Smart Pneumatics Industry 2021-2027
New Study Reports “ Smart Pneumatics Industry 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027” has been Added on MarketResearchFuture.
Introduction/Report Summary:
This report provides in depth study of “Smart Pneumatics Industry” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Smart Pneumatics Industry report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The Smart Pneumatics Industry was valued at USD 3.14 billion in 2017 and is expected to reach USD 6.76 billion by the end of the forecast period at a CAGR of 7.5%.
The global smart pneumatics market is studied in great detail in the report, which includes a detailed analysis of the market’s historical growth trajectory and present condition. Major trends operating in the global smart pneumatics market are examined in the report. Based on this information, accurate and reliable projections for the market’s likely growth trajectory over the forecast period till 2023 are presented in the report. Leading drivers and restraints operating on the global smart pneumatics market are examined in the report. The impact of these major drivers and restraints on the global smart pneumatics market is examined in detail in the report. Thus, the major factors enabling the market’s growth are enlisted and profiled in the report. Leading players operating in the global smart pneumatics market are also profiled in the research report. The competitive landscape of the global smart pneumatics market is thus examined in detail in the report. The report also examines the impact of the COVID-19 pandemic on the global smart pneumatics market.
Smart pneumatics comprise of advanced pneumatic equipment that can generate real-time data while the device is operating. This real-time data generation has helped engineers and device operators to know how each equipment operates under different conditions. Smart pneumatics are rapidly replacing conventional pneumatic devices due to this feature of simultaneous data recording and maintenance. The data generation features also leads to more accurate monitoring of the faults in the machine in real time. This has helped operators/engineers to locate the issues with exact precision and save time and cost of maintenance. Although the smart pneumatic systems are quite expensive, tier-1 manufacturers have already adopted these devices and are benefitting from its features. This is likely to lead to increased awareness about the benefits of smart pneumatics in the industrial sector, leading to more widespread adoption.
One of the prime factors contributing to the growth of the smart pneumatics market is the increased advent of the Internet of Things (IoT) across industries. Industrial internet of things (IIoT) has taken over industrial components by adding smart systems in the existing ones. The pneumatic systems used earlier in the industries were fast and reliable. However, IIoT has further increased their capability by making the pneumatic devices generate data for analytical operations. This data has helped in maintaining energy efficiency, resulting in less cost to the manufacturers. Moreover, the increased awareness of industrial manufacturers about predictive maintenance is also boosting the market growth. However, the high amount of investment required for industrial valve projects and lack of universal standardization for smart pneumatic devices is limiting the market growth.
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Key Players
The report has profiled some of the Important players prevalent in the global like – The key players in the Smart Pneumatics Industry are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Emerson Electric Co. (US), Festo Corporation (US), Parker Hannifin Corporation (US), Bimba Manufacturing Co. (US), Rotork PLC (UK), Rotex Automation Limited (India), Thomson Industries Inc. (US), Aventics GmbH (Germany), Cypress EnviroSystems Corp. (US), Ningbo Smart Pneumatic Co. Ltd (China). These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 30%–35% in the Smart Pneumatics Industry and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smart Pneumatics.
Segmentation:
The global smart pneumatics market is segmented on the basis of type, component, end use, and region.
By type, the global smart pneumatics market is segmented into smart pneumatic valve, smart pneumatic actuator, and smart pneumatic module.
By component, the global smart pneumatics market is segmented into hardware and software.
By end use, the global smart pneumatics market is segmented into automotive, oil and gas, food and beverage, energy and power, and others.
Regional Analysis:
Asia Pacific is likely to dominate the global smart pneumatics market over the forecast period due to the increasing number of smart factories in the region. The increasing industrialization in emerging economies such as China, India, and several ASEAN countries is likely to be a major driver for the global smart pneumatics market over the forecast period.
Key Stakeholders
Smart Pneumatics Industry Manufacturers
Smart Pneumatics Industry Distributors/Traders/Wholesalers
Smart Pneumatics Industry Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Key Points from Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
….
12 Company Profiles
12.1 Emerson Electric
12.1.1 Company Overview
12.1.2 Type/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.1.6 Key Strategies
12.2 Festo
12.2.1 Company Overview
12.2.2 Type/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.2.6 Key Strategies
12.3 Parker Hannifin
12.3.1 Company Overview
12.3.2 Type/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.3.5 SWOT Analysis
12.3.6 Key Strategies
12.4 Bimba Manufcatruing
12.4.1 Company Overview
12.4.2 Type/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.4.5 SWOT Analysis
12.4.6 Key Strategies
And more
Continued…
Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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