Pneumatic Components Market 2021: COVID-19 Impact Segmentation, Development Trends, Revenue, Growth, Current Trends, Future Growth Study and Strategic Assessment
Market
Highlights
Pneumatic components are
a part of pneumatic engineering, which makes use of gas or compressed air.
Pneumatic components are extensively used in industrial automation and are
usually powered by compressed air. Pneumatic components include actuators,
valves, cylinders, and fittings.
The increasing application of pneumatic components in the
manufacturing sector is likely to drive the market during the forecast period.
Pneumatic components find applications in various industries, including food
& beverage, chemicals, packaging, material handling, semiconductors, and
electronics. The packaging industry is one of the major end-users of pneumatic
components. The widespread use of pneumatic technology in packaging machines to
drive motion and actuate machine sequences has gained a lot of traction from
machine designers and end-users. Packaging machinery designers and
manufacturers focus on improving safety and ensuring safe operating
functionalities in their equipment, which can be achieved using pneumatic
components. Many major packaging machine manufacturing companies are focused on
building machines that can be sold in multiple regions with minimal
modifications. To do so, these machines need to adhere to safety regulations,
especially for European markets. Additionally, machine manufacturers and
end-users are increasingly using pneumatics to integrate safety in
manufacturing equipment, while also enhancing the reliability of their systems
and extending their operational life. Thus, the increasing application of
pneumatic components in the manufacturing industry is expected to drive the
growth of the market during the forecast period.
Moreover, an urgent need
for machine safety and operation enhancement is also expected to boost the
growth of the global pneumatic components market. Many manufacturers engaged in
providing pneumatic systems focus on developing technologies that ensure
machine safety. The manufacturers also aim at optimizing energy consumption and
connectivity as well as monitoring plant automation as it helps in better
maintenance planning and improved operational efficiency. There are various features
and advantages associated with pneumatic components that make these components
a preferred choice for several end-use applications. With the rapid adoption of
the Industrial Internet of Things (IIoT), the pneumatics technology is gaining
a lot of traction and becoming increasingly functional and commercial with its
capabilities in tracking and measurements and thus providing significant
insights into machine operation and the performance of devices.
The global market for
pneumatic components is segmented based on type, application, and region. By
type, the global market is segmented as air treatment components, pneumatic
valves, and pneumatic cylinders. By application, the global market is segmented
as electronics, chemical industry, machinery, and others.
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Market Research Analysis
In terms of region, the market is segmented as Europe,
Asia-Pacific, North America, the Middle East & Africa, and South America.
The Asia-Pacific region dominates the global pneumatic component market. The
need for machine safety and operation enhancement is expected to drive the
pneumatic components market in the region.
Pneumatic components are an important part of the manufacturing
and other end-use industries owing to the increasing demand for safe and
precise processes, including compressed air use and energy-conscious
automation. Many manufacturers engaged in providing pneumatic systems focus on
developing technologies that ensure machine safety. The manufacturers also aim
at optimizing energy consumption and connectivity as well as monitoring plant
automation as it helps in better maintenance planning and improved operational
efficiency. There are various features and advantages associated with pneumatic
components that make these components a preferred choice for several end-use
applications. With the rapid adoption of the Industrial Internet of Things
(IIoT), the pneumatics technology is gaining a lot of traction and becoming
more and more functional and commercial with its capabilities in tracking and
measurement, providing significant insights into machine operation and the
performance of devices.
Both machine safety and
operation enhancements are the most significant steps during the design & development
phase. The most critical aspect of machine safety and integration is not
integration but the proper handling of all types of stops and restarts. This
aspect creates demand for properly designed programs, including pneumatic
systems, which help restart the machine by returning to a predetermined
position of safety and resuming the automatic cycle with minimal operator
intervention. Thus, the need for machine safety and operation enhancement is
expected to drive the growth of the global pneumatic components market during the forecast period.
Scope of
the Report
This study provides an overview of the global pneumatic components
market, tracking four market segments across five geographic regions. The
report studies key players, providing a four-year annual trend analysis that
highlights market size, and share for North America, Europe, Asia-Pacific, the
Middle East & Africa, and South America. The report also provides a
forecast, focusing on the market opportunities for the next five years for each
region. The scope of the study segments the global pneumatic components market,
by type, application, and region.
By Type
·
Air Treatment Components
·
Pneumatic Valves
·
Pneumatic Cylinders
By Application
·
Electronics
·
Chemical Industry
·
Machinery
·
Others
By Regions
·
North America
·
Asia-Pacific
·
Europe
·
Middle East & Africa
·
South America
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Key Players
The key industry participants of the global market for pneumatic
components include Festo SE & Co. KG, Bosch Rexroth Ag, SMC
Corporation, Norgren, Inc. (Subsidiary Of IMI, Plc), Wuxi Huatong Pneumatic
Manufacture Co., Ltd., Ckd Corp., Parker Hannifin Corporation, JELPC (Ningbo
Jiaerling Pneumatic Machinery Co., Ltd.), Fenghua Yaguang Pneumatic Element
Co., Ltd., Zhaoqing Fangda pneumatic Co., Ltd., Airtac International Group,
Camozzi Group, Easun Pneumatic Science & technology, and CNSNS.
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