The global smart pneumatics market is predicted to reach USD 4.84 billion in 2024 and USD 6.66 billion by 2029, rising at a CAGR of 6.6% during the forecast period.
Smart tires are progressed pneumatic hardware equipped for creating constant information while the gadget is in activity. This constant information generation has helped gadget administrators and specialists see how each piece of hardware functions under various conditions. Smart tires are rapidly replacing conventional pneumatic devices due to this simultaneous registration and maintenance feature. It also helped operators / engineers locate the exact problem and save maintenance time and costs. Although smart pneumatic systems are quite expensive, some Tier 1 manufacturers have already adopted these devices and are benefiting from their features.
One of the key theories guiding the future of pneumatics is the overall efficiency of your equipment, which is improved through a better understanding of machine systems and processes. While the emphasis is on electronic and digital control of automated systems, this does not necessarily preclude a future for pneumatics, as many of the hardware components of the pneumatic system can adapt their designs and processes to incorporate the factors IIoT in your operation. Researchers are studying advanced electronic data collection systems, for example, using thin sheets. These sheets could be appended like names to a pneumatic chamber, where they would gather tactile and use information and communicate it remotely to an observing organization.
Smart tires are heavily influenced by driving factors such as increased awareness of predictive maintenance, penetration of digitization and IIOT, demand for smart tires due to remote monitoring capabilities, the need for wireless infrastructure to maintain / monitor equipment in factories and strict environmental and safety regulations in the energy industry it stimulates market growth.
Be that as it may, the high introductory interests in valve projects, the absence of a typical stage for ZigBee, Profibus and Ethernet, and the absence of normalized accreditations and government strategies are adversely affecting the development of this market in the current market situation.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
6.6% |
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Segments Covered |
By Type, Component, End User, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Bimba Manufacturing Company, Bosch Rexroth AG, Eaton, Emerson Electric Co,Festo Group, Ingersoll-Rand plc, Metso Corporation,PARKER HANNIFIN CORP, Rotork, Thomson Groups and Others. |
With increasing demand for energy in the long term but quite volatile in the short term, the oil and gas industry faces many challenges throughout its value chain and there is a need for a major 'technology revolution' or upgrade. Huge ventures to improve security, productivity and intensity. Process instrumentation is a necessary piece of any cycle industry, empowering constant estimation and control of interaction factors like levels, stream, pressure, temperature, pH, and humidity. Adjusting actuators give advanced situating exactness to control valves to unequivocally change course through pipes. In the upstream segment, it is for the flow of crude oil and natural gas; in the middle segment, it is for the storage and transportation of resources. In the downstream section, this is the unrefined petroleum refining measure. Because of the criticality of stream estimations, makers persistently grow new highlights for troublesome and extreme applications. One sort of flowmeter utilized in a wide scope of mechanical areas is the Coriolis savvy mass flowmeter, in which a few cycle factors like mass stream, thickness, and temperature are all the while estimated, giving exact data on other stream boundaries measures, for example, volumetric stream rate, concentration, and so forth.
On the other hand, North America is also expected to create potential growth in this market, as there is significant use of automation technologies and advanced manufacturing techniques.
Asia-Pacific is expected to dominate the smart tire market during the projected period. The increasing adoption of smart manufacturing or Industry 4.0 in various industries has created huge growth opportunities in this market. Additionally, strict government regulations on personal and workplace safety, increasing focus on optimal use of assets, and strict quality control in the chemical, semiconductor, construction, and chemical industries. Automotive and food and beverage companies are accelerating the growth of smart pneumatics systems in this region.
The global smart pneumatics market is concentrated with well-established players. Key players in the market include Bosch Rexroth AG, Eaton, Emerson Electric Co, Festo Group, Ingersoll-Rand plc,, Metso Corporation, PARKER HANNIFIN CORP, Rotork and Thomson Groups
IMI agrees to acquire Bimba Manufacturing
Bimba Manufacturing, a leading innovator in actuation technology, today announced the introduction of IntelliSense®, a technology platform that will allow users to be proactive in maintaining and optimizing the system. IntelliSense®, a one-of-a-kind advancement in pneumatics, combines sensors, cylinders, and software to provide real-time performance data, improving productivity without sacrificing quality or efficiency.
Eaton receives an environmental award.
With the new Smart MechatroniX arrangement stage that joins the best segments of linear motion innovation with hardware and programming, Bosch Rexroth reacts to advertise patterns in mechanical computerization while in transit to the industrial facility of things to come. The subsequent arrangements can be utilized in a wide assortment of fields. In addition to the fact that they allow fast dispatching, however they additionally offer full cycle straightforwardness and assurance brief timeframe to market and high profitability.
By Type
By Component
By End User
By Region
Frequently Asked Questions
The main drivers include the growing adoption of IoT in industrial automation, increasing demand for energy-efficient systems, advancements in sensor technology, and the need for predictive maintenance to reduce downtime and operational costs.
Key industries include automotive, manufacturing, food and beverage, pharmaceuticals, and oil and gas. These sectors benefit from smart pneumatics through enhanced efficiency, reduced downtime, and improved process control.
Challenges include high initial investment costs, lack of standardization, complexity in integrating with existing systems, and a shortage of skilled personnel to manage and maintain smart pneumatic systems.
By using embedded sensors and IoT connectivity, smart pneumatics collect real-time data on system performance. This data is analyzed to predict potential failures and maintenance needs, allowing for proactive maintenance schedules and reducing unplanned downtime.
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