Pneumatic equipment uses compressed air to produce mechanical motion. The equipment is majorly used in unpredictable environments in which hydraulic or electric tools cannot be used such as in refineries, which involve the presence of flammable liquids and gases. Pneumatic equipment is increasingly being adopted by end-users for industrial applications as it is driven by the force generated by compressed gases like air and other inert gases, making pneumatic equipment safer than electric and hydraulic tools.
Technavio’s analysts forecast the global pneumatic equipment market to grow at a CAGR of 4.73% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global pneumatic equipment market for 2016-2020. To calculate the market size, the report discusses the major drivers influencing market growth and the challenges faced by vendors and the market as a whole. It also examines key emerging trends and their influence on current and future market scenarios.
The market is divided into the following segments based on geography:
Technavio's report, Global Pneumatic Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Technavio Announces the Publication of its Research Report – Global Pneumatic Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global pneumatic equipment market: AVENTICS, Festo, Parker Hannifin, Ross Controls, and SMC.
Other Prominent Vendors in the market are: Butech, Camozzi, Clippard, Emerson ASCO, Janatics, Mindman, and Siemens.
Commenting on the report, an analyst from Technavio’s team said: “Virtual reality in flight simulators will be a key trend for market growth. The creation of real-time motion effects for flight simulation and virtual reality simulators have become very sophisticated and expensive as these are produced using the same technology that is used in pneumatic equipment like actuators, valves, and power drives deployed in industrial drives. Sturdy systems are incorporated in the industrial sector for impeccable repeatability and precise control. Because in virtual reality, every aspect of motion always changes frequently, motion repeatability is not as significant in this sphere as in an industrial application.”
According to the report, one of the key drivers for market growth will be integration with remote controllers. The combination of networking machinery, monitoring systems, and sensors will aid manufacturing industries to develop production infrastructure and real-time supply-chain networks. 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. These data can then be used to optimize production or schedule maintenance before a component fails completely.
Further, the report states that electromechanical equipment replacing pneumatic counterparts will be a challenge for the market. Electromechanical equipment is gaining in the market over pneumatic equipment due to the increasing environmental concerns and high energy consumption of pneumatic equipment. Pneumatic equipment employs lubricants to reduce friction between the piston and cylinder, and these lubricants are potential pollutants if they escape into the environment. Besides this, all the air pressure that is applied to a pneumatic system must also be eventually released. But this exhaust gas, which is similar to the exhaust from an automobile engine, has to be treated because of the pollution that it can cause. Thus, these concerns add to the cost needed to install and maintain an exhaust treatment system.