March 08, 2018
WELLESLEY, Mass., Mar. 08, 2018–Improvements in design and technology, the expansion of industrialization and a growing awareness of energy expenditure savings are helping to drive growth in the worldwide pneumatic equipment market, according to a report by BCC Research.
The global market is expected to see a compound annual growth rate (CAGR) of 6.7% through 2022, when the sector could be worth $113.9 billion, according to the report Pneumatic Equipment: Technologies and Global Markets.
Major players in the market include Advanced Pneumatics, Basso Industry Corp., Bosch Rexroth, Chicago Pneumatic, Delton Pneumatics, Eaton Corp., Festo, Gardner Denver, Hitachi Koki, Ingersoll Rand Inc., Jiffy Air Tool, Kramer Air Tools Inc., Makita Corp., Mann+Hummel, Mitsubishi Heavy Industries Ltd., P&F Industries, Pneumatic Products, SMC Corp. of America, Stanley Black & Decker Inc. and VAC-U-MAX.
“There is vast improvement in pneumatic sealing technology with the availability of a range of composite materials such as synthetic esters, which extend product lifetime and reduce the costs of operating pneumatic actuators,” said BCC Research analyst report author Srinivasa Rajaram. “Also, new permanent lubricating materials such as synthetic ester have extended the life of non-repairable actuators. New application opportunities for pneumatic actuators have led to these technological advances.”
Challenges to the Market Include New Equipment, Poor Integration
A number of challenges could threaten growth in the market. Chief among them is the appearance of electromechanical equipment as a replacement for pneumatic equipment – benefits include better control, greater power, cleaner technology and extended life cycles. Other threats include the failure of air cylinders, the need for better integration of pneumatic equipment with electronics-based products and the need for manufacturers to upgrade supply chains with database management systems.
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Pneumatic Equipment: Technologies and Global Markets( IAS123A )
Publish Date: Mar 2018
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