What is the global market size of Smart Pneumatics Market?

Global Smart Pneumatics Market size was valued at USD 3.6 billion in 2021 and is poised to grow from USD 3.84 billion in 2022 to USD 6.3 billion by 2030, growing at a CAGR of 6.4% in the forecast period (2023-2030).

Smart Pneumatics Market Size, Share, Growth Analysis, By Component(Sensors, Controllers, and Actuators), By Type of Pneumatic System(Single Acting, and Double Acting), By Communication Protocol(Fieldbus, and Industrial Ethernet), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25S2043 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 88 | Figures: 76

Smart Pneumatics Market News

In October 2023, Toyota Material Handling introduced a new range of 48V and 80V electric pneumatic forklifts. This sturdy line is designed to resist outdoor terrain and function in a range of weather circumstances. The forklifts are intended for use in retail settings, such as home centers, landscaping, lumberyards, and retail assistance.
September 2023: At Pack Expo 2023, Festo shows off its new distributed I/O solution, the CPX-AP-A. Festo has extended its already comprehensive line of electric and pneumatic equipment with the release of special message block AS (for programming systems). CPX-AP comes in two forms, for decentralized I/Os adapted to frequency control. With regard to performance, flexibility and cost-effectiveness as well as engineering productivity this comprehensive line is unrivaled in the world.
May 2023: Danfoss Power Solutions demonstrated its Dxtreme system for excavators, which is based on the company ’ s Digital Displacement pump (DDP). The system substitutes a digital pump controller and DDP for the conventional hydraulic pump.

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Smart Pneumatics Market size was valued at USD 3.84 billion in 2022 and is poised to grow from USD 4.09 billion in 2023 to USD 6.71 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).

The Smart Pneumatics market is highly competitive, and it features a constant tug-of-war between main players and supporting actors actively jostling for position. Many in the industry aim at strategic alliances, product developments and geographical expansion to reinforce their market positions. Also, the landscape is open to newcomers; in fact startups and small firms can use their specialized products as springboards for competition. 'Emerson Electric Co. (US)', 'Festo AG & Co. KG (Germany)', 'Parker Hannifin Corporation (US)', 'SMC Corporation (Japan)', 'Bosch Rexroth AG (Germany)', 'Schneider Electric SE (France)', 'Honeywell International Inc. (US)', 'Eaton Corporation plc (US)', 'Mitsubishi Heavy Industries Ltd. (Japan)', 'Rockwell Automation Inc. (US)', 'Metso Corporation (Finland)', 'Norgren (UK)', 'Aventics (Germany)', 'SMC Pneumatics (UK) Ltd. (UK)', 'IMI Precision Engineering (UK)', 'Bimba Manufacturing Co. (US)', 'Avenair Inc. (US)', 'SMC Korea Co., Ltd. (South Korea)', 'IMI Norgren (Italy)', 'AirTAC International Corporation (Taiwan)'

Rising expectations for increased operational efficiency in manufacturing. The sensors transmit the information back to a computer. With advanced controls, Smart Pneumatics can be monitored live and data scrubbed for use in future application improvements. Additionally, the upsurge in Industry 4.0-related efforts aimed at increasing connectivity and intelligent automation adds fuel to this fire.

Rising Integration of Industrial Internet of Things (IIoT) Technologies: The Offering capable integration with other machines, bringing pneumatic systems into the age of Industrial Internet of Things (IIoT). This makes it easier for real-time monitoring, predictive maintenance and overall operational adjustment. The second major development is the use of machine learning for analysis, predictive maintenance models which allow smart pneumatics to see problems in advance and schedule cutting down downtime.

It will not be surprising if Asia-Pacific is the location of most smart pneumatics in use, because it has strong industrialization thanks to countries such as China and India. Asia-Pacific is set to become a major player in the smart pneumatics market as digitization and automation takes root, while massive investments are being made by its industrial hubs.

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Smart Pneumatics Market Size, Share, Growth Analysis, By Component(Sensors, Controllers, and Actuators), By Type of Pneumatic System(Single Acting, and Double Acting), By Communication Protocol(Fieldbus, and Industrial Ethernet), By Region - Industry Forecast 2024-2031

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