Global Pneumatic Equipment Market Will Witness the Dominance of Pneumatic Cylinders During 2016-2020, Reports Technavio

LONDON--()--According to the latest market study released by Technavio, the global pneumatic equipment market is expected to grow at a CAGR of close to 5% during the forecast period.

This research report titled ‘Global Pneumatic Equipment Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Technavio researchers claim industry 4.0 to be the next phase in the digitization of the manufacturing sector, which is mainly driven by four factors:

  • The astounding rise in computational prowess and connectivity
  • The emergence of analytics and business intelligence
  • New forms of human-machine interaction
  • Improvements in transmitting digital signals to the physical world such as advanced robotics

Following the lean revolution of the 1970s, the outsourcing spectacle of the 1990s, and the automation that took off in the 2000s, this is modern manufacturing's fourth major cataclysm that is predicted to change the face of manufacturing, which drives the need for process control equipment.

Pneumatics process control is considered a mature technology; hence, there are expectations that costs may see a downward trend. Furthermore, big players like SMC and Festo are facing pressures from low-cost sources that offer similar pneumatic equipment at lower prices.

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Based on type, the report categorizes the global pneumatic equipment market into the following segments:

  • Cylinders
  • Valves
  • Others
  • Power engines and motors

Global pneumatic cylinder market

The pneumatic equipment market will be dominated by the pneumatic cylinder market during the forecast period mainly because of the increasing application of automation in the industrial sector especially in the automobile, food processing, and chemical sectors. “Pneumatic cylinders are mainly used due to their low initial cost and durability. They have played a major part in factory automation for decades. They are simple, easy to maintain, and provide reasonable control over machine movements in industrial plants,” says Gaurav Mohindru, a lead analyst at Technavio for research on unit operations.

Earlier, the only pneumatic equipment commonly available were cylinders that had a simple linear motion from an orthodox and bulky barrel and a piston rod cylinder. The demand for smaller but more powerful and effective equipment has, however, led to the development of a wide range of cylinders. Today, 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.

Global pneumatic valves market

Pneumatic valves, which have widespread application in the oil and gas, automobile, medical, glass manufacturing, food processing, die casting, and aerospace, among others, led the second place in the pneumatic equipment market. This market projection is expected to continue during the forecast period.

Pneumatic control valves are classified into three types based on the number of entry and exit ports they are integrated with, the mechanism by which ports are opened and closed, and the number of flow paths that they create. They are:

  • Two-way directional valve
  • Three-way directional valve
  • Four-way directional valve

“Since all these types of pneumatic valves have important applications in manufacturing processes, its demand is likely to increase in manufacturing industries in the coming years,” says Gaurav.

Global pneumatic power engines and motors market

The pneumatic power engine and motor market is expected to grow at a CAGR of 3.26%. Pneumatic motors have been on the market in many forms over the last two centuries, ranging from hand-held motors to engines of up to several hundred horsepower. Some types depend on pistons and cylinders while others rely on slotted vanes. Pneumatic engines have improved their performance by heating the engine itself. Pneumatic motors have major applications in the hand-held tool industry.

Other pneumatic equipment market

In this report, vacuum pumps and pressure switches constitute the others segment of the pneumatic equipment market.

Vacuum pumps are pooled with operational procedures and chambers into a number of vacuum systems. Sometimes multiple pumps are used in a single application. In a pressure switch, the pressure-sensing component is built to respond to two pressures variations. Such pneumatic pressure switches are beneficial when the variance is significant, for example, to identify a blocked filter in a water distribution system.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • AVENTICS
  • Festo
  • Parker Hannifin
  • Ross Controls
  • SMC

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global pneumatic equipment market is expected to grow at a CAGR of close to 5% during the forecast period.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com