Smart Pneumatics Market

Smart Pneumatics Market Research Report
By Forecast 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)

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Smart Pneumatics Market Forecast To 2023
Smart Pneumatics Market Forecast To 2023
• The global smart pneumatics market was worth USD 3.14 billion in 2017 and could touch the
valuation of USD 4.76 billion by 2023, says Market Research Future (MRFR). It is projected to
achieve a CAGR of 7.5% during the forecast period (2018-2023).
• Smart pneumatic systems that form an integral part of any industry are generally powered by
compressed air to transmit and control power. A pneumatic system that is organized using manual
or automatic solenoid valves is chosen when it delivers a lower cost, highly flexible, or safer
alternative to electric motors as well as actuators. Pneumatic tube systems help reduce personnel
costs as the errands are automated, in addition to the surge in the consistency of transport
processes.

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Smart Pneumatics Market Forecast To 2023
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• The smart pneumatic market has gained momentum in recent years with the penetration of
digitization as well as IIoT as the latter’s incorporation lets the companies connect sensors to
observe parameters such as temperature, noise, and vibration. IIoT helps enable a single platform
where companies are able to incorporate all the data and then process them as needed. Apart from
this, mounting awareness with regard to predictive maintenance and the need for wireless
infrastructure to monitor tools within a plant benefits the global market.
• With that said, nonexistence of standardized certifications could prove to be a challenge for the
smart pneumatics market in the coming years. On the bright side, smart pneumatic market is
brimming with a host of opportunities as the future can expect technical inventions with higher
capabilities. In addition, initiation of artificial intelligence and machine learning could ensure the
market growth is smooth in the near future.

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Smart Pneumatics Market Forecast To 2023
Global Smart Pneumatics Market Segmented on the basis of
The worldwide market for smart pneumatics has been segmented on the basis of type, component and
end-user.
With respect to the type, the smart pneumatic market has been considered for smart pneumatic valve,
smart pneumatic actuator, and smart pneumatic module.
Component-based segments mentioned in the report are hardware and software. Hardware is further
segmented into sensor and communication equipment. The software segment can be narrowed down to
data integration software, diagnostic reporting, and parameter calculation.
Depending on the end-user, the smart pneumatic market caters to automotive, oil & gas, food & beverage,
energy & power, and others.

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Smart Pneumatics Market Forecast To 2023
Global Smart Pneumatics Market - Geographical Analysis
• The smart pneumatics market has been studied in the key regions of North America, Asia Pacific (APAC),
Europe, as well as the rest of the world (RoW).
• Asia Pacific could achieve the top position in the worldwide smart pneumatics market during the review
period. The market growth is in response to the rising adoption of smart manufacturing or Industry 4.0 across
various industries. Also, surging focus on ideal asset application, strict government regulations for the
workplace as well as personal safety works in favor of the market. Another growth-inducing factor in the
market include the tight superiority control in the semiconductor, automotive, food & beverages and
chemicals, industries.
• The mounting awareness about predictive maintenance along with high penetration of digitization and IIoT is
backing up the market growth in North America. Also, the need for wireless infrastructure to maintain and
monitor equipment in plants is expected to benefit the regional market in subsequent years.
• The Europe market is gaining traction with the rising adoption of smart factors, which gives way to increasing
use of pneumatic devices to control the flow mechanism of air within the pneumatic system. The advent of IIoT
and industry 4.0 in the region also boost market growth.
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Smart Pneumatics Market Forecast To 2023
Global Smart Pneumatics Market - Competitive Analysis
• Bimba Manufacturing Co. (US), Parker Hannifin Corporation (US), Rotork PLC (UK), Emerson Electric Co. (US),
Thomson Industries Inc. (US), Aventics GmbH (Germany), Festo Corporation (US), Rotex Automation Limited
(India), Cypress EnviroSystems Corp (US), Ningbo Smart Pneumatic Co. Ltd (China) are the top players in the smart
pneumatics market. Apart from these players, other companies contribute close to 30%–35% in the smart
pneumatics market.
• Browse Report @ https://www.marketresearchfuture.com/reports/smart-pneumatics-market-7589

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