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The pneumatic actuator market size is forecast to increase by USD 1.09 billion at a CAGR of 5.45% between 2023 and 2028. The global market is witnessing significant growth due to the increasing use of pneumatic actuators in various industries, particularly in the food and beverage and automotive sector, where they are employed for applications such as filling, capping, and sealing. Another trend driving market growth is the adoption of Internet of Things (IoT)-enabled actuators for predictive maintenance, which enhances equipment efficiency and reduces downtime. Furthermore, the high adoption of electromechanical and electric actuators in industries such as oil and gas, power generation, and water and wastewater treatment is posing a challenge to the market, as these alternatives offer advantages such as energy efficiency and precise control.
However, the versatility, reliability, and cost-effectiveness of pneumatic actuators continue to make them a preferred choice for numerous applications, ensuring the market's continued growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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