About Pneumatic Actuators
Pneumatic actuators convert energy from a compressed gas into motion. They produce both linear and rotary motion when powered by an electric compressor. Such actuators are extensively used in downstream oil and gas facilities, power generation plants, chemical and petrochemicals processing facilities, and mining equipment. Based on the valve actuation mechanism, pneumatic actuators are of three types that include linear, quarter-turn, and multi-turn actuators. These are used in a wide range of applications to perform specific tasks such as filling, ejecting, clamping, picking and placing, and tool changing.
Technavio’s analysts forecast the global pneumatic actuators market to grow at a CAGR of 3.66% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global pneumatic actuators market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales (of both new and retrofit) and aftermarket services of pneumatic actuators.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pneumatic Actuators Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Pneumatic Actuators Market: Emerson Electric, Flowserve, Pentair and SMC.
Other Prominent Vendors in the market are: ATI, Bosch Rexroth, Crane, Eaton, Festo, Parker Hannifin and Rotork
Commenting on the report, an analyst from Technavio’s team said: “Pneumatic actuators are equipped with sensors and integrated with other equipment through the IoT. Such integration should enable enterprises to collect useful data on cylinder speed, travel, temperature, and pressure, and the information can be used to optimize production or flag maintenance issues before a component fails completely.”
According to the report, advances in process automation across various end-user industries, especially in North America and Europe, are likely to boost the demand for control valves. Pneumatic actuators are used to operate the control valves in various industries. Increased investment in fluid handling systems in refineries and rigs will raise the demand for control valves.
Further, the report states that Growing demand for electromechanical actuators can pose a threat to market growth. Electromechanical actuators provide precise positioning and control, high-energy efficiency, and have low operating costs. However, pneumatic actuators are inexpensive and generate more force compared to their electromechanical counterparts within the same footprint.
Emerson Electric, Flowserve, Pentair, SMC, ATI, Bosch Rexroth, Crane, Eaton, Festo, Parker Hannifin, Rotork