
Rodless cylinders are linear equipment or devices that use pressurized fluid to shift or move load within power transfer processes or operations. These cylinders are primarily used in pneumatic applications that require a compact installation with various stroke possibilities. Rodless designs make pneumatics technology highly versatile, compact, and practical. Growing deployment of rodless cylinders for applications such as material transfer, assembly, packaging, cutting, and electronics manufacturing are anticipated to trigger market growth. As, rodless cylinders provide an unconventional way to move a load left, right, up, or down, while eliminating the need to compensate to differential piston areas, their deployment is growing across industries. In May 2019, Parker Hannifin announced that the company is acquiring Lord Corporation for roughly US $ 3.675 billion. The acquisition of Lord Corporation will strategically strengthen Parker's portfolio of lucrative margin, and high growth businesses.