The global smart pneumatics market size is likely to be valued at US$ 4.3 billion in 2023. FMI projects that the market revenue could surge 1.2X and exceed US$ 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)
US$ 4 billion
Current Year Value (2023)
US$ 4.3 billion
Expected Forecast Value (2033)
US$ 5.3 billion
Historical CAGR (2018 to 2022)
6.3%
Projected CAGR (2023 to 2033)
2.3%
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2023 to 2033 Smart Pneumatics Market Outlook in Comparison to Sales Registered from 2018 to 2022
The market size is projected to grow by US$ 1 billion between 2023 and 2033, surpassing the growth of US$ 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.
Comparative Analysis of the Adjacent Smart Pneumatics Market
Smart Pneumatics Market:
Differentiating Aspects
Smart Pneumatics Market
CAGR (2023 to 2033)
2.3%
Market Valuation in 2023
US$ 4.3 billion
Projected Market Value in 2033
US$ 5.3 billion
Growth Factors
Increasing adoption of smart factories and Industry 4.0
Opportunities
Rising demand for autonomous systems and robots
Key Trends
Integration of smart pneumatics with IIoT
Pneumatic Actuator Market:
Differentiating Aspects
Pneumatic Actuator Market
CAGR (2023 to 2033)
4.8%
Market Valuation in 2023
US$ 16.64 billion
Projected Market Value in 2033
US$ 26.51 billion
Growth Factors
Increasing need for high precision in manufacturing
Opportunities
Growing demand in the healthcare industry
Key Trends
Development of hybrid pneumatic-electric actuators
Electro-pneumatic Transducers Market:
Differentiating Aspects
Electro-pneumatic Transducers Market
CAGR (2023 to 2033)
6.8%
Market Valuation in 2023
US$ 5.87 billion
Projected Market Value in 2033
US$ 11.34 billion
Growth Factors
Increasing adoption in the automotive industry
Opportunities
Rising demand for eco-friendly electro-pneumatic transducers
Key Trends
The growing popularity of wireless electro-pneumatic transducers
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Exploring the Regional Patterns of the Smart Pneumatics Market: An In-depth Examination at the Country Level
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
China, Japan, and South Korea Lead the Way in the Growing Smart Pneumatics Industry in Asia Pacific Region
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.
Smart Pneumatics Revolutionize Manufacturing in North America, with the United States Leading the Charge
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 Industry in Europe Thrives, with the United Kingdom at the Forefront of Innovation
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.
Exploring the Smart Pneumatics Market: An In-depth Segment Analysis
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%
Advanced Communication Technologies Make Smart Pneumatic Actuators a Game Changer
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.
Automotive Industry Takes the Wheel in the Smart Pneumatics Industry
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.
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Smart Pneumatics Market: Analyzing Key Players, Strategies, and Market Share in the Global Landscape
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.
Emerson released the non-contacting Rosemount™ 1208 Level and Flow Transmitter Series radar transmitters in January 2023. It enhances the utility applications in the water, wastewater, and process industries.
Emerson unveiled the ASCO™ Series 209 proportional flow control valves in December 2022. The ideal combination of accuracy, pressure ratings, flow characteristics, and energy efficiency are offered by these in a specifically designed, compact construction.
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.
Festo inaugurated the ambitious global Pneumatic Essentials initiative in January 2023. It attempts to simplify ordering, assure immediate shipment of pneumatic parts that are assured to be in stock, and make less bulky parts for machines.
Festo presented a new VAEM solenoid valve controller in March 2020 for multi-head micro-dispensing in medicinal product manufacturing and testing facilities. These applications require fast speed and little change in frequency. The small and effective VAEM provides independent calibration and control of up to eight solenoid valves.
Parker Hannifin Corporation: It is a global manufacturer of motion and control technologies and systems. Its product portfolio includes pumps, valves, filters, and actuators.
The Bestobell high-performance cryogenic valve line was introduced by Parker Hannifin in February 2023. These valves are utilized in applications for the handling, storing, and treating of ultra-low temperature liquefied gases.
The IQAN-G12, a CAN gateway module that leverages Bluetooth® wireless technology for IQAN system diagnostics both locally and remotely, was introduced by Parker Hannifin's Electronic Motion & Controls Division in October 2022. The IQAN-G12 substitutes the IQAN-G11 and provides a faster download speed and higher security.
Key Players
Emerson Electric Co.
Festo AG & Co. KG
Parker Hannifin Corporation
Bimba Manufacturing Co.
Rotork plc
How can Smart Pneumatics Market Players Grow Their Businesses?
Design revolutionary products to satisfy changing consumer demands
Expand the customer base by concentrating on new markets or sectors
Enhance service offerings to improve customer loyalty and retention
Form strategic alliances with businesses that complement one another
Make adequate investments in research and development to improve product offerings
Streamline operations and optimize manufacturing processes to cut expenses and boost productivity
Establish an excellent marketing and sales strategy to raise brand recognition and draw in prospective customers
Smart Pneumatics Market Segmentation
By Component:
Hardware
Software
Services
By Type:
Smart Pneumatic Valves
Smart Pneumatic Actuators
Smart Pneumatic Modules
By Industry:
Oil & Gas
Energy & Power
Water & Wastewater
Automotive
Semiconductor
Food & Beverage
Others
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa(MEA)
Frequently Asked Questions
Where is the Higher Demand for Smart Pneumatics?
North America region generated maximum revenue of the global demand in 2023.
Which Country will Witness Higher Growth?
The United States is estimated to capture a CAGR of 1.2% through 2033.
Which is the Preferred Type for Smart Pneumatics?
The smart pneumatic actuators segment contributes a maximum share in the global market.
Which Industry is Securing Maximum Revenue?
The automotive industry holds a maximum revenue of the global market share.
How the Smart Pneumatics Market developed in the Past?
From 2018 to 2022, the global market exhibited 2.3% CAGR.
Table of Content
1. Executive Summary | Smart Pneumatics Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2023 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Hardware
5.3.2. Software
5.3.3. Services
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2023
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033
6.3.1. Smart Pneumatic Valves
6.3.2. Smart Pneumatic Actuators
6.3.3. Smart Pneumatic Modules
6.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2023
6.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
7. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Industry
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Industry, 2018 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Industry, 2023 to 2033
7.3.1. Oil & Gas
7.3.2. Energy & Power
7.3.3. Water & Wastewater
7.3.4. Automotive
7.3.5. Semiconductor
7.3.6. Food & Beverage
7.3.7. Others
7.4. Y-o-Y Growth Trend Analysis By Industry, 2018 to 2023
7.5. Absolute $ Opportunity Analysis By Industry, 2023 to 2033
8. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. The USA
9.2.1.2. Canada
9.2.2. By Component
9.2.3. By Type
9.2.4. By Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Component
9.3.3. By Type
9.3.4. By Industry
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Component
10.2.3. By Type
10.2.4. By Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Type
10.3.4. By Industry
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Component
11.2.3. By Type
11.2.4. By Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Type
11.3.4. By Industry
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. India
12.2.1.5. Malaysia
12.2.1.6. Singapore
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of APAC
12.2.2. By Component
12.2.3. By Type
12.2.4. By Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Type
12.3.4. By Industry
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Component
13.2.3. By Type
13.2.4. By Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Type
13.3.4. By Industry
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2023
14.1.2.1. By Component
14.1.2.2. By Type
14.1.2.3. By Industry
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2023
14.2.2.1. By Component
14.2.2.2. By Type
14.2.2.3. By Industry
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2023
14.3.2.1. By Component
14.3.2.2. By Type
14.3.2.3. By Industry
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2023
14.4.2.1. By Component
14.4.2.2. By Type
14.4.2.3. By Industry
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2023
14.5.2.1. By Component
14.5.2.2. By Type
14.5.2.3. By Industry
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2023
14.6.2.1. By Component
14.6.2.2. By Type
14.6.2.3. By Industry
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2023
14.7.2.1. By Component
14.7.2.2. By Type
14.7.2.3. By Industry
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2023
14.8.2.1. By Component
14.8.2.2. By Type
14.8.2.3. By Industry
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2023
14.9.2.1. By Component
14.9.2.2. By Type
14.9.2.3. By Industry
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2023
14.10.2.1. By Component
14.10.2.2. By Type
14.10.2.3. By Industry
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2023
14.11.2.1. By Component
14.11.2.2. By Type
14.11.2.3. By Industry
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2023
14.12.2.1. By Component
14.12.2.2. By Type
14.12.2.3. By Industry
14.13. Malaysia
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2023
14.13.2.1. By Component
14.13.2.2. By Type
14.13.2.3. By Industry
14.14. Singapore
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2023
14.14.2.1. By Component
14.14.2.2. By Type
14.14.2.3. By Industry
14.15. Australia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2023
14.15.2.1. By Component
14.15.2.2. By Type
14.15.2.3. By Industry
14.16. New Zealand
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2023
14.16.2.1. By Component
14.16.2.2. By Type
14.16.2.3. By Industry
14.17. GCC Countries
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2023
14.17.2.1. By Component
14.17.2.2. By Type
14.17.2.3. By Industry
14.18. South Africa
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2023
14.18.2.1. By Component
14.18.2.2. By Type
14.18.2.3. By Industry
14.19. Israel
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2023
14.19.2.1. By Component
14.19.2.2. By Type
14.19.2.3. By Industry
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Component
15.3.3. By Type
15.3.4. By Industry
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Emerson Electric Co
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.4.1. Marketing Strategy
16.1.2. Festo AG & Co. KG
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.4.1. Marketing Strategy
16.1.3. Parker Hannifin Corporation
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.4.1. Marketing Strategy
16.1.4. Bimba Manufacturing Co
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.4.1. Marketing Strategy
16.1.5. Rotork plc
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.4.1. Marketing Strategy
16.1.6. Metso Corporation
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.4.1. Marketing Strategy
16.1.7. Thomson Industries, Inc
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.4.1. Marketing Strategy
16.1.8. Solution Control and Engineering Co
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.4.1. Marketing Strategy
16.1.9. Metrolog
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.4.1. Marketing Strategy
16.1.10. The Smart Actuator Company
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.4.1. Marketing Strategy
17. Assumptions & Acronyms Used18. Research Methodology
List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Europe Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 15: Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 16: Europe Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 17: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Asia Pacific Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 19: Asia Pacific Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 20: Asia Pacific Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 21: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: MEA Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 23: MEA Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 24: MEA Market Value (US$ Million) Forecast by Industry, 2018 to 2033
List of Charts
Figure 1: Global Market Value (US$ Million) by Component, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Type, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Industry, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 17: Global Market Attractiveness by Component, 2023 to 2033
Figure 18: Global Market Attractiveness by Type, 2023 to 2033
Figure 19: Global Market Attractiveness by Industry, 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Component, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Type, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by Industry, 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 37: North America Market Attractiveness by Component, 2023 to 2033
Figure 38: North America Market Attractiveness by Type, 2023 to 2033
Figure 39: North America Market Attractiveness by Industry, 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Component, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Type, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by Industry, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 57: Latin America Market Attractiveness by Component, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Type, 2023 to 2033
Figure 59: Latin America Market Attractiveness by Industry, 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Europe Market Value (US$ Million) by Component, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) by Type, 2023 to 2033
Figure 63: Europe Market Value (US$ Million) by Industry, 2023 to 2033
Figure 64: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Europe Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 69: Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 71: Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 72: Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 75: Europe Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 76: Europe Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 77: Europe Market Attractiveness by Component, 2023 to 2033
Figure 78: Europe Market Attractiveness by Type, 2023 to 2033
Figure 79: Europe Market Attractiveness by Industry, 2023 to 2033
Figure 80: Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: Asia Pacific Market Value (US$ Million) by Component, 2023 to 2033
Figure 82: Asia Pacific Market Value (US$ Million) by Type, 2023 to 2033
Figure 83: Asia Pacific Market Value (US$ Million) by Industry, 2023 to 2033
Figure 84: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: Asia Pacific Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 89: Asia Pacific Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 90: Asia Pacific Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 91: Asia Pacific Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 92: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 93: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 94: Asia Pacific Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 95: Asia Pacific Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 96: Asia Pacific Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 97: Asia Pacific Market Attractiveness by Component, 2023 to 2033
Figure 98: Asia Pacific Market Attractiveness by Type, 2023 to 2033
Figure 99: Asia Pacific Market Attractiveness by Industry, 2023 to 2033
Figure 100: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 101: MEA Market Value (US$ Million) by Component, 2023 to 2033
Figure 102: MEA Market Value (US$ Million) by Type, 2023 to 2033
Figure 103: MEA Market Value (US$ Million) by Industry, 2023 to 2033
Figure 104: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 106: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: MEA Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 109: MEA Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 110: MEA Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 111: MEA Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 112: MEA Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 113: MEA Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 114: MEA Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 115: MEA Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 116: MEA Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 117: MEA Market Attractiveness by Component, 2023 to 2033
Figure 118: MEA Market Attractiveness by Type, 2023 to 2033
Figure 119: MEA Market Attractiveness by Industry, 2023 to 2033
Figure 120: MEA Market Attractiveness by Country, 2023 to 2033
