Higher Installation Rate in Transportation Industry Expected to Drive World Rack & Pinion Pneumatic Actuator Market over the Forecast Period: Ken Research
Rack & pinion pneumatic actuators are rotary actuators, used for automation of quarter turn valves such as ball or butterfly valves. These actuators are also known as limited rotation cylinders. These actuators convert energy of compressed air to an oscillating rotary motion. The clean, dry & processed gas required by the actuator is provided by a central compressed air station, which generally supports a range of pneumatic devices in a process system. Key characteristics of rack & pinion pneumatic actuators include durability, less expensive and better suited for hazardous environments, provide higher torque in comparison to their size and require less maintenance.
According to study, “World Rack & Pinion Pneumatic Actuator Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world rack & pinion pneumatic actuator market are Air Torque, Keystone, Rotork, Morin, SMC, Emerson, Crane, Nihon KOSO, ATI, Prisma, Biffi, Bray, VALBIA, Flowserve, Haitima, Rotex, J+J Automation, REGADA, Burkert, BAR GmbH, SMS-TORK, DynaQuip, Habonim, KOSAPLUS, SUMUKE, Sirca International, Actuatech SPA, ADLER SPA, Aira Euro Automation, Nutork, Ningbo Kexing, St. Hans, KST, Juhang, Yongjia Mingfeng. Companies are focusing on acquisition of small players to enhance its product offerings as well as market share. Companies are also adopting several other strategies, for instance agreements, partnerships, and establishment of new manufacturing facilities to reinforce their market position as well as ensure future growth.
Based on product type, rack & pinion pneumatic actuator market is segmented into 0-50 nm rack & pinion pneumatic actuator, 51-100 nm rack & pinion pneumatic actuator, 101-250 nm rack & pinion pneumatic actuator, 251-500 nm rack & pinion pneumatic actuator, 501-1000 nm rack & pinion pneumatic actuator and >1000 nm rack & pinion pneumatic actuator. Based on design type, market is segmented into single rack design and dual rack design. Based on function, market is segmented into single acting function vs. double acting function, multiple positioning and travel stop bolts. In a single-acting segment, air is supplied to one side of the piston and responsible for the movement of the piston in only one direction while in a double-acting actuator, air is provided to chambers on both sides of the piston: higher air pressure on one side can drive the piston to other side. Based on standard type, market is segmented into NAMUR VDI/VDE 3845 and ISO 5211. These standards specify dimensions for several components for instance actuator to valve interface, position indicator interface, air ports, and shaft driver shapes. Based on marketing channel, market is segmented into direct marketing channel and indirect marketing channel. Based on application, market is segmented into mixing, intermittent feeding, dumping, continuous rotation, turning over, lifting, positioning, oscillating, opening & closing and turning. In addition, based on application, market is segmented into pharmaceutical, mining industry, marine operations, hydraulic power steering, oil & gas chemical, manufacturing industry and others.
The rack & pinion pneumatic actuator market is driven by higher installation rate in the transportation industry, followed by rise in demand from automotive industry and increase in technology advancements. However, high installation cost for low volume production and power consumption or noise & leak issues may impact the market. Moreover, rise in use of advanced actuators in different verticals is a key opportunity for market.
The global rack & pinion pneumatic actuator market is likely to grow at a CAGR of approximately 1.1% over the next five years, will reach US $740 million in 2024, from US $700 million in 2019.
For more information on the research report, refer to below link:-
Ankur Gupta, Head Marketing & Communications