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Global Pneumatic Equipment Market to reach USD xxx billion by the end of 2029.

Global Pneumatic Equipment Market Size study & Forecast, by Type (Actuators, Valves, Fittings, Others) By End-user (Automotive, Food and Beverage, Aerospace and Defense, Life Sciences, Chemical and Petrochemical, Others) and Regional Analysis, 2022-2029

Product Code: ALTAMC-35683793
Publish Date: 9-05-2023
Page: 200

Global Pneumatic Equipment Market is valued approximately at USD xx billion in 2021 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2022-2029. Pneumatic equipment refers to machines, devices, or systems that are powered by compressed air or gas, typically used in various industrial and commercial applications. Pneumatics is a branch of engineering that deals with the use of compressed air or gas to generate mechanical motion or perform work. Pneumatic equipment utilizes compressed air or gas as a source of power to transmit and control energy, typically through the use of pneumatic actuators, valves, cylinders, motors and other components. The Pneumatic Equipment market is expanding because of factors such as rapid growth in the industrial sector and increasing automation across Industries.

Pneumatic equipment is commonly used in a wide range of industries, including manufacturing, automotive, aerospace, food and beverage, packaging, construction, and many others. Its prevalence has progressively increased during the last few decades. According to the Statista, in 2022, global industrial production grew by 1.5% compared to the previous year. Furthermore, in 2021, the world production value of machine tools reached approx. USD 83.9 billion, representing a 24% increase compared to the previous year. Another important component driving space is rising automation across Industries. As per Statista, in 2020, the global market for industrial control and automation was estimated to be worth approximately USD 195 billion with a compound annual growth rate of approximately 9% and projected to reach up to USD 340 billion by 2026. In addition, by 2021, the process automation segment is expected to be worth more than USD 83 billion. The global automation market is expected to expand significantly, particularly in 3D printing, artificial intelligence and drones. Also, stringent government regulations and rising technological advancement in pneumatic equipment would create lucrative growth prospects for the market over the forecast period. However, the high cost of Pneumatic Equipment stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Pneumatic Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominates the market in terms of revenue, owing to the increase in production and sales of commercial vehicles in the region. According to the Statista, in United States over 12 million commercial cars were sold in 2021, an increase from the 11.5 million units that were estimated to have been sold in 2020. Motor vehicles used to transport goods or pay passengers fall under this category. Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising adoption of industrial automation techniques in various industries such as automotive in the market space.

Major market player included in this report are:

Festo Inc. (Philippines)
Emerson Electric Co. (United States)
SMC Corporation of America (United States)
Siemens AG (Germany)
Parker Hannifin Corp. (United States)
Ingersoll Rand Inc. (United States)
Koki Holdings Co. Ltd (Japan)
Chicago Pneumatic (United States)
Eaton Corporation plc (Ireland)
Ross Controls India Pvt Ltd (India)

Recent Developments in the Market:
Ø In December 2022, Emerson’s solution incorporates ZEDEDA’s edge management and orchestration capabilities into its DeltaVTM automation system, allowing Emerson customers to extend DeltaV to the distributed edge. This expansion will provide improved OT alternatives while proceeding into the IT environment, offering software-defined automation and revolutionizing the deployment and communication workflows within their distributed systems.

Global Pneumatic Equipment Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered End-user, Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Actuators
Valves
Fittings
Others

By End-user
Automotive
Food and Beverage
Aerospace and Defense
Life Sciences
Chemical and Petrochemical
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Pneumatic Equipment Market, by region, 2019-2029 (USD Billion)
1.2.2. Pneumatic Equipment Market, by Type, 2019-2029 (USD Billion)
1.2.3. Pneumatic Equipment Market, by End-user, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Pneumatic Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Pneumatic Equipment Market Dynamics
3.1. Pneumatic Equipment Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Rapid growth in the industrial sector
3.1.1.2. Increasing automation across Industries
3.1.2. Market Challenges
3.1.2.1. High Cost of Pneumatic Equipment
3.1.3. Market Opportunities
3.1.3.1. Stringent Government Regulations
3.1.3.2. Rising technological advancement in Pneumatic Equipment

Chapter 4. Global Pneumatic Equipment Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Pneumatic Equipment Market, by Type
6.1. Market Snapshot
6.2. Global Pneumatic Equipment Market by Type, Performance – Potential Analysis
6.3. Global Pneumatic Equipment Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Pneumatic Equipment Market, Sub Segment Analysis
6.4.1. Actuators
6.4.2. Valves
6.4.3. Fittings
6.4.4. Others
Chapter 7. Global Pneumatic Equipment Market, by End-user
7.1. Market Snapshot
7.2. Global Pneumatic Equipment Market by End-user, Performance – Potential Analysis
7.3. Global Pneumatic Equipment Market Estimates & Forecasts by End-user 2019-2029 (USD Billion)
7.4. Pneumatic Equipment Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Food and Beverage
7.4.3. Aerospace and Defense
7.4.4. Life Sciences
7.4.5. Chemical and Petrochemical
7.4.6. Others
Chapter 8. Global Pneumatic Equipment Market, Regional Analysis
8.1. Pneumatic Equipment Market, Regional Market Snapshot
8.2. North America Pneumatic Equipment Market
8.2.1. U.S. Pneumatic Equipment Market
8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
8.2.1.2. End-user breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Pneumatic Equipment Market
8.3. Europe Pneumatic Equipment Market Snapshot
8.3.1. U.K. Pneumatic Equipment Market
8.3.2. Germany Pneumatic Equipment Market
8.3.3. France Pneumatic Equipment Market
8.3.4. Spain Pneumatic Equipment Market
8.3.5. Italy Pneumatic Equipment Market
8.3.6. Rest of Europe Pneumatic Equipment Market
8.4. Asia-Pacific Pneumatic Equipment Market Snapshot
8.4.1. China Pneumatic Equipment Market
8.4.2. India Pneumatic Equipment Market
8.4.3. Japan Pneumatic Equipment Market
8.4.4. Australia Pneumatic Equipment Market
8.4.5. South Korea Pneumatic Equipment Market
8.4.6. Rest of Asia Pacific Pneumatic Equipment Market
8.5. Latin America Pneumatic Equipment Market Snapshot
8.5.1. Brazil Pneumatic Equipment Market
8.5.2. Mexico Pneumatic Equipment Market
8.5.3. Rest of Latin America Pneumatic Equipment Market
8.6. Rest of The World Pneumatic Equipment Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Festo Inc.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Emerson Electric Co.
9.2.3. SMC Corporation of America
9.2.4. Siemens AG
9.2.5. Parker Hannifin Corp.
9.2.6. Ingersoll Rand Inc.
9.2.7. Koki Holdings Co. Ltd
9.2.8. Chicago Pneumatic
9.2.9. Eaton Corporation plc
9.2.10. Ross Controls India Pvt Ltd

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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