Pneumatic Market size was valued at USD 4.75 Billion in 2022 and is projected to reach USD 8.43 Billion by 2030, growing at a CAGR of 8.6% from 2022 to 2030. Over the projected timeframe, the Software and Services component is anticipated to grow at the fastest rate. Throughout the projected period, the automotive industry held the greatest market share relative to other industries. Because of the adoption of a more liberal policy structure, developing economies like India are anticipated to have potential growth in the pneumatic market. A comprehensive analysis of the market is given in the Global Pneumatic Market study. A thorough analysis of the market's major segments, trends, drivers, restraints, competitive environment, and other important variables is provided in this study.
In order to give the controllers operating feedback (such as speed, force, end-of-travel, stroke length, and cycle time), smart pneumatic actuators use sensors and other electrical devices. The controller can use condition monitoring to ascertain whether an actuator is operating in accordance with design thanks to the data gathered. In addition to cutting-edge pneumatic actuators and valves, the market is made up of platforms and modules for tracking system performance. In pneumatic systems, a module essentially serves as a modem for communication between sensors via an I/O link, allowing users to anticipate problems before they cause costly, highly installed gear to break down.
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Segmentation of the Pneumatic Market:
By Type
- Actuators Pneumatic
- Valves Pneumatic
- Fittings Pneumatic
- Others
By End-user
- Automotive
- Food and Beverage Processing and Packaging
- Aerospace and Defense
- Life Sciences
- Chemical and Petrochemical
- Other End-user Industries
By Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
Key Players
The major players in the market are Emerson Electric, Parker Hannifin, Bimba Manufacturing, Rotork, Mesto, Thomson Industries, Advanced Pneumatic, Basso Industry Corp., Bosch Rexroth, and Chicago Pneumatic.
Regional Analysis:
According to regional analysis, there are four segments in the global pneumatic market: North America, Europe, Asia Pacific, and Rest of the World. Because Industry-4.0, or smart manufacturing, is becoming more and more popular, the Asia Pacific market is anticipated to develop at the fastest rate throughout the projected period. Furthermore, the demand for smart pneumatic systems is growing faster in the Asia-Pacific region due to factors like tighter quality control in the chemicals, automotive, and semiconductor industries; increased economic concerns with an emphasis on optimal asset utilization and application; and significantly stricter government regulations for the workplace and personal well-being. The United States of America, a nation renowned for its cutting-edge automation in industrial processes and technolog.
Outlook & Recent Development:
The divisions and sub-segments study in the Global Pneumatic industry Report 2023 helps to highlight important industry insights. This section presents a comprehensive study of the primary drivers driving the expansion of the pneumatic industry. The end-user industry, equipment type, and other factors have been used to segment the pneumatic market. Key industry segments and their worldwide, regional, and national insights are better understood with the aid of pneumatic market analysis. The most profitable market sectors in the near future, together with their anticipated growth rate and potential future markets, are also covered by this analysis. The research also offers in-depth analyses of the variables influencing each industrial segment's growth, whether it be positively or negatively.
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