The global smart pneumatics market size is likely to be valued at USD 4.3 billion in 2023. FMI projects that the market revenue could surge 1.2X and exceed USD 5.3 billion by 2033, recording a CAGR of 2.3%.
Companies aim to improve productivity and reduce costs. This creates a demand for energy-efficient and reliable automation systems. Smart pneumatics systems use sensors and control systems to optimize energy consumption and minimize downtime. These systems help meet the growing demand for automation that is both energy-efficient and reliable.
Smart pneumatics are gaining popularity because they require less maintenance. They last longer and offer higher performance compared to other forms of pneumatics. Smart pneumatic valves and smart pneumatic actuators are among the popular forms of smart pneumatics. This trend is beneficial for the overall dependability of operations.
Industry 4.0 and advanced “smarter” technologies fuel the market expansion. Demand for smart pneumatics monitors is expected to increase since they enable companies to monitor and control their operations in real time. The Industrial Internet of Things (IIoT) and Industry 4.0 are driving the adoption of smart pneumatics systems. This can help companies improve their operations through real-time monitoring and control.
One area of focus is predictive maintenance. Predictive maintenance and remote monitoring are becoming more important for industrial companies, as they can reduce maintenance costs and downtime. Accenture has found that predictive maintenance can save up to 12% over planned repairs, lower maintenance costs by up to 30%, and prevent up to 70% of breakdowns. Predictive maintenance requires a new level of condition and remote monitoring for fluid power systems.
Advancements in sensor and control technologies are driving the development of more sophisticated smart pneumatic modules. Sensors can detect pressure, flow, and temperature. This allows for more precise monitoring of pneumatic systems. The use of advanced sensor and control technologies in smart pneumatics systems is enabling more precise and efficient monitoring.
The manufacturing sector in developing countries is expanding rapidly. This leads to a growing demand for automation systems that can increase efficiency and productivity. According to vXchnge Holdings Inc., over 80% of manufacturing organizations are using or planning to use IoT devices to improve energy efficiency and production uptime. Thus, the adoption of smart pneumatics systems is likely to increase since it can help to meet this demand by providing reliable and efficient automation solutions.
The implementation costs of smart pneumatics systems can be high. These expenses cover buying, installing, setup, and maintenance of sensors, controllers, and software in addition to training and maintenance. Technical expertise and skilled workers are required to implement and maintain smart pneumatics systems. This could limit their adoption in some companies.
Smart pneumatics systems are typically connected to networks and can be vulnerable to cyber threats. This can be a concern for companies that handle sensitive data or operate critical infrastructure. There is also a limited standardization of communication protocols and interfaces for smart pneumatics systems. This can create interoperability issues and limit the ability to integrate different systems.
| Attributes | Details |
|---|---|
| Base Year Value (2022) | USD 4 billion |
| Current Year Value (2023) | USD 4.3 billion |
| Expected Forecast Value (2033) | USD 5.3 billion |
| Historical CAGR (2018 to 2022) | 6.3% |
| Projected CAGR (2023 to 2033) | 2.3% |
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The market size is projected to grow by USD 1 billion between 2023 and 2033, surpassing the growth of USD 870 million observed between 2018 and 2022.
Given the spiraling levels of competition, industrial end-users have their sights on greater heights for effective and highly advanced technological solutions. As a result, automation is becoming increasingly prevalent in sectors. This is further supported by the declining cost of digital technology. Businesses are increasingly turning to digital technology, such as smart devices, which can deliver practical services with an elevated level of autonomy.
The market, however, is finding it difficult to expand. During the forecast period, the CAGR is likely to slow down compared to the historical period. The reason for this difficulty is the lack of common platforms for Ethernet, ZigBee, and Profibus. These devices can be easily incorporated into wireless systems throughout the IoT industry. The lack of standards, however, hinders system integration and generates interoperability issues.
The AVENTICS Smart Pneumatics Analyzer can be connected to the pressurized air supply on an existing machine to provide users with real-time analysis options for critical parameters such as compressed air consumption and potential leakages. Emerson obtained AVENTICS GmbH to bolster its automation technology portfolio throughout Europe and increase its presence in the fluid automation sector. Emerson unveiled a new tool in May 2019 to help users of smart pneumatic modules understand the potential benefits of incorporating IIoT.
Real-time analytics and decision-making can be made possible through the deployment of cloud-based platforms and edge computing. This is likely to help companies optimize their operations and reduce downtime. The expansion of smart cities and smart infrastructure projects is also likely to create new opportunities for the adoption of smart pneumatics systems.
The development of new smart sensors and smart eraser pads (like Astro 400e) for pneumatics systems can enable more efficient automation solutions. The adoption of smart pneumatic valves is anticipated to increase significantly in the automotive, pharmaceutical, and food and beverage sectors.
| Country | United States |
|---|---|
| Historical CAGR (2018 to 2022) | 4.8% |
| Forecasted CAGR (2023 to 2033) | 1.2% |
| Projected Market Value (2033) | 1.7 billion |
| Country | United Kingdom |
|---|---|
| Historical CAGR (2018 to 2022) | 5.1% |
| Forecasted CAGR (2023 to 2033) | 1.5% |
| Projected Market Value (2033) | 247.5 million |
| Country | China |
|---|---|
| Historical CAGR (2018 to 2022) | 7.8% |
| Forecasted CAGR (2023 to 2033) | 3.1% |
| Projected Market Value (2033) | 456.3 million |
| Country | Japan |
|---|---|
| Historical CAGR (2018 to 2022) | 5.5% |
| Forecasted CAGR (2023 to 2033) | 1.7% |
| Projected Market Value (2033) | 385.5 million |
| Country | South Korea |
|---|---|
| Historical CAGR (2018 to 2022) | 7.0% |
| Forecasted CAGR (2023 to 2033) | 2.6% |
| Projected Market Value (2033) | 215 million |
Asia Pacific is anticipated to dominate the smart pneumatics market. Growing populations, increased industrialization, and rapid urbanization are occurring in the Asia Pacific region. Key countries including China, Japan, and South Korea are experiencing these trends. These trends are likely to increase demand for agricultural goods, food, and chemicals. The production of these goods and chemicals deploys pneumatic systems.
The market in Asia Pacific has tremendous potential for growth. Smart manufacturing, also known as Industry 4.0, is increasingly used by different industries across the region. Asia Pacific has witnessed an increase in oil and gas production lately. The construction of four new refineries has increased global crude oil production by about 750,000 barrels per day.
The China smart pneumatics market is poised for significant growth given the increasing demand from various end-use industries. To increase production and efficiency in a variety of industries, the government has been strongly encouraging the implementation of smart pneumatics. Additionally, the government has been offering various subsidies and incentives to promote the adoption of Astro pneumatics throughout the nation.
The Japan smart pneumatics market is likely to experience significant growth during the forecast period. The increasing demand for automation across various industries has fueled market expansion lately. Key market players are adopting various strategies, including product launches and collaborations, to expand their footprint. In January 2023, SMC Corporation introduced the e-Actuator, an intuitive integrated controller. Similar to air equipment, this actuator is simple to configure. All control modes allow for the setting of the cycle time.
The South Korea smart pneumatics market is expected to grow at a steady pace during the forecast period. The increasing adoption of Industry 4.0 technologies and the rising demand for automation in various industries are the reason behind this growth. To encourage the development and implementation of smart manufacturing technologies, the government has also formed a nonprofit organization named the Korea Smart Manufacturing Industry Association.
Given the widespread adoption of modern manufacturing and automation techniques, North America is also anticipated to contribute to prospective market growth. The United States smart pneumatics market is projected to witness substantial growth during the forecast period. The market is primarily driven by the increasing adoption of automation and the demand for efficient energy consumption.
The automotive industry is expected to be the key contributor to market growth in the United States. The demand is increasing in the automotive industry given their ability to improve the efficiency of production lines and reduce energy consumption. The government has also been promoting the adoption of smart technologies in various industries through different initiatives.
Several companies are actively developing new smart pneumatic products and upgrading existing ones. In September 2022, the Boilermaker Special VII had its pneumatic system modified by SMC Corporation of America. It had been around twenty years since this technology was first installed in the sixth Boilermaker Special, thus an upgrade was required. The company also introduced its EX600-W Wireless Valve System beforehand which enables wireless monitoring and control of pneumatic systems.
Smart pneumatics systems are gaining popularity in the United Kingdom given the increased awareness of predictive maintenance. During the forecast period, the demand for wireless infrastructure for monitoring devices throughout plants is expected to rise. As a result, the United Kingdom smart pneumatics market is expected to flourish considerably.
The key market players in the United Kingdom are focusing on research and development to develop advanced smart pneumatics systems. In April 2022, Festo AG & Co. KG released an entirely novel pneumatic actuator. This new Festo smart pneumatics complies with NFPA standards for mounting alternatives.
Principal Consultant
| Segment | Type |
|---|---|
| Top Sub-segment | Smart Pneumatic Actuators |
| Historical CAGR (2018 to 2022) | 5.9% |
| Forecasted CAGR (2023 to 2033) | 2.2% |
| Segment | Industry |
|---|---|
| Top Sub-segment | Automotive |
| Historical CAGR (2018 to 2022) | 5.8% |
| Forecasted CAGR (2023 to 2033) | 2.1% |
By 2033, the smart pneumatic actuators segment is anticipated to have a significant market share given their efficiency and reliability. They are designed to provide precise control and fast response times. The increasing demand for automation and process control systems in industries has led to the adoption of smart pneumatic actuators. The development of Industry 4.0 and the increasing adoption of IoT in industries has further boosted the demand for smart pneumatic actuators.
These actuators are equipped with advanced sensing and communication technologies. This allows for predictive maintenance and reduces downtime, leading to increased productivity. To give controllers operating feedback (such as speed, force, end-of-travel, and cycle time), smart pneumatic actuators employ sensors and other electronics. Using the gathered information, condition monitoring can assess whether an actuator is operating as intended.
The number of vehicles manufactured each day across the globe in the automotive industry has increased significantly. To shorten production cycles and increase productivity, the equipment on the factory floor has to get adequate maintenance. Smart pneumatics systems have become prevalent in the automobile industry since they are essential to maintaining effective production processes. Moreover, smart pneumatics are deployed in different applications in the automotive industry, including assembly lines, painting, and welding, among others.
The demand for electric vehicles is growing and the automotive industry necessities to reduce carbon emissions. To address these challenges, the industry is turning to automation and smart technology solutions. Smart pneumatics in the automotive sector have substantial development potential. The implementation of IIoT systems by automakers is growing to monitor asset conditions and improve energy efficiency.
The market is made up of various players. These players include manufacturers, system integrators, and distributors. Manufacturers produce smart pneumatic components like sensors, valves, and actuators. System integrators combine these components into larger systems for factory automation and process control. Distributors supply the products and provide technical support. Market players are constantly focused on developing innovative and efficient solutions that meet the surfacing demands of customers. The industry is highly competitive. Players compete to provide the top products and services while keeping costs low.
Emerson Electric Co.: It is a multinational technology company based in the United States. Automation solutions and commercial & residential solutions make up its two main business categories.
Festo AG & Co. KG: It is a multinational company based in Germany. It focuses on the production of pneumatic and electromechanical systems for industrial automation.
Parker Hannifin Corporation: It is a global manufacturer of motion and control technologies and systems. Its product portfolio includes pumps, valves, filters, and actuators.
Key Players
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North America region generated maximum revenue of the global demand in 2023.
The United States is estimated to capture a CAGR of 1.2% through 2033.
The smart pneumatic actuators segment contributes a maximum share in the global market.
The automotive industry holds a maximum revenue of the global market share.
From 2018 to 2022, the global market exhibited 2.3% CAGR.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2023 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Component 5.1. Hardware 5.2. Software 5.3. Services 6. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Type 6.1. Smart Pneumatic Valves 6.2. Smart Pneumatic Actuators 6.3. Smart Pneumatic Modules 7. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Industry 7.1. Oil & Gas 7.2. Energy & Power 7.3. Water & Wastewater 7.4. Automotive 7.5. Semiconductor 7.6. Food & Beverage 7.7. Others 8. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Emerson Electric Co 16.2. Festo AG & Co. KG 16.3. Parker Hannifin Corporation 16.4. Bimba Manufacturing Co 16.5. Rotork plc 16.6. Metso Corporation 16.7. Thomson Industries, Inc 16.8. Solution Control and Engineering Co 16.9. Metrolog 16.10. The Smart Actuator Company 17. Assumptions & Acronyms Used 18. Research Methodology
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Smart Pneumatics Market
