Global Pneumatic Equipment market was valued, in 2017 USD XX million and in 2024 is expected to reach at USD XX million with growing CAGR of XX%.
The global Pneumatic Equipment market is growing due to increased focus on energy-efficient products is expected to sustain market growth, especially in developed markets such as North America and Europe. This is also accompanied by the rising penetration of IIoT across the manufacturing sectors, which is expected to steady the demand for pneumatic equipment over the forecast period and sustain competition from competing technologies.
However, increased focus on total cost of ownership and reduced energy consumption are expected to result in increased substitution of pneumatic systems with electrical systems in the long term, the high cost of electric systems, applied limitations in hazardous environments, and the complexity involved in the conversion of brownfield facilities are expected to slow down this trend.
Pneumatic Equipment market consist of various players, few key players of the market are Chicago Pneumatic, Advanced Pneumatics, Kramer Air Tools Inc., Bosch Rexroth, Basso Industry Corp., Delton Pneumatics, Eaton Corp., MannHummel, Hitachi Koki, Ingersoll Rand Inc., Festo, Gardner Denver, Jiffy Air Tool, Makita Corp., Mitsubishi Heavy Industries Ltd., P&F Industries, Pneumatic Products, Stanley Black & Decker Inc., SMC Corp. of America, VAC-U-MAX among others.
The Pneumatic Equipment market is classified into product type and region. Based on the product type the Pneumatic Equipment market is bifurcated into cylinders, power engines & motors and valves. It is expected that pneumatic cylinders are expected to dominated the pneumatic equipment market due to their low initial cost and durability. Moreover, they are easy to maintain, simple, and provide reasonable control over machine movements in industrial plants. Due to which there is increasing demand for pneumatic cylinders from various industries such as automobile, oil and gas, food and beverage, and aerospace.
Additional, Based on the market is segmented into North America, Europe, APAC, Latin America and Middle East & Africa.
Market segmented based on medium of product type:
• Power engines and motors
Market segmented based on medium of end user:
• Food Processing and Packaging
• Chemicals, Plastics, and Oil
• Semiconductors and Electronics
• Material Handling and Assembly
• Paper and Printing
• Wood and Ceramic
• Life sciences
• Aerospace and Defense
Market segmented based on region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA