Press release
Global Pneumatic Components And Systems Market to Reach $19.67 Billion by 2029, Growing at 6.58% CAGR
Pneumatic Components And Systems Market Share
The growth of manufacturing industries is expected to drive the pneumatic components and systems market. The manufacturing sector's expansion is supported by raw material transformation and technological advancements. Pneumatic systems improve efficiency by automating processes and reducing manual labor. For example, in August 2024, Safeguard Global reported that China leads global manufacturing with 31.6% of the world's output, and industrial robot installations also increased by 5% in 2022. This growth in manufacturing is fueling the demand for pneumatic components and systems.
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What growth opportunities are expected to drive the pneumatic components and systems market's CAGR through 2034?
The pneumatic components and systems market has experienced strong growth in recent years. It will grow from $14.27 billion in 2024 to $15.25 billion in 2025, with a CAGR of 6.8%. The growth is due to enhanced safety features, investment in R&D, low maintenance needs, high durability, and growth in renewable energy projects.
The pneumatic components and systems market is projected to reach $19.67 billion by 2029, growing at a CAGR of 6.6%. Growth is driven by the need for predictive maintenance, wireless infrastructure, eco-friendly pneumatic systems, government support, and focus on education and training in pneumatic technology. Key trends include cloud-based technologies for controlling pneumatic systems, digital twin technology, 3D printing adoption, hybrid system development, and data analytics.
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What are the emerging trends shaping the future of the pneumatic components and systems market?
In the pneumatic components and systems market, companies are introducing precision pressure control valves to meet the growing industrial automation needs. For example, in May 2024, Emerson, a US-based industrial machinery company, launched the AVENTICS Series 625 Sentronic electronic proportional pressure control valves. These valves offer precise control with minimal deviation, making them ideal for high-precision manufacturing and efficient pneumatic control.
Which growth-oriented segments of the pneumatic components and systems market are leading the industry's development?
The pneumatic components and systems market covered in this report is segmented -
1) By Type: Pneumatic Valve, Pneumatic Cylinder, Pneumatic Gripper, Pressure Sensor, Pressure Switch, Auxiliary Components, Other Types
2) By Capacity: Light Duty, Heavy Duty
3) By Application: Food And Beverage Industry, Packaging Industry, Automotive Industry, Heating, Ventilation, and Air Conditioning (HVAC), Automation And Manufacturing Industry, Medical And Pharmaceutical Industry, Oil And Gas Industry, Chemical Industry, Other Applications
Subsegments:
1) By Pneumatic Valve: Directional Control Valves, Pressure Control Valves, Flow Control Valves, Solenoid Valves, Safety Valves
2) By Pneumatic Cylinder: Single-Acting Cylinders, Double-Acting Cylinders, Rotary Actuators, Pneumatic Gripper Cylinders
3) By Pneumatic Gripper: Two-Finger Grippers, Three-Finger Grippers, Angular Grippers, Parallel Grippers
4) By Pressure Sensor: Digital Pressure Sensors, Analog Pressure Sensors, Differential Pressure Sensors
5) By Pressure Switch: Mechanical Pressure Switches, Electronic Pressure Switches, Adjustable Pressure Switches
6) By Auxiliary Components: Air Preparation Units (Filters, Regulators, Lubricators), Pneumatic Tubing And Fittings, Pressure Relief Valves, Mufflers
7) By Other Types: Pneumatic Actuators, Pneumatic Tools, Pneumatic Motors
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What regions are leading the charge in the pneumatic components and systems market?
North America was the largest region in the pneumatic components and systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pneumatic components and systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the pneumatic components and systems market?
Major companies operating in the pneumatic components and systems market are Parker Hannifin Corporation, Emerson Electric Co., Freudenberg Group, Bosch Rexroth AG, SMC Corporation, Festo Inc., Trelleborg AB, IMI plc, Airtac International Group, CKD Corporation, Camozzi Automation Inc., Mac Valves Inc., Ross Controls, Humphrey Products, Versa Products Co. Inc., RS Components Limited, Bansbach Easylift GmbH, Nitta Corporation, Duncan Engineering Ltd, Mindman Industrial Co. Ltd., Metal Work S.p.a., Air Logic, Pneumax Limited, Seauto Seals Automoción SL, Janatics Industrial Automation Private Limited
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What Is Covered In The Pneumatic Components And Systems Global Market Report?
•Market Size Forecast: Examine the pneumatic components and systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the pneumatic components and systems market for a structured understanding.
•Key Players Overview: Analyze major players in the pneumatic components and systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pneumatic components and systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the pneumatic components and systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pneumatic components and systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the pneumatic components and systems market.
•Competitive Landscape: Review strategic developments in the pneumatic components and systems market, including expansions, agreements, and new product launches.
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