Smart Pneumatics industry

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Smart Pneumatics industry by Type (Smart Pneumatic Valve, Smart Pneumatic Actuator, Smart Pneumatic Module), Component (Hardware, Software), End-User (Automotive, Oil & Gas, Food & Beverage, Energy & Power) — Global Forecast till 2023

Smart Pneumatics industry Research Report

By Forecast 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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Smart Pneumatics industry Forecast To 2023

Smart Pneumatics industry Forecast To 2023

• The global Smart Pneumatics industry was worth USD 3.14 billion in 2017 and could touch the

valuation of USD 4.76 billion by 2023, says Market Research Future (MRFR). It is projected to

achieve a CAGR of 7.5% during the forecast period (2018-2023).

• Smart pneumatic systems that form an integral part of any industry are generally powered by

compressed air to transmit and control power. A pneumatic system that is organized using manual

or automatic solenoid valves is chosen when it delivers a lower cost, highly flexible, or safer

alternative to electric motors as well as actuators. Pneumatic tube systems help reduce personnel

costs as the errands are automated, in addition to the surge in the consistency of transport

processes.


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Smart Pneumatics industry Forecast To 2023

“Taste the market data and market information presented through more than 50 market data tables

and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content

TOC & market synopsis on Smart Pneumatics industry Forecast To 2023”

• The Smart Pneumatics industry has gained momentum in recent years with the penetration of

digitization as well as IIoT as the latter’s incorporation lets the companies connect sensors to

observe parameters such as temperature, noise, and vibration. IIoT helps enable a single platform

where companies are able to incorporate all the data and then process them as needed. Apart from

this, mounting awareness with regard to predictive maintenance and the need for wireless

infrastructure to monitor tools within a plant benefits the global market.

• With that said, nonexistence of standardized certifications could prove to be a challenge for the

Smart Pneumatics industry in the coming years. On the bright side, smart pneumatic market is

brimming with a host of opportunities as the future can expect technical inventions with higher

capabilities. In addition, initiation of artificial intelligence and machine learning could ensure the

market growth is smooth in the near future.


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Smart Pneumatics industry Forecast To 2023

Global Smart Pneumatics industry Segmented on the basis of

The worldwide market for smart pneumatics has been segmented on the basis of type, component and

end-user.

With respect to the type, the smart pneumatic market has been considered for smart pneumatic valve,

smart pneumatic actuator, and smart pneumatic module.

Component-based segments mentioned in the report are hardware and software. Hardware is further

segmented into sensor and communication equipment. The software segment can be narrowed down to

data integration software, diagnostic reporting, and parameter calculation.

Depending on the end-user, the smart pneumatic market caters to automotive, oil & gas, food & beverage,

energy & power, and others.


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Smart Pneumatics industry Forecast To 2023

Global Smart Pneumatics industry - Geographical Analysis

• The Smart Pneumatics industry has been studied in the key regions of North America, Asia Pacific (APAC),

Europe, as well as the rest of the world (RoW).

• Asia Pacific could achieve the top position in the worldwide Smart Pneumatics industry during the review

period. The market growth is in response to the rising adoption of smart manufacturing or Industry 4.0 across

various industries. Also, surging focus on ideal asset application, strict government regulations for the

workplace as well as personal safety works in favor of the market. Another growth-inducing factor in the

market include the tight superiority control in the semiconductor, automotive, food & beverages and

chemicals, industries.

• The mounting awareness about predictive maintenance along with high penetration of digitization and IIoT is

backing up the market growth in North America. Also, the need for wireless infrastructure to maintain and

monitor equipment in plants is expected to benefit the regional market in subsequent years.

• The Europe market is gaining traction with the rising adoption of smart factors, which gives way to increasing

use of pneumatic devices to control the flow mechanism of air within the pneumatic system. The advent of IIoT

and industry 4.0 in the region also boost market growth.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/7589


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Smart Pneumatics industry Forecast To 2023

Global Smart Pneumatics industry

- Competitive Analysis

• Bimba Manufacturing Co. (US), Parker Hannifin Corporation (US), Rotork PLC (UK), Emerson Electric Co. (US),

Thomson Industries Inc. (US), Aventics GmbH (Germany), Festo Corporation (US), Rotex Automation Limited

(India), Cypress EnviroSystems Corp (US), Ningbo Smart Pneumatic Co. Ltd (China) are the top players in the Smart

Pneumatics industry. Apart from these players, other companies contribute close to 30%–35% in the Smart

Pneumatics industry.

• Browse Report @ https://www.marketresearchfuture.com/reports/smart-pneumatics-market-7589


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ABOUT US

MARKET RESEARCH FUTURE

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report

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studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments,

enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and

industrial visits for its research analyst members.

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Copyright © 2018 Market Research Future

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