Smart Pneumatics Market to record USD 1.72 Bn growth — High demand expected from the automotive segment – QNT Press Release

NEW YORK, Sept. 23, 2022 /PRNewswire/ — The global smart pneumatics market size is expected to grow by USD 1.72 billionaccelerating at a CAGR of 6.48% between 2021 and 2026. The report considers the revenue generated by vendors, investments related to CAPEX from the industrial sector, commodity price fluctuation purchasing managers’ index (PMI), and various other factors to estimate the growth of the market. Download PDF Report Sample to understand the scope of our full report.

Automotive manufacturers are making significant investments in research and development and are revising their production decisions. Besides governments in both developed and developing countries are announcing a series of economic packages to help the industrial sector. Many such factors are expected to create significant opportunities for vendors operating in the market.

The adoption of IoT-enabled actuators for predictive maintenance is expected to have a positive impact on the growth of the smart pneumatics market during the forecast period.

The report on the smart pneumatics market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. Technavio analyzes the market by end-user (automotive, semiconductor, food and beverage, water and wastewater, and others) and geography (North AmericaAPAC, Europe, South Americaand the Middle East and Africa).

The automotive industry is the prime end-user in the market. Factors such as continuous technological upgrades, the dynamic nature of emission regulations, and the increasing production and sales of passenger cars are driving the growth of the market in the automotive segment. In addition , the increasing demand for automotive components and accessories, including smart pneumatics automotive in countries such as Chinathe US, Germanyand India is expected to contribute to the growth of the segment during the forecast period.

By region, North America will dominate the market growth, occupying 32% of the global market share. The increasing demand for pneumatics across many industries, including automotive, semiconductor, and water and wastewater is driving the growth of the regional market. Besides, the high adoption of luxury vehicles and increasing investments in R&D by major automotive OEMs are fostering the growth of the smart pneumatics market in North America.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Request Sample Report Here

The smart pneumatics market covers the following areas:
  • Smart Pneumatics Market Sizing
  • Smart Pneumatics Market Forecast
  • Smart Pneumatics Market Analysis
Vendor Landscape

The global smart pneumatics market is fragmented. The market comprises vendors that are constantly trying to improve their product offerings by innovating their product lines. This has helped them gain significant shares in the market. The competition between international and regional vendors is intense. Many small vendors are struggling to survive in the presence of large vendors in the global smart pneumatics market. However, large international vendors are currently dominating the market in terms of product quality, durability, reliability, and technological innovations.

The competitive environment in this market is likely to intensify further with an increase in research and development (R&D) and mergers and acquisitions (M&A). International players are expected to grow inorganically by acquiring regional and local players during the forecast period. They are also Implementing IoT in smart pneumatics to gain a competitive advantage. Technavio identifies the following as the dominant vendors in the market.

  • Advanced Pneumatics Pvt. Ltd.
  • BASSO Industry Corp.
  • Bimba Ltd.
  • Bosch Rexroth AG
  • Chicago Pneumatic
  • Cypress EnviroSystems
  • Emerson Electric Co.
  • Festo SE and Co. KG
  • Ingersoll Rand Inc.
  • Koki Holdings Co. Ltd.
  • Makita Corp.
  • MANN HUMMEL International GmbH and Co. KG
  • MESTO Spritzenfabrik Ernst Stockburger GmbH
  • Metrolog Controles de Medicao Ltda
  • Mitsubishi Heavy Industries Ltd.
  • Ningbo Smart Pneumatic Co. Ltd.
  • Parker Hannifin Corp.
  • Rotex Automation Ltd.
  • Rotork Plc
  • Thomson Industries Inc.
Related Reports:

Smart Pneumatics Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 6.48%

Market growth 2022-2026

USD 1.72 billion

Market structure


YoY growth (%)


Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 32%


Full story available on

Source link

Recommended For You

About the Author: News Center