Global Electro-pneumatic Transducers demand is anticipated to be valued at US$ 5.5 Billion in 2022, forecast to grow at a CAGR of 6.8% to be valued at US$ 8.8 Billion from 2022 to 2032.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 4.8 Billion |
| Expected Market Value (2022) | US$ 5.5 Billion |
| Anticipated Forecast Value (2032) | US$ 10.61 Billion |
| Projected Growth Rate (2022-2032) | 6.8% CAGR |
Electro-pneumatic transducers are required in a number of process applications because they transform a current or voltage input into a precisely proportionate output pressure. The electro-pneumatic transducers receive an input from a typical current loop or in the form of voltage signals and output a pressure that is precisely proportional to the quantum of the input given. The device's output value must be calibrated with the input range in order to give an accurate output pressure.
Analog electro-pneumatic transducers were initially utilized until the mid-twentieth century, but technical advances in the space led to the invention of digital Electro-pneumatic Transducers, which are now common. It should be noted, however, that while digital electro-pneumatic transducers are relatively widespread, analogue electro-pneumatic transducers are also widely accessible on the market. Electro-pneumatic transducers are used in industry as pneumatic dampers and actuators.
The market for electro-pneumatic transducers is expanding due to increased activity in the creation of smart cities. Smart cities are being built in a variety of geographical areas, particularly in East and South Asia. Smart cities entail the construction of smart and intelligent structures that rely heavily on building automation technology. Pneumatic actuators are necessary for the automation of specific mission critical equipment used in smart buildings.
This is a major factor that will propel the electro-pneumatic transducers market forward. Furthermore, pneumatic control systems are used in the ongoing expansion of the market for valves made today. The expansion of process industries in the chemical, refining, and power generation domains is leading in higher valve manufacturing and shipment, which will benefit the Electro-pneumatic Transducers market.
The market for electro-pneumatic transducers is being hampered by a significant change in process industries toward the use of smart positioners in their applications.
In terms of regional dominance, Asia is the most important market for Electro-pneumatic Transducers. One of the important reasons driving the growth of the Electro-pneumatic Transducers market is the rising investment by governments in this area in the development of smart cities.
Furthermore, the existence of a significant number of current oil and gas exploration projects in the area is likely to drive the Electro-pneumatic Transducers market growth.
According to Future Market Insights, because of the existence of big car and aircraft production facilities in the area, Europe is likely to contribute considerably to the growth of the electro-pneumatic transducers market.
Some of the key participants present in the global Electro-pneumatic Transducers market include ControlAir, Dwyer Instruments Limited, Emerson Electric CO., Equilibar LLC, Festo Corporation, Flucon Automation, Inc., Gefran, Honeywell International Inc, ITT, Inc., Johnson Controls, MAMAC Systems, Omega Engineering, Proportion-Air Inc., Rotork, Siemens AG, SMC Corporation and Veris Industries among others.
Attributed to the presence of such high number of participants, the market is highly competitive.
| Report Attribute | Details |
| Growth Rate | CAGR of 6.8% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Customization | Available Upon Request |
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FMI projects the global Electro-pneumatic Transducers market to expand at a 6.8% value CAGR by 2032
Asia is expected to be the most opportunistic electro-pneumatic transducers market.
ControlAir, Dwyer Instruments Limited, Emerson Electric Co. and Equilibar LLC are some prominent electro-pneumatic transducers manufacturers
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Electro-pneumatic Transducers Market
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