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Pneumatic Components Market Research Report - Segmentation By Type (Air Treatment Components, Pneumatic Valves, Pneumatic Cylinders), Application (Electronics, Chemical Industry, Machinery, Others), and Region – Global Industry Forecast | 2022 to 2027

Published: January, 2022
ID: 10153
Pages: 175

Pneumatic Components Market Size (2022 - 2027)

The Global Pneumatic Components Market was estimated at US$ 14.63 billion in 2021, and it is expected to reach a revised size of US$ 18.49 billion by 2027, with a CAGR of 4.46% over the foreseen period of 2022 - 2027.

Pneumatic components are the parts that are assembled to make pneumatic device or pneumatic systems. Pneumatic systems include pneumatic components such as pneumatic actuator unit, pneumatic control unit, pneumatic filter unit, and other connected parts. Pneumatic components are modules that use compressed air to power mobile parts. Pneumatic components use to control and transmit energy which utilizes compressed air for functioning. The filters and air dryers are generally employed in pneumatic systems so as to keep compressed air clean and dry, which helps in enhancement of the components and increase systems reliability and service life. There are variety of valves that are used in pneumatic systems in order to control the direction, pressure, and speed of actuators.

The major factor that influences the growth of the pneumatic components market is the rising need of the safety of the food and beverages industry. The pneumatic components help in controlling. Food and beverage industry has shown a significant rise in adoption of huge volume of pneumatic components for variety of applications. The demand of pneumatic components is increasing in order to enhance machine safety as well as performance. The demand of pneumatic component is increasing in industries as it provides safe and precise procedures by utilizing compressed and energy efficient automation. Several manufacturers are making efficient use of pneumatic components for manufacturing and development of other products.

The increasing demand of the industrial safety and the increasing investment by the key industrialist are the major driver which are responsible for the growth of the pneumatic components market. Additionally, strict government regulation towards the safe operations within the industries and growing industrial automation are some of the factors that support the market growth.

Furthermore, the rapid adoption of advanced technologies such as Industrial Internet of Things (IIoT), artificial intelligence etc, pneumatic technology is gaining a lot of traction and becoming popular for functional and commercial use due to its monitoring and measurement capabilities. Also, it provides meaningful information on machine operation and enhances the performance of the devices.

MARKET DRIVERS

The factors driving the call for pneumatic components are the requirements to enhance machine safety and performance. Pneumatic components are a significant part of making and other end-use businesses owing to the escalating call for safe and precise procedures, including the employment of compressed air and energy-efficient automation. Many manufacturers dedicated to the supply of pneumatic systems focus on the development of technologies that ensure the safety of machines. Manufacturers also aim to optimize power consumption and connectivity, as well as monitor factory automation, as this helps improve maintenance planning and increases operational efficiency. There are several features and benefits associated with pneumatic components that make them the preferred choice for various end applications. With the rapid adoption of the Industrial Internet of Things (IIoT), pneumatic technology is gaining a lot of ground and becoming functional and commercial with its monitoring and measurement capabilities, providing meaningful information on machine operation and performance of the devices.

MARKET RESTRAINTS

Increasing necessity of large investment along with lack of government policies are behaving as market restraints for pneumatic components and systems in the foreseen period.

MARKET OPPORTUNITIES

Machine safety and improved operation are critical steps during the design and development phase. The most important aspect of machine safety and integration is not integration, but the proper handling of all kinds of shutdowns and restarts, creating a need for properly designed programs including systems tires that help restart machines when restarting a predetermined safety position and automatic restart of the cycle with minimal operator intervention. Hence, the need to improve the safety and operation of machinery is predicted to drive the expansion of the global pneumatic components market during the foreseen period. In addition, increased investment in industrial automation is predicted to drive the demand for pneumatic components, as many devices employed in industrial automation operate on compressed air. Industrial automation has seen innovations in the field of robotics. For example, in 2018, Amazon delivered nearly five billion items in 2 days, which was the result of advanced robotic capabilities in industrial automation and artificial intelligence. In addition, pneumatic components, such as pneumatic actuators, find various applications in industrial automation. Advanced pneumatic actuators feature wireless sensors and valve controls, providing predictive maintenance functions. One of the recent innovations in industrial automation is the development of air-driven manufacturing cells for low-cost automation applications. These cells can be utilized in applications as low-cost alternatives to escalate production and improve output quality. Therefore, it is predicted that the gradual use of pneumatic components in industrial automation will create expansion opportunities for the players operating in the global pneumatic components market during the conjecture period.

MARKET CHALLENGES

Pneumatic equipment requires the installation of expensive air production equipment. The increased reliance of pneumatic equipment on air tends to create more complications in handling and monitoring equipment compared to electrical or hydraulic systems, since air is a compressible gas. In addition, the risk when handling pneumatic equipment due to air pressure leakage can lead to fatal injuries. In addition, end users find substitutes such as electrical and hydraulic equipment which are more attractive than pneumatic equipment in terms of use. These are the factors that are hindering the expansion of the pneumatic equipment market in the world.

PNEUMATIC COMPONENTS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

4.46%

Segments Covered

By Component Type, Application, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Festo SE & Co. KG, Bosch Rexroth AG, SMC Corporation, Airtac International Group, Norgren, Inc., Ckd Corp., Parker Hannifin Corporation, JELPC (Ningbo Jiaerling Pneumatic Machinery Co., Ltd.), Fenghua Yaguang Pneumatic Element Co, Ltd., Zhaoqing Fangda pneumatic Co. Ltd., Camozzi Group, Wuxi Huatong Pneumatic Manufacture Co. Ltd., Easun Pneumatic Science & technology, and CNSNS and Others.

Pneumatic Components Market

Market Segmentation:

Pneumatic Components Market - By Component Type:

  • Air Treatment Components
  • Pneumatic Valves
  • Pneumatic Cylinders

Pneumatic Components Market - By Application:

  • Electronics
  • Chemical Industry
  • Machinery
  • Others

Market Regional Analysis:

  • North America - U.S, Canada

  • Europe - UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

  • Asia Pacific - India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

  • Latin America - Brazil, Mexico, Argentina, Chile & Rest of LATAM.

  • Middle East & Africa - KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

The Asia-Pacific region is estimated to hold the largest market share during the foreseen period, owing to escalation investments being made by manufacturers towards electronics and other major applications. Moreover, with the regional government bodies focusing on infrastructural developments, there is immense scope for the expansion of the pneumatic components market in Asia-Pacific during the foreseen period. With the rapidly escalation commercial development combined with favorable government policies regarding FDI, the region is poised for significant investments from major manufacturers in the forthcoming years. Additionally, with escalation government initiatives in India, the scope of expansion and development of pneumatic components in the emerging markets is predicted to be immense during the foreseen period. The manufacturing costs in the Asia-Pacific countries of China and India are lower than those in the developed nations, which would drive the expansion of the pneumatic components market in this region during the foreseen period. North America will dominate the pneumatic components market due to the rising call of the these in automation industry while Asia-Pacific will expect to grow in the foreseen period of 2022 - 2027 due to prevalence of market players in China.

Impact of COVID-19 on Global Pneumatic Components Market:

The global pneumatic Components Market is significantly impacted by the COVID-19 outbreak. During a pandemic, the government of several nations has imposed a lockdown that has caused the partial or temporary shutting down of the industries. The lockdown and travel restrictions have caused disruptions in supply chains that have affected pneumatic components markets. Also, due to the shutting down of industrial activities during this period has declined the use of pneumatic components which in turn affected the demand as well as market growth of pneumatic components. Lockdown and social distancing protocols have led to the unavailability of workforces and raw materials, therefore factories around the world have faced many challenges to produce these components. Owing to these reasons the demand for pneumatic components during the COVID-19 outbreak has decreased. But industrial activities have started recovering in 2021 and it is expected that the demand for pneumatic components will increase in the projected period.

Market Key Players:

The Prominent Players in the Global Pneumatic Components Market are

  1. Festo SE & Co. KG
  2. Bosch Rexroth AG
  3. SMC Corporation
  4. Airtac International Group
  5. Norgren, Inc
  6. Ckd Corp
  7. Parker Hannifin Corporation
  8. JELPC (Ningbo Jiaerling Pneumatic Machinery Co., Ltd
  9. Fenghua Yaguang Pneumatic Element Co, Ltd
  10. Zhaoqing Fangda pneumatic Co. Ltd
  11. Camozzi Group
  12. Wuxi Huatong Pneumatic Manufacture Co. Ltd
  13. Easun Pneumatic Science & technology
  14. CNSNS

Recent Developments:

  • In January 2021, Honeywell and Satair (a global leader in the commercial aerospace aftermarket) signed a multi-year commercial agreement. The agreement includes the exclusive global distribution for mechanical and air thermal components that are used on Airbus 320, A330, sA340, and A380 Aircraft. It is first joint agreement which expands long term and successful business relations between both the companies.
  • In the beginning of 2021, the Delta line SA and Helix Linear Technologies has announced that they have developed a global strategic partnership. This partnership combines Delta Line’s motion solutions products and services with Helix Linear’s engineering and its potential of advanced manufacturing in linear motion systems

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Pneumatic Components Market, By Type                   

                             6.1.1 Air Treatment Components           

                             6.1.2 Pneumatic Valves

                             6.1.3 Pneumatic Cylinders          

                             6.1.4 Market Size Estimations & Forecasts (2022 - 2027) 

                             6.1.5 Y-o-Y Growth Rate Analysis            

                             6.1.6 Market Attractiveness Index          

              6.2 Pneumatic Components Market, By Application                      

                             6.2.1 Electronics             

                             6.2.2 Machinery             

                             6.2.3 Chemical Industry

                             6.2.4 Market Size Estimations & Forecasts (2022 - 2027) 

                             6.2.5 Y-o-Y Growth Rate Analysis            

                             6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2022 - 2027)

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Type    

                             7.2.3 By Application      

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Type    

                             7.3.3 By Application      

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Type    

                             7.4.3 By Application      

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Type    

                             7.5.3 By Application      

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Type    

                             7.6.3 By Application      

8. Key Player Analysis                                

              8.1 Festo SE & Co. KG                  

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 Bosch Rexroth AG                 

              8.3 SMC Corporation                   

              8.4 Airtac International Group                

              8.5 Norgren, Inc                           

              8.6 Ckd Corp                   

              8.7 Zhaoqing Fangda pneumatic Co. Ltd              

              8.8 Camozzi Group                      

              8.9 JELPC                          

              8.10 Fenghua Yaguang Pneumatic Element Co, Ltd                        

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  1. Global Pneumatic Components Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Pneumatic Components Market By Type, From 2022 - 2027 ( USD Billion )
  3. Global Air Treatment Components Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Pneumatic Valves Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Pneumatic Cylinders Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Pneumatic Components Market By Application, From 2022 - 2027 ( USD Billion )
  7. Global Electronics Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Machinery Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Chemical Industry Market By Region, From 2022 - 2027 ( USD Billion )

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