Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
End-user Driven Growth in Emerging Asia, Supplemented by Intelligence Driven Growth in Developed Regions to Propel Market Growth
save 25 %
* Required Fields
Pay by invoice
This Frost & Sullivan research service analyzes the global pneumatic equipment market in detail from 2013 to 2022, where the base year is 2016. This study examines the various product segments within the pneumatic equipment market such as valves, actuators, FRLs, fittings, and others and splits the market revenue across various end-user industries. Market shares of the global market participants are provided for the base year. Regional analyses are provided for North America, Europe, Middle East and Africa (EMEA), Asia-Pacific (APAC), and the Rest of the World (ROW). This study examines the key growth drivers, restraints, product segments, and end-user industries in each region, and provides forecasts by end-user industry, product segments, and individual regions. In this research service, Frost & Sullivan's analysts examine the following product segments:Pneumatic Valves - include direct solenoid, solenoid pilot, air pilot, and manual/mechanical valves.Pneumatic Actuators - include National Fluid Power Association (NFPA), Non-repairable, Compact, International Standards Organization (ISO) / Verband Deutscher Machinen-und Anlagenbau (VDMA), Rodless, Rotary, Slides, rod-thrusters, and specialty actuators.Pneumatic FRLs - include air preparation equipment that is customized based according to the end user.Pneumatic Fittings - include component, piping or tubing part of pneumatic equipment that can attach or connect larger parts.Pneumatic Others - include pneumatic grippers, positioners, pneumatic guns and pneumatic nozzles.Rising investments in Asia-Pacific, focus on energy efficiency, and increased penetration of IIoT are set to drive market growth. Asia-Pacific, home to two fastest growing major economies in the world, has emerged as the key growth engine for this market due to the rising wealth in the region and the growth of the manufacturing sector. Increasing demand for industrial automation in key end-user industries such as automotive, food processing and packaging, chemicals, plastics, and oil, material handling, and semiconductors and electronics, as well as the lifesciences industry, is anticipated to boost the growth of the pneumatic equipment market, on account of their simple design, easy maintenance and low purchase costs. However, commoditization of the product increases the price pressure, affecting the profit margins of the market participants, especially in the face of increased competition from low-cost Asian manufacturers. On the other hand, 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 complemented by the increasing 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 (e.g., electric actuation solutions). While 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, practical limitations in hazardous environments, and the complexity involved in the conversion of brownfield facilities are expected to slow down this trend.
Affected by the Steep Decline in Oil Prices due to the COVID-19 Pandemic, the Global Fluid Power Equipment Market is Gradually Recovering
Global Fluid Power Equipment Market Outlook, 2019
food preservatives market
cloud security market
packaged food industry
functional beverage market
residential energy storage market
wearable electronics market
fleet management market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.