Increasing demand for industrial equipment drives Pneumatic Equipment Market: Cognitive Market Research

Market Overview:
Pneumatic equipment is referred to as machinery, tools, and systems that utilize compressed air or gases for power transmission and operation. It involves the use of compressed air to generate force or motion, enabling various mechanical actions and functions. Pneumatic Equipment typically consists of several components, such as air compressors, Pneumatic Equipment cylinders, valves, actuators, filters, regulators, lubricators, hoses, fittings, and Pneumatic Equipment tools. These components are used to perform mechanical motion and control Pneumatic Equipment operations.
Compressed air is found to be more practical, adaptable, and secure to utilize. This is the main factor in persuading end users to use pneumatic equipment to perform regular industrial operations. Additionally, the stringent environmental regulatory laws to safeguard the environment from the hazards of flammable and toxic components have encouraged manufacturers to use environmentally friendly products such as pneumatic equipment. In the upcoming years, it is anticipated that the abundant supply of air would increase the need for Pneumatic equipment and generate revenue increase in coming years.

Summary:
The Global Pneumatic Equipment market size was USD 105.4 Billion in 2022.

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Market Dynamics:
• Increasing automation across several industries
Industries are increasingly using automation to enhance precision, consistency, and operational efficiency. Pneumatic equipment plays an important role in industrial automation processes. With the increasing adoption of automation in industries such as manufacturing, automotive, food and beverage, and pharmaceuticals, the demand for pneumatic equipment has been growing. Pneumatic systems offer advantages like cost-effectiveness, simplicity, reliability, and safety, making them suitable for various automation applications.
Moreover, automation heavily depends on actuators and cylinders to convert compressed air energy into mechanical motion. These pneumatic components are essential for automating processes such as material handling, assembly, packaging, and sorting. The integration of pneumatic control systems in various industrial machinery is increasing as automation systems require robust control systems to regulate the movement and operation of various components. Pneumatic control systems, including valves, sensors, and regulators, play a crucial role in achieving precise and efficient automation. These systems allow for precise control of air pressure, flow, and direction, enabling synchronized movements and operations in automated processes.

• Increasing demand for industrial equipment (Access Detailed Analysis in the Full Report Version)

• Rapid growth in the automotive industry (Access Detailed Analysis in the Full Report Version)

Market Segmentation:
Type:
• Pneumatic Actuators
• Pneumatic Valves
• Pneumatic Seals
• Pneumatic Fittings
• Others

End User:
• Automotive
• Food and Beverage Processing and Packaging
• Aerospace and Defense
• Chemical and Petrochemical
• Others

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Competitive Analysis for Pneumatic Equipment Market:
• Emerson Electric
• Parker Hannifin
• Bimba Manufacturing
• Rotork
• Mesto
• Thomson Industries
• Advanced Pneumatic
• Basso Industry Corp.
• Chicago Pneumatic

Regional Analysis:
In 2022, the Asia Pacific held the major market share of around 41.90% due to the substantial growth of the automotive industry followed by the exponential growth of the industrial sector. The emergence of new automotive technologies and the growing trend toward vehicle electrification has increased the demand for Pneumatic equipment such as valves, seals, and tubing. Further, the manufacturers in this region are preferring affordable materials which are durable and strong in pneumatic equipment. Thus, the minimum cost of manufacturing pneumatic equipment due to low-cost design material makes it more efficient and economical. Moreover, the vast growth of the industrial sector in emerging countries such as China and India which is opting for pneumatic equipment in order to perform multiple tasks that will further drive market growth in Asia Pacific.

Company Profile
• Parker-Hannifin Corporation
Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial, and aerospace markets. The company has two segments including diversified industrial and aerospace systems. The diversified industrial segment serves products to various industries such as manufacturing, packaging, processing, transportation, mobile construction, refrigeration, air conditioning, agricultural and military machinery, and equipment industries.
The main industries served by the diversified industrial segments is differentiated into groups such as the engineered materials group, filtration group, fluid connectors group, instrumentation group, and motion systems group. Parker Pneumatic Equipment Division's execute time program to make sure operations will run smoothly and avoid unplanned downtime costs.

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