The Smart Pneumatic Market size was estimated at USD 4.2 billion in 2022 and is expected to reach USD 7.10 billion by 2030 at a CAGR of 6.8% during the forecast period of 2023-2030.
Because they require less maintenance, smart pneumatics are becoming more common. Compared to other Components of pneumatics, they are more durable and offer better performance. Among the most widely used Components of smart pneumatics are smart pneumatic actuators and smart pneumatic valves. The general dependability of operations will benefit from this trend. The market is expanding thanks to "smarter" technology like Industry 4.0. Since they allow businesses to monitor and control their operations in real-time, the demand for smart pneumatics monitors is anticipated to rise. Smart pneumatics systems are becoming more popular as a result of Industry 4.0 and the Industrial Internet of Things (IoT). Through real-time monitoring and control, this can assist businesses in improving their operations. Predictive maintenance is one area of attention. Remote monitoring and predictive maintenance are becoming. crucial since they can cut down on maintenance expenses and downtime for industrial businesses. According to Accenture, predictive maintenance can reduce maintenance expenses by up to 30%, save up to 12% over planned repairs, and avert up to 70% of problems. For fluid power systems, predictive maintenance necessitates a higher level of condition monitoring and remote monitoring.
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MARKET DYNAMICS
DRIVER
Take into account the expanding need for effective and automated industrial operations, where smart pneumatics can provide real-time monitoring and control.
Along with it, Industry 4.0 and the Industrial Internet of Things (IIoT) are becoming more prevalent, which propels the incorporation of smart technology into manufacturing settings.
RESTRAIN
Particularly when it comes to the integration of sensors and data infrastructure, smart pneumatics might have expensive upfront implementation costs.
Concerns regarding cybersecurity and data privacy may also hinder the deployment of networked pneumatic systems.
The difficulty of switching from conventional pneumatic systems to intelligent substitutes may further hinder acceptance.
OPPORTUNITY
lay in the capacity of smart pneumatics to offer insights into preventative maintenance, resulting in reduced downtime and increased operational effectiveness.
Smart pneumatics can flourish as a result of the rising popularity of remote monitoring and control, particularly in the wake of the COVID-19 pandemic.
CHALLENGES
Since standardization is essential for seamless integration, there may be obstacles to interoperability between the solutions of various suppliers.
Due to the complexity of switching to smart pneumatics, especially for existing systems, careful planning and possibly disruptive changes are required.
According to a hypothetical scenario, the smart pneumatics market might grow at a compound annual growth rate (CAGR) of approximately 6-8% over the course of the next five years, depending on how these drivers, restraints, opportunities, and challenges balance out.
IMPACT OF RUSSIAN RUSSIAN-UKRAINE WAR
The Russian-Ukrainian conflict has intensified, posing a wide range of issues that could affect markets for products like smart pneumatics. Geopolitical tensions, trade restrictions, and transportation issues can cause supply chain interruptions, delaying the supply of vital parts and materials needed to manufacture smart pneumatics. These delays might cause production to slacken, which would decrease the availability of smart pneumatic items.
The conflict's economic fallout may have repercussions for the market for smart pneumatics. Geopolitical uncertainty may cause businesses to invest less and adopt new technology more cautiously, like smart pneumatics. Businesses would delay capital investments and projects, which would affect the need for sophisticated automation solutions.
IMPACT OF ONGOING RECESSION
An increase in retail inflation will have an effect on consumer confidence and expenditure. The government's efforts to control inflation by raising interest rates will limit the creation of new jobs, which will have an effect on economic activity and growth. Because of concerns about inflation and decreased demand, businesses are delaying investments, which will result in lower capital spending. The developed markets appear ready for a recession due to weaker growth and excessive inflation. This year, there is a genuine chance that the globe will experience more severe supply chain pain and manufacturing interruptions because of worries about additional COVID-19 outbreaks and China's already hazy post-pandemic future. The complexity of the challenges will increase as a result of volatile financial markets, rising trade tensions, tougher regulatory environments, and the demand to integrate climate change into economic decisions.
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
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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 the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
In the United States, the market for smart pneumatics is anticipated to reach US$1.3 billion in 2020. The second-largest economy in the world, China, is anticipated to grow at a CAGR of 5% from 2020 to 2030 to reach a projected market size of US$1.2 billion. Japan and Canada are two more notable geographic markets, with growth rates of 5.2% and 4.3%, respectively, predicted for each for the years 2020–2030. Germany is anticipated to expand at a CAGR of roughly 4.4% within Europe.
Asia-Pacific market growth is expected to be restrained by the rising adoption of worldwide safety standards and practices as well as increased investments in new facilities for the production of oil and gas, steel, power, and petrochemicals. Only this region has seen an increase in oil and gas capacity in recent years, and four new refineries have been erected there, increasing world crude oil production by around 750,000 barrels per day.
Additionally, the government of Cambodia signed a contract for the construction of a wastewater treatment facility in the Dangkor area with the Japanese International Cooperation Agency. With a $25 million investment, the project aimed to upgrade the district's drainage system so that effluent would go directly to the plant rather than the river.
The major key players are Emerson Electric Co., Festo AG & Co. KG, Parker Hannifin Corporation, Bimba Manufacturing Co., Rotork plc, Metso Corporation, Thomson Industries, Inc., and others.
Emerson Electric Co-Company Financial Analysis
RECENT DEVELOPMENT
Emerson: In January 2023, radar transmitters from the RosemountTM 1208 Level and Flow Transmitter Series were made available by Emerson. It improves utility applications in the process, water, and wastewater sectors.
Emerson launched: In December 2022, Emerson launched the ASCOTM Series 209 proportional flow control valves. These provide the optimal balance of accuracy, pressure ratings, flow characteristics, and energy efficiency in a specially created, compact construction.
| Report Attributes | Details |
| Market Size in 2022 | US$ 4.2 Bn |
| Market Size by 2030 | US$ 7.10 Bn |
| CAGR | CAGR of 6.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • 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) |
| Regional Analysis/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) |
| Company Profiles | Emerson Electric Co., Festo AG & Co. KG, Parker Hannifin Corporation, Bimba Manufacturing Co., Rotork plc, Metso Corporation, Thomson Industries, Inc. |
| Key Drivers | • Take into account the expanding need for effective and automated industrial operations, where smart pneumatics can provide real-time monitoring and control. • Along with it, Industry 4.0 and the Industrial Internet of Things (IIoT) are becoming more prevalent, which propels the incorporation of smart technology into manufacturing settings. |
| Market Restrain | • Particularly when it comes to the integration of sensors and data infrastructure, smart pneumatics might have expensive upfront implementation costs. • Concerns regarding cybersecurity and data privacy may also hinder the deployment of networked pneumatic systems. • The difficulty of switching from conventional pneumatic systems to intelligent substitutes may further hinder acceptance. |
The Smart Pneumatic Market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
According to our analysis, the Smart Pneumatic Market is anticipated to reach USD 7.10 billion By 2030.
In 2022, the market was dominated by the smart pneumatic valve category.
The leading participants the Emerson Electric Co., Festo AG & Co. KG, Parker Hannifin Corporation, and Bimba Manufacturing Co.
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Smart Pneumatic Market, By Component
8.1 Hardware
8.2 Software and Services
9. Smart Pneumatic Market, By Type
9.1 Smart Pneumatic Valves
9.2 Smart Pneumatic Actuators
9.3 Smart Pneumatic Modules
10. Smart Pneumatic Market, By Industry
10.1 Oil & Gas
10.2 Energy & Power
10.3 Water & Wastewater
10.4 Automotive
10.5 Semiconductor
10.6 Food & Beverage
10.7 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Smart Pneumatic Market by Country
11.2.2North America Smart Pneumatic Market by Component
11.2.3 North America Smart Pneumatic Market by Type
11.2.4 North America Smart Pneumatic Market by Industry
11.2.5 USA
11.2.5.1 USA Smart Pneumatic Market by Component
11.2.5.2 USA Smart Pneumatic Market by Type
11.2.5.3 USA Smart Pneumatic Market by Industry
11.2.6 Canada
11.2.6.1 Canada Smart Pneumatic Market by Component
11.2.6.2 Canada Smart Pneumatic Market by Type
11.2.6.3 Canada Smart Pneumatic Market by Industry
11.2.7 Mexico
11.2.7.1 Mexico Smart Pneumatic Market by Component
11.2.7.2 Mexico Smart Pneumatic Market by Type
11.2.7.3 Mexico Smart Pneumatic Market by Industry
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Smart Pneumatic Market by Country
11.3.1.2 Eastern Europe Smart Pneumatic Market by Component
11.3.1.3 Eastern Europe Smart Pneumatic Market by Type
11.3.1.4 Eastern Europe Smart Pneumatic Market by Industry
11.3.1.5 Poland
11.3.1.5.1 Poland Smart Pneumatic Market by Component
11.3.1.5.2 Poland Smart Pneumatic Market by Type
11.3.1.5.3 Poland Smart Pneumatic Market by Industry
11.3.1.6 Romania
11.3.1.6.1 Romania Smart Pneumatic Market by Component
11.3.1.6.2 Romania Smart Pneumatic Market by Type
11.3.1.6.4 Romania Smart Pneumatic Market by Industry
11.3.1.7 Turkey
11.3.1.7.1 Turkey Smart Pneumatic Market by Component
11.3.1.7.2 Turkey Smart Pneumatic Market by Type
11.3.1.7.3 Turkey Smart Pneumatic Market by Industry
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Smart Pneumatic Market by Component
11.3.1.8.2 Rest of Eastern Europe Smart Pneumatic Market by Type
11.3.1.8.3 Rest of Eastern Europe Smart Pneumatic Market by Industry
11.3.2 Western Europe
11.3.2.1 Western Europe Smart Pneumatic Market by Component
11.3.2.2 Western Europe Smart Pneumatic Market by Type
11.3.2.3 Western Europe Smart Pneumatic Market by Industry
11.3.2.4 Germany
11.3.2.4.1 Germany Smart Pneumatic Market by Component
11.3.2.4.2 Germany Smart Pneumatic Market by Type
11.3.2.4.3 Germany Smart Pneumatic Market by Industry
11.3.2.5 France
11.3.2.5.1 France Smart Pneumatic Market by Component
11.3.2.5.2 France Smart Pneumatic Market by Type
11.3.2.5.3 France Smart Pneumatic Market by Industry
11.3.2.6 UK
11.3.2.6.1 UK Smart Pneumatic Market by Component
11.3.2.6.2 UK Smart Pneumatic Market by Type
11.3.2.6.3 UK Smart Pneumatic Market by Industry
11.3.2.7 Italy
11.3.2.7.1 Italy Smart Pneumatic Market by Component
11.3.2.7.2 Italy Smart Pneumatic Market by Type
11.3.2.7.3 Italy Smart Pneumatic Market by Industry
11.3.2.8 Spain
11.3.2.8.1 Spain Smart Pneumatic Market by Component
11.3.2.8.2 Spain Smart Pneumatic Market by Type
11.3.2.8.3 Spain Smart Pneumatic Market by Industry
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Smart Pneumatic Market by Component
11.3.2.9.2 Netherlands Smart Pneumatic Market by Type
11.3.2.9.3 Netherlands Smart Pneumatic Market by Industry
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Smart Pneumatic Market by Component
11.3.2.10.2 Switzerland Smart Pneumatic Market by Type
11.3.2.10.3 Switzerland Smart Pneumatic Market by Industry
11.3.2.11.1 Austria
11.3.2.11.2 Austria Smart Pneumatic Market by Component
11.3.2.11.3 Austria Smart Pneumatic Market by Type
11.3.2.11.4 Austria Smart Pneumatic Market by Industry
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Smart Pneumatic Market by Component
11.3.2.12.2 Rest of Western Europe Smart Pneumatic Market by Type
11.3.2.12.3 Rest of Western Europe Smart Pneumatic Market by Industry
11.4 Asia-Pacific
11.4.1 Asia-Pacific Smart Pneumatic Market by Country
11.4.2 Asia-Pacific Smart Pneumatic Market by Component
11.4.3 Asia-Pacific Smart Pneumatic Market by Type
11.4.4 Asia-Pacific Smart Pneumatic Market by Industry
11.4.5 China
11.4.5.1 China Smart Pneumatic Market by Component
11.4.5.2 China Smart Pneumatic Market by Type
11.4.5.3 China Smart Pneumatic Market Industry
11.4.6 India
11.4.6.1 India Smart Pneumatic Market by Component
11.4.6.2 India Smart Pneumatic Market by Type
11.4.6.3 India Smart Pneumatic Market by Industry
11.4.7 Japan
11.4.7.1 Japan Smart Pneumatic Market by Component
11.4.7.2 Japan Smart Pneumatic Market by Type
11.4.7.3 Japan Smart Pneumatic Market by Industry
11.4.8 South Korea
11.4.8.1 South Korea Smart Pneumatic Market by Component
11.4.8.2 South Korea Smart Pneumatic Market by Type
11.4.8.3 South Korea Smart Pneumatic Market by Industry
11.4.9 Vietnam
11.4.9.1 Vietnam Smart Pneumatic Market by Component
11.4.9.2 Vietnam Smart Pneumatic Market by Type
11.4.9.3 Vietnam Smart Pneumatic Market by Industry
11.4.10 Singapore
11.4.10.1 Singapore Smart Pneumatic Market by Component
11.4.10.2 Singapore Smart Pneumatic Market by Type
11.4.10.3 Singapore Smart Pneumatic Market by Industry
11.4.11 Australia
11.4.11.1 Australia Smart Pneumatic Market by Component
11.4.11.2 Australia Smart Pneumatic Market by Type
11.4.11.3 Australia Smart Pneumatic Market by Industry
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Smart Pneumatic Market by Component
11.4.12.2 Rest of Asia-Pacific Smart Pneumatic Market by Type
11.4.12.3 Rest of Asia-Pacific Smart Pneumatic Market by Industry
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Smart Pneumatic Market by Country
11.5.1.2 Middle East Smart Pneumatic Market by Component
11.5.1.3 Middle East Smart Pneumatic Market by Type
11.5.1.4 Middle East Smart Pneumatic Market by Industry
11.5.1.5 UAE
11.5.1.5.1 UAE Smart Pneumatic Market by Component
11.5.1.5.2 UAE Smart Pneumatic Market by Type
11.5.1.5.3 UAE Smart Pneumatic Market by Industry
11.5.1.6 Egypt
11.5.1.6.1 Egypt Smart Pneumatic Market by Component
11.5.1.6.2 Egypt Smart Pneumatic Market by Type
11.5.1.6.3 Egypt Smart Pneumatic Market by Industry
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Smart Pneumatic Market by Component
11.5.1.7.2 Saudi Arabia Smart Pneumatic Market by Type
11.5.1.7.3 Saudi Arabia Smart Pneumatic Market by Industry
11.5.1.8 Qatar
11.5.1.8.1 Qatar Smart Pneumatic Market by Component
11.5.1.8.2 Qatar Smart Pneumatic Market by Type
11.5.1.8.3 Qatar Smart Pneumatic Market by Industry
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Smart Pneumatic Market by Component
11.5.1.9.2 Rest of Middle East Smart Pneumatic Market by Type
11.5.1.9.3 Rest of Middle East Smart Pneumatic Market by Industry
11.5.2 Africa
11.5.2.1 Africa Smart Pneumatic Market by Country
11.5.2.2 Africa Smart Pneumatic Market by Component
11.5.2.3 Africa Smart Pneumatic Market by Type
11.5.2.4 Africa Smart Pneumatic Market by Industry
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Smart Pneumatic Market by Component
11.5.2.5.2 Nigeria Smart Pneumatic Market by Type
11.5.2.5.3 Nigeria Smart Pneumatic Market by Industry
11.5.2.6 South Africa
11.5.2.6.1 South Africa Smart Pneumatic Market by Component
11.5.2.6.2 South Africa Smart Pneumatic Market by Type
11.5.2.6.3 South Africa Smart Pneumatic Market by Industry
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Smart Pneumatic Market by Component
11.5.2.7.2 Rest of Africa Smart Pneumatic Market by Type
11.5.2.7.3 Rest of Africa Smart Pneumatic Market by Industry
11.6 Latin America
11.6.1 Latin America Smart Pneumatic Market by Country
11.6.2 Latin America Smart Pneumatic Market by Component
11.6.3 Latin America Smart Pneumatic Market by Type
11.6.4 Latin America Smart Pneumatic Market by Industry
11.6.5 Brazil
11.6.5.1 Brazil Smart Pneumatic Market by Component
11.6.5.2 Brazil Smart Pneumatic Market by Type
11.6.5.3 Brazil Smart Pneumatic Market by Industry
11.6.6 Argentina
11.6.6.1 Argentina Smart Pneumatic Market by Component
11.6.6.2 Argentina Smart Pneumatic Market by Type
11.6.6.3 Argentina Smart Pneumatic Market by Industry
11.6.7 Colombia
11.6.7.1 Colombia America Smart Pneumatic Market by Component
11.6.7.2 Colombia America Smart Pneumatic Market by Type
11.6.7.3 Colombia America Smart Pneumatic Market by Industry
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Smart Pneumatic Market by Component
11.6.8.2 Rest of Latin America Smart Pneumatic Market by Type
11.6.8.3 Rest of Latin America Smart Pneumatic Market by Industry
12. Company profile
12.1 Emerson Electric Co.
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Component/Services/Types
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Festo AG & Co. KG
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Component/Services/Types
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Parker Hannifin Corporation
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Component/Services/Types
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Bimba Manufacturing Co.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Component/Services/Types
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Rotork plc
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Component/Services/Types
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Metso Corporation
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Component/Services/Types
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Thomson Industries, Inc.
12.7.2 Financials
12.7.3 Component/Services/Types
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Aventics GmbH
12.7.1 Company Overview
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Component/Services/Types
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Cypress EnviroSystems Corp
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Component/Services/Types
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Ningbo Smart Pneumatic Co., Ltd.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Component/Services/Types
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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