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Global 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), and Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) and – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 11576
Pages: 175
Formats: report pdf report excel report power bi report ppt

Smart Pneumatics Market Size, Growth, Forecast (2022-2027)

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 in Smart Pneumatics Industry:

  • 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.

SMART PNEUMATICS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

xx%

Segments Covered

By Type, Component, End User, 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

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

 

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 Analysis:

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.

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.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Smart Pneumatics Market Region Analysis:

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.

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.

Key Players in the Market:

Major Key Players in the Global Smart Pneumatics Market are

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

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FAQ's

What can be the size of the global Smart Pneumatics Market by 2027?

By 2027, it is predicted that the global Smart Pneumatics market can reach a valuation of US$ xx billion.

What can be the compound annual growth rate of the global Smart Pneumatics market?

The Global Smart Pneumatics market can expand with a CAGR of xx% during the forecast period.

Mention the major Key Players in the Global Smart Pneumatics Market?

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

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