Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Different factors are considered in determining the dynamics and growth direction of the Smart Pneumatics Market. One of these factors is rapidly evolving technology that has led to increased automation across industries. This has resulted in increased demand for smart pneumatics systems, which combine sensors with control systems, as industries seek to operate efficiently and at low cost. Furthermore, there is a focus on energy-efficient smart pneumatics that has also positively impacted their market growth rates. As awareness about environmental sustainability grows and the need arises for reduced energy consumption, manufacturing sectors are adopting equipment such as smart pneumatic systems that save electricity consumed for power-balancing purposes. These devices combine certain valve features with sensors, making this possible, which would otherwise be impossible, hence allowing companies to satisfy their eco-friendly objectives while reducing operational costs.
The growing market can also be attributed to technological advancements and innovations in pneumatic systems. Manufacturers are always working on bettering the functions of smart pneumatic solutions, such as predictive maintenance capabilities and remote monitoring. Market determinants are greatly affected by regulatory standards and directives, too. Governments and regulatory authorities worldwide have been keen on ensuring safety at places of work, including adherence to environmental conservation measures, forcing manufacturers into investing in smart pneumatic schemes that conform to these standards. Thus, an increase in operational efficiency and safer workplace conditions underlie the popularity of smart pneumatics among companies.
The smart pneumatics market is driven significantly by the Industry 4.0 trend, which has marked the introduction of digital technologies within industrial operations. The fourth industrial revolution encouraged the development of intelligent factories where devices communicate in real-time with one another, as well as machines being highly automated, having Humans supervising them only when necessary. Other market determinants mirror the influence exerted by different end-user industries on this market's performance, indicating a higher demand for smart pneumatics from manufacturing, automotive, food & beverages processing firms, plus healthcare providers striving to improve operating efficiencies and remain competitive within their respective domains. Its adaptability means many applications across sectors such as manufacturing, automotive, food and beverage, and healthcare have been facilitated through smart pneumatics, making them well accepted.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2023 | USD 3.3325 billion |
| Growth Rate | 6.53%(2024-2032) |
Smart Pneumatics Market Highlights:
Global Smart Pneumatics Market Overview:
Smart Pneumatics Market Size was valued at USD 3.3325 Billion in 2023. The Smart Pneumatics industry is projected to grow from USD 3.5824 Billion in 2024 to USD 5.9434 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.53% during the forecast period (2024 - 2032). The emergence of the Internet of Things (IoT) across the industry and growing knowledge of predictive maintenance among companies are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Smart Pneumatics Market Trends
-
Smart pneumatic actuators are driving the market growth
The smart pneumatics market is segmented by product, type, industry and region. The smart pneumatic actuator segment is expected to hold the largest market share by 2023. Controller. The collected data provides monitoring to determine if the actuator is performing as expected. In addition to pneumatic valves and actuators, the market also includes modules or platforms for monitoring operations and operations. The module communicates with the sensors of the pneumatic system via the I/O link, allowing the user to predict problems before they cause the machine to malfunction. This factor drives the market CAGR.
Additionally, the smart pneumatics market is experiencing growth due to the rising implementation of the Internet of Things (IoT) across different industries. This trend is a significant driver for the industry's expansion. The Internet of Things (IoT) industry has become a leader by integrating smart technologies into traditional products. Pneumatic systems have been popular in industry in the past due to their speed and reliability. On the other hand, IoT extends the functionality of pneumatic devices by allowing them to generate data for the analysis process during intelligent pneumatic work. This information helps control energy consumption and thus lowers costs for manufacturers. Thus, driving the smart pneumatics market revenue.
Smart Pneumatics Market Segment Insights:
Smart Pneumatics Type Insights
The Smart Pneumatics Market segmentation, based on type, includes Smart Pneumatic Valves, Smart Pneumatic Actuator, and Smart Pneumatic Module. The smart pneumatic valve segment dominated the market; Intelligent pneumatic actuators use sensors and other electronic devices to provide functional feedback (such as speed, force, end of stroke, stroke length, and cycle time) to the controller. The collected data provides monitoring to determine if the actuator is performing as expected. In addition to pneumatic valves and actuators, the market also includes modules or platforms for monitoring operations and operations. The module communicates with the sensors of the pneumatic system via the I/O link, allowing the user to predict problems before they cause the machine to malfunction.
Smart Pneumatics Component Insights
The Smart Pneumatics Market segmentation, based on Components, includes Hardware, Software. The software segment dominates the market; the raw data extracted from the hardware is collected, processed and analyzed by the software. There are many solutions on the market that use different technologies, but most of them have some functionality such as data integration, analysis review, evaluation and evaluation. Developers focus on providing maintenance services to extract and analyze data.
Figure 1: Smart Pneumatics Market, by Component, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Smart Pneumatics End-Users Insights
The Smart Pneumatics Market segmentation, based on End-Users, includes Automotive, Oil & Gas, Food & Beverage, and Energy & Power. The automotive segment dominated the market. The number of cars produced every day by the global auto industry is growing rapidly. Machines on the production site require proper maintenance to shorten production cycles and increase output. Intelligent pneumatic systems play an important role in increasing the efficiency of the production process. Automakers are also using IoT systems to improve energy efficiency and monitor assets. This opens up great potential for wisdom.
Smart Pneumatics Regional Insights
Segmented by region, the study provides market insights for North America, Europe, Asia Pacific and the rest of the world. The North American smart pneumatics industry will thrive thanks to advanced technology and advanced manufacturing. These factors lead to the growth of the economy in this area.
In addition, major countries examined in the market report include the United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea and Brazil.
Figure 2: GLOBAL SMART PNEUMATICS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Smart Pneumatics market accounts for the second-largest market share due to the increased investments in new facilities in industries such as oil and gas, steel, electricity, and petrochemicals. Further, the German Smart Pneumatics market held the largest market share, and the UK Smart Pneumatics market was the largest-growing market in the European Region.
The Asia Pacific smart pneumatics market is projected to grow at the fastest YBBO from 2024 to 2032. This is due to the advancement of industry-wide smart manufacturing, or Industry 4.0, which is being developed to have a huge demand for smart pneumatics in the region. Also, China’s smart pneumatics industry holds the largest market, and India's smart pneumatics industry is the largest in the Asia-Pacific region.
Smart Pneumatics Key Market Players & Competitive Insights
Leading manufacturers are investing heavily in research and development to expand their products that will help the smart pneumatics industry grow further. Entrepreneurs are also undertaking various activities to expand their global footprint, and key business development activities include new product development, contract deals, joint venture mergers and acquisitions, increased investment and collaboration with other organizations. The pneumatic industry must provide the products necessary to grow and survive in a more competitive and evolving business environment.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer’s uses in the global Smart Pneumatics industry to benefit clients and increase the market sector. The Smart Pneumatics industry has offered some of the most significant advantages in recent years. Major players in the Smart Pneumatics market, including Emerson Electric Co. (US), Festo Corporation (US), Parker Hannifin Corporation (US), Bimba Manufacturing Co. (US), Rotork PLC (UK), Rotex Automation Limited (India), Thomson Industries Inc. (US), Aventics GmbH (Germany), Cypress Enviro Systems Corp (US), Ningbo Smart Pneumatic Co. Ltd (China)., and Other companies are trying to meet their business needs by investing in R&D activities.
Parker Hannifin Corporation(Parker Hannifin Corporation), formerly Parker Appliance Company (Parker Appliance Company), commonly referred to as Parker (Parker), is an American company specializing in motion and control technology. It is headquartered in Mayfield Heights in Greater Cleveland, Ohio.Parker Hannifin has added advanced technology and capabilities to its H-Series ISO valve platform as part of its global focus on factory automation. Featuring a new universal manifold design, the new valves can mix ISO 02, 01, 1 and 2 valve sizes on a single universal manifold without the need for replacement. This capability allows for greater dimensions in the field, and the ISO design allows for easy replacement or replacement of valve and manifold components.
Established in 1950, the Ham-Let Group has become a leading manufacturer and supplier of instrumentation solutions, valves, fittings, and systems for the ultra-high purity and process industries. Business, products and capabilities. Ham-Let Group presents the first smart valve with internet connection. The company has incorporated cloud technology into its products to improve reliability, reduce costs, and open up new possibilities that were previously too expensive or difficult to implement. As a leading oil and gas company, Ham-Cia continues to offer unique solutions that deliver the best results at total cost of ownership.
Key Companies in the Smart Pneumatics market include
-
Parker Hannifin Corporation (US)
-
Emerson Electric Co. (US)
-
Bimba Manufacturing Co. (US)
-
Rotex Automation Limited (India)
-
Rotork PLC (UK)
-
Festo Corporation (US)
-
Thomson Industries Inc. (US)
-
Cypress EnviroSystems Corp (US)
-
Ningbo Smart Pneumatic Co. Ltd (China)
-
Aventics GmbH (Germany)
Smart Pneumatics Industry Developments
Sep 2019: Parker Hannifin has enhanced its H-Series ISO valve platform with advanced technology and capabilities, aligning with its worldwide emphasis on factory automation. With a newly introduced universal manifold design, these valves have the ability to combine ISO 02, 01, 1, and 2 valve sizes on a single universal manifold without requiring replacements. This feature enables increased flexibility in the field, while the ISO design ensures effortless replacement or substitution of valve and manifold components.
Dec 2018: The inaugural internet-enabled valve is being introduced by Ham-Let Group. By integrating cloud technology into their products, the company aims to enhance dependability, minimize expenses, and unlock fresh opportunities that were once prohibitively costly or logistically challenging. Ham-Cia, a prominent player in the oil and gas industry, persists in providing exceptional solutions that yield optimal outcomes while considering overall ownership expenses.
Smart Pneumatics Market Segmentation:
Smart Pneumatics Type Outlook
-
Smart Pneumatic Valve
-
Smart Pneumatic Actuator
-
Smart Pneumatic Module
Smart Pneumatics Component Outlook
-
Hardware
-
Software
Smart Pneumatics End-Users Outlook
-
Automotive
-
Oil & Gas
-
Food & Beverage
-
Energy & Power
Smart Pneumatics Regional Outlook
-
North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
