Pneumatic components are devices used for controlling and/or manipulating air pressure in pneumatic systems. Examples of common pneumatic components include valves, cylinders, filters, exhausters and regulators. Pneumatic systems are used in a wide variety of industrial, automotive and aerospace applications and are chosen for their cost-effectiveness and ability to provide precision movement and control with low risk of failure.
Pneumatics has been used in industry since the early 20th century. Since then pneumatic technology has been improved and modernized to meet the needs of evolving industries. Currently, industrial pneumatic solutions are commonly used in process control systems, automation and machine vision applications, as well as in manufacturing processes, product assembly, robotics and material handling.
The global Pneumatic Components market was valued at US$ 13700 million in 2022 and is anticipated to reach US$ 19620 million by 2029, witnessing a CAGR of 5.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Pneumatic Components Market available at: https://www.themarketreports.com/report/global-pneumatic-components-market-research-report
This report aims to provide a comprehensive presentation of the global market for Pneumatic Components, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Pneumatic Components.
Global pneumatic components key players include SMC, Festo, CKD etc. Global top 1 manufacturer hold a share over 37%.
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