Pneumatic Components and Systems are those operated by pressure from air or a gas. Pneumatic systems are typically powered by compressed air or compressed inert gases, primarily nitrogen. These systems are utilized for a number of applications including in automotive, food and beverage, packaging and pharmaceutical industries. The growing demand for automated systems in the food and beverage industry has witnessed the adoption of a number of pneumatic based systems for varying applications.
The growing demand for food safety in the food and beverage industry has witnessed increased usage of pneumatic conveyor systems for transporting food. These pneumatic systems are also utilized in the packaging of food to prevent contamination. The growth of process automation market in Europe and North America has led to increased usage of control valves and pneumatic actuators. The automation industry is among the prime drivers for this market as increased usage of pneumatic robots such as pick and place robots lead to a rising market.
IndustryARC estimates global pneumatic component and system market size for the year 2014 to be around $XX billion. Pneumatic component and system market is forecast to exhibit a growth rate of XX% through 2021 and reach $XX billion. This high growth rate is attributed to the increased demand for pneumatic pick and place robots in the automation industry.
American market is currently the biggest market with nearly $XX billion revenue in 2015, it is estimated to grow at CAGR of XX% from 2016 to 2021. However APAC region is poised to grow at XX% CAGR and is projected to surpass the American market size. Europe and Americas are the major regions in the pneumatic components and systems market. The entry of Chinese players into the pneumatic components market (such as valves and cylinders) has had a positive effect on the APAC market.
Sample Companies profiled in this report are:
Bosch Rexroth (Germany),
Parker Hannifin (U.S),
Festo AG (Germany),
SMC Corp. (Japan)
AirTrac International Group (U.S).
These manufacturers have utilized mergers and acquisitions as well as product launches to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in high growth markets. However the growing impact of Chinese companies on the global pneumatic components market may alter the landscape in the next few years.