The global pneumatic actuator market is estimated to be valued at nearly US$ 12,430 Mn by 2017 end, and is projected to reach about US$ 19,801 Mn by the end of 2027, registering a CAGR of 4.8% over the forecast period.” — Analyst – Industrial Automation, XploreMR
Nowadays, many manufacturers are replacing manual levers with actuators as pneumatic actuators can be handled automatically without being physically present near the pipelines. Companies these days prefer actuators over manual gears due to better efficiency, reliability and faster work. Therefore, the demand for pneumatic actuators is expected to rise exponentially in the global market over the forecast period.
As compared to hydraulic actuators, pneumatic actuators are economical. Moreover, every manufacturer looks for an option to save extra cost. Pneumatic actuator technology is a matured technology and hence, the price of these devices is expected to further go down over the upcoming decade. Manufacturers still demand pneumatic actuators in their plants, which is driving revenue growth of the pneumatic actuator market.
As compared to electric actuators, pneumatic actuators are more affordable. However, they are stil...