Underfloor Heating Market – The Smart an...
Posted in Manufacturing by Adolf on Aug 18,2022 717
Smart pneumatics refers to a device that integrates a sensor, detection and control circuit, protection circuit and fault self-diagnosis circuit based on original components and has a power output. Pneumatics is an established technology that continues to be preferred for a variety of applications due to its inherent nature, security in hazardous applications, simplicity and reliability.
It is compatible with high-precision dimensional measurement systems based on air or air-electronic principle, as well as with a wide range of proximity and dry contact sensors that includes robust aluminium and stainless-steel construction. In addition, penetration of digitalization and industrial internet of thing is the factor propelling the growth of market.
Smart pneumatic systems used in industries are usually powered by compressed air or compressed inactive gases to transmit and control power. A pneumatic system organized through manual or automatic solenoid valves and it delivers a lower cost, more flexible, or safer alternative to electric motors and actuators. The rapid growth in water and wastewater industries is the factor creating a lucrative opportunity for the growth of smart pneumatic market.
Smart Pneumatics Market Value and Trends -
The Smart Pneumatics Market is predicted to surpass US$ 6.72 billion by 2030 from US$ 3.68 billion in 2020 at a CAGR of 6.19% within the coming years, i.e., 2020-30. The growth of the market is being driven by the growing awareness of predictive maintenance, the penetration of digitalization and the IoT, as well as the need for wireless infrastructure for the maintenance/monitoring of systems in systems. The penetration of digitalization and the IoT is driving the Smart Pneumatics Market for intelligent pneumatics.
The market is segmented by Type into Valves, Actuators, and Modules. Smart pneumatic actuators use sensors and other electronic components to provide operational feedback (such as speed, force, travel, stroke length, and cycle time) to the controllers. The condition monitoring can use the collected data to determine whether an actuator is working as intended. It also includes modules or platforms that are used to monitor the operation and efficiency of a system. A module basically communicates with sensors in pneumatic systems through an I/O connection, allowing users to anticipate problems before they peak in the machine.
Furthermore, Smart Pneumatics Market is segmented by Industries into Automotive, Semiconductor, Food & Beverage, Water & Wastewater and Oil & Gas. The global automotive industry is seeing significant growth in the number of units produced every day. Machines in the workshop require adequate maintenance to shorten production cycles and increase production. Intelligent pneumatic systems play a crucial role in efficient manufacturing processes. They also use IoT systems to increase energy efficiency and monitor plant health, which creates enormous potential for smart pneumatics in the automotive industry.
Technological innovations with enhanced capabilities and the advent of artificial intelligence and machine learning are likely to create potential demand for Smart Pneumatics during the forecast period. In addition, the need for wireless infrastructure to maintain / monitor equipment in plants is accelerating Smart Pneumatics Market growth.
With the increasing demand for oil and gas equipment, the demand for pneumatic components and their measuring tools is high, and Japan is a significant contributor to the supply and the expected demand is for smart pneumatic components such as smart pneumatic valves and actuators that can generate significant revenue under this category.
Despite all its advantages, the technology requires improvements in terms of energy efficiency, especially when compared to competing technologies such as hydraulics or electrics. Pneumatic systems form the most primitive and clearest class of mechanical control technology and are classified under the term "Fluid Power Control" which describes any process or device that converts, transfers, distributes, or controls energy through the use of gas or pressurized liquids. Also, due to the lack of a common platform for Ethernet, ZigBee and Profibus limits the growth of the market for intelligent pneumatics, as these devices can be easily integrated into wireless systems of the IoT sector via these gateways and due to the lack of integration into the industry and manufacturing sector, the growth of the Smart Pneumatics Market can be challenged.
Increased investment in new assets such as oil and gas sector, steel sector, energy sector and petrochemicals sector, as well as the increasing adoption of international safety standards and practices should continue to grow the market. In North America, increased production and sales of commercial vehicles and off-road trucks as well as increased production of railroads and high-speed trains are driving the regional market growth. Also, the Asia-Pacific region is expected to dominate the Smart Pneumatics Market in the coming years. The growing population, increasing industrialization and rapid urbanization in the Asia-Pacific region, especially in developing countries such as China and India will lead to increasing demand for agricultural products.
COVID-19 had a significant impact on the Smart Pneumatics Market. The pandemic had gained momentum within the recent years with the penetration in digitization moreover as IoT. Aside from this mounting awareness with relevancy prophetical maintenance and also the want for wireless infrastructure to observe tools inside a plant advantages the worldwide market.
Smart Pneumatics Market key Players include - Basso Industry Corp., Bimba Manufacturing Company, Bosch Rexroth AG, Eaton, Emerson Electric Co., Festo AG & Co. KG, Ingersoll-Rand plc,
Metso Corporation and Parker-Hannifin Corporation.