The global pneumatic components market is predicted to reach $ 13.7 billion by 2026, with an expanding rate of 6.3% during the foreseen period of 2021 to 2026.
The food and beverage industry has witnessed the adoption of a number of pneumatic systems for multiple applications. Pneumatic components are part of pneumatic engineering and use gas or compressed air. They are broadly employed in industrial automation and generally operate with compressed air. Pneumatic components include actuators, valves, cylinders, and accessories. The main advantages of these components are the infinite availability of the source (compressed air), ease of ducting, safety, ease of storage and use. The demand for pneumatic components is predicted to increase significantly during the foreseen period.The escalation of pneumatic components to avoid food contamination, the increasing use of pneumatic actuators and control valves in the automation industry, the adoption of robotic technology, increased awareness of predictive maintenance is likely to improve the expansion of the global pneumatic components market over the foreseen period 2021-2026. The introduction of artificial intelligence along with increased research activities will further open up several opportunities which will lead to the expansion of the pneumatic components and systems market during the envisioned period.
New pneumatic products from RS Components. digital pneumatics product hub provides a variety of pneumatic components and tools. Other resources present on the site are product information, selection guides and expert suggestions through the firm’s DesignSpark online engineering community.
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.
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.
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.
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.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2020 – 2025 |
|
Base Year |
2020 |
|
Forecast Period |
2021 - 2026 |
|
CAGR |
6.3% |
|
Segments Covered |
By Product, Type, Consumption, Distribution Channel 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. |
By type:
By application:
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 2021-2026 due to prevalence of market players in China.
The Prominent Players in the Global Pneumatic Components Market are 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.
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 (2019-2024)
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 (2019-2024)
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 (2018 - 2024)
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
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the marketa
Global Pneumatic Components Market By Region, From 2021-2026 ( USD Billion )
Global Pneumatic Components Market By Type, From 2021-2026 ( USD Billion )
Global Air Treatment Components Market By Region, From 2021-2026 ( USD Billion )
Global Pneumatic Valves Market By Region, From 2021-2026 ( USD Billion )
Global Pneumatic Cylinders Market By Region, From 2021-2026 ( USD Billion )
Global Pneumatic Components Market By Application, From 2021-2026 ( USD Billion )
Global Electronics Market By Region, From 2021-2026 ( USD Billion )
Global Machinery Market By Region, From 2021-2026 ( USD Billion )
Global Chemical Industry Market By Region, From 2021-2026 ( USD Billion )
