Market Study on Smart Pneumatics: How are Smart Pneumatic Solutions Revolutionizing Manufacturing Processes across Automotive, Medical and, Oil and Gas Sectors? Find Out With PMR!
Industry: IT and Telecommunication
Published Date: June-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP33508
Persistence Market Research (PMR) states that the sales in the smart pneumatics industry in 2022 stood at US$ 3.4 billion. It is likely to exhibit a 6.5% CAGR over the forecast period 2022 to 2032.
The market is set to register a revenue of US$ 6.3 billion by 2032-end. Based on type, actuator segment is projected to monopolize the global smart pneumatics market during the forecast period. This segment is likely to expand at 6.4% CAGR from 2022 to 2032.
The market for smart pneumatic systems is driven by several key trends. It includes growing demand for energy-efficient solutions, increased use of automation in various industries, and integration with Industrial Internet of Things (IIoT). Advancements in sensor and control technology, and emerging applications of smart pneumatic systems are becoming highly demanded from end-users.
One of the prominent drivers of the smart pneumatic market is the increasing demand for energy-efficient solutions. With energy costs on the rise, manufacturers are looking for ways to reduce their energy consumption and cut costs. Smart pneumatic systems can help large-scale manufacturing processes by providing better control and monitoring of energy usage, leading to significant savings.
Another driver of the smart pneumatics industry is the increasing use of automation across several sectors. As companies look to increase their productivity and efficiency, they are turning to automation to streamline their processes and reduce labor costs. Smart pneumatic systems play a key role in automation, providing precise and reliable control of pneumatic components.
The integration of smart pneumatic systems with Industrial Internet of Things (IIoT) is also driving the market. IIoT enables the integration of sensors, devices, and systems, providing real-time data that can be used to improve processes and optimize operations. Smart pneumatic systems can be integrated with IIoT to provide data on performance, usage, and maintenance. This helps to improve reliability and reduce downtime.
Advancements in sensor and control technology are also driving the smart pneumatic market. New sensors and control systems enable more precise and reliable control of pneumatic components. It will lead to better performance and energy efficiency. Advances in software and connectivity are enabling smarter and more efficient control and monitoring of pneumatic systems.
Emerging applications of smart pneumatic systems are also driving the market. Smart pneumatic systems are being used in a growing rate of applications, from medical devices to robotics to industrial machinery. As the benefits of smart pneumatic systems become more widely known, the demand for these systems is likely to continue rising during the forecast period.
Key Drivers Driving Demand in the Smart Pneumatics Market Growth:
| Attributes | Key Insights |
|---|---|
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Smart Pneumatics Market Estimated Size (2022) |
US$ 3.4 billion |
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Projected Market Value (2032) |
US$ 6.3 billion |
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Value-based CAGR (2022 to 2032) |
6.5% |
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United States Market CAGR (2022 to 2032) |
5.3% |
PMR states that the sales of smart pneumatics expanded at 7.4% CAGR from 2017 to 2021. This is likely to create an absolute dollar opportunity of ~US$ 3.0 billion during the forecast period 2022 to 2032. The market is expected to register a sum of US$ 6.3 billion by 2032. It was valued at US$ 3.1 billion in 2021.
The smart pneumatics industry is being driven by a range of trends. This includes the growing demand for energy-efficient solutions to the integration with IIoT in new applications. As these trends continue to shape the market, smart pneumatic systems are likely to play an increasingly important role in the future of manufacturing and industrial automation.
Smart pneumatic systems have already proven their worth in a variety of applications. It offers great accuracy, control, and reliability compared to traditional pneumatic systems. They offer other benefits such as reduced energy consumption, lower maintenance costs, and improved safety.
The automotive industry, for instance, is a key application area for smart pneumatic systems. These systems are used for everything from assembly line operations to engine testing to quality control. They provide precise control of pneumatic actuators and valves, allowing for improved productivity and efficiency.
Another emerging application area for smart pneumatic systems is medical devices. These systems can be used to provide precise control of pressure and flow in devices such as respiratory and anesthesia equipment. They can also be used to automate processes in medical manufacturing, helping to improve quality and reduce costs.
Other application areas for smart pneumatic systems include robotics, packaging machinery, and aerospace manufacturing. Smart pneumatic systems offer benefits such as improved accuracy, lower energy consumption, and great control and monitoring capabilities.
As the market for smart pneumatic systems continues to accelerate as manufacturers are investing in new technology and partnerships to stay ahead of the curve. From improved sensors and control systems to new software and connectivity options. The smart pneumatic market is rapidly evolving to meet the needs of modern industry.
Smart pneumatic systems are increasingly being integrated into IIoT frameworks. It enables seamless connectivity and communication with other industrial devices and systems. This integration has allowed for real-time monitoring, remote control, and advanced analytics of pneumatic processes.
Smart pneumatic devices are equipped with a host of sensors to gather data on parameters such as pressure, temperature, flow rate, and energy. Advanced data analytics techniques are employed to derive insights from this data. It enables predictive maintenance, performance, optimization, and energy efficiency improvements.
Traditional pneumatics systems rely heavily on wired connections, but the adoption of wireless communication has been gaining momentum. Wireless protocols such as Bluetooth, ZigBee, and Wi-Fi are being used to enable flexible and decentralized control and monitoring.
Smart pneumatics devices offer remote monitoring and control capabilities. It allows operators to access and manage pneumatic systems from anywhere using mobile devices or cloud-based platforms. This trend facilitates proactive maintenance, troubleshooting, and real-time decision making.
Asia Pacific is accounted to hold a significant valuation in the global smart pneumatics market through 2032. It is expected to grow steadily at ~46% CAGR through the forecast period. Growing industrialization and urbanization rates across Asia-Pacific are anticipated to contribute to growth during 2022 to 2032.
Emerging nations, such as China and India are projected to contribute to the rising demand for products from agriculture, food, and chemical sectors. These sectors widely employ pneumatic equipment in their production plants.
There has been noticeably growing expenditures in new facilities, including in oil & gas, steel, electricity, and petroleum products. Alongside this, growing acceptance of global safety regulations and procedures are projected to support the market for the foreseeable future.
Will the United States Remain a Market Leader for Smart Pneumatics?
The United States smart pneumatics industry is likely to cross a valuation of about US$ 920.8 million by 2032. It is also expected to create an absolute $ revenue of US$ 373.8 million over the forecast period.
Smart pneumatics industry in the United States exhibited a 4.3 % CAGR from 2017 to 2021. It is likely to exhibit a 5.3% CAGR from 2022 to 2032. The United States has a mature manufacturing sector and high adoption rates of advanced automation systems, leading to a sizeable demand for smart pneumatic systems.
There is a heavy presence in the country of several key industries that rely on automation and pneumatic systems. The United States is expected to have a significant share in the smart pneumatics market. Growing focus on energy efficiency and sustainability in industries is also driving the adoption of smart pneumatic systems. It is likely to further increase the market share of the United States over the forecast period.
Another driver of the smart pneumatic market is the increased use of automation in various industries. As more industries move towards automation, the demand for smart pneumatic systems is expected to rise. Smart pneumatic systems offer several advantages over traditional pneumatic systems such as great precision, fast response times, and the ability to collect and analyze data in real-time.
What is Priming China as a Global Hub for Smart Pneumatics Solutions?
The smart pneumatics industry in China is set to reach US$ 1.7 billion by the end of the forecast period 2022 to 2032. It is likely to create an absolute dollar opportunity of US$ 889.9 million by 2032. The smart pneumatics market in China has increased at 9.5% CAGR from 2017 to 2021. It is likely to soar at 8 % CAGR from 2022 to 2032.
China has been investing heavily in automation and Industry 4.0, driving the growth of the smart pneumatic market in the region. Increasing demand for energy-efficient solutions and the implementation of IIoT in industries also contribute to the growth of the market.
Rise of new sectors, such as e-commerce and logistics, has further increased the demand for smart pneumatic systems in China. With a large manufacturing base and a rapidly growing economy, China is likely to hold a significant share in the smart pneumatics industry through 2032.
Which is the Top Selling Type of Smart Pneumatics Solution?
Based on type, actuator division is likely to spearhead the smart pneumatics industry during the forecast period. It expanded at 7.2 % CAGR from 2017 to 2021. It is further projected to soar at 6.4% CAGR from 2022 to 2032.
This is due to increasing demand for actuator systems in various sectors such as automotive, food processing, and pharmaceuticals. Actuators play a crucial role in providing accurate and reliable movement, positioning, and control of pneumatics in automated systems.
Advancements in sensor and control technology have enabled actuator systems to become more precise and energy-efficient. These factors are further anticipated to boost the popularity of actuators in the smart pneumatic market.
Which is the Predominant End-use Application in the Smart Pneumatics Industry?
In terms of end-use, automotive segment is likely to have a lucrative revenue share in the smart pneumatics market. Sales expanded from 7.0% CAGR between 2017 and 2021 to 6.3% CAGR between 2022 and 2032.
This growth is largely motivated by the automotive industry’s heavily reliance on pneumatic systems for applications in assembly lines, welding robots, and paint spraying. With the increasing demand for electric vehicles, the demand for smart pneumatic systems is expected to rise. These systems offer improved energy efficiency and accuracy.
Key players in smart pneumatics industry include Parker Hannifin Corporation, Bimba Manufacturing Co., Rotork PLC, Thomson Industries Inc., Aventics GmbH, Cypress EnviroSystems Corp, Ningbo Smart Pneumatic Co. Ltd
Key manufacturers are focusing in developing innovative products with advanced features and capabilities. This could involve integrating sensors, connectivity, and intelligent control system into pneumatic devices. They are also prioritizing connectivity and interoperability of their smart pneumatics products. This could involve using standard communication protocols to enables seamless integration with other smart devices.
To enhance their market presence and deliver comprehensive solutions, manufacturers might collaborate with other companies in the smart device ecosystem. This include partnering with sensor manufacturers, automation software providers, and system integrators.
Recent developments:
| Attribute | Details |
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Estimated Market Size (2022) |
US$ 3.4 billion |
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Projected Market Size (2032) |
US$ 6.3 billion |
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Anticipated Growth Rate (2022 to 2032) |
6.5% CAGR |
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Forecast Period |
2022 to 2032 |
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Historical Data Available for |
2017 to 2021 |
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Market Analysis |
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Key Countries Covered |
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Key Segments Covered |
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The global smart pneumatics industry is likely to accelerate at 6.5% CAGR from 2022 to 2032.
By 2032, the global smart pneumatics industry is expected to reach a total revenue of US$ 6.3 billion.
The United States is set to hold lion’s shares in the smart pneumatics industry and a total value of US$ 920.8 million by 2032.
By top type, actuator division is likely to exhibit a 6.4% CAGR from 2022 to 2032.
During 2022 and 2032, the automotive division is likely to soar at 6.3% CAGR within the global smart pneumatics industry.
