Pneumatic Equipment

Pneumatic Equipment

Global Pneumatic Equipment Market to Reach US$41.7 Billion by 2030

The global market for Pneumatic Equipment estimated at US$29.6 Billion in the year 2023, is expected to reach US$41.7 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2023-2030. Pneumatic Cylinders, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$15.7 Billion by the end of the analysis period. Growth in the Pneumatic Power Engines & Motors segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$8.1 Billion While China is Forecast to Grow at 8.3% CAGR

The Pneumatic Equipment market in the U.S. is estimated at US$8.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.7 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global Pneumatic Equipment Market - Key Trends and Drivers Summarized

Pneumatic equipment encompasses a wide range of tools and systems that use compressed air or other gases to produce mechanical motion. This equipment is crucial in various industries, including manufacturing, automotive, and construction, where it is used for tasks ranging from assembly line operations to maintenance and repair work. Pneumatic systems are preferred for their reliability, simplicity, and safety compared to electrically powered systems, especially in environments that are prone to fire hazards or are damp. Additionally, pneumatic tools are lightweight, easy to handle, and provide a high power-to-weight ratio, making them ideal for long-duration tasks and repetitive processes.

The efficiency of pneumatic equipment has seen significant advancements with the integration of modern technologies such as precision regulators, lubricators, and digital controllers. These enhancements have broadened the application scope of pneumatic systems in sectors that demand exacting precision and control, such as electronics manufacturing and medical device production. Innovations in air compressor technology have also contributed to making pneumatic systems more energy-efficient and environmentally friendly, addressing one of the traditional drawbacks of pneumatic equipment related to energy consumption. Furthermore, the advent of IoT-enabled pneumatic components has allowed for real-time monitoring and diagnostics, reducing downtime and increasing productivity in industrial settings.

The growth in the pneumatic equipment market is driven by several factors, including the increasing automation across various industries aiming to boost production efficiencies and reduce operational costs. There is also a growing emphasis on reducing energy consumption and minimizing the environmental impact of operations, which has led to innovations in eco-friendly and energy-efficient pneumatic systems. Regulatory changes across the globe, pushing for safer and more energy-efficient machinery, continue to influence the development and adoption of advanced pneumatic equipment. Additionally, consumer behavior trends towards more sustainable practices have increased the demand for pneumatic systems that offer reliability without the environmental footprint associated with traditional mechanical systems. These trends, coupled with technological advancements in material science and smart manufacturing, are poised to keep the demand for pneumatic equipment strong and growing.

Select Competitors (Total 86 Featured) -

• AirTAC International Group
• Bimba Manufacturing Company
• Bonesi Pneumatik Srl
• Chicago Pneumatic Tool Company, Inc.
• CKD Corporation
• DL Pneumatics
• Eaton Corporation PLC
• Emerson Electric Company
• Festo Vertrieb GmbH & Co. KG.
• Janatics India Pvt Ltd.
• Norman Equipment Company
• Parker Hannifin Corporation
• Rotex Automation Ltd.
• Siemens AG
• SMC Corporation;

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.