The Pneumatic Actuator Market is being driven by Increasing use of pneumatic actuators in food and beverage industry
The Pneumatic Actuator Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1231.6 million. In today's data-driven business landscape, the integration of Internet of Things (IoT) technology in pneumatic actuators is gaining significant traction. Companies are increasingly adopting IoT-enabled actuators for predictive maintenance, enabling them to enhance accuracy and minimize production downtime. This trend is particularly noteworthy in industries that rely heavily on large motors, such as oil and gas, mining, and chemicals, where even brief interruptions can result in substantial costs. By facilitating real-time monitoring of actuator variables, including cylinder speed, travel, temperature, and pressure, IoT actuators enable businesses to optimize operations and improve overall efficiency. Modern sensors, which offer high accuracy at affordable costs, have simplified the integration process.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
245 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
Market growth 2025-2029 |
USD 1231.6 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.2 |
Key countries |
US, Canada, Germany, China, UK, France, Italy, Japan, India, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In industrial settings, pneumatic actuators are engineering devices that convert compressed air into mechanical motion, driving linear actuators for kinetic movements in various applications. These include production machinery, packaging machinery, and automobile engines, among others. Air compressors generate the required pneumatic pressure, replacing hydraulic fluid pressure and electrical currents in some industries. Pneumatic actuators are energy-efficient alternatives in industrial environments, used in chemical processing, food and beverage production, and control systems with smart sensors. Types of actuators include pneumatic and hydraulic, each offering unique advantages.
The pneumatic actuator market is a significant segment of the larger industrial machinery and supplies and components market. This market caters to businesses specializing in the manufacturing of engineering devices that facilitate mechanical motion through compressed air. Key products within this category include linear actuators, which generate kinetic movements. The global industrial machinery and supplies and components market, encompassing manufacturers of machinery and components for industries such as presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications, is projected to experience growth due to increasing industrial output in process and discrete industries. The expanding economies of developing countries are driving the global demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages, consequently fueling the need for industrial machinery and components.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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