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.