Press release
Smart Pneumatics Market to Witness a Tremendous Growth Due to COVID-19 Pandemic - Exclusive Report by Fact.MR
Industrial end-users are increasingly striving for efficient and technologically advanced systems as they are faced with growing competitive pressures. Consequently, industries are witnessing significant penetration of automation, which is also backed by the falling cost of digital technology.Companies are gravitating towards digital equipment, such as smart devices that can provide useful services with a high degree of autonomy.
The latest study on Smart Pneumatics market offers in-depth analysis and insights for the forecast period 2021-2031. The study tracks Smart Pneumatics Sales and Demand in over 20 countries, with analysis high-growth as well as emerging markets. The Global Smart Pneumatics Market research report also offer COVID-19 analysis on sales, providing readers with latest analysis.
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Smart Pneumatics Market- Segmentation
Based on component, the smart pneumatics market is segmented into:
Hardware
Software
Services
Based on type, the smart pneumatics market is segmented into:
Valves
Actuators
Modules
Based on industries, the smart pneumatics market is segmented into:
Automotive
Semiconductor
Food & Beverage
Water & Wastewater
Oil & Gas
Smart Pneumatics Demand Outlook and Assessment
The study tracks Smart Pneumatics adoption across the globe, with a detailed analysis on the drivers, restraints, opportunities, and threats for existing players as well as new companies. The key growth factors have been analyzed in detail in the study.
In addition to the key growth factors, the study also offers analysis on the key challenges Smart Pneumatics companies are likely to face during the assessment period. The restraints vary across countries, and Smart Pneumatics players often face challenges with lack of standardization, regulation, taxes, and polity.
The study also includes detailed chapters on the key opportunities for Smart Pneumatics market players. As COVID-19 has led to a host of challenges, Smart Pneumatics organizations are focusing on addressing white spaces and working on the opportunities.
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Smart Pneumatics Market- Notable Developments
Some of the leading players operating in the smart pneumatics market include Rotork plc, Emerson Electric Co., Thomson Industries, Inc., Bimba Manufacturing Co., Festo AG & Co. KG, Metso Corporation, and Parker Hannifin Corporation. Notable developments in the competitive landscape of smart pneumatics market include,
• Pneumatics specialist, Aventics has recently launched a Smart Pneumatics Analyzer (SPA) to provide a mobile IIoT solution to its customers. The user can link the SPA to compressed air supply on any machine, and can obtain analysis options for key machine characteristics, like compressed air consumption and potential leakages.
• Another leading player in smart pneumatics market, Emerson has acquired Aventics to expand its reach in the fluid automation market, and solidify its automation technology portfolio across Europe.
• IMI Norgren purchased Bimba Manufacturing in 2018 to expand its business and improve the presence of IMI Precision Engineering in the US industrial automation market.
• In 2018, Famic Technologies launched a complete pneumatic catalog in Automation Studio, including products of Koganei. Famic Technologies has specially designed this catalogue to support manufacturing and automation markets.
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