Latest News- Smart Pneumatics Market: Automotive is expected to lead the End-user segment during 2024-2028
The Smart Pneumatics Market is being driven by Increasing use of smart pneumatics in food and beverage industry
The Smart Pneumatics Market is expected to grow at a CAGR of 6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1580.4 million. In today's business environment, data-driven decision making is paramount for optimizing operations and minimizing downtime. IoT-enabled smart pneumatics are gaining traction due to their ability to collect and analyze data from actuators in real-time. Vendors are shifting towards predictive maintenance, which leverages this data to anticipate and prevent equipment failures. This is especially beneficial for industries reliant on large motors, such as automotive, semiconductor, and water and wastewater, where even brief downtime can result in substantial costs. Key variables, including cylinder speed, travel, temperature, and pressure, can be effortlessly monitored using modern, high-accuracy, and cost-effective sensors. The seamless integration of IoT and smart pneumatics facilitates proactive maintenance, enhancing overall efficiency and profitability.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Automotive, Semiconductor, Food and beverage, Water and wastewater, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Smart Pneumatics Market Research Report
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The Smart Pneumatics Market encompasses advanced technologies such as Condition Monitoring, Sensor Technology, and Control Technology for Pneumatic Valves, Actuators, and Modules. Input-output links facilitate Data Integration, enabling Diagnostic Reporting, Order Tracking Analysis, and Real-time Data access. Smart Manufacturing, Energy-efficient Solutions, and Automation are key drivers. Applications include Medical Devices, Robotics, Aerospace Manufacturing, Industrial Processes, and Safety Standards in Wastewater Treatment. Wireless Communication and Remote Monitoring enable efficient system management. Smart Pneumatic Solutions offer Wireless Sensors, Energy-efficient Actuators, and Real-time Data Analysis for various industries.
In the expansive landscape of the global industrial machinery and supplies and components market, Smart Pneumatics occupies a significant segment. This sector encompasses companies specializing in Condition Monitoring systems, Pneumatic Valves, Modules, Input Output links, Sensors, Software and Services, and Data Integration for pneumatic systems. The market size for this sector is determined by Technavio, based on the consolidated revenue generated by manufacturers supplying components for industrial applications, which include machinery for presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. The industrial machinery, supplies, and components market is poised for growth due to the increasing industrial output in process and discrete industries, driven by the burgeoning demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing economies. Smart Pneumatics is expected to benefit from this trend, as the demand for efficient, reliable, and intelligent pneumatic systems increases to meet the growing production capacity in various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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