Smart Pneumatics Market 2022 - Business Strategies, Product Sales and Growth Rate, Assessment to 2027

The Smart Pneumatics market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Smart Pneumatics Market share and Market size prominent players for 2022 to 2027 are profiled in this report.

The Smart Pneumatics Market is expected to register a CAGR of 6.94% over the forecast period 2022 - 2027.

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Competitive Landscape:

Emerson Electric Co.,Festo,Thomson Industries Inc.,Metso Corporation,Parker Hannifin,Rotork plc,Ham-Let Group,Solution Control and Engineering Co.,Metrolog,The Smart Actuator Company and Others

Industry News:

- Sep 2019 - Parker Hannifin added an expanded range of features and capabilities to its H Series ISO valve platform as part of its global focus on factory automation. It is designed with a new universal manifold, where the new valves provide the opportunity to mix ISO 02, 01, 1 and 2 valve sizes on one common manifold without transition blocks. This ability enable right sizing in the field and the ISO design supports easy interchangeability for additions or changes to the valve and manifold assembly.
- Dec 2018 - The Ham-Let Group launched its first smart valve ready to connect to the Internet. The company has incorporated cloud-based technology into its products to increase reliability, reduce costs and open up new possibilities that were previously too expensive or too complex to implement. As a complete oil and gas portfolio company, Ham-Let continues to make efforts to supply unique safety solutions that bring best value in terms of total cost of ownership.

Key Market Trends:

Oil & Gas in Industrial Segment Holds the Significant Share

- With an increasing demand for energy in the long term but quite unstable in the short term, the oil and gas industry is facing many challenges in its complete value chain and there is a need for major "technological revolution" or massive investment to improve safety, efficiency and competitiveness. Process instrumentation is an integral portion of any process industry as it allows real-time measurement and control of process variables such as levels, flow, pressure, temperature, pH, and humidity.
- Moreover, the Industrial Internet of Things (IIoT) plays a role, where electric actuators equipped with powerful electronics serve as information hubs, providing direct access to a wide variety of both process and diagnostics data for preventative maintenance.

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Asia-Pacific Account for Significant Market Growth

- The expanding population, increasing industrialization, and rapid urbanization in Asia-Pacific region, especially in developing countries, such as China and India will lead to the increasing demand for agricultural products, food, and chemicals, which use pneumatic equipment in their manufacturing plants.
- Increased investments in new plants such as in oil and gas, steel, power, and petrochemicals, and rising adoption of international safety standards and practices are predicted to hold the market growth. This is the only region to register an oil and gas capacity growth in recent years and about four new refineries were added in the region, which has added about 750,000 barrels per day, to the global crude oil production.

Regional Analysis for Smart Pneumatics Market:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Highlights about Smart Pneumatics report coverage:

- A complete background analysis, which includes an assessment of the Global Smart Pneumatics Market.

- Important changes in Smart Pneumatics market dynamics

- Smart Pneumatics Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Smart Pneumatics market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Smart Pneumatics industry developments

- Smart Pneumatics Market shares and strategies of key players

- Emerging niche Smart Pneumatics segments and regional markets

- An objective assessment of the trajectory of the Smart Pneumatics market

- Recommendations to companies for strengthening their foothold in the Smart Pneumatics market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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This release was published on openPR.