Global Smart Pneumatics Market, By Components (Hardware, Software & Services), By Type (Smart Pneuma

Published Date: | Report Code : EQ1958707

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Market Dynamics

High growth of Industry Oil & Gas, Energy & Power, Water & Wastewater, Automotive, Semiconductor, Food & Beverages, Others in the emerging regions is expected to drive the demand of Global Smart Pneumatics Market during the forecast period. Some of the major end-use industries in the global smart pneumatics market have been witnessing strong growth in the emerging region such as the Asia Pacific and the Middle East.

Segment Analysis

Smart pneumatics are sophisticated pneumatic devices capable of producing real-time information during the operation of the device. This generation of real-time information has helped technicians and device operators understand how each device works under distinct circumstances. Because of this function of concurrent recording and maintenance, smart pneumatics is quickly replacing standard pneumatic equipment. It also helped the operators/engineers find the precise problem and save maintenance time and costs. Although the intelligent pneumatic systems are quite costly, these devices have already been embraced by some tier-1 producers and benefit from their characteristics.

In the coming years, the global smart pneumatics market is likely to experience enormous growth prospects as it helps monitor and collects data with the goal of seamless and efficient processing of work.

Smart pneumatic devices used in the sector are generally driven for transmitting and controlling energy by compressed air or compressed inactive gases. A pneumatic system organized by manual or automatic solenoid valves is chosen when a reduced price, more versatile or safer alternative to electric motors and actuators is provided. Pneumatic tube system advantages reduce staff expenses as errands are automated and transportation process consistency is improved.

Because of the inclusion of IIoT, the development of the intelligent pneumatic industry is driven by digitization penetration and IIoT enables businesses to connect sensors used to observe parameters such as vibration, temperature, and noise. IIoT provides a single platform for businesses to integrate and process all information as needed. Increasing awareness of predictive maintenance, the need for wireless infrastructure to track plant instruments and demand for intelligent pneumatics owing to remote monitoring capacities to enhance industry manufacturing are also boosting the market growth.

Key Factors Impacting Market Growth:

  • The emergence of artificial intelligence and machine learning

  • Increasing awareness of predictive maintenance

  • Digitization and IIoT penetration

Regional Outlook:

Major regions for the global smart pneumatics market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for the global smart pneumatics market owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be industry oil & gas, energy & power, water & wastewater, automotive, semiconductor, food & beverages, others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the global smart pneumatics market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

 The Asia Pacific and the Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. are estimated to register high demand for the global smart pneumatics market during the forecast period. On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the global smart pneumatics market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the global smart pneumatics market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: Emerson Electric Co., Festo AG & Co. KG, Parker Hannifin Corporation, Bimba Manufacturing Co., Rotork plc, Metso Corporation, and Thomson Industries, Inc.

Market Segmentation:

By Components:

  • Hardware

  • Software & Services

By Type:

  • Smart Pneumatic Valves

  • Smart Pneumatic Actuators

  • Smart Pneumatic Modules

By Industry:

  • Oil & Gas

  • Energy & Power

  • Water & Wastewater

  • Automotive

  • Semiconductor

  • Food & Beverages

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Components

    • By Type

    • By Industry

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Components

    • By Type

    • By Industry

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Components

    • By Type

    • By Industry

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Components

    • By Type

    • By Industry

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Components

    • By Type

    • By Industry

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Components

    • By Type

    • By Industry

Reasons To Buy This Report:

  • Market size estimation of the smart pneumatics on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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