Global Pneumatic Components Market Size was valued at USD 12.8 Billion in 2022. The Pneumatic Components market industry is projected to grow from USD 13.4 Billion in 2023 to USD 19.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2024 - 2032). Pneumatic components are becoming more and more crucial as the need for machine safety and operational efficiency increases, are the key market drivers enhancing the market growth.
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
The primary factor driving the expansion of the market for pneumatic components is the rising demand for food and beverage sector safety. The pneumatic components help with control. There has been a significant increase in the use of enormous quantities of pneumatic components in the food and beverage industry for a variety of applications. As machine performance and safety both increase, pneumatic parts are in increasing demand. Because it uses compressed and energy-efficient automation to perform safe and precise procedures, pneumatic equipment is more in demand. Some businesses use pneumatic components effectively for the development of new goods. The increasing demand for industrial safety and the rising investment by powerful entrepreneurs are the primary drivers of the pneumatic components market's growth. Along with increased industrial automation, additional market-expanding reasons include stringent government regulations designed to ensure safe operations across numerous industries. Additionally, as a result of the rapid adoption of contemporary technologies like the Industrial Internet of Things (IoT), artificial intelligence, etc., pneumatic technology is gaining a lot of traction and becoming popular for functional and commercial use due to its monitoring and measurement capabilities. It also enhances the equipment's performance and provides helpful data regarding machine operation.
The need for pneumatic components is driven by the desire to increase machine safety and performance. Pneumatic components are crucial in manufacturing and other end-use sectors because of the rising demand for precise and secure operations that make use of compressed air and energy-efficient automation. Many businesses that market pneumatic systems place a high premium on the development of technologies that guarantee machine safety. Manufacturers strive to optimise power use, connectivity, and industrial automation in order to enhance maintenance planning and increase operational efficiency. Due to their various features and benefits, pneumatic components are the preferred choice for many end applications. Thanks to its monitoring and measuring capabilities, which provide useful information on the performance of the devices and the operation of the machines, pneumatic technology is quickly gaining ground and evolving into a practical and commercial technology with the quick uptake of the Industrial Internet of Things (IoT).
Rising degrees of automation across all industries will undoubtedly be a driving force behind the market expansion of pneumatic equipment. Pneumatic equipment adoption is expected to expand over the course of the projection period as a result of the successful completion of both small and large projects and the success of several industrial projects. Additionally, there is an increasing trend among end-user verticals to improve process efficiency in order to cut costs. It could be done by ensuring that the appropriate equipment is integrated with the system's requirements. For instance, pneumatic actuators offer important benefits in terms of price, size, and force. Pneumatic systems require a constant flow of compressed air, which is commonly supplied by an air compressor, to create and regulate energy. They are frequently employed to power machinery in a number of different industries. Pneumatic systems offer a number of notable advantages. Compared to electromotive parts, pneumatic parts last longer and require less maintenance. Due to their relative simplicity, pneumatic components are appropriate for less complicated automatic control systems. Pneumatic system parts do not overheat when under stress. Thus, driving the Pneumatic Components market revenue.
The global Pneumatic Components market segmentation, based on type, includes air treatment components, pneumatic valves, and pneumatic cylinders. Pneumatic valves segment accounted for the largest revenue share in 2022. A smart pneumatic system cannot function without software that collects, processes, and analyses the raw data acquired by physical components. Although there are numerous software programmes that utilise various technologies on the market, the most of them include certain basic features like data integration, diagnostic reporting, order tracking analysis, and parameter calculating. Manufacturers concentrate on providing monitoring services including data extraction and analysis.
The global Pneumatic Components market segmentation, based on application, includes electronics, chemical industry, machinery, and others. Machinery segment dominated the global Pneumatic Components market in 2022. The equipment on the factory floor needs to be properly maintained in order to shorten production cycle times and increase productivity. Intelligent pneumatic systems are crucial for ensuring efficient industrial operations. Automakers employ IoT solutions to increase energy efficiency and monitor the condition of their assets. As a result, the automotive sector believes that smart pneumatics have a lot of potential.
Figure 1: Global Pneumatic Components Market, by Application, 2024 & 2032 (USD Billion)
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Pneumatic Components Market dominated this market in 2022 (45.80%). North America has a considerable impact on the global demand for smart pneumatic components, which has an effect on the market's overall valuation. Due to rising demand for pneumatic components and financial expenditures made by several end-use industries, North America is one of the region's strongest rivals on the international market. Large growth in the region's top end-use industries, including electronics, the chemical industry, equipment, and others, has further expanded the market value for pneumatic components. Further, the U.S. Pneumatic Components market held the largest market share, and the Canada Pneumatic Components market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Global Pneumatic Components Market Share By Region 2022 (USD Billion)
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Pneumatic Components market accounted for the healthy market share in 2022. Due to stringent regulations and industrial automation, there is a growing need for pneumatic components in the electronics, chemical, mechanical, and other industries. This is growing the region's market share. Market expansion is also supported by the region's large number of medical device producers and the rising demand for various pneumatic component parts. Further, the German Pneumatic Components market held the largest market share, and the U.K Pneumatic Components market was the fastest growing market in the European region.
The Asia Pacific Pneumatic Components market is expected to register significant growth from 2023 to 2032. This is a result of increased spending by manufacturers on electronics and other crucial applications. The focus on infrastructure improvements by the regional government bodies over the expected period also provide a significant opportunity for the growth of the pneumatic components market in the Asia-Pacific region. Moreover, China’s Pneumatic Components market held the largest market share, and the Indian Pneumatic Components market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Pneumatic Components market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Pneumatic Components industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Pneumatic Components industry to benefit clients and increase the market sector. In recent years, the Pneumatic Components industry has offered some of the most significant advantages to medicine. Major players in the Pneumatic Components market, including Bosch Rexroth AG, Festo SE & Co. KG, SMC Corporation, Norgren, Inc. (Subsidiary Of IMI, PIC), Airtac International Group, Ckd Corp., JELPC (Ningbo Jiaerling Pneumatic Machinery Co., Ltd.), Parker Hannifin Corporation, Fenghua Yaguang Pneumatic Element Co, Ltd., Camozzi Group, Zhaoqing Fangda pneumatic Co. Ltd., Wuxi Huatong Pneumatic Manufacture Co. Ltd., CNSNS, and Easun Pneumatic Science, are attempting to increase market demand by investing in research and development operations.
Honeywell International Inc. is a business that deals with engineering and technology. In order to address issues in a variety of industries, including energy, security, safety, productivity, and global urbanisation, the company develops and produces technologies. Among Honeywell's offerings are specialty chemicals, process technologies, electrical and complex materials, productivity, sensing, safety and security technology, and replacement parts. It also provides management, technical, maintenance, and repair services. In the building, petrochemical, aerospace, and refining industries, Honeywell serves customers in North America, Europe, and other continents. It runs manufacturing and other enterprises all around the world. The headquarters of Honeywell are located in Charlotte, North Carolina, in the United States. In January 2021, the two largest producers in the world, Satair and Honeywell, agreed to a multi-year business agreement. The only global delivery of mechanical and air thermal parts for the Airbus 320, A330, SA340, and A380 aircraft is covered by this agreement.
The two business units under which Emerson Electric offers automation goods and services are intelligent devices and software control. Additionally, it holds a controlling interest in the software and control industry's AspenTech, a provider of industrial software. Intelligent devices also own Emerson's tools section, which features well-known brands like Ridgid. The automation sector of Emerson's process manufacturing company is well recognised for its measuring and analytical equipment, control valves and actuators, as well as other products and services. Nearly half of the company's global sales are from the Americas. In June 2022, Emerson presented the first pneumatic valve system with integrated open-platform connectivity and unified architecture.
April 2022:A few of the pneumatic manufacturers whose products are offered by Allied Electronics & Automation are Chicago Pneumatic Tools, Duff-Norton, Gefran, and Marsh Bellofram Precision Controls. Pneumatic systems use compressed air or gas to provide fluid power. The systems are frequently utilised in industrial automation projects for things like making concrete, medical packaging, food and drink, cars, oil and gas and automotive packaging. 125 Chicago Pneumatic Tools air tools, as well as a selection of trustworthy and efficient Chicago Pneumatic compressors and accessories, are currently offered by Allied Electronics & Automation.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 12.8 Billion |
| Market Size 2023 | USD 13.4 Billion |
| Market Size 2032 | USD 19.9 Billion |
| Compound Annual Growth Rate (CAGR) | 5.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Bosch Rexroth AG, Festo SE & Co. KG, SMC Corporation, Norgren, Inc. (Subsidiary Of IMI, PIC), Airtac International Group, Ckd Corp., JELPC (Ningbo Jiaerling Pneumatic Machinery Co., Ltd.), Parker Hannifin Corporation, Fenghua Yaguang Pneumatic Element Co, Ltd., Camozzi Group, Zhaoqing Fangda pneumatic Co. Ltd., Wuxi Huatong Pneumatic Manufacture Co. Ltd., CNSNS, and Easun Pneumatic Science |
| Key Market Opportunities | The gradual adoption of pneumatic components in industrial automation |
| Key Market Dynamics | The rise in demand for pneumatic components to ensure safe and precise procedures and the demand for machine safety and operational optimization |
Pneumatic Components Market Highlights:
Frequently Asked Questions (FAQ) :
The global Pneumatic Components market size was valued at USD 12.8 Billion in 2022.
The global market is projected to grow at a CAGR of 5.00% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Bosch Rexroth AG, Festo SE & Co. KG, SMC Corporation, Norgren, Inc. (Subsidiary Of IMI, PIC), Airtac International Group, Ckd Corp., JELPC (Ningbo Jiaerling Pneumatic Machinery Co., Ltd.), Parker Hannifin Corporation, Fenghua Yaguang Pneumatic Element Co, Ltd., Camozzi Group, Zhaoqing Fangda pneumatic Co. Ltd., Wuxi Huatong Pneumatic Manufacture Co. Ltd., CNSNS, and Easun Pneumatic Science
The Pneumatic Valves Type dominated the market in 2022.
The Machinery Application had the largest share in the global market.
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
