Global Smart Pneumatics Market by Component (Hardware and Software, and Services), Type (Smart Pneumatic Valves , Smart Pneumatic Actuators and Smart Pneumatic Modules ), Industry (Oil & Gas , Energy & Power , Water & Wastewater , Automotive, Semiconductor, and Food & Beverages and Others ), and Region (North- America, Europe, Asia-Pacific, Middle East & Africa, South America) –is expected to reach US$ 6.43 Bn by 2027, at a CAGR of 7.7 %.
The smart pneumatics offers reliable information on the state of attire of the actuators as well as the energy efficiency of pneumatic systems without the need to include the machine control. Pneumatic systems are used in several places like train doors, automatic production lines, mechanical clamps, and more. A pneumatic system uses air that is compressed in order to transfer and control energy.
Rising awareness toward analytical maintenance, penetration of digitization and IIoT, increasing demand for smart pneumatics owing to remote monitoring capabilities, the necessity for wireless infrastructure to maintain equipment in plants and severe environmental and safety regulations in the energy industry are the major factors behind the growth of the smart pneumatic market. Technological innovations with improved proficiencies and advent of artificial intelligence and machine learning are expected to create opportunities for the smart pneumatic market in the upcoming years.
However the market experiences a balanced growth but there are some factors which restrain the growth of the global smart pneumatics market like high initial investments in valve projects, deficiency of common platform for ZigBee, Profibus, and Ethernet and a dearth of standardized certifications and government policies. The high cost of construction, replication of technology and growing security risks related with cloud platform are challenges faced by the growth of the smart pneumatics market.
Actuator segment is expected to dominate the market
The smart pneumatic actuators segment is anticipated to grow rapidly during the forecast period owing to its benefits such as operational feedback like speed, force, end-of-travel, stroke length, and cycle time to controllers. The actuator plays an essential role in the smart pneumatic systems, the collected data permit condition monitoring to determine if an actuator is performing as planned.
Automotive industry segment holds the largest market share
The automotive industry segment is projected to hold the largest share of the global smart pneumatics market in the coming years owing to the increasing growth in the production of units/ day in the industry. Smart pneumatic systems play an important role in safeguarding efficient manufacturing processes like providing proper maintenance to the device on the production to upsurge production output. Also, automotive makers are adopting IIoT systems to increase energy productivity and monitor benefit condition are expected to grow the market growth.
This report contains a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Parker Hannifin, Bimba Manufacturing, Rotork, Mesto, Thomson Industries, Emerson Electric, Advanced Pneumatics, Basso Industry Corp., Bosch Rexroth, Chicago Pneumatic, Delton Pneumatics, Eaton Corp., Festo, Gardner Denver, Hitachi Koki, Ingersoll Rand Inc., Jiffy Air Tool, Kramer Air Tools Inc., Makita Corp., Mann+Hummel, Mitsubishi Heavy Industries Ltd., P&F Industries, Pneumatic Products, SMC Corp. of America, Stanley Black & Decker Inc. and VAC-U-MAX.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global smart pneumatics market. Report encompasses the Market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the Market, further giving an insight into the market dynamics, and future opportunities that might exist in the global smart pneumatics database market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing Market know-how of our clients and at the same time explain the global smart pneumatics database market positioning of competitors.
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