Pneumatic Components and Systems Market Report 2024

The pneumatic components and systems market size has grown strongly in recent years. It will grow from $13.39 billion in 2023 to $14.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth during the historical period was driven by improved safety features in pneumatic systems, ongoing investments in R&D, minimal maintenance requirements, long-lasting pneumatic components, and the expansion of renewable energy projects.

The pneumatic components and systems market size is expected to see strong growth in the next few years. It will grow to $18.48 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. Anticipated growth in the forecast period will be fueled by the demand for predictive maintenance, expansion of wireless infrastructure, emphasis on eco-friendly and sustainable pneumatic components and systems, supportive government policies, and investments in education and training in pneumatic technology. Key trends expected include the adoption of cloud-based technologies for pneumatic system control, integration of digital twin technology, utilization of 3D printing, advancement of hybrid systems, and application of data analytics.

The growth of the pneumatic components and systems market is expected to be driven by the expansion of manufacturing industries. This expansion is facilitated by the production of goods through the utilization of machinery, labor, and technology to transform raw materials. Pneumatic components and systems play a crucial role in enhancing manufacturing efficiency by automating processes, ensuring reliable performance, and reducing manual labor. These systems utilize compressed air to power various machinery and tools, offering a cost-effective and efficient operational solution. For example, in March 2022, global manufacturing production rebounded strongly by 9.4% according to the United Nations Industrial Development Organization (UNIDO), following a 4.2% decline in 2020 due to the pandemic. Consequently, the expansion of manufacturing industries is a key driver behind the growth of the pneumatic components and systems market.

Leading companies in the pneumatic components and systems market are innovating with pressure control valves designed to enhance precision and efficiency for industrial automation requirements. These valves regulate or control fluid pressure, ensuring optimal performance and safety across diverse industrial applications. For instance, Emerson, a US-based industrial machinery manufacturer, introduced the AVENTICS Series 625 Sentronic electronic proportional pressure control valves in May 2024. These valves offer precise electronic control with less than 0.5% deviation, making them well-suited for high-precision manufacturing applications such as flame cutting and laser surgery. This advancement enables efficient pneumatic control through portable computer interfaces.

In October 2022, IMI plc, a UK-based engineering company, purchased CorSolutions LLC for $10 million. This acquisition significantly bolsters IMI plc's microfluidic capabilities within the life sciences sector, with the goal of expanding its footprint in the analytical instrument market and fostering growth through cutting-edge technologies. CorSolutions LLC, based in the US, specializes in manufacturing advanced products that enable precise fluid control, including precision low-flow pulseless pumps, flow meters, and other related devices.

Major companies operating in the pneumatic components and systems market are Parker Hannifin Corporation, Emerson Electric Co., Freudenberg Group, Bosch Rexroth AG, SMC Corporation, Festo Inc., Trelleborg AB, IMI plc, Airtac International Group, CKD Corporation, Camozzi Automation Inc., Mac Valves Inc., Ross Controls, Humphrey Products, Versa Products Co. Inc., RS Components Limited, Bansbach Easylift GmbH, Nitta Corporation, Duncan Engineering Ltd, Mindman Industrial Co. Ltd., Metal Work S.p.a., Air Logic, Pneumax Limited, Seauto Seals Automoción SL, Janatics Industrial Automation Private Limited.

North America was the largest region in the pneumatic components and systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pneumatic components and systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the pneumatic components and systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Pneumatic components and systems utilize compressed air or gas to create mechanical motion. These systems include air compressors, pneumatic motors, and other elements for control and operation in industrial settings, providing simplicity, reliability, and strong force. They are essential in various industries, offering cost-effective and efficient solutions to automation and control challenges.

The key types in pneumatic components and systems include pneumatic valves, cylinders, grippers, pressure sensors, pressure switches, auxiliary components, and others. A pneumatic valve is a mechanical device that regulates air or gas flow by opening, closing, or partially obstructing passages. These valves serve various capacities - from light to heavy duty - and find applications across industries such as food and beverage, packaging, automotive, HVAC, automation, manufacturing, medical, pharmaceuticals, oil and gas, chemicals, among others.

The pneumatic components and systems market research report is one of a series of new reports that provides pneumatic components and systems market statistics, including pneumatic components and systems industry global market size, regional shares, competitors with a pneumatic components and systems market share, detailed pneumatic components and systems market segments, market trends and opportunities, and any further data you may need to thrive in the pneumatic components and systems industry. This pneumatic components and systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pneumatic components and systems market consists of sales of air preparation units, pneumatic fittings, tubing, and hoses. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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