mechanical motion to control one or more final control components. Pneumatic actuators are devices that transform compressed air energy storage or gas energy into mechanical motion to control one or more final control components.Because of its wide range of applications, the linear segment is likely to be the largest and fastest-growing sector over the projection period. Furthermore, linear actuation systems are mostly employed in automation. The demand for this area is expected to rise as industrial automation improves.

Rack and Pinon Actuators Are Expected To Drive The Pneumatic Actuator Market

For automation purposes in industries Rack and Pinion actutaors are used, it has a functionality of automatically opens and closes valves, it is mechanical device and used in across all industries.

Rack-and-pinion actuators are often used and typically the preferred kind of pneumatic actuators for valves due to their continuous torque output. Mixing, dumping, intermittent feeding, continuous rotating, turning over, positioning, oscillating, lifting, opening and closing, and turning are some of the functions they perform. The rack and pinion rotary actuators from Parker Hannifin are the Series HTR and PTR/LTR, which are mostly used across all industries, since the advent of industry 4.0 and beyond enterprises are looking for automation in their processes, hence the acceptance of pneumatic actutators especially Rack & Pinion has largely helped enterprises to attain automation in their operational processes.

In terms of product type, the rack and pinion segment currently leads the worldwide pneumatic actuator market and is likely to continue to do so during the forecast period. This type of pneumatic actuator is popular in the transportation industry because it provides a smooth driving experience by converting the steering wheel's rotational motion into the linear motion required to turn the wheels. It also includes a gear reduction system that makes turning the wheels simpler.

Oil & Gas sector Is Gaining The highest Market Share In Pneumatic Actuators Market

During the forecast period, the oil & gas sector is expected to lead the pneumatic actuators market in terms of application. This industry is garnering significant investment from across the world, which is driving up demand for pneumatic actuators, which are a vital component of oil and gas plant architecture.

The industrial automation market is primarily driving pneumatic actuator sales. The employment of different automated control systems such as robotics, Artificial Intelligence, and others is referred to as industrial automation. This industry is rapidly expanding due to technological and digital improvements. As a result, demand for pneumatic actuators is increasing.

The pneumatic actuators market has been steadily rising, and this trend is projected to continue during the forecast period. However, the development of innovative and cost-effective pneumatic actuators, as well as rising demand for industrial robots and industrial automation in various industrial verticals, are some of the potential influencing the market's growth. Automation is largely being invested in by China and Japan in order to improve and obtain a tactical advantage. This element presents a fantastic potential for pneumatic actuator manufacturers to grow their companies in Asia Pacific.

The Market for Pneumatic Actuator Will Be Fueled By US In North America Region.

Since the last decade, the United States has dominated the North American pneumatic actuator market, and this trend is likely to continue throughout the projection period. In the United States, sales of pneumatic actuators are being boosted by improved industrial automation, transportation, and offshore industries.

The US is a significant global manufacturer of industrial automation equipment, which is roughly defined as the hardware and components used to automate systems in manufacturing and industrial environments. In 2015, the industrial automation sector in the United States shipped almost US$ 10.5 billion in equipment. Because these percentages are expected to rise even more in the post-pandemic years, the United States is likely to remain a focus for pneumatic actuator manufacturers.

Germany is expected to continue its dominance in the Europe pneumatic actuator market during the projected period. The growing need for light-duty pneumatic actuators, together with Germany's modern transportation industry, is driving pneumatic actuator sales.

The increasing need to boost productivity and minimise downtime in industrial facilities and manufacturing operations throughout the world is improving the reliance on pneumatic actuators furthering the global pneumatic actuator market.

Additionally, a pneumatic actuator aids in the conversion of energy provided by compressed air at greater pressure into rotational or linear motion. This form of pneumatic energy is beneficial for engine controls since it can respond quickly in starting and stopping.

With the spike in application across numerous areas such as industrial automation, transportation, and offshore, to mention a few, the need for pneumatic actuators has grown tremendously in recent years. Though the COVID-19 outbreak momentarily slowed the growth of the pneumatic actuator market in early 2020, the steady recovery of major application areas is expected to allow the global pneumatic actuator market to pick up steam in the following years.

This form of pneumatic energy is useful for engine controls because it can respond quickly to beginning and stopping power sources. As a result, the electrical actuator is one of the most often used types of actuator since it does not require the use of oil.

A pneumatic actuator is a device that converts mechanical motions from a source of energy. Hydraulic fluid pressure, electric current, and pneumatic pressure are all examples of energy sources. Hydraulic, mechanical, pneumatic, and electric pneumatic actuators are examples of several types of pneumatic actuators. Cylinders and fluid motors are utilised to transfer hydraulic energy into mechanical processes in hydraulic actuators. To transform rotational motion into linear motion, a mechanical actuator is utilised. Rails, chains, pulleys, gears, and a variety of other devices all employ mechanical actuators. Additionally, a pneumatic actuator aids in the conversion of energy provided by compressed air at greater pressure into rotational or linear motion.

Manufacturers are replacing manual gears with pneumatic actuators, which can be handled automatically without being physically present at the pipelines, as well as the efficiency, reliability, and faster work of pneumatic actuators over manual gears, which is driving the market for pneumatic actuators. Furthermore, pneumatic actuators are less expensive than hydraulic actuators, and every company is looking for ways to reduce money. Pneumatic actuators are also an established technology, thus their prices are anticipated to fall in the future. As a result, the pneumatic actuator industry is growing due to reduced device prices.

As major application sectors regain traction and recover from the pandemic's effects, demand for pneumatic actuators is expected to increase, providing sufficient opportunity for key players. Furthermore, the rise in demand for double-acting pneumatic actuators is boosting the expansion of providers.

However, the global expansion of the Global Pneumatic Actuators Market is expected to be hampered by rising production and installation costs for pneumatic actuators.

Pneumatic actuators would be in high demand as a result of impending capacity growth in countries like South Africa and Turkey for petrochemicals, which will present profitable prospects for the Global Pneumatic Actuators Market.

With an increase in demand for rack & pinion and scotch yoke types of pneumatic actuators over the last decade, sales of pneumatic actuators have continuously climbed. Apart from a brief dip in 2020, advances in the manufacturing sector and expansion of important application industries such as mining, transportation, and others fueled the expansion. Between 2016 and 2020, the worldwide pneumatic actuator market grew at a compound annual growth rate (CAGR) of over 4%.

Key players in Pneumatic Actuators are Festo Corporation, Honeywell, Emerson, PARKER HANNIFIN CORP, ABB, Schlumberger Limited, Rotork, Imi Precision, SMC Corporation, NUTORK CORP. and others. The Pneumatic Actuators market is extremely concentrated, with the top three firms controlling almost 90% of the worldwide market. In addition, this circumstance reflects a monopolistic market. Honeywell, Emerson, PARKER HANNIFIN CORP, ABB, Schlumberger Limited are among the biggest enterprises. China, for example, has high-value contracts with the corporation. It holds a higher proportion in automating the industrial process across different industrial verticals. In order to expand its product offerings and market share, the company has been focusing on acquiring small players. To enhance its market position and secure future growth, it has used a variety of different measures, including partnerships, agreements, and the construction of new production facilities.

Latest Innovation in the Global Remote Access Software Market: A snapshot

• IMI Orton, a subsidiary of IMI PLC, has secured eight orders for valves and actuators for the Yamal LNG project from three distinct clients.
• Masso Ind s.p.a. (Italy) was bought by Rotork plc, an established manufacturer of unique shipboard Valve Remote Control Systems (VRCS). This purchase is intended to boost the company's position in the flow control sector while also expanding the Group's activities in the marine and offshore areas.

Pneumatic Actuators Market Scope :

Key Segments of the Global Pneumatic Actuators Market

By Motion Overview, (USD Billion)

• Linear
• Rotary

By Type (USD Billion)

• Rack and Pinion Pneumatic Actuator
• Scotch Yoke Pneumatic Actuator

By End User, (USD Billion)

• Aerospace & Defense
• Oil & Gas
• Food &Beverages
• Healthcare
• Others

Regional Overview, (USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa