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Emerging Trends to Reshape the Smart Pneumatics Market: Innovative Revolutionary Electric And Pneumatic Automation Platform For Enhanced System Efficiency as a Key Influencer
Smart Pneumatics Market
Smart Pneumatics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In past years, the size of the smart pneumatics market has seen consistent expansion. It is expected to rise from a value of $4.67 billion in 2024 to $4.88 billion in 2025, resulting in a compound annual growth rate (CAGR) of 4.6%. Factors contributing to the growth during the historic period include increasing demand for industrial automation, energy efficiency, predictive maintenance, a rise in the adoption of digital twins, and cost-effective solutions.
Smart Pneumatics Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the smart pneumatics market is anticipated to witness substantial growth, escalating to $6.19 billion in 2029 with a compound annual growth rate (CAGR) of 6.1%. The projected growth during the forecast period is due to various factors such as increased healthcare spending, growing elderly population, expanding healthcare infrastructure, and the precision and durability of the systems. Dominant trends for the forecast period encompass the incorporation of artificial intelligence (AI), integration with edge computing, cloud-based solutions, measures for cybersecurity, as well as predictive diagnostics and health monitoring.
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What Are the Drivers Transforming the Smart Pneumatics Market?
The smart pneumatics market is anticipated to be driven by the rising production of commercial vehicles. These vehicles, which are intended more for the carriage of materials or goods rather than passengers, employ smart pneumatics in systems like braking, suspension, and gearboxes. They offer predictive maintenance, monitoring, and vehicle effectiveness enhancement. For example, the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade group, reported that the production of commercial vehicle (CV) plants saw an increase of 5.8% from 74,505 units in 2023 to 78,805 units in 2024. Hence, the escalated production of commercial vehicles is a significant factor contributing to the expansion of the smart pneumatics market.
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What Are the Key Trends Driving Smart Pneumatics Market Growth?
Key players in the smart pneumatics market are creating breakthrough products like electric and pneumatic automation platforms to boost efficacy, performance, and oversight in automated systems. These platforms harmonize electrical and pneumatic elements, delivering improved flexibility and accuracy in industrial automation processes, and enhancing overall productivity and system surveillance. For example, Festo, a German automation firm unveiled CPX-AP-A in September 2023. CPX-AP-A, an electric and pneumatic automation, functions as a primary communication medium for data transmission and simplifying system framework. It is a distributed input/output (I/O) solution formulated to optimize automation performance and flexibility by harmonizing the advantages of both electric and pneumatic technologies.
Which Segments in the Smart Pneumatics Market Offer the Most Profit Potential?
The smart pneumatics market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Distribution Channel: Direct, Indirect
3) By Industry: Oil And Gas, Energy And Power, Water And Wastewater, Automotive, Semiconductor, Food And Beverage
Subsegments:
1) By Hardware: Pneumatic Cylinders, Sensors And Actuators, Valves, Compressors, Connectors And Fittings
2) By Software: Control Software, Monitoring Software, Analytics Software, Simulation Software
3) By Services: Maintenance And Support Services, Installation And Commissioning Services, Consulting Services, Training Services
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Which Firms Dominate the Smart Pneumatics Market by Market Share and Revenue in 2025?
Major companies operating in the smart pneumatics market include Cypress Envirosystems Inc., Siemens AG, Schneider Electric SE, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., ABB Ltd., Eaton Corporation plc, Emerson Electric Co., Parker Hannifin Corporation, Rockwell Automation Inc., Bosch Rexroth AG, SMC Corporation, Festo Inc., IMI Precision Engineering Ltd., SICK AG, AirTAC International Group, Rotork plc, Camozzi Automation Spa, Ham-Let Group, CKD Corporation, Basso Industry Corp, Norgren Inc., Thomson Industries Inc., Clippard Instrument Laboratory Inc., Bimba Manufacturing Company, Advanced Pneumatics Inc.
Which Regions Offer the Highest Growth Potential in the Smart Pneumatics Market?
Asia-Pacific was the largest region in the smart pneumatics market in 2024 and is expected to be the fastest-growing region in the smart pneumatics market report forecast period. The regions covered in the smart pneumatics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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