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Smart Pneumatics Market Revenue Data Historic and Forecast Analysis

01-19-2023 05:14 PM CET | IT, New Media & Software

Press release from: Analytics Market Research

Global Smart Pneumatics Market

Global Smart Pneumatics Market

Smart Pneumatics Market size was valued at US$ 3.82 Bn in 2020 and is expected to reach US$ 6.42 Bn by 2027 to exhibit a CAGR of 7.7 % during the forecast period.

A future for pneumatics isn't necessarily precluded by the emphasis on electronic and digital control of automated systems, since many material components of the pneumatic system are capable of adapting their designs and processes to include IIoT variables into their operation. Researchers are examining sophisticated electronic data collecting methods, such as those that make use of thin foils. These foils might be used as labels on pneumatic cylinders, gathering and transmitting use and sensory data to a control network wirelessly.

Compressed air or compressed inactive gases are typically utilised to transport and regulate power in smart pneumatic systems used in industry. When a pneumatic system offers a more affordable, adaptable, or secure alternative to electric motors and actuators, it is chosen. Pneumatic systems are controlled by manual or automatic solenoid valves. The benefits of pneumatic tube systems include reduced labour expenses due to automated operations and improved transport process uniformity.

The IIoT's inclusion enables businesses to link sensors used to monitor characteristics like vibration, temperature, and noise, which is what is driving the growth of the smart pneumatic market. Companies may include all the data and process it on a single platform provided by the IIoT.

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Global Smart Pneumatics Market: Segmentations

Global Smart Pneumatics Market: By Key Players
Emerson Electric
Festo AG and Co.KG
Parker Hannifin
Bimba Manufacturing
Rotork
Metso
Thomson Industries

Global Smart Pneumatics Market: By Types
Valves
Actuators
Modules

Global Smart Pneumatics Market: By Applications
Modules
Semiconductor
Food and Beverage
Water and Wastewater
Oil and Gas

Global Smart Pneumatics Market: Regional Analysis
The countries covered in the regional analysis of the Global Smart Pneumatics market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain

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