Global Smart Pneumatics Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The global smart pneumatics market was valued at USD 3.14 billion in 2017 and is expected to reach USD 4.76 billion by the end of the forecast period at a CAGR of 7.5%.
The key players in the smart pneumatics market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are 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 EnviroSystems Corp. (US), Ningbo Smart Pneumatic Co. Ltd (China). These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 30%–35% in the smart pneumatics market
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- System integrators
- Electronic Component Manufacturers
- Service Providers
- Resellers and Distributors
- Consultancy and advisory firms
- Government Agencies
- Consulting Firms
- Research Institutes and Organizations
- Technology Standards Organizations
According to Market Research Future, the global Smart Pneumatics Market has been segmented into type, component, end user, and region.
By type, the smart pneumatic market has been segmented into smart pneumatic valve, smart pneumatic actuator, and smart pneumatic module. Among the type of pneumatic devices, the smart pneumatic valve is highly used in the oil & gas sector, and the food processing industry. The high use of these smart pneumatic valves in these industries for increasing productivity, reducing machine maintenance cost, and increasing the uptime of machines is boosting the market dominance of smart pneumatic valve.
By component, the smart pneumatic market has been segmented into hardware, and software. Hardware is further segmented into sensor, and communication equipment. The software segment has been further segmented into data integration software, diagnostic reporting, and parameter calculation. Among hardware and software, the hardware segment dominated the market by component. Further, sensors in hardware dominate the market by a huge marginal difference as these sensors are the devices that collect real-time data for the operators to manage the device. Moreover, the hardware segment is also expected to grow with the highest CAGR during the forecast period.
By end user, the smart pneumatic market has been segmented into automotive, oil & gas, food & beverage, energy & power, and others. Among the end users mentioned above, the oil & gas sector holds the largest market share. The oil & gas sector uses a number of equipment that require constant monitoring and maintenance. Smart pneumatic devices help in real-time data collecting for increasing the life-cycle of machines. On the other hand, the food & beverage sector has shown a high usage of smart pneumatic owing to the increased demand for processed food.
By region, the smart pneumatics market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among the regions, Asia-Pacific holds the largest market share and is also expected to be growing with the highest CAGR. While Asia-Pacific dominates the smart pneumatics market, Europe has successfully managed to acquire the third spot in terms of revenue generation. Although the number of companies active in the smart pneumatics market is limited, there is a significant presence of companies supplying components for pneumatic systems. Moreover, the entry of new players in the market has become easier in the Europe due to flexible policies concerning the ease of conducting business. The major factor that has slowed down the growth of Europe in semiconductor and electronic industry is the exit of the UK from European Union, which has left Germany to be the leader in this region.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of Smart Pneumatics
5 Market Landscape
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
LIST OF TABLES
Table 1 Global Smart Pneumatics Market, By Type, 2018–2023
Table 2 Global Smart Pneumatics Market, By Component, 2018–2023
Table 3 Global Smart Pneumatics Market, By End User, 2018–2023
Table 4 Global Smart Pneumatics Market, By Region, 2018–2023
Table 5 North America: Smart Pneumatics Market, By Country, 2018–2023
Table 6 North America Smart Pneumatics, Market, By Type, 2018–2023
Table 7 North America Smart Pneumatics, Market, By Component, 2018–2023
Table 8 North America Smart Pneumatics, Market, By End User, 2018–2023
Table 9 US Smart Pneumatics, Market, By Type, 2018–2023
LIST OF FIGURES
FIGURE 1 Global Smart Pneumatics Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Smart Pneumatics Market
FIGURE 4 Value Chain Of Global Smart Pneumatics Market
FIGURE 5 Share Of Global Smart Pneumatics Market In 2017, By Country (In %)
FIGURE 6 Global Smart Pneumatics Market, 2018–2023
FIGURE 7 Sub-Segments Of Type
FIGURE 8 Global Smart Pneumatics Market Size, By Type, 2017
FIGURE 9 Share Of Global Smart Pneumatics Market, By Type, 2018 To 2023
FIGURE 10 Sub-Segments Of Component
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