Share on

Pneumatic Components Market Research Report - Segmentation By Type (Air Treatment Components, Pneumatic Valves, Pneumatic Cylinders), By Application (Electronics, Chemical Industry, Machinery, Others), and Region – Global Industry Forecast | 2024 to 2029

Published: March, 2023
ID: 10153
Pages: 175
Formats: report pdf report excel report power bi report ppt

Pneumatic Components Market Size (2024 - 2029):

The Global Pneumatic Components Market was estimated at US$ 15.95 billion in 2023, and it is expected to reach a revised size of US$ 20.72 billion by 2029, with a CAGR of 5.38% over the foreseen period of 2024 - 2029.

MARKET OVERVIEW:

Pneumatic components are the parts that are assembled to make pneumatic devices or pneumatic systems. Pneumatic systems include pneumatic components such as a 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 are used to control and transmit energy that 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 the enhancement of the components and increases system reliability and service life. There is a 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 for the safety of the food and beverages industry. The pneumatic components help in controlling. The food and beverage industry has shown a significant rise in the adoption of huge volumes of pneumatic components for a variety of applications. The demand for pneumatic components is increasing in order to enhance machine safety as well as performance. The demand for the 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 the manufacturing and development of other products.

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

Furthermore, with the rapid adoption of advanced technologies such as the 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:

The increasing necessity of large investments along with the lack of government policies is 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 on 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

2023 – 2029

Base Year

2023

Forecast Period

2024 - 2029

CAGR

5.38%

Segments Covered

By Component Type, Application, and Region.

 

Various Analyses Covered

Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of 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.

 

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, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, and the 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 rapid escalation of commercial development combined with favourable government policies regarding FDI, the region is poised for significant investments from major manufacturers in the forthcoming years. Additionally, with the escalation of government initiatives in India, the scope of expansion and development of pneumatic components in 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 in automation industry while Asia-Pacific will expect to grow in the foreseen period of 2022 - 2027 due to the prevalence of market players in China.

Impact of COVID-19 on the 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 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, the use of pneumatic components 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

Market Key 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 of mechanical and air thermal components that are used on Airbus 320, A330, sA340, and A380 Aircraft. It is the first joint agreement that expands long-term and successful business relations between both companies.
  • At the beginning of 2021, Delta Line SA and Helix Linear Technologies 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 for advanced manufacturing in linear motion systems.

Please wait. . . . Your request is being processed

FAQ's

1. What is the Pneumatic Components Market growth rate during the projection period?

The Global Pneumatic Components Market is expected to grow with a CAGR of 5.38% between 2024-2029.

2. What can be the total Pneumatic Components Market value?

The Global Pneumatic Components Market size is expected to reach a revised size of US$ 20.72 billion by 2029.

3. Name any three Pneumatic Components Market key players?

JELPC (Ningbo Jiaerling Pneumatic Machinery Co., Ltd, Fenghua Yaguang Pneumatic Element Co, Ltd, Zhaoqing Fangda pneumatic Co. Ltd are the three Pneumatic Components Market key players.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]