MRO Magazine

News

Demand for Industrial Automation and IIoT fuels global pneumatic valves and actuators market growth


London – Frost & Sullivan’s latest analysis of the pneumatic valves and actuators market finds that Industrial Internet of Things (IIoT) adoption is expected to increase significantly due to rising energy costs and end-user demand for lower product costs, improved operational efficiency, and increased machine uptime.

Frost & Sullivan predicts that heightened investment in Asia-Pacific, coupled with uptake in smart solutions such as wireless connectivity, remote monitoring, and predictive analytics, will augment growth opportunities.

These findings are found in a recent analysis, Global Pneumatic Valves and Actuators Market, Forecast to 2022, and provides a strategic overview of growth drivers, restraints, product segments, and end-user industries.

Market share and competitive analytics of key players such as SMC Corporation, Festo AG, Parker-Hannifin Corporation, IMI Precision Engineering, and Aventics GmbH are also given.

For more information, visit www.frost.com.