Pneumatic Components and Systems Market

Global Pneumatic Components and Systems Market Size (2024 to 2029)

The global pneumatic components and systems market is predicted to reach USD 98.03 Billion in 2024 and USD 138.26 Billion by 2029, growing at a 7.12 % CAGR during the forecast period.

A pneumatic system uses compressed air to create motion and transmit power through interconnected components. A pneumatic system consists of the following components: an air filter, an air compressor, an air cooler, an air reservoir, an air treatment chamber, a control valve, and an actuator. Pneumatic systems require compressed air, which is supplied by an air compressor. In the first step, the air is drawn from the atmosphere and filtered using an air filter. Purified air is then supplied to the air compressor, which increases air pressure and decreases air volume. As a next step, the compressed air is transferred to the air cooler, which reduces the temperature while maintaining the same pressure. The cooled air is stored in receiver tanks; from there, the air is dried in an air treatment chamber. Air treatment is followed by a control valve that changes the flow direction based on the requirements. Finally, the air actuator uses the air energy to convert it into mechanical energy that is used to operate the device. 

MARKET DRIVERS

The growing demand for food safety in the food and beverage industries, as well as the use of pneumatic systems to transport food packages safely, are driving the market for pneumatic components and systems.

The benefits of pneumatic components and systems have made them a preferred choice in the market, such as being efficient, reliable, relatively simple, safer to use as they can work in inflammable environments without the risk of fire or explosion, and relatively inexpensive, which makes them cost-effective. There is also tremendous growth being generated in the pneumatic components and systems market driven by the use of pneumatic systems in various sectors, such as the food and beverage industry, automotive industry, packaging industry, HVAC industry, automation and manufacturing industry, medical industry, and pharmaceutical industry. 

MARKET RESTRAINTS

Lack of government policies and the fact that compressed air is more expensive than electricity are the key factors hampering the growth of the pneumatic components and systems market. Pneumatic systems cannot be upgraded, which makes them less compatible with smart electronics, which is also a restraint on the market's growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Pneumatic Components and Systems Market Analysis By Type

Pneumatic valves are leading the market and are expected to hold a significant share in the Pneumatic components and systems market. Due to the increasing use of these valves in the manufacturing and heavy automobile industries, this market segment is expected to grow at a high rate.

Global Pneumatic Components and Systems Market Analysis By Product

Pneumatic Actuators are leading the product segment and are expected to grow at a high rate during the forecasted period. As food and beverage producers use pneumatic actuators to destroy all living microorganisms in food products to preserve them, the market for pneumatic actuators continues to grow.

Global Pneumatic Components and Systems Market Analysis By Application

At present, the Food and Beverage Industry in the application segment occupies the largest share of the market and is projected to grow. Despite the extreme conditions that they have to deal with, these pneumatic systems can perform numerous tasks across all aspects of the food and beverage supply chain. This can involve everything from moving ingredients along for processing to final packaging and even loading products.

REGIONAL ANALYSIS

The North American region is estimated to hold the highest position in the Pneumatic components and systems market. In this region, there has been a rapid development of the automation industry, which has led to many major companies in the field establishing themselves. The US market is expected to lead the region during the forecasted period due to its potential growth.

KEY MARKET PLAYERS

Major Key Players in the Global Pneumatic Components and Systems Market are Bosch Rexroth, Thomson Industries, AirTrac International Group, Festo AG, Parker Hannifin, Camozzi Group, SMC Corporation, Norgren, Inc, Emerson Electric Co., ROSS CONTROLS, Cotec Corporation, and others.

RECENT HAPPENINGS IN THE MARKET

• In August 2020, CORTEC launched the CX-RV2.6 Pneumatic Pressure Relief System, which is designed to provide rapid pressure relief within high-pressure systems such as mud pumps, managed pressure drilling manifolds, and oil and gas wells relief systems.

DETAILED SEGMENTATION OF THE GLOBAL PNEUMATIC COMPONENTS AND SYSTEMS MARKET INCLUDED IN THIS REPORT

This research report on the global pneumatic components and systems market has been segmented and sub-segmented based on type, application, product, and region.

By Type 

• Pneumatic Valve
• Pneumatic Cylinder
• Pneumatic Gripper
• Pressure Sensor
• Pressure Switch
• Others

By Product

• Pneumatic Control System
• Pneumatic Drill, Air Treatment Systems
• Shock Absorber
• Pneumatic Tools
• Pneumatic Motor
• Pneumatic Actuators
• Other

By Application

• Food and Beverage Industry
• Automotive Industry
• Packaging Industry
• HVAC
• Automation and Manufacturing Industry
• Medical and Pharmaceutical Industry
• Oil & Gas Industry
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America 
• Middle East and Africa