Pneumatic Components Market Size, Share, Growth Analysis, By Type(Air Treatment Components, Pneumatic Valves, and Pneumatic Cylinders), By Application(Electronics, Chemicals, Machinery, and Others), By Region - Industry Forecast 2024-2031

Global Pneumatic Components Market size was valued at USD 12.8 billion in 2022 and is poised to grow from USD 13.44 billion in 2023 to USD 19.86 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

Pneumatic components are solutions that work on the mechanism of compressed air or gas. These components power the mobile parts with compressed air. Pneumatic components play a vital role in powering various machinery and equipment that require precise and effective control movement. The rapidly increasing manufacturing sector across the globe is directly boosting the sales of pneumatic components. The incorporation of pneumatic components with Industry 4.0 technologies is fueling automation, data exchange, and connectivity in manufacturing. Furthermore, the growing sustainability trend is leading to the production of energy-efficient pneumatic components, leading to reduced environmental impact and operational costs.

Miniaturization is an emerging trend, and it is gaining popularity in several industries. The pneumatic components market is also enjoying this trend by developing compact solutions. Compact pneumatic components due to their small size are exhibiting high demand across the end-use industries.