Pneumatic Actuator Market in Americas, APAC and EMEA Region 2017 to 2021

MarketResearchNest.com adds “Global Pneumatic Actuator Market 2017-2021” new report to its research database. The report spread across 86 pages with table and figures in it.

Research analysts forecast the global pneumatic actuator market to grow at a CAGR of 4.04% during the period 2017-2021.

About Pneumatic Actuator
Actuators are devices that use a power source to operate a valve. They are used to automate industrial valves in industries such as power generation, oil and gas, mining, chemical and petrochemical, automotive, semiconductor, and food and beverage. While manually operated actuators require manual adjustment, power operated actuators can be operated and adjusted by using electric current, gas, or hydraulic pressure. With the help of power operated actuators, valves can be used in areas where human intervention can be unsafe.

Covered in this report
The report covers the present scenario and the growth prospects of the global pneumatic actuator market for 2017-2021. To calculate the market size, the report considers the new installations sales/value and installation services market.

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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Pneumatic Actuator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global pneumatic actuator market: Emerson Electric, Flowserve, Parker Hannifin, Rotork, and SMC

Other Prominent Vendors in the market are: ATI, Cameron, Crane, Eaton, Festo, General Electric, Honeywell, Moog Flo-Tork, and NUTORK.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Adoption of IoT-enabled actuators for predictive maintenance. The need for data collection and analysis is driving the demand for IoT-enabled actuators. Vendors are moving toward predictive maintenance to improve accuracy and reduce production downtime. This is particularly useful in industries that use large motors in their operations. In industries such as oil and gas, mining, and pulp and paper, IoT actuators can be very useful as even a small downtime in such industries can lead to high costs. These actuators make it easy to monitor actuator variables such as cylinder speed, travel, temperature, and pressure. With the help of modern sensors that provide high accuracy and are available at low cost, the integration of IoT and pneumatic actuators has been made easy. Together with smart monitors, these actuators can communicate independently, so that they do not interfere with the main process line.”

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According to the report, one of the major drivers for this market is Increased momentum of automation projects in power, chemical, and oil and gas industries. The need for high accuracy and cost optimization is driving the demand for process automation, which is leading to an increment in the demand for control valves. Control valves require pneumatic actuators in power, chemical, and oil and gas end-user industries for operational control. The demand for control valves is increasing in the oil and gas upstream and downstream sectors, owing to increasing investments in fluid control systems. Increase in power demand in Asian economies such as China and India is propelling the sale of control valves in the power generation industry. With the increase in demand for control valves across these process industries, the global pneumatic actuator market will also witness a growth during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is Requirement of air-producing equipment. Pneumatic actuators make use of compressed air for performing the required operations. Before entering the actuator, the compressed air must be clean and dry. To achieve this, pneumatic systems require equipment such as compressors, air filters, lube tubes, dryers, and regulators, which result in additional cost. This also requires additional space to incorporate extra systems that have limited growth in end-user industries prone to space limitation. Manual changeover of pneumatic actuators is expensive as the production must be halted to perform repair work, which results in the loss of production.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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