Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Global Pneumatic Actuator Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The global pneumatic actuator market is poised for significant expansion, according to a comprehensive report now available on our website. The rigorous analysis reveals the market's potential to grow by USD 1.09 billion during the period from 2023-2028, progressing at an impressive CAGR of 5.45%.
Key Drivers Shaping the Pneumatic Actuator Market
The market's remarkable growth trajectory can be attributed to several factors:
- Increased adoption in the food and beverage industry.
- Rising demand from the vast oil and gas sector.
- The accelerating momentum of automation within industrial facilities.
These elements represent the core drivers energizing market expansion.
Market Segmentation Overview
Dissecting the market, the analysis casts light on several pivotal categories:
By Product Type
- Quarter-turn Actuators
- Multi-turn Actuators
- Linear Actuators
By End-user
- Chemical and Petrochemical
- Oil and Gas
- Power Generation
- Mining
- Others
By Geographical Landscape
- North America
- Europe
- APAC (Asia-Pacific)
- South America
- Middle East and Africa
This sector-specific analysis yields granular insights that stakeholders may leverage to their advantage.
Technological Innovations Spurring Growth
The study pinpoints the adoption of IoT-enabled actuators for predictive maintenance as a key trend propelling the pneumatic actuator market forward. Additionally, innovations such as the use of electro-pneumatic actuators for superior position control and advancements in soft pneumatic actuators within the robotic sector are anticipated to generate considerable demand.
Vendor Landscape
Included in the report is an extensive vendor analysis, profiling several leading companies. This facet of the report is instrumental for organizations aiming to enhance their market positions by understanding their competitive surroundings.
Comprehensive Market Insights
The publication synthesizes data derived from multiple sources, offering an in-depth analysis of key market parameters, including profit, pricing, competition, and promotions. The integration of primary and secondary research ensures data authenticity and reliability, endorsing the report as a critical resource for entities operating within the pneumatic actuator market space.
A selection of companies mentioned in this report includes
- ABB Ltd.
- AIRTECH PRODUCTS Inc.
- Crane Holdings Co.
- Eaton Corp. Plc
- Emerson Electric Co.
- Festo SE and Co. KG
- Flowserve Corp.
- Flowtorq Engineering Pvt. Ltd.
- HKS Dreh Antriebe GmbH
- Honeywell International Inc.
- Marsh Automation Pvt. Ltd.
- Moog Inc.
- Parker Hannifin Corp.
- Pentair Plc
- ROTEX Controls Inc.
- Rotork Plc
- Siemens AG
- SMC Corp
- Tolomatic Inc.
- Schlumberger Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ti8gy0
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