Pneumatic Actuator Market is set to grow at a CAGR of 5:45% from 2024-2028: Increasing Use Of Pneumatic Actuators In Food And Beverage Industry to Boost Growth | Technavio

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Jan 25, 2024, 17:20 ET

NEW YORK, Jan. 25, 2024 /PRNewswire/ -- The Pneumatic Actuator Market is projected to witness substantial growth, at a projected Compound Annual Growth Rate (CAGR) of 5.45%, and an increase of USD 1.09 billion between 2023 and 2028, according to a detailed report by Technavio. The market's upward trajectory is attributed to factors such as the expanding use of pneumatic actuators in the food and beverage industry, rising demand in the oil and gas sector, and the accelerating momentum of automation across industrial facilities. Explore the complete report with historical data from 2018 to 2022 and future projections for 2024 to 2028. Request your FREE sample report for more insights.

Technavio has announced its latest market research report titled Global Pneumatic Actuator Market 2024-2028

Key Drivers, Trends, and Challenges:
Analyzing data from 2023 as the base year, the report highlights key drivers, trends, and challenges influencing market growth. The surge in demand for pneumatic actuators in the food and beverage industry emerges as a key driver. Automation and robotics are becoming integral to food and beverage processes, with a focus on product integrity and adherence to safety standards. Additionally, the adoption of IoT-enabled actuators for predictive maintenance is identified as a prominent trend. Market players are increasingly shifting towards predictive maintenance to enhance accuracy and reduce production downtime, particularly in industries using large motors. However, challenges related to air-related technical issues of pneumatic actuators, such as air leakage, noise production, condensation, and low force and speed generation at low pressure, may impede market growth.

Pneumatic Actuator Market 2024-2028 : Comapnies Analysis

Some companies like ABB Ltd., AIRTECH PRODUCTS Inc., Crane Holdings Co., Eaton Corp. Plc, Emerson Electric Co., and others are adopting diverse strategies such as alliances, partnerships, mergers and acquisitions, and geographical expansion to fortify their market presence. Purchase this exclusive report today to gain in-depth insights into the strategies and market dominance of 20 key companies.

Market Segmentation Overview:
In this comprehensive report, the Pneumatic Actuator Market is segmented by Product Type, End-user, and Regions. The quarter-turn segment which is set for significant growth was valued at USD 1.61 billion in 2018. North America is projected to contribute 31% to the market's growth by 2028. Get a detailed analysis of market trends, drivers, challenges, and competitive landscape. View Free Sample Report.

Pneumatic Actuator Market 2024-2028 : Segmentation

Pneumatic Actuator Market is segmented as below:

Product Type

Quarter-turn
Multi-turn
Linear

End-user

Chemical And Petrochemical
Oil And Gas
Power Generation
Mining
Others

Geography

North America
Europe
APAC
South America
Middle East And Africa

Pneumatic Actuator Market 2024-2028 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our pneumatic actuator market report covers the following areas:

Pneumatic Actuator Market size
Pneumatic Actuator Market trends
Pneumatic Actuator Market industry analysis

This study identifies Adoption of IoT-enabled actuators for predictive maintenance as one of the prime reasons driving the pneumatic actuator market growth during the next few years.

Related Reports:
The US - Electric Actuators for Marine and Defense Market is projected to grow by USD 190.84 million at a CAGR of 5.27% between 2023 and 2028.
The linear actuators market size is estimated to grow at a CAGR of 6.08% between 2022 and 2027. The market size is forecast to increase by USD 12,326.86 million.

Table Of Contents :

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028

Exhibit 14: Chart on Global - Market size and forecast 2023-2028 (USD billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 (USD billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global pneumatic actuator market 2018 - 2022

Exhibit 18: Historic Market Size – Data Table on global pneumatic actuator market 2018 - 2022 (USD billion)

4.2 Product Type Segment Analysis 2018 - 2022

Exhibit 19: Historic Market Size – Product Type Segment 2018 - 2022 (USD billion)

4.3 End-user Segment Analysis 2018 - 2022

Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 (USD billion)

4.4 Geography Segment Analysis 2018 - 2022

Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 (USD billion)

4.5 Country Segment Analysis 2018 - 2022

Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 (USD billion)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product Type

6.1 Market segments

Exhibit 30: Chart on Product Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product Type - Market share 2023-2028 (%)

6.2 Comparison by Product Type

Exhibit 32: Chart on Comparison by Product Type
Exhibit 33: Data Table on Comparison by Product Type

6.3 Quarter-turn - Market size and forecast 2023-2028

Exhibit 34: Chart on Quarter-turn - Market size and forecast 2023-2028 (USD billion)
Exhibit 35: Data Table on Quarter-turn - Market size and forecast 2023-2028 (USD billion)
Exhibit 36: Chart on Quarter-turn - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Quarter-turn - Year-over-year growth 2023-2028 (%)

6.4 Multi-turn - Market size and forecast 2023-2028

Exhibit 38: Chart on Multi-turn - Market size and forecast 2023-2028 (USD billion)
Exhibit 39: Data Table on Multi-turn - Market size and forecast 2023-2028 (USD billion)
Exhibit 40: Chart on Multi-turn - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Multi-turn - Year-over-year growth 2023-2028 (%)

6.5 Linear - Market size and forecast 2023-2028

Exhibit 42: Chart on Linear - Market size and forecast 2023-2028 (USD billion)
Exhibit 43: Data Table on Linear - Market size and forecast 2023-2028 (USD billion)
Exhibit 44: Chart on Linear - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Linear - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by Product Type

Exhibit 46: Market opportunity by Product Type (USD billion)
Exhibit 47: Data Table on Market opportunity by Product Type (USD billion)

7 Market Segmentation by End-user

7.1 Market segments

Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)

7.2 Comparison by End-user

Exhibit 50: Chart on Comparison by End-user
Exhibit 51: Data Table on Comparison by End-user

7.3 Chemical and petrochemical - Market size and forecast 2023-2028

Exhibit 52: Chart on Chemical and petrochemical - Market size and forecast 2023-2028 (USD billion)
Exhibit 53: Data Table on Chemical and petrochemical - Market size and forecast 2023-2028 (USD billion)
Exhibit 54: Chart on Chemical and petrochemical - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Chemical and petrochemical - Year-over-year growth 2023-2028 (%)

7.4 Oil and gas - Market size and forecast 2023-2028

Exhibit 56: Chart on Oil and gas - Market size and forecast 2023-2028 (USD billion)
Exhibit 57: Data Table on Oil and gas - Market size and forecast 2023-2028 (USD billion)
Exhibit 58: Chart on Oil and gas - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Oil and gas - Year-over-year growth 2023-2028 (%)

7.5 Power generation - Market size and forecast 2023-2028

Exhibit 60: Chart on Power generation - Market size and forecast 2023-2028 (USD billion)
Exhibit 61: Data Table on Power generation - Market size and forecast 2023-2028 (USD billion)
Exhibit 62: Chart on Power generation - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Power generation - Year-over-year growth 2023-2028 (%)

7.6 Mining - Market size and forecast 2023-2028

Exhibit 64: Chart on Mining - Market size and forecast 2023-2028 (USD billion)
Exhibit 65: Data Table on Mining - Market size and forecast 2023-2028 (USD billion)
Exhibit 66: Chart on Mining - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Mining - Year-over-year growth 2023-2028 (%)

7.7 Others - Market size and forecast 2023-2028

Exhibit 68: Chart on Others - Market size and forecast 2023-2028 (USD billion)
Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 (USD billion)
Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)

7.8 Market opportunity by End-user

Exhibit 72: Market opportunity by End-user (USD billion)
Exhibit 73: Data Table on Market opportunity by End-user (USD billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 75: Chart on Market share by geography 2023-2028 (%)
Exhibit 76: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison

Exhibit 77: Chart on Geographic comparison
Exhibit 78: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2023-2028

Exhibit 79: Chart on North America - Market size and forecast 2023-2028 (USD billion)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 (USD billion)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.4 Europe - Market size and forecast 2023-2028

Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 (USD billion)
Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 (USD billion)
Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.5 APAC - Market size and forecast 2023-2028

Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 (USD billion)
Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 (USD billion)
Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028

Exhibit 91: Chart on South America - Market size and forecast 2023-2028 (USD billion)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 (USD billion)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028

Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 (USD billion)
Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 (USD billion)
Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028

Exhibit 99: Chart on US - Market size and forecast 2023-2028 (USD billion)
Exhibit 100: Data Table on US - Market size and forecast 2023-2028 (USD billion)
Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 China - Market size and forecast 2023-2028

Exhibit 103: Chart on China - Market size and forecast 2023-2028 (USD billion)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 (USD billion)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)

9.10 Germany - Market size and forecast 2023-2028

Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 (USD billion)
Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 (USD billion)
Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.11 Canada - Market size and forecast 2023-2028

Exhibit 111: Chart on Canada - Market size and forecast 2023-2028 (USD billion)
Exhibit 112: Data Table on Canada - Market size and forecast 2023-2028 (USD billion)
Exhibit 113: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Canada - Year-over-year growth 2023-2028 (%)

9.12 Japan - Market size and forecast 2023-2028

Exhibit 115: Chart on Japan - Market size and forecast 2023-2028 (USD billion)
Exhibit 116: Data Table on Japan - Market size and forecast 2023-2028 (USD billion)
Exhibit 117: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 118: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography

Exhibit 119: Market opportunity by geography (USD billion)
Exhibit 120: Data Tables on Market opportunity by geography (USD billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 121: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 123: Overview on factors of disruption

11.4 Industry risks

Exhibit 124: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 125: Vendors covered

12.2 Market positioning of vendors

Exhibit 126: Matrix on vendor position and classification

12.3 ABB Ltd.

Exhibit 127: ABB Ltd. - Overview
Exhibit 128: ABB Ltd. - Business segments
Exhibit 129: ABB Ltd. - Key offerings
Exhibit 130: ABB Ltd. - Segment focus

12.4 AIRTECH PRODUCTS Inc.

Exhibit 131: AIRTECH PRODUCTS Inc. - Overview
Exhibit 132: AIRTECH PRODUCTS Inc. - Product / Service
Exhibit 133: AIRTECH PRODUCTS Inc. - Key offerings

12.5 Crane Holdings Co.

Exhibit 134: Crane Holdings Co. - Overview
Exhibit 135: Crane Holdings Co. - Business segments
Exhibit 136: Crane Holdings Co. - Key offerings
Exhibit 137: Crane Holdings Co. - Segment focus

12.6 Eaton Corp. Plc

Exhibit 138: Eaton Corp. Plc - Overview
Exhibit 139: Eaton Corp. Plc - Business segments
Exhibit 140: Eaton Corp. Plc - Key news
Exhibit 141: Eaton Corp. Plc - Key offerings
Exhibit 142: Eaton Corp. Plc - Segment focus

12.7 Emerson Electric Co.

Exhibit 143: Emerson Electric Co. - Overview
Exhibit 144: Emerson Electric Co. - Business segments
Exhibit 145: Emerson Electric Co. - Key news
Exhibit 146: Emerson Electric Co. - Key offerings
Exhibit 147: Emerson Electric Co. - Segment focus

12.8 Flowserve Corp.

Exhibit 148: Flowserve Corp. - Overview
Exhibit 149: Flowserve Corp. - Business segments
Exhibit 150: Flowserve Corp. - Key news
Exhibit 151: Flowserve Corp. - Key offerings
Exhibit 152: Flowserve Corp. - Segment focus

12.9 Honeywell International Inc.

Exhibit 153: Honeywell International Inc. - Overview
Exhibit 154: Honeywell International Inc. - Business segments
Exhibit 155: Honeywell International Inc. - Key news
Exhibit 156: Honeywell International Inc. - Key offerings
Exhibit 157: Honeywell International Inc. - Segment focus

12.10 Moog Inc.

Exhibit 158: Moog Inc. - Overview
Exhibit 159: Moog Inc. - Business segments
Exhibit 160: Moog Inc. - Key offerings
Exhibit 161: Moog Inc. - Segment focus

12.11 Parker Hannifin Corp.

Exhibit 162: Parker Hannifin Corp. - Overview
Exhibit 163: Parker Hannifin Corp. - Business segments
Exhibit 164: Parker Hannifin Corp. - Key news
Exhibit 165: Parker Hannifin Corp. - Key offerings
Exhibit 166: Parker Hannifin Corp. - Segment focus

12.12 Pentair Plc

Exhibit 167: Pentair Plc - Overview
Exhibit 168: Pentair Plc - Business segments
Exhibit 169: Pentair Plc - Key news
Exhibit 170: Pentair Plc - Key offerings
Exhibit 171: Pentair Plc - Segment focus

12.13 ROTEX Controls Inc.

Exhibit 172: ROTEX Controls Inc. - Overview
Exhibit 173: ROTEX Controls Inc. - Product / Service
Exhibit 174: ROTEX Controls Inc. - Key offerings

12.14 Rotork Plc

Exhibit 175: Rotork Plc - Overview
Exhibit 176: Rotork Plc - Business segments
Exhibit 177: Rotork Plc - Key offerings
Exhibit 178: Rotork Plc - Segment focus

12.15 Schlumberger Ltd.

Exhibit 179: Schlumberger Ltd. - Overview
Exhibit 180: Schlumberger Ltd. - Business segments
Exhibit 181: Schlumberger Ltd. - Key news
Exhibit 182: Schlumberger Ltd. - Key offerings
Exhibit 183: Schlumberger Ltd. - Segment focus

12.16 Siemens AG

Exhibit 184: Siemens AG - Overview
Exhibit 185: Siemens AG - Business segments
Exhibit 186: Siemens AG - Key news
Exhibit 187: Siemens AG - Key offerings
Exhibit 188: Siemens AG - Segment focus

12.17 SMC Corp

Exhibit 189: SMC Corp - Overview
Exhibit 190: SMC Corp - Product / Service
Exhibit 191: SMC Corp - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 192: Inclusions checklist
Exhibit 193: Exclusions checklist

13.3 Currency conversion rates for USUSD

Exhibit 194: Currency conversion rates for USUSD

13.4 Research methodology

Exhibit 195: Research methodology
Exhibit 196: Validation techniques employed for market sizing
Exhibit 197: Information sources

13.5 List of abbreviations

Exhibit 198: List of abbreviations

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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