Smart Pneumatics industry

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Smart Pneumatics industry Research Report By
Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Smart Pneumatics industry Forecast To 2023
Smart Pneumatics industry Forecast To 2023

• The global Smart Pneumatics industry was worth
  USD 3.14 billion in 2017 and could touch the
  valuation of USD 4.76 billion by 2023, says
  Market Research Future (MRFR). It is projected to
  achieve a CAGR of 7.5 during the forecast period
  (2018-2023).
• Smart pneumatic systems that form an integral
  part of any industry are generally powered by
  compressed air to transmit and control power. A
  pneumatic system that is organized using manual
  or automatic solenoid valves is chosen when it
  delivers a lower cost, highly flexible, or safer
  alternative to electric motors as well as
  actuators. Pneumatic tube systems help reduce
  personnel costs as the errands are automated, in
  addition to the surge in the consistency of
  transport processes.

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Smart Pneumatics industry Forecast To 2023
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Smart Pneumatics
industry Forecast To 2023

• The Smart Pneumatics industry has gained momentum
  in recent years with the penetration of
  digitization as well as IIoT as the latters
  incorporation lets the companies connect sensors
  to observe parameters such as temperature, noise,
  and vibration. IIoT helps enable a single
  platform where companies are able to incorporate
  all the data and then process them as needed.
  Apart from this, mounting awareness with regard
  to predictive maintenance and the need for
  wireless infrastructure to monitor tools within a
  plant benefits the global market.
• With that said, nonexistence of standardized
  certifications could prove to be a challenge for
  the Smart Pneumatics industry in the coming
  years. On the bright side, smart pneumatic market
  is brimming with a host of opportunities as the
  future can expect technical inventions with
  higher capabilities. In addition, initiation of
  artificial intelligence and machine learning
  could ensure the market growth is smooth in the
  near future.

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Smart Pneumatics industry Forecast To 2023
Global Smart Pneumatics industry Segmented on
the basis of
The worldwide market for smart pneumatics has
been segmented on the basis of type, component
and end-user. With respect to the type, the smart
pneumatic market has been considered for smart
pneumatic valve, smart pneumatic actuator, and
smart pneumatic module. Component-based segments
mentioned in the report are hardware and
software. Hardware is further segmented into
sensor and communication equipment. The software
segment can be narrowed down to data integration
software, diagnostic reporting, and parameter
calculation. Depending on the end-user, the smart
pneumatic market caters to automotive, oil gas,
food beverage, energy power, and others.
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Smart Pneumatics industry Forecast To 2023
Global Smart Pneumatics industry - Geographical
Analysis

• The Smart Pneumatics industry has been studied in
  the key regions of North America, Asia Pacific
  (APAC), Europe, as well as the rest of the world
  (RoW).
• Asia Pacific could achieve the top position in
  the worldwide Smart Pneumatics industry during
  the review period. The market growth is in
  response to the rising adoption of smart
  manufacturing or Industry 4.0 across various
  industries. Also, surging focus on ideal asset
  application, strict government regulations for
  the workplace as well as personal safety works in
  favor of the market. Another growth-inducing
  factor in the market include the tight
  superiority control in the semiconductor,
  automotive, food beverages and chemicals,
  industries.
• The mounting awareness about predictive
  maintenance along with high penetration of
  digitization and IIoT is backing up the market
  growth in North America. Also, the need for
  wireless infrastructure to maintain and monitor
  equipment in plants is expected to benefit the
  regional market in subsequent years.
• The Europe market is gaining traction with the
  rising adoption of smart factors, which gives way
  to increasing use of pneumatic devices to control
  the flow mechanism of air within the pneumatic
  system. The advent of IIoT and industry 4.0 in
  the region also boost market growth.

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Smart Pneumatics industry Forecast To 2023
Global Smart Pneumatics industry - Competitive
Analysis

• Bimba Manufacturing Co. (US), Parker Hannifin
  Corporation (US), Rotork PLC (UK), Emerson
  Electric Co. (US), Thomson Industries Inc. (US),
  Aventics GmbH (Germany), Festo Corporation (US),
  Rotex Automation Limited (India), Cypress
  EnviroSystems Corp (US), Ningbo Smart Pneumatic
  Co. Ltd (China) are the top players in the Smart
  Pneumatics industry. Apart from these players,
  other companies contribute close to 3035 in
  the Smart Pneumatics industry.

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  om/reports/smart-pneumatics-market-7589

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