Latin America Pneumatic Actuators Market Size & Outlook
The pneumatic actuators market in Latin America is expected to reach a projected revenue of US$ 4,546.5 million by 2030. A compound annual growth rate of 4.7% is expected of Latin America pneumatic actuators market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,297.8
Forecast, 2030 (US$M)
$4,546.5
CAGR, 2024 - 2030
4.7%
Report Coverage
Latin America
Latin America pneumatic actuators market, 2018-2030 (US$M)
Latin America pneumatic actuators market highlights
- The Latin America pneumatic actuators market generated a revenue of USD 3,297.8 million in 2023.
- The market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, linear was the largest revenue generating motion type in 2023.
- Linear is the most lucrative motion type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 3,297.8 million |
| Market revenue in 2030 | USD 4,546.5 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Linear |
| Fastest growing segment | Linear |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Linear |
| Key market players worldwide | ABB Ltd, Alfa Laval AB, Rotork PLC, Parker Hannifin Corp, SMC Corp, Emerson Electric Co, Flowserve Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.4% of the global pneumatic actuators market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 30,153.1 million by 2030.
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Pneumatic Actuators Market Scope
Pneumatic actuators market segmentation & scope
End Use
Automotive
Oil & Gas
Food & Beverages
Power Generation
Chemical
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Pneumatic Actuators Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America pneumatic actuators market
Related regional statistics
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