Smart Pneumatics Market Research Report – Global Forecast till 2027

Smart Pneumatics Market Research: Information by Type (Smart Pneumatic Valve, Smart Pneumatic Actuator, Smart Pneumatic Module), Component (Hardware, Software), End-User (Automotive, Oil & Gas, Food & Beverage, Energy & Power) — Global Forecast till 2027

ID: MRFR/SEM/6120-HCR | February, 2021 | Region : Global

Market Synopsis


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%.


Smart pneumatics are advanced pneumatic equipment that are capable of generating real-time data while the device is operating. This real-time data generation has helped the engineers and device operators to know how each equipment operates under different conditions. Smart pneumatics are rapidly replacing conventional pneumatic devices due to this feature of simultaneous record and maintenance. It has also helped the operators/engineers to locate the exact issue and save time and cost of maintenance. Although the smart pneumatic systems are quite expensive, certain tier-1 manufacturers have already adopted these devices and are benefitting from its features.


One of the prime factors contributing to the growth of smart pneumatics market is the increased advent of the Internet of Things (IoT) across industries. Industrial internet of things (IIoT) has taken over the industrial components by adding smart systems in the existing ones. The pneumatic systems used earlier in the industries were fast and reliable. However, the IIoT has further increased their capability by making the pneumatic devices generate the data for analytical operations. This data has helped in maintaining energy efficiency, resulting in less cost to the manufacturers. Moreover, the increased awareness of industrial manufacturers towards predictive maintenance is also boosting the market growth. However, the high amount of investment required for industrial valve projects and lack of universal standardization for smart pneumatic devices is limiting the market growth.


Segmentation


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.


By component, the smart pneumatic market is segmented into hardware and software. Hardware is further segmented into sensor, and communication equipment. The software segment has further been segmented into data integration software, diagnostic reporting, and parameter calculation.


By end user, the smart pneumatic market has been segmented into automotive, oil & gas, food & beverage, energy & power, and others.


By region, the smart pneumatics market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional Analysis


The global market for smart pneumatics is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the smart pneumatics market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).


Among the aforementioned regions, Asia-Pacific holds the largest market share in the global smart pneumatics market. The growth in this region is due to the increased amount of smart factories and manufacturers setting-up their base in India, China, and Indonesia. Moreover, the availability of resources at lower prices encourages manufacturers to invest in these regions. This has further led the companies to invest in the development of smart pneumatic devices.


Global Smart Pneumatics Market, USD Billion Smart Pneumatics Market


  Source: MRFR Analysis


Key Players


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.


Intended Audience



  • System integrators

  • OEMs/ODMs

  • Electronic Component Manufacturers

  • Service Providers

  • Resellers and Distributors

  • Consultancy and advisory firms

  • Government Agencies

  • Consulting Firms

  • Research Institutes and Organizations

  • Technology Standards Organizations

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

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis


7 Smart Pneumatics Market by Type

7.1 Introduction

7.2 Smart Pneumatic Valves

7.2.1 Market Estimates & Forecast, 2020–2027

7.3 Smart Pneumatic Actuators

7.3.1 Market Estimates & Forecast, 2020–2027

7.4 Smart Pneumatic Modules

7.4.1 Market Estimates & Forecast, 2020–2027

8 Smart Pneumatics Market by Component

8.1 Introduction

8.2 Hardware

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Sensors

8.2.2.1 Market Estimates & Forecast, 2020–2027

8.2.3 Communication Equipment

8.2.3.1 Market Estimates & Forecast, 2020–2027

8.3 Software

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Data Integration Software

8.3.2.1 Market Estimates & Forecast, 2020–2027

8.3.3 Diagnostic Reporting

8.3.3.1 Market Estimates & Forecast, 2020–2027

8.3.4 Parameter Calculation

8.3.4.1 Market Estimates & Forecast, 2020–2027

9 Smart Pneumatics Market by End User

9.1 Introduction

9.2 Automotive

9.2.1 Market Estimates & Forecast, 2020–2027

9.3 Oil & Gas

9.3.1 Market Estimates & Forecast, 2020–2027

9.4 Food & Beverage

9.4.1 Market Estimates & Forecast, 2020–2027

9.5 Energy & Power

9.5.1 Market Estimates & Forecast, 2020–2027

9.6 Others

9.6.1 Market Estimates & Forecast, 2020–2027

10 Smart Pneumatics Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, by Country, 2020–2027

10.2.2 Market Estimates & Forecast, by Type, 2020–2027

10.2.3 Market Estimates & Forecast, by Component, 2020–2027

10.2.4 Market Estimates & Forecast, by End User, 2020–2027

10.2.5 US

10.2.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.2.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.5.3 Market Estimates & Forecast, by End User, 2020–2027

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.2.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.6.3 Market Estimates & Forecast, by End User, 2020–2027

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, by Type, 2020–2027

10.2.7.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.7.3 Market Estimates & Forecast, by End User, 2020–2027

10.3 Europe

10.3.1 Market Estimates & Forecast, by Country, 2020–2027

10.3.2 Market Estimates & Forecast, by Type, 2020–2027

10.3.3 Market Estimates & Forecast, by Component, 2020–2027

10.3.4 Market Estimates & Forecast, by End User, 2020–2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.5.3 Market Estimates & Forecast, by End User, 2020–2027

10.3.6 France

10.3.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.6.3 Market Estimates & Forecast, by End User, 2020–2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.7.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.7.3 Market Estimates & Forecast, by End User, 2020–2027

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.8.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.8.3 Market Estimates & Forecast, by End User, 2020–2027

10.3.9 UK

10.3.9.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.9.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.9.3 Market Estimates & Forecast, by End User, 2020–2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, by Country, 2020–2027

10.4.2 Market Estimates & Forecast, by Type, 2020–2027

10.4.3 Market Estimates & Forecast, by Component, 2020–2027

10.4.4 Market Estimates & Forecast, by End User, 2020–2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.5.3 Market Estimates & Forecast, by End User, 2020–2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.6.3 Market Estimates & Forecast, by End User, 2020–2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.7.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.7.3 Market Estimates & Forecast, by End User, 2020–2027

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.8.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.8.3 Market Estimates & Forecast, by End User, 2020–2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, by Country, 2020–2027

10.5.2 Market Estimates & Forecast, by Type, 2020–2027

10.5.3 Market Estimates & Forecast, by Component, 2020–2027

10.5.4 Market Estimates & Forecast, by End User, 2020–2027

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.5.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.5.5.3 Market Estimates & Forecast, by End User, 2020–2027

10.5.6 Latin America

10.5.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.5.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.5.6.3 Market Estimates & Forecast, by End User, 2020–2027

11 Competitive Landscape

12 Company Profiles

12.1 Emerson Electric

12.1.1 Company Overview

12.1.2 Type/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategies

12.2 Festo

12.2.1 Company Overview

12.2.2 Type/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategies

12.3 Parker Hannifin

12.3.1 Company Overview

12.3.2 Type/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategies

12.4 Bimba Manufcatruing

12.4.1 Company Overview

12.4.2 Type/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategies

12.5 Rotork

12.5.1 Company Overview

12.5.2 Type/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategies

12.6 Rotex Automation Limited

12.6.1 Company Overview

12.6.2 Type/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategies

12.7 Thomson Industries

12.7.1 Company Overview

12.7.2 Type/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategies

12.8 AVENTICS GmbH

12.8.1 Company Overview

12.8.2 Type/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategies

12.9 Cypress Envirosystems

12.9.1 Company Overview

12.9.2 Type/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategies

12.10 Ningbo Smart Pneumatic Co. Ltd

12.10.1 Company Overview

12.10.2 Type/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategies

13 Conclusion

LIST OF TABLES

Table 1 Global Smart Pneumatics Market, by Type, 2020–2027

Table 2 Global Smart Pneumatics Market, by Component, 2020–2027

Table 3 Global Smart Pneumatics Market, by End User, 2020–2027

Table 4 Global Smart Pneumatics Market, by Region, 2020–2027

Table 5 North America: Smart Pneumatics Market, by Country, 2020–2027

Table 6 North America Smart Pneumatics, Market, by Type, 2020–2027

Table 7 North America Smart Pneumatics, Market, by Component, 2020–2027

Table 8 North America Smart Pneumatics, Market, by End User, 2020–2027

Table 9 US Smart Pneumatics, Market, by Type, 2020–2027

Table 10 US Smart Pneumatics, Market, by Component, 2020–2027

Table 11 US Smart Pneumatics Market, by End User, 2020–2027

Table 12 Canada Smart Pneumatics, Market, by Type, 2020–2027

Table 13 Canada Smart Pneumatics, Market, by Component, 2020–2027

Table 14 Canada Smart Pneumatics, Market, by End User, 2020–2027

Table 15 Mexico Smart Pneumatics, Market, by Type, 2020–2027

Table 16 Mexico Smart Pneumatics, Market, by Component, 2020–2027

Table 17 Mexico Smart Pneumatics, Market, by End User, 2020–2027

Table 18 Europe Smart Pneumatics Market, by Country, 2020–2027

Table 19 Europe Smart Pneumatics Market, by Type, 2020–2027

Table 20 Europe Smart Pneumatics Market, by Component, 2020–2027

Table 21 Europe Smart Pneumatics Market, by End User, 2020–2027

Table 22 Germany Smart Pneumatics Market, by Type, 2020–2027

Table 23 Germany Smart Pneumatics Market, by Component, 2020–2027

Table 24 Germany Smart Pneumatics Market, by End User, 2020–2027

Table 25 France Smart Pneumatics Market, by Type, 2020–2027

Table 26 France Smart Pneumatics Market, by Type, 2020–2027

Table 27 France Smart Pneumatics Market, by End User, 2020–2027

Table 28 UK Smart Pneumatics Market, by Type, 2020–2027

Table 29 UK Smart Pneumatics Market, by Component, 2020–2027

Table 30 UK Smart Pneumatics Market, by End User, 2020–2027

Table 31 Spain Smart Pneumatics Market, by Type, 2020–2027

Table 32 Spain Smart Pneumatics Market, by Component, 2020–2027

Table 33 Spain Smart Pneumatics Market, by End User, 2020–2027

Table 34 Italy Smart Pneumatics Market, by Type, 2020–2027

Table 35 Italy Smart Pneumatics Market, by Component, 2020–2027

Table 36 Italy Smart Pneumatics Market, by End User, 2020–2027

Table 37 Asia-Pacific Smart Pneumatics Market, by Country, 2020–2027

Table 38 Asia-Pacific Smart Pneumatics Market, by Type, 2020–2027

Table 39 Asia-Pacific Smart Pneumatics Market, by Component, 2020–2027

Table 40 Asia-Pacific Smart Pneumatics Market, by End User, 2020–2027

Table 41 China Smart Pneumatics Market, by Type, 2020–2027

Table 42 China Smart Pneumatics Market, by Type, 2020–2027

Table 43 China Smart Pneumatics Market, by End User, 2020–2027

Table 44 Japan Smart Pneumatics Market, by Type, 2020–2027

Table 45 Japan Smart Pneumatics Market, by Type

Table 46 Japan Smart Pneumatics Market, by End User, 2020–2027

Table 47 India Smart Pneumatics Market, by Type, 2020–2027

Table 48 India Smart Pneumatics Market, by Component, 2020–2027

Table 49 India Smart Pneumatics Market, by End User, 2020–2027

Table 50 Rest of Asia-Pacific Smart Pneumatics Market, by Type, 2020–2027

Table 51 Rest of Asia-Pacific Smart Pneumatics Market, by Component 2020–2027

Table 52 Rest of Asia-Pacific Smart Pneumatics Market, by End User, 2020–2027

Table 53 Rest of the World Smart Pneumatics Market, by Country, 2020–2027

Table 54 Rest of the World Smart Pneumatics Market, by Type, 2020–2027

Table 55 Rest of the World Smart Pneumatics Market, by Component, 2020–2027

Table 56 Rest of the World Smart Pneumatics Market, by End User, 2020–2027


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 2020, by Country (in %)

FIGURE 6 Global Smart Pneumatics Market, 2020–2027

FIGURE 7 Sub-segments of Type

FIGURE 8 Global Smart Pneumatics Market Size, by Type, 2020

FIGURE 9 Share of Global Smart Pneumatics Market, by Type, 2020 to 2027

FIGURE 10 Sub-segments of Component

FIGURE 11 Global Smart Pneumatics Market Size, by Component, 2020

FIGURE 12 Share of Global Smart Pneumatics Market, by Component, 2020 to 2027

FIGURE 13 Sub-segments of End-User

FIGURE 14 Global Smart Pneumatics Market Size, by End-User, 2020

FIGURE 15 Share of Global Smart Pneumatics Market, by End-User, 2020 to 2027