Vertical: EnPBase Year: 201910 Sections
Market Size (2019)
$14.62B
Projected (2026)
$19.31B
CAGR (2018–2026)
4.0%
Key Players
14+
The demand for pneumatic components is growing significantly in the global market owing to the need for improved machine safety and operation enhancements and the increasing application in manufacturing industries.
The global pneumatic components market is projected to grow at 4.15% CAGR during the forecast period, 2020–2026. In 2019, the pneumatic components market was dominated by Asia-Pacific with a 35.9% share, followed by North America and Europe with shares of 31.4% and 22.1%, respectively.
The global pneumatic components market has been segmented based on type, application, and region. Based on type, the global pneumatic components market has been segmented into air treatment components, pneumatic valves, and pneumatic cylinders. The air treatment components segment is expected to grow at the fastest rate during the forecast period. In 2019, the air treatment components segment held a share of 55.4% of the global pneumatic components market.
Based on application, the global pneumatic components market has been segmented into electronics, chemical industry, machinery, and others. The machinery segment is expected to grow at the fastest rate during the forecast period. In 2019, the others segment held a 39.6% share of the global pneumatic components market.
The Pneumatic Component Market market is projected to grow at a CAGR of 4.0% from 2018 to 2026.
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View Subscription PlansPneumatic components are a part of pneumatic engineering that makes use of gas or compressed air. Pneumatic components are extensively used in industrial automation and are usually powered by compressed air. Pneumatic components include actuators, valves, cylinders, and fittings, among others. The major advantages of pneumatic components are infinite availability of the source, easy channeled, safe, can be easily stored, and easily utilized.The demand for pneumatic component devices is expected to show significant growth during the forecast period.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2019
Historical Period
2018 – 2018
Forecast Period
2020 – 2026
Primary Interviews
150+
Historical data (2018–2019) and forecast period (2019–2026)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global pneumatic components market is characterized by the presence of many local, regional, and global vendors. The market is highly competitive, with all the players continually competing to gain a larger market share. High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are some of the critical factors that could restrain the market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket services. It is crucial for vendors to provide cost-effective and efficient products to survive and succeed in a competitive market environment.
The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. ABB, General Electric, Schneider Electric, Doosan, and Siemens are some of the key players operating in the global market. These companies compete in terms of availability, quality, price, and technology. They consider product development as their key strategy in the global pneumatic components market. Although the international players are dominating the market, regional and foreign players with small market shares also have a significant presence. The international players may strengthen their presence in the global market by heavily investing in product development during the forecast period.
Market estimates by geography (2026)
InsightAsia Pacific leads with $7.23B by 2026.
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View Subscription Plans| REGION | 2018 | 2019 | 2026 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $5.08B | $5.97B | $7.23B | 4.5% | 37% |
| South America | $688.80M | $747.70M | $834.50M | 2.4% | 4% |
| Europe | $3.12B | $3.54B | $4.12B | 3.5% | 21% |
| North America | $4.44B | $5.12B | $6.08B | 4.0% | 32% |
| Middle East and Africa | $812.40M | $906.20M | $1.04B | 3.1% | 5% |
| Total | $14.14B | $16.29B | $19.31B | 4.0% | 100% |
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View Subscription PlansTotal Market Size
$19.31B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Air Treatment Components | $10.95B | 4.3% | 57% |
| Pneumatic Valves | $5.53B | 3.6% | 29% |
| Pneumatic Cylinders | $2.82B | 3.3% | 15% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Pneumatic Component Market covering market dynamics, competitive landscape, and strategic outlook.
The Pneumatic Component Market market is projected to reach $19.31B by 2026, growing at 4.0% CAGR. The Air Treatment Components segment holds the largest share.
The global pneumatic components market is expected to grow significantly during the forecast period owing to the increasing need for machine safety and operation enhancements. Moreover, the increasing use of pneumatic components in industrial automation is expected to create an opportunity for the players operating in the global market. However, the high operational cost and possibilities of workplace contamination are expected to restrain the growth of the global pneumatic components market during the forecast period.
Pneumatic components are significant parts of the manufacturing and other end-use industries owing to the increasing demand for safe and precise processes, including compressed air use and energy-conscious automation. Many manufacturers engaged in providing pneumatic systems focus on developing technologies that ensure machine safety. The manufacturers also aim to enhance energy consumption and connectivity as well as monitoring plant automation as it helps in maintenance planning and operational efficiency. There are various features and advantages associated with pneumatic components that make these components a preferred choice for several end-use applications. With the rapid adoption of the Industrial Internet of Things (IIoT), pneumatics technology is gaining a lot of traction and becoming more and more functional and commercial with its capabilities in tracking and measurement. This provides significant insight into machine operation and the performance of devices.
Both machine safety and operation enhancements are the most significant steps during the design & development phase. The most critical aspect of machine safety and integration is not integration but properly handling all types of stops and restarts. This creates a demand for properly designed programs, including pneumatic systems, which help restart the machine by returning to a known position of safely and resuming the automatic cycle with minimum operator intervention. Thus, the need for machine safety and operation enhancements is expected to drive the growth of the global pneumatic components market during the forecast period.
Rising investments in industrial automation are expected to create a boost in demand for pneumatic components, as many devices used in industrial automation are powered by compressed air. Moreover, industrial automation has been witnessing innovations in the field of robotics. For instance, in 2018, Amazon delivered almost five billion items in 2 days, which was the result of the advanced capabilities of robotics-driven factory automation and artificial intelligence. Additionally, pneumatic components such as pneumatic actuators find various applications in industrial automation. Advanced pneumatic actuators contain wireless sensors and valve controls, which results in predictive maintenance functionality. Moreover, the development of a pneumatically driven manufacturing cell for low-cost automation applications is one of the recent innovations in the field of industrial automation. This cell can be used in applications as a low-cost alternative to increase production and output quality. Thus, the increasing use of pneumatic components in industrial automation is expected to create a growth opportunity for the players operating in the global pneumatic components market during the study period.
Pneumatic components are usually quiet as compared to hydraulic components, primarily because the power source is installed remotely from the machine in an enclosure, which helps contain its noise. However, as air is compressed into pneumatic components, an air-driven actuator cannot hold a load rigidly in place, which is not the case with a hydraulic actuator. To overcome this, an air-driven device requires a combination of air for power and significant quantities of oil as the driving medium. This combination adds to the cost of the machine, increasing the operational cost. Furthermore, the high quantities of oil required for the smooth functioning of the pneumatic components could contaminate the workspace environment. Thus, the high operational cost and workplace contamination is expected to restrain the growth of the global pneumatic components market during the forecast period.
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Profiles of 107 companies operating in the Pneumatic Component Market market, including revenue, employee count, and market positioning where available.
Showing 107 of 107 companies
Parker-Hannifin is the world's largest pure-play motion-and-control technology company, combining eight interconnected core technologies — hydraulics, pneumatics, electromechanical, filtration, fluid and gas handling, process control, engineered materials and climate control — across two reportable segments: Diversified Industrial (67% of FY2026 sales) and Aerospace Systems (33%). The company sells hundreds of thousands of part numbers, none above 1% of sales, through OEM channels and a global distributor network serving several hundred thousand customer locations. Its decentralized operating model is run through "The Win Strategy™ 3.0", a business system credited with lifting adjusted segment operating margin from 22.3% (FY2022) to a record 27.3% (FY2026). Portfolio transformation — CLARCOR (2017), LORD and Exotic Metals (2019), Meggitt (2022), Curtis (2025), Filtration Group (2026) and the pending CIRCOR Aerospace deal — has shifted the mix toward aerospace, aftermarket and longer-cycle, higher-margin revenue. Management targets 30% adjusted segment margins by FY2031. --- ### What the company does — company description In its FY2026 Form 10-K, Parker describes itself as a global leader in motion and control technologies that uses a combination of interconnected technologies to design, manufacture and provide aftermarket support for highly engineered solutions, principally for aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets. The company emphasizes a decentralized operating structure intended to deepen customer relationships and team-member engagement, governed by The Win Strategy (goals: Engaged People, Customer Experience, Profitable Growth, Financial Performance) and anchored by the purpose statement "Enabling Engineering Breakthroughs that Lead to a Better Tomorrow". [Filing: FY2026 10-K, Item 1] ### Reportable segments and market verticals [Filing: FY2026 10-K] ### Business and revenue model **Product vs. service vs. subscription vs. licensing mix.** Parker's revenue is overwhelmingly product revenue, recognized mostly at a point in time on shipment; a portion (largely aerospace development and long-production contracts) is recognized over time using cost-to-cost, efforts-expended or units-of-delivery methods [Filing: FY2026 10-K, Critical Accounting Policies]. The company does not disclose a numeric product/service/subscription/licensing split — not publicly disclosed. Repair, overhaul and spares in Aerospace Systems function as a service-like aftermarket annuity, and distributor-channel replacement parts in Diversified Industrial play the same role, but the aggregate aftermarket percentage for Parker as a whole is not disclosed in the filings reviewed. Disclosed indicators of aftermarket intensity include: Filtration Group derives ~85% of its sales from aftermarket replacement, and the deal lifts Parker Filtration's aftermarket share by ~500 bps [Filing: FGC press release, 11 Nov 2025]; Aerospace FY2026 Q3 aftermarket sales grew 14% with commercial OEM up 22% [Filing: Q3 FY2026 release]. **Value-chain position.** Parker is a Tier-1/Tier-2 component and subsystem supplier. In aerospace, it holds sole-source positions on airframe and engine programs (flight control, fuel, hydraulic, braking, thermal, inerting and fire-protection systems) from which it earns decades of follow-on spares and repair revenue. In industrial markets, it supplies engineered components (fittings, hose, valves, pumps, seals, filters, actuators, controls) into OEM equipment and services the installed base through distributors. **Customer types.** OEMs (aircraft and engine makers, machinery, truck, agricultural, construction, semiconductor-equipment, HVAC/R and energy-equipment builders), airlines and MRO providers, defense agencies and primes (including the U.S. government, which brings ITAR, EAR and CMMC obligations), and independent distributors. No single product exceeds 1% of sales [Filing]. **Pricing.** Management describes value-based pricing ("priced by the value they deliver") as a strategic objective [Filing: FY2026 10-K MD&A]. List-price or contract-pricing models are not publicly disclosed. ### Independent characterization Parker is best understood as a compounder of engineered-component franchises that uses a common operating system (Win Strategy, lean, Simple-by-Design, high-performance teams, "local-for-local" supply) to raise margins of acquired businesses. Since FY2022, three structural shifts are visible in the numbers: (1) aerospace mix has risen from 15.9% of sales (FY2022) to 32.8% (FY2026), with Aerospace now the highest-margin segment (26.0% reported, 29.9% adjusted); (2) margin step-change — total adjusted segment operating margin up 500 bps in four years; and (3) cash generation — FCF margin up from 13.9% to 18.2%. The FY2027 portfolio (with Filtration Group, Curtis and, if closed, CIRCOR Aerospace) will be more aftermarket-weighted and less exposed to the short-cycle North American industrial base that drove three years of flat-to-negative organic growth in FY2024–FY2025.
Company Headquarters: Japan Founded: 1943 Workforce: ~1,000 Company Working: CKD Corp is engaged in the machinery business. It operates through two segments, namely, automated machinery and component segments. Its automated machinery segment covers the manufacture and sale of large-scale equipment such as lithium-ion battery manufacturing systems, three-dimensional solder printing inspection machines, automatic packaging system, image processing inspection system, lighting manufacturing system, and capacitor manufacturing system. The component segment manufactures and sells automation devices, pneumatic control systems, drive equipment, pneumatic equipment, and fluid control devices.
Company Headquarters: Taiwan Founded: 1988 Workforce: ~6,570 Company Working: AirTAC International Group is a Taiwan-based company, which manufactures and distributes pneumatic control components and pneumatic actuators. The company offers actuators such as standard cylinders, mini cylinders, compact cylinders, and cylinder accessories. It offers control components such as flow control valves, solenoid valves, pneumatic control valves and manual, and mechanically actuated valves, among others. It also offers air source processing units such as pressure meters, pressure regulating valves, pressure regulating filters, automatic drainers, and oil feeders.
Company Headquarters: China Founded: 2000 Workforce: ~500 Company Working: CNSNS is engaged in the manufacture of cylinders, air source producers, valves, couplings, and auxiliary components. The company specializes in the manufacture of hydraulic and pneumatic components. It also has specialized business units for R&D, manufacture, sales, and service. Some of the major customers for the company operate in end-use industries such as electronics, metallurgy, plastics, petroleum, mineral, packaging, and construction.
Company Headquarters: China Founded: 1985 Workforce: ~500 Company Working: Easun Pneumatic Science & Technology is engaged in the business of manufacturing moulds, parts machining, air source treatment, surface treatment, pneumatic control valve, air cylinders, and cylinder fittings. The company has invested over USD 4 billion in its infrastructure. It has a strong R&D team and aims to launch more than ten products every year. The company’s factory is equipped with more than 300 high-precision CNC machines to manufacture the products.
Company Headquarters: China Founded: 1956 Workforce: ~2,000 Company Working: Wuxi Huatong Pneumatic Manufacture Co., Ltd is engaged in manufacturing pneumatic components. The company’s product offerings include valves, cylinders, air filter components, and various other accessories. It is also engaged in original equipment manufacturing and providing design services and custom-made production services. Public-Private partnership initiatives are a major strategy of the company.
12 interactive charts drawn from the Pneumatic Component Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Pneumatic Component Market Nigeria, South Africa, Rest Of Middle East And Africa, Saudi Arabia, UAE and Egypt Of Middle East And Africa
Global Pneumatic Component Market United States, Canada and Mexico Of North America By Country
Global Pneumatic Component Market Germany, Spain, France, United Kingdom, Italy, Russian Federation and Rest Of Europe By Country
Global Pneumatic Component Market Argentina, Brazil, Chile, Colombia and Rest Of South America
Global Pneumatic Component Market Australia, China, Indonesia, India, Japan, South Korea and Rest Of Asia Pacific By Country
Global Pneumatic Component Market By Region
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
