Global Pneumatic Components And Systems Market Size Forecast 2024-2033
12 Dec, 2024
What Is The Overview Of The Global Pneumatic Components And Systems Market?
Pneumatic components and systems refer to devices and setups that utilize compressed air or gas to generate mechanical motion. These systems comprise of components such as air compressors and pneumatic motors, alongside other elements that facilitate control and operation in industrial applications, offering simplicity, reliability, and strong force. They are crucial in various industries for their ability to provide cost-effective and efficient solutions to automation and control challenges.
Pneumatic Components And Systems Global Market Report 2024 provides data on the global pneumatic components and systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pneumatic components and systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Projections Can We Expect For The Size And Growth Rates Of The Global Pneumatic Components And Systems Market?
The pneumatic components and systems market has expanded significantly, growing from $13.39 billion in 2023 to $14.27 billion in 2024 at a CAGR of 6.6%. Growth drivers include enhanced safety features, R&D investments, low maintenance requirements, the durability of pneumatic components, and the development of renewable energy projects. By 2028, the market is anticipated to grow to $18.48 billion with a CAGR of 6.7%, fueled by predictive maintenance needs, wireless infrastructure advancements, eco-friendly pneumatic technologies, and government support. Emerging trends include cloud-based control technologies, digital twin applications, 3D printing adoption, hybrid systems, and data analytics usage.
What Are The Core Factors Supporting Growth In The Pneumatic Components And Systems Market?
The expansion of manufacturing industries is fueling growth in the pneumatic components and systems market. Manufacturing relies on transforming raw materials into goods using advanced machinery and automation, where pneumatic systems play a crucial role. These systems provide reliable, cost-effective solutions for operating machinery efficiently. In March 2022, the United Nations Industrial Development Organization reported a 9.4% rebound in global manufacturing production in 2021 following a pandemic-induced decline in 2020. This resurgence demonstrates the increasing reliance on pneumatic technology in manufacturing.
Get Your Free Sample of the Global Pneumatic Components And Systems Market ReportWhat Are The Major Segments Within The Global Pneumatic Components And Systems Market?
The pneumatic components and systems market covered in this report is segmented –
1) By Type: Pneumatic Valve, Pneumatic Cylinder, Pneumatic Gripper, Pressure Sensor, Pressure Switch, Auxiliary Components, Other Types
2) By Capacity: Light Duty, Heavy Duty
3) By Application: Food And Beverage Industry, Packaging Industry, Automotive Industry, Heating, Ventilation, and Air Conditioning (HVAC), Automation And Manufacturing Industry, Medical And Pharmaceutical Industry, Oil And Gas Industry, Chemical Industry, Other Applications
Which Trends Are Expected To Transform The Pneumatic Components And Systems Market?
Companies in the pneumatic components and systems market are introducing precision-driven products, such as advanced pressure control valves, to support industrial automation. These valves regulate fluid pressure within systems to optimize performance and safety. For example, in May 2024, Emerson, a U.S.-based industrial machinery firm, unveiled its AVENTICS Series 625 Sentronic electronic proportional pressure control valves. These valves offer precise control with less than 0.5% deviation, making them suitable for high-precision applications like flame cutting and laser surgery, ensuring reliable and efficient operation in industrial settings.
What Is The Fastest Growing Region In The Pneumatic Components And Systems Market?
North America was the largest region in the pneumatic components and systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pneumatic components and systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.