The global demand for Smart Pneumatics Market is presumed to reach the valuation of nearly USD XX.X MN by 2026 from USD XX.X MN in 2019 with a CAGR of X.XX% under the study period of 2020- 2026. Whereas with regards to volume, the market was calculated XXX Units in 2019 and foreseen to touch XXX Units by 2026 with a CAGR of X.X% during 2020-2026.
The smart pneumatic is a system used in several industries especially in production facilities. These are usually powered by compressed air or compressed inactive gases to transmit and control power. The system minimizes the risk of machine downtime and substantially reduce the operating costs. Basically, it is utilized for its simplicity, reliability, speed, and power.
The growing penetration of digitization and IIoT (Industrial Internet of Things) along with increasing demand for smart pneumatics due to remote monitoring capabilities is primarily driving the market growth. Need for wireless infrastructure to maintain/monitor equipment in plants are again accelerating the market growth. However, high initial investments in valve projects and lack of standardized certifications and government policies are expected to hamper the market growth. Whereas, technological innovations with improved capabilities and the emergence of artificial intelligence and machine learning are likely to create potential demand over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of smart pneumatics.
The entire smart pneumatics market has been sub-categorized into component, type, and industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Software & Services
- Smart Pneumatic Valves
- Smart Pneumatic Actuators
- Smart Pneumatic Modules
- Oil & Gas
- Energy & Power
- Water & Wastewater
- Food & Beverages
This section covers regional segmentation which accentuates on current and future demand for smart pneumatics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Smart Pneumatics Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the smart pneumatics market include Advanced Pneumatics, Basso Industry Corp., Bimba Manufacturing, Bosch Rexroth, Chicago Pneumatic, Emerson Electric, Mesto, Parker Hannifin, Rotork, Thomson Industries and Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.