Published on : Dec 18, 2017
Albany, New York, December 18, 2017: The global pneumatic actuators is closely linked to the broader developments in the mining industry. Stability in the mining sector has led to higher demand for minerals, including gold, copper, silver, and zinc. On account of these macro developments, the market for pneumatic actuators is likely to witness an increase in the near future. A new report titled “Pneumatic Actuator Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 – 2027” has been added to the comprehensive repository of Market Research Hub (MRH) and offers information on the key factors that are likely to push demand during the forecast period. The report projects the Global Pneumatic Actuators Market to Reach a Valuation of US$ 19,801 Mn by 2027.
The report begins with an executive summary which lays out the key highlights, including market numbers, drivers, and trends that are likely to impact the market growth during the assessment period. The next sections of the report introduce the readers to the market, with qualitative information on the drivers, restraints, trends, and opportunities offered to readers. To give readers comprehensive information on the pneumatic actuators market, the report offers detailed segment-wise analysis. On the basis of capacity, the pneumatic actuators market has been segmented on the basis of light duty and heavy duty. On the basis of operation, the key segments include double acting and spring return. By product type, rack and pinion, and Scotch Yoke based are the key segments. The leading application segments of the market include industrial automation, mining, offshore, and transportation.
Pneumatic actuators have replaced manual gears in many mining operations across the world, and demand is growing at a steady rate in the APEJ region. Many mining operators in APEJ are investing in pneumatic actuators to boost their operational efficiency. The low cost of pneumatic actuators as compared to hydraulic actuators is also likely to fuel demand during the assessment period. In China, a marked preference for Rack and Pinion pneumatic actuators has been observed.
The Middle East and Africa’s petrochemical industry is important for the future prospects of pneumatic actuators in the region. Use of pneumatic actuators in the petrochemical and mining industry of MEA is witnessing an increase, and this is likely to provide growth opportunities to manufacturers during the assessment period. Some of the leading companies profiled in the region include Camozzi SPA, Bosch Rexroth AG, Bray International Inc., Omal S.P.A, Air Torque S.P.A, Flowserve Corporation, Emerson Electric Co. Ltd., Actreg S.A., Enolgas Bonomi S.P.A., Metalúrgica Varb, Rotark Plc, SMC Corporation, Festo AG & Co. KG, ABB Ltd., Elfor Controls Srl, Johnson Controls Inc., Habonim Industrial Valves & Actuators Ltd., Parker Hannifin Corp, Metal Works SPA and IMI Precision- Norgren
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