Pneumatic Actuator Market to grow at a CAGR of 5.45% during 2024-2028
The Pneumatic Actuator Market is expected to grow at a CAGR of 5.45% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1.09 billion. In today's data-driven business landscape, the integration of Internet of Things (IoT) technology in pneumatic actuators is gaining significant traction. This trend is primarily driven by the need for real-time data collection and analysis to enhance operational efficiency and productivity. In industries that rely heavily on large motors, such as oil and gas, mining, and chemicals, even a minor production downtime can result in substantial costs. IoT-enabled pneumatic actuators offer predictive maintenance capabilities, enabling organizations to proactively address potential issues and minimize downtime. With the availability of modern, high-accuracy sensors at affordable prices, the implementation of IoT in pneumatic actuators has become a cost-effective solution for monitoring critical variables, including cylinder speed, travel, temperature, and pressure.
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Technavio analysts predict that the Quarter-turn subsegment will lead the Product Type segment during 2024 and 2028 In the realm of industrial automation, quarter-turn pneumatic actuators have gained significant traction due to their efficiency and versatility. These actuators are primarily utilized in valve control applications, where a 90-degree or quarter-turn motion is necessary for opening or closing the valve. The compact design of quarter-turn pneumatic actuators makes them an ideal choice for installations with limited space. Moreover, they offer high torque output with relatively low air consumption, thereby enhancing their operational efficiency. With the increasing automation trend in industries, the demand for reliable and efficient actuators to manage valves and other equipment is escalating. Quarter-turn actuators, with their quick and precise rotational movement, are well-suited for various automated systems.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish increasing use of pneumatic actuators in food and beverage industry
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The Pneumatic Actuator Market encompasses a wide range of engineering devices that convert pneumatic pressure into mechanical motion. These actuators are an essential component in various industries, including Food and Beverage, Aerospace, Healthcare, Chemical Processing, Railways, Packaging Machinery, Production Machinery, Aviation, Automobile Engines, and Air Compressors. Pneumatic actuators differ from Mechanical and Hydraulic actuators in their use of compressed air instead of electrical currents or hydraulic fluid pressure. They come in various types, such as Linear Actuators and Rotary Actuators, which include Scotch Yoke and Diaphragm designs. The market for Pneumatic Actuators is driven by the need for Energy-efficient systems, Smart Sensors, and advanced Control Systems. Industries demand reliable, durable, and robust solutions for their applications in Industrial Environments. Pneumatic Actuators offer these benefits, making them a popular choice. Key applications for Pneumatic Actuators include Kinetic Movements in various machinery and Engineering Devices. Their versatility extends to use in Aircraft, Automobile Engines, and Air Compressors, among others. The market for Pneumatic Actuators is expected to grow due to their ability to provide precise and efficient mechanical motion.
The global pneumatic actuator market is a significant segment of the expansive industrial machinery, supplies, and components market, according to Technavio's market research. This market encompasses organizations involved in the manufacturing of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Technavio determines the size of the global industrial machinery, supplies, and components market by aggregating the revenues of machinery and component manufacturers catering to the industrial sector. Key growth drivers for this market include the increasing industrial output in process and discrete industries, fueled by the burgeoning demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in rapidly expanding economies.
The Pneumatic Actuator Market is experiencing significant growth, fueled by the increasing use of pneumatic actuators in food and beverage industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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