Global Pneumatic Actuators Market Size By Motion, By Type, By Verticle, By Geographic Scope And Forecast
Pneumatic Actuators Market Size And Forecast
Pneumatic Actuators Market was valued at USD 12.5 Billion in 2018 and is projected to reach USD 17.74 Billion by 2026, growing at a CAGR of 4.44% from 2019 to 2026.
Global Pneumatic Actuators Market Overview
Nowadays, manufacturers are replacing manual gears with actuators as pneumatic actuators which can be handled automatically without being physically present at the pipelines and also efficiency, reliability and faster work of pneumatic actuators over manual gears are boosting the use of pneumatic actuators market. Moreover, low cost of pneumatic actuators as compared to hydraulic actuators and every manufacturer are looks for an option to save cost. Also, prices of pneumatic actuators form a matured technology and their prices may likely to go down in future. Thus, low costs of devices are fueling the growth of pneumatic actuator market.
Global Pneumatic Actuators Market: Segmentation Analysis
The Global Pneumatic Actuators Market is segmented based on Motion,Type,Vertical, and Geography.
Key Players In Pneumatic Actuators Market
The Global Pneumatic Actuators Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Festo Corporation
- PARKER HANNIFIN CORP
- Schlumberger Limited
- Imi Precision
- SMC Corporation
- NUTORK CORP.
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