Pneumatic Components Market

The global pneumatic components market is estimated to be USD 16.81 billion in 2024 and is projected to reach USD 25.56 billion by 2032, at a CAGR of 5.38% from 2024 to 2032.

Current Scenario

The global landscape of pneumatics is characterised by constant expansion. The market is gradually growing due to rising demand from the manufacturing sector, especially in automation applications. Moreover, companies like SMC Corporation, Festo, and Parker Hannifin are leading from the front, which focuses on innovations to improve energy efficiency and sophisticated control functionalities. Furthermore, pneumatic systems are progressively advancing to fulfil the requirements of contemporary applications. Improved productivity and the integration of smart technologies are propelling this transformation. This makes pneumatic solutions more reliable and produces high performance. However, the market faces also challenges including operating pressure issues, power and voltage problems, environmental issues, mounting challenges, poor air quality concerns, and wrong product selection.

Market Drivers

The shift towards lean manufacturing drives the growth of the pneumatic components market. The adoption of principles of this production method encourages the use of pneumatic systems, streamlines processes, lowers waste, and enhances workflow productivity. These are generally preferred for their reliability and speed in performing repetitive tasks. Moreover, technological innovations are another factor propelling market growth. It has expanded the range of applications for these systems, with miniaturization and the development of new materials contributing to reduced weight and size, alongside advancements that enhance the efficiency of compressors, air nozzles, and devices utilized for cooling, drying cleaning, and conveying. Additionally, the rise of smart pneumatics also fuels the market growth. The incorporation of the Internet of Things (IoT) into these systems is revolutionizing business operations.

Market Restraints

Costs and carbon footprint considerations are impeding the expansion of the pneumatic components market. Compressed air production can represent as much as 30 per cent of a facility’s electricity expenses. This significantly affects both operation costs and sustainability. There is an absence of sufficient investments from market players in renewable resources and technologies for carbon capture, so this energy likely comes from fossil fuels, resulting in an increased environmental footprint. Apart from these, one of the main challenges of utilizing off-the-shelf parts is their lack of customization for particular dry bulk solids. Different types of dry solids possess individual traits that need specialised handling techniques. This absence of customization frequently causes inefficiencies in the conveying process, making businesses face challenges in sustaining consistent and reliable operations.

Segment Analysis

By Component Type

·       Air Treatment Components

·       Pneumatic Valves

·       Pneumatic Cylinders

The pneumatic valves segment leads the market and is expected to grow further during the forecast period. Regionally, North America is the largest market for these valves due to its advanced manufacturing sector and high level of industrialisation. It is closely trailed by Europe, with Asia Pacific quickly modernizing in industrialization. Besides this, there is a growing demand for intelligent pneumatic systems equipped with software that enables advanced data collection and analytical capabilities. According to a study, the use of pneumatic-driven automation valves can improve the processes for detecting pipeline faults or errors through rapid transient testing.

By Application

·       Electronics

·       Chemical Industry

·       Machinery

·       Others

The machinery segment held the largest share of the pneumatic components market. Like, in the fast-evolving food processing and packaging industry, the transition from pneumatic to servo-driven machines has transformed operational flexibility, precision, and efficiency. In addition, these systems are essential in multiple industries, which provide unmatched cost-effectiveness, efficiency, and flexibility. From upgrading production lines in manufacturing to enhancing efficiency in the automotive sector, their versatility is integral to contemporary automation solutions, ultimately expanding the market size of this segment. Additionally, the emerging technologies and future trends are also accelerating the market share of this segment. The incorporation of pneumatic components with IoT facilities device connectivity and remote monitoring, improving production efficiency through real-time data collection and online bug fixing.

Regional Analysis

Asia Pacific is expected to capture the biggest portion of the pneumatic components market during the estimation period. This can be attributed to the increasing investments being made by manufacturers in electronics and other key applications. Furthermore, as regional government authorities prioritise infrastructure development, there is a significant potential for growth in this market in the Asia Pacific region throughout the anticipation period.

North America pneumatic components market is witnessing steady growth. This is driven by escalating demand for automation in various industries. Moreover, advancements in technology are significantly influencing this regional market. Innovations such as modern control systems, IoT integration, and smart sensors are enhancing the functionality of these components.

Recent Market Developments

·       In June 2024, Kirloskar Pneumatic Company Ltd. (KPCL) announced that it will take a majority stake (greater than 51 per cent) in Systems & Components India Private Ltd. (S&C). Based in Maharashtra, S&C has been active in the industrial refrigeration field for over three decades, supporting industries such as fertilizers, chemicals, pharmaceuticals, and dairy.

Related Report

Pneumatic Components and Systems Market

Smart Pneumatics Market

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