We are monitoring the impact of COVID-19 on Smart Pneumatics Market Get in touch with us for detailed analysis Know More
Pulished Date May, 2021
ID: 11576
Share on
Share on

Smart Pneumatics Market segmentation by Type (smart pneumatic valve, smart pneumatic actuator, and smart pneumatic module) By Component (hardware, software) By End User (automotive, oil & gas, food & beverage, energy & power, and others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: May, 2021
ID: 11576
Pages: 175

Smart Pneumatics Market Size, Trends & Growth (2021 - 2026)

Smart tires are progressed pneumatic hardware equipped for creating constant information while the gadget is in activity. This constant information generation has helped gadget administrators and specialists see how each piece of hardware functions under various conditions. Smart tires are rapidly replacing conventional pneumatic devices due to this simultaneous registration and maintenance feature. It also helped operators / engineers locate the exact problem and save maintenance time and costs. Although smart pneumatic systems are quite expensive, some Tier 1 manufacturers have already adopted these devices and are benefiting from their features.

One of the key theories guiding the future of pneumatics is the overall efficiency of your equipment, which is improved through a better understanding of machine systems and processes. While the emphasis is on electronic and digital control of automated systems, this does not necessarily preclude a future for pneumatics, as many of the hardware components of the pneumatic system can adapt their designs and processes to incorporate the factors IIoT in your operation. Researchers are studying advanced electronic data collection systems, for example, using thin sheets. These sheets could be appended like names to a pneumatic chamber, where they would gather tactile and use information and communicate it remotely to an observing organization.

Recent Developments:

  • IMI agrees to acquire Bimba Manufacturing
  • Bimba Manufacturing, a leading innovator in actuation technology, today announced the introduction of IntelliSense®, a technology platform that will allow users to be proactive in maintaining and optimizing the system. IntelliSense®, a one-of-a-kind advancement in pneumatics, combines sensors, cylinders, and software to provide real-time performance data, improving productivity without sacrificing quality or efficiency.
  • Eaton receives an environmental award.
  • With the new Smart MechatroniX arrangement stage that joins the best segments of linear motion innovation with hardware and programming, Bosch Rexroth reacts to advertise patterns in mechanical computerization while in transit to the industrial facility of things to come. The subsequent arrangements can be utilized in a wide assortment of fields. In addition to the fact that they allow fast dispatching, however they additionally offer full cycle straightforwardness and assurance brief timeframe to market and high profitability.

Drivers and Restraints of Smart Pneumatics Market:

Drivers:

Smart tires are heavily influenced by driving factors such as increased awareness of predictive maintenance, penetration of digitization and IIOT, demand for smart tires due to remote monitoring capabilities, the need for wireless infrastructure to maintain / monitor equipment in factories and strict environmental and safety regulations in the energy industry it stimulates market growth.

Restraints:

Be that as it may, the high introductory interests in valve projects, the absence of a typical stage for ZigBee, Profibus and Ethernet, and the absence of normalized accreditations and government strategies are adversely affecting the development of this market in the current market situation.

Smart Pneumatics Market Segmentation:

By Type:

  • Smart pneumatic valve
  • Smart pneumatic actuator
  • Smart pneumatic module

By Component:

  • Hardware
  • Software

By End User:

  • Automotive
  • Oil and gas
  • Food and beverage
  • Energy and power
  • Others

With increasing demand for energy in the long term but quite volatile in the short term, the oil and gas industry faces many challenges throughout its value chain and there is a need for a major 'technology revolution' or upgrade. Huge ventures to improve security, productivity and intensity. Process instrumentation is a necessary piece of any cycle industry, empowering constant estimation and control of interaction factors like levels, stream, pressure, temperature, pH, and humidity. Adjusting actuators give advanced situating exactness to control valves to unequivocally change course through pipes. In the upstream segment, it is for the flow of crude oil and natural gas; in the middle segment, it is for the storage and transportation of resources. In the downstream section, this is the unrefined petroleum refining measure. Because of the criticality of stream estimations, makers persistently grow new highlights for troublesome and extreme applications. One sort of flowmeter utilized in a wide scope of mechanical areas is the Coriolis savvy mass flowmeter, in which a few cycle factors like mass stream, thickness, and temperature are all the while estimated, giving exact data on other stream boundaries measures, for example, volumetric stream rate, concentration, and so forth.

Smart Pneumatics Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada

On the other hand, North America is also expected to create potential growth in this market, as there is significant use of automation technologies and advanced manufacturing techniques.

  1. Europe
    1. Norway
    2. Germany
    3. Sweden
  2. Asia Pacific
    1. China
    2. India
    3. Japan

Asia-Pacific is expected to dominate the smart tire market during the projected period. The increasing adoption of smart manufacturing or Industry 4.0 in various industries has created huge growth opportunities in this market. Additionally, strict government regulations on personal and workplace safety, increasing focus on optimal use of assets, and strict quality control in the chemical, semiconductor, construction, and chemical industries. Automotive and food and beverage companies are accelerating the growth of smart pneumatics systems in this region.

  1. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  2. Middle East and Africa

a. Middle East

b. Africa

Key Players of Market:

  • Bimba Manufacturing Company
  • Bosch Rexroth AG
  • Eaton
  • Emerson Electric Co
  • Festo Group
  • Ingersoll-Rand plc,
  • Metso Corporation
  • PARKER HANNIFIN CORP
  • Rotork
  • Thomson Groups

IMPACT OF COVID-19 ON SMART PNEUMATICS MARKET:

The emergence and rapid spread of the new coronavirus has paralyzed many countries. The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has prompted governments around the world to impose strict restrictions on vehicles and the movement of people. Due to travel bans, mass closures, and business closures, the pandemic is adversely affecting economies and countless industries in various countries. The imposition of foreclosure has resulted in a reduction in the production of commodities, goods and services. The manufacturing, automotive, semiconductor and electronics, oil and gas, mining, aviation and other sectors are experiencing a decline in their activities due to the temporary cessation of activities. Miniature tire market players are also experiencing a slowdown in volumes as manufacturing plants operate with limited manpower, which is dragging the market down. Additionally, the temporary closure of several factories resulted in a reduction in system purchases across industries during the first quarter of 2020. The COVID-19 outbreak could also have its impact in the first six months of 2021. Amidst the COVID-19 crisis, the smart tire market, estimated at US $ 3.6 billion in 2020, is expected to reach a revised size of US $ 5.2 billion by 2026, growing at a CAGR of 5.3% during the 2020-2026 period. Hardware, one of the segments analyzed in the report, is expected to register a CAGR of 4.7% and reach US $ 3.2 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the software and services segment is readjusted to a revised CAGR of 6.3% for the next 7-year period.

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 Smart Pnematics Market, By Type              

                    6.1.1 Smart pneumatic valve       

                    6.1.2 Smart pneumatic actuator  

                    6.1.3 Smart pneumatic module   

                    6.1.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Smart Pnematics Market, By Component              

                    6.2.1 Hardware       

                    6.2.2 Software        

                    6.2.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Smart Pnematics Market, By End-User                  

                    6.3.1 Automotive    

                    6.3.2 Oil and gas    

                    6.3.3 Food and beverage   

                    6.3.4 Energy and power    

                    6.3.5 Others 

                    6.3.6 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.7 Y-o-Y Growth Rate Analysis         

                    6.3.8 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 Component         

                    7.2.4 By End-User   

          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 Component         

                    7.3.4 By End-User   

          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 Component         

                    7.4.4 By End-User   

          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 Component         

                    7.5.4 By End-User   

          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 Component         

                    7.6.4 By End-User   

8. Key Player Analysis                           

          8.1 Bimba Manufacturing Company                 

                    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 Eaton               

          8.4 Emerson Electric Co              

          8.5 Festo Group                

          8.6 Ingersoll-Rand plc,               

          8.7 Metso Corporation                

          8.8 PARKER HANNIFIN CORP                  

          8.9 Rotork              

          8.10 Thomson Groups                

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 type, by application, by end-user, 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 demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with 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 market
  1. Global Smart Pneumatics Market By Region, From 2021-2026 ( USD Billion )
  2. Global Smart Pneumatics Market By Type, From 2021-2026 ( USD Billion )
  3. Global Smart pneumatic valve Market By Region, From 2021-2026 ( USD Billion )
  4. Global Smart pneumatic actuator Market By Region, From 2021-2026 ( USD Billion )
  5. Global Smart pneumatic module Market By Region, From 2021-2026 ( USD Billion )
  6. Global Smart Pneumatics Market By Component, From 2021-2026 ( USD Billion )
  7. Global Hardware Market By Region, From 2021-2026 ( USD Billion )
  8. Global Software Market By Region, From 2021-2026 ( USD Billion )
  9. Global Smart Pneumatics Market By End-User, From 2021-2026 ( USD Billion )
  10. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  11. Global Oil and gas Market By Region, From 2021-2026 ( USD Billion )
  12. Global Food and beverage Market By Region, From 2021-2026 ( USD Billion )
  13. Global Energy and power Market By Region, From 2021-2026 ( USD Billion )
  14. Global Others Market By Region, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample