Pune, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Smart Pneumatic Market Size & Share Analysis:
“According to SNS Insider Research, The Smart Pneumatic Market size was estimated at US$ 4.59 billion in 2023 and is expected to reach US$ 8.13 billion by 2032, with a growing at CAGR of 6.55% during the forecast period of 2024-2032.”
Revolutionizing Industrial Automation: The Role of Smart Pneumatics in Enhancing Efficiency and Sustainability
Smart pneumatics are revolutionizing industrial automation by combining real-time data, IoT connectivity, and advanced analytics to enhance productivity and operational efficiency. These systems are particularly valued for their ability to optimize energy usage, minimize downtime, and enable predictive maintenance, making them integral to modern industrial operations. As sustainability becomes a key priority for industries worldwide, the demand for energy-efficient smart pneumatic solutions continues to rise. According to the research, improving industrial energy efficiency could account for up to 25% of global energy savings by 2040, making innovations like smart pneumatics crucial in meeting these targets. Additionally, the growing reliance on smart actuators and sophisticated software tools is reshaping manufacturing processes, enabling data-driven decision-making and automation at unprecedented levels. This trend is a core component of Industry 4.0, where interconnected, intelligent systems are set to redefine global production and manufacturing, driving the future of smart manufacturing solutions.
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Major Players Analysis Listed in this Report are:
- Emerson Electric Co.
- Festo AG & Co. KG
- Parker Hannifin Corporation
- Bimba Manufacturing Co.
- Rotork plc
- Metso Corporation
- Thomson Industries, Inc.
- SMC Corporation
- Bosch Rexroth AG
- Norgren
- Schneider Electric SE
- Aventics GmbH
- Camozzi Automation S.p.A.
- CKD Corporation
- Yokogawa Electric Corporation
- AirTAC International Group
- Hafner Pneumatics
- SMAC Corporation
- Bürkert Fluid Control Systems
- ABB Ltd. & Other Players
Smart Pneumatic Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | USD 4.59 Billion |
| Market Size by 2032 | USD 8.13 Billion |
| CAGR | CAGR of 6.55% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
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The Smart Pneumatic Market is growing rapidly due to the rising demand for energy-efficient solutions that help industries optimize energy use, reduce costs, and support sustainability goals.
The Smart Pneumatic Market is experiencing significant growth, driven by the increasing demand for energy-efficient solutions across various industries. With energy consumption in industries accounting for almost one-third of global energy use, there is a pressing need to adopt systems that reduce energy waste. Smart pneumatic systems, integrated with advanced sensors and software, enable real-time monitoring and optimization of energy usage. These systems provide actionable insights that help manufacturers minimize energy consumption, thereby reducing operational costs and supporting sustainability initiatives. As industries strive to meet global sustainability goals and reduce their carbon footprints, the adoption of energy-efficient solutions like smart pneumatic systems is expected to accelerate.
Software and Services Segment Leads Market with Over 62% Share in 2023, Driving Real-Time Monitoring and IoT Integration
The Software and Services segment dominated with a market share of over 62% in 2023. These solutions enable real-time monitoring, predictive maintenance, and seamless integration with Internet of Things (IoT) platforms, making them critical for optimizing performance and efficiency. As industries adopt smart technologies, the demand for software systems that integrate various operational functions continues to rise. Moreover, the increasing need for system integration, training, and maintenance services has further propelled the growth of this segment. Companies are increasingly turning to these services to enhance their operational efficiency and ensure the smooth running of their technology ecosystems.
Smart Pneumatic Actuators accounted for over 42% of the market share in 2023. Emerging as a key technology across various industries. These actuators are highly valued for their ability to provide precise motion control, reducing energy consumption while enhancing overall system efficiency. Their integration with IoT (Internet of Things) systems allows for real-time monitoring, enabling better decision-making and performance optimization. This feature supports automation processes and predictive maintenance, leading to reduced downtime and maintenance costs. The growing demand for automation in industries like automotive, oil & gas, and manufacturing has significantly contributed to the rise of smart actuators.
Smart Pneumatic Market Key Segmentation
By Component
- Hardware
- Software and Services
By Type
- Smart Pneumatic Valves
- Smart Pneumatic Actuators
- Smart Pneumatic Modules
By Industry
- Oil & Gas
- Energy & Power
- Water & Wastewater
- Automotive
- Semiconductor
- Food & Beverage
- Others (Pharmaceuticals, Chemicals, and Metal & Mining)
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Asia-Pacific Dominates Smart Pneumatic Market in 2023, While North America Emerges as the Fastest-Growing Region
Asia-Pacific led the Smart Pneumatic Market with a 35% market share in 2023, This leadership can be attributed to the region's vast industrial base and rapid advancements in technology. Major economies like China, Japan, and India have emerged as key contributors, utilizing advanced manufacturing systems to boost productivity. The region's strong focus on implementing Industry 4.0 technologies, which emphasize automation and data exchange, has further fueled the demand for smart pneumatic solutions.
North America is rapidly emerging as the fastest-growing region for smart pneumatic systems, driven by a surge in demand for automation across industries such as aerospace, manufacturing, and automotive. The region’s robust focus on research and development (R&D) plays a key role in advancing technological innovations, including the integration of Internet of Things (IoT) technologies into pneumatic systems. These advancements enable smarter, more efficient operations, boosting productivity and reducing operational costs.
Recent Developments
- In August 2024: SMC Corporation launched a new top-ported compact 5-port solenoid valve, expanding its JSY3000 valve series. As a leader in pneumatic technology, this latest iteration offers optional pressure sensor compatibility, improving convenience and flexibility for industrial automation applications.
- In June 2024: SMAC Moving Coil Actuators launched its LBR and LDR Series of linear rotary actuators. The company stated that these actuators are integrated with its Smart Screwdriver technology, enabling accurate screw insertion and tightening in automated manufacturing processes.
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Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Smart Pneumatic Market Segmentation, By Component
8. Smart Pneumatic Market Segmentation, By Type
9. Smart Pneumatic Market Segmentation, By Industry
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practices
13. Conclusion
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