Smart Pneumatics Market Estimates Steady Growth in the Coming Years

Posted on 2019-05-02 by Mark Hub in Industrial // 0 Comments

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Industrial end-users are increasingly striving for efficient and technologically advanced systems as they are faced with growing competitive pressures. Consequently, industries are witnessing significant penetration of automation, which is also backed by the falling cost of digital technology. Companies are gravitating towards digital equipment, such as smart devices that can provide useful services with a high degree of autonomy. Different types of smart pneumatics, such as smart valves and actuators are witnessing significant adoption, as they require less maintenance, last longer and simultaneously offer improved performance, which is optimal for overall reliability of processes. These factors helped the global Smart Pneumatics Market reach a value of roughly US$ 3 billion in 2018.

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The smart pneumatics market is all set to proliferate in the forthcoming years, owing to the growing awareness related to predictive maintenance, digitization, and industrial internet of things (IIoT). The growing demand for wireless infrastructure to monitor equipment across plants is auguring well for growth in smart pneumatics industry.

Some of the leading players operating in the smart pneumatics market include Rotork plc, Emerson Electric Co., Thomson Industries, Inc., Bimba Manufacturing Co., Festo AG & Co. KG, Metso Corporation, and Parker Hannifin Corporation. Notable developments in the competitive landscape of smart pneumatics market include,

Pneumatics specialist, Aventics has recently launched a Smart Pneumatics Analyzer (SPA) to provide a mobile IIoT solution to its customers. The user can link the SPA to compressed air supply on any machine, and can obtain analysis options for key machine characteristics, like compressed air consumption and potential leakages.

Another leading player in smart pneumatics market, Emerson has acquired Aventics to expand its reach in the fluid automation market, and solidify its automation technology portfolio across Europe.

IMI Norgren purchased Bimba Manufacturing in 2018 to expand its business and improve the presence of IMI Precision Engineering in the US industrial automation market.

In 2018, Famic Technologies launched a complete pneumatic catalog in Automation Studio, including products of Koganei. Famic Technologies has specially designed this catalogue to support manufacturing and automation markets.

In December 2017, Thomson Industries, a machine industry company, launched smart actuators equipped with integrated electronics to meet the growing demand for improved connectivity, application flexibility, and cost efficiency. Thomson Industries is focusing on building smart machines for factory automation applications.

A smart pneumatics monitor enables operators to use a valve bank that communicates through an I/O Link with sensors to project wear before it results into machine downtimes. As smart pneumatics monitors enable early detection of when critical limits will be reached and predictive maintenance, their adoption in diverse industries, such as automotive, and semiconductor is growing. Furthermore, smart pneumatics monitor module offers authentic data about the state of actuators and energy efficiency of pneumatic systems without requiring the machine control. This decreases the risk of machine downtimes, thereby, lowering the operating costs.

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The rapidly advancing types of smart pneumatics, such as smart valves, are witnessing significant adoption across automotive, food & beverages, water and wastewater, and semiconductor industries, which are striving to reduce energy costs. Smart valves streamline different manufacturing processes, as they enable constant monitoring and fault diagnosis, which further ensure optimal performance of plants. Though, smart valve technology is currently at an initial development stage, several end-users are incorporating them into their systems as it adds to plant efficiency, enhances equipment monitoring and improves process control. The growing need for minimal unplanned downtime is necessitating the adoption of smart valves with remote diagnostic capabilities, which supply warning signals to maintenance team to address a problem before it hits the operation.

The IIoT and Industry 4.0 require smarter devices across the entire manufacturing spectrum, and thus could necessitate the adoption of smart pneumatics significantly. With manufactures and end-users increasingly focusing on energy efficiency to reduce energy costs amid a global initiative to reduce carbon footprint, the demand for smart pneumatics is likely to grow. As companies realize the necessity of developing smart pneumatic components in order to capitalize the ever-evolving consumer preference for energy-efficient products, the smart pneumatics market is expected to proliferate.

The global automotive sector is witnessing notable growth in the number of units produced per day. The machinery on the production floor requires proper maintenance to reduce production cycles and boost production output. As smart pneumatics systems play an integral part in ensuring efficient manufacturing processes, their applications in automotive market are growing. Auto makers are increasingly adopting IIoT systems to monitor asset condition and increase energy efficiency, which, in turn, is creating significant growth potential for smart pneumatics in the automotive industry.

The research report presents a comprehensive assessment of the smart pneumatics market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to smart pneumatics market segments such as geographies, application and industry.

The smart pneumatics report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with smart pneumatics market attractiveness as per segments. The report also maps the qualitative impact of various market factors on smart pneumatics market segments and geographies.

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