Pneumatic Actuators Market
Pneumatic Actuators Market
The market for Pneumatic Actuators was estimated at $5.89 billion in 2024; it is anticipated to increase to $9.1 billion by 2030, with projections indicating growth to around $13.0 billion by 2035.
Global Pneumatic Actuators Market Outlook
Revenue, 2024 (US$B)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
Market Key Insights
- The Pneumatic Actuators market is projected to grow from $5.9 billion in 2024 to $12.1 billion in 2034. This represents a CAGR of 7.5%, reflecting rising demand across Industrial Automation, Healthcare Industry and Oil and Gas Industry.
- Emerson Electric Co., Rotork PLC, IMI PLC are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Pneumatic Actuators market and are expected to observe the growth CAGR of 4.9% to 7.2% between 2024 and 2030.
- Emerging markets including Indonesia, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 8.6% to 10.3%.
- Transition like Transition to Intelligent Pneumatic Systems is expected to add $900.0 million to the Pneumatic Actuators market growth by 2030
- The Pneumatic Actuators market is set to add $6.2 billion between 2024 and 2034, with manufacturer targeting Valves & Control units Component projected to gain a larger market share.
- With Automation in industrial processes, and Energy sector demand, Pneumatic Actuators market to expand 106% between 2024 and 2034.
Opportunities in the Pneumatic Actuators
In Asia and Africa developing nations offer a large potential market for pneumatic actuators due to their fast industrial growth and infrastructure advancement driving up demand, for such products.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Automation in Industrial Processes, and Low-cost and Maintenance-free Operations
Restraint: High Maintenance Costs
Opportunity: Industrial Automation Sector and Green Energy Initiatives
Challenge: Complex Installation Processes
Supply Chain Landscape
ArcelorMittal
POSCO
Nippon Steel & Sumitomo Metal Corporation
Eaton Corporation Plc
Festo AG & Co. KG
SMC Corporation
Emerson Electric Co.
IMI Plc
Cameron
a Schlumberger company
Oil & Gas Industry
Chemical & Petrochemical industry
Automotive Industry
ArcelorMittal
POSCO
Nippon Steel & Sumitomo Metal Corporation
Eaton Corporation Plc
Festo AG & Co. KG
SMC Corporation
Emerson Electric Co.
IMI Plc
Cameron
a Schlumberger company
Oil & Gas Industry
Chemical & Petrochemical industry
Automotive Industry