Pneumatic Component Market

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.