Pneumatic equipment: Key market research findings
- APAC dominates the market geographically
- Cylinder segment accounts for a majority share of the market’s revenue
- Key vendors – AVENTICS, Festo, Parker Hannifin, Ross Controls, and SMC
Technavio’s market research analysts predict the global market for pneumatic equipment to grow at a CAGR of around 5% between 2016 and 2020. The growth of this market can be accredited to the increased integration of pneumatic equipment with remote controllers. For pneumatic equipment, the combination of the sensors integrated into the network system will enable manufacturing industries to collect real-time data on pressure cylinder speed, temperature, and travel. Remote monitoring enables pneumatic equipment manufacturers to develop future products. The global pneumatic equipment market was dominated by the APAC region during 2015 by accounting for almost 41% of the overall market revenue. An expanding population, increasing industrialization, and rapid urbanization in the region, especially in China and India, will indirectly contribute to the growth of the pneumatic equipment market in APAC during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the pneumatic equipment segments based on the type.
“The incorporation of servo-pneumatic equipment results in a more precise and smoother operation as opposed to conventional pneumatics, making it as good and effective as electromechanical equipment. This is possible with the use of special motion control capabilities that are designed specifically for pneumatic motion regulation, and also integrating it with other high-performance components. The multiple axis motions can be controlled with the integration of high-performance motion controllers,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research.
By 2020, the cylinder segment will continue its market dominance by accounting for almost 33% of the overall market revenue. Pneumatic cylinders are mainly used due to their low initial cost and durability. They are simple, easy to maintain, and provide reasonable control over machine movements in industrial plants. A pneumatic cylinder generates its motion by transforming the energy from the compressed air. The product segment includes single and double acting cylinders, single and twin hollow rod cylinders, grippers, rotary cylinders, and compact cylinders, locking head and multi-positional cylinders, and rod slide units capable of providing a blend of rotary and linear motion.
The key vendors in the global pneumatic equipment market include AVENTICS, Festo, Parker Hannifin, Ross Controls, and SMC. The industry is driven by the ability to meet end-users’ preferences, based on parameters such as safety, ease of operation, cost, sustainability, reliability, and tailored needs. The market presence of the key vendors varies from region to region. While key vendors like Festo and SMC have a significant presence in the major geographies considered, other key vendors have dominance in specific regions.
A more detailed analysis is available in the Technavio report, Global Pneumatic Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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