Research and Markets has announced the addition of Frost & Sullivan’s new report “North American Pneumatic Actuators Markets” to their offering.
This report titled North American Pneumatic Actuators Market provides the market dynamics of complete pneumatic product segment such as NFPA, non-repairable, mini/compact, rodless, rotary, slide, ISO VDMA type of actuators. In this research, Frost & Sullivan’s expert analysts thoroughly examine end-user analysis and distribution trends.
End-Users Prefer Innovation in Technology and Differentiation in Product Offering in the North American Actuators Market
With end-users cutting back on investments due to the economic slump, and demanding newer technologies and more product differentiation, participants in the North American actuators market are finding the going tough. The economy is expected to look up by the second quarter of 2010; till then, actuator manufacturers are focusing on high demand sectors such as food, packaging, and material handling to sustain growth. “While most end user segments are witnessing negative growth, manufacturers are targeting niche segments where demand is growing,” says the report. “Acceptance of standardized actuators such as National Fluid Power Association (NFPA) and ISO (International Standards Organization) and VDMA (Verband Deutscher Maschinen- und Anlagenbau) by end-user segments such as automotive has also helped in continuous production and revenue generation for the actuators market.”
Nonetheless, the economic crisis has resulted in a decline in pneumatic actuators sales for most manufacturers, and is compelling them to examine other market opportunities globally. Increased revenues are anticipated in the North American pneumatic actuators market as many companies continue to form alliances with overseas market participants to expand their customer base and provide more complete product lines. The unrelenting rise in the prices of raw materials has also facilitated the increase in product prices and hence revenues for the pneumatic actuators market, especially for NFPA products that find application in the food and packaging industries.
The growth of the pneumatic actuators market is aligned with the recovery of the U.S. economy. The development of value-added packages will attract potential clients toward manufacturers who have the capacity to offer complete solutions to end-users,” concludes the analyst. “The incorporation of control valves into sale of actuators is an example of this strategy in action.”