In the face of high demand for minerals, commodity prices in
rapidly-developing economies such as India and China are recovering
actively. Mining of gold, silver, zinc, copper and other
highly-valuable metals is witnessing a rise in terms of investments,
bolstering the recovery of mining industries across several parts of
the world. Being essential tools for extraction and offshoring
processes, pneumatic actuators are witnessing higher demand from
mining end-users. Future Market Insights recently published a report
on the global market for pneumatic actuators, indicating that
resurgence of mining businesses especially in Latin American
countries such as Peru and Mexico is fuelling the growth in global
sales of pneumatic actuators.
According to the report, the global pneumatic
actuators market is pegged to reach US$ 12.5 Bn value by the end
of 2017. Growing applications of pneumatic actuators is expected to
drive the growth of global pneumatic actuator market, which is
expected to soar steadily at 4.8% CAGR and bring in revenues worth
over US$ 19.8 Bn by 2027-end. The report assesses that the pneumatic
actuator market is facing restraints from environmental concerns,
regulatory developments, limitations arising from a region’s
indigenous rights, and emergence of advanced technologies. Advent of
electrical and hydraulic actuators is cited to dissipate the global
demand for pneumatic actuators. Nevertheless, the market is likely to
witness opportune growth from application of pneumatic actuators in
healthcare sector.
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Human scale assistive fluid power applications in the global medical
industry are promptly adopting pneumatic actuators. Another lucrative
application for pneumatic actuators lies in patient rehabilitation
and MRI-compliant surgeries & treatments. Transportation, food &
packaging, and mining are observed to be key applications of
pneumatic actuators. In 2017, global sales of pneumatic actuators in
mining and transportation applications will be accounting for close
to 60% of global market revenues.
By capacity, sales of light duty pneumatic actuators are estimated to
account for a higher market share throughout the forecast period. The
predominantly high presence of light duty pneumatic actuators in
industries, such as automotive, pharmaceutical, white goods and food
& packaging industries is primarily attributing to the growth of
this segment. In 2017 and beyond, it is anticipated that over 60% of
global market value will be accounted by sales of pneumatic actuators
that facilitate double acting operations. Scotch Yoke-based pneumatic
actuators are likely to be top-selling products in the global market,
recording sales of more than 25 million units towards the end of
2027.
The report also projects that pneumatic actuators market in Western
Europe will register significant growth, accounting for more than 30%
of global revenues through 2027. Technological advancements in North
America will render this region among leading regions in the global
pneumatic actuators market. Demand for pneumatic actuators in the
Asia-Pacific excluding Japan (APEJ) region is also expected to gain
traction during the forecast period. Key manufacturers of pneumatic
actuators are profiled in the report as the global market’s leading
participants, and they include companies such as Camozzi SPA, Bosch
Rexroth AG, Flowserve Corporation, Omal S.P.A, Air Torque S.P.A,
Emerson Electric Co. Ltd., Actreg S.A., Bray International Inc.,
Enolgas Bonomi S.P.A., Metalúrgica Varb, Festo AG & Co. KG,
Rotark Plc, SMC Corporation, ABB Ltd., Elfor Controls Srl, Habonim
Industrial Valves & Actuators Ltd., Johnson Controls Inc., Parker
Hannifin Corp, Metal Works SPA and IMI Precision- Norgren.
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