Electrical Industry Today
Pneumatic Cylinder Market Share Projected to Reach USD 28.23 Billion by 2030, Driven by Industrial Automation and Technological Advancements
The Pneumatic Cylinder Market Share is expected to be from USD 19.02 billion in 2023 to about USD 28.23 billion by 2030 with a compound annual growth rate (CAGR) of 5.8% during the forecast period. The primary factors driving this growth include industrial automation and technological advancement in other sectors.
Sources of Growth & Expansion from the Market
Pneumatic cylinders are highly efficient, reliable, and economical, their demand is rising with the growing automation in the industry. A constant processIn Industries there is a never-ending cycle of innovations and advances is happening in pneumatic cylinder, which are smooth, more reliable, and longer-lasting. Industries have shown interest in the development of energy-efficient pneumatic systems to help reduce the operational costs and to minimize environmental impact.
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Segmentation Analysis
Based on type, movement, and end-use industry, the pneumatic cylinder market is segmented as follows:
Based on Type: Single-acting cylinder and double-acting cylinder in the market. In 2023, the double-acting cylinders segment accounted for the largest share of the global hydraulic cylinders market, in terms of both value and volume, as compared to other hydraulic cylinder types due to their faster operation, greater force output, and energy efficiency over single-acting cylinders.
Classified according to Movement: Linear & Rotary motion types of pneumatic cylinders. Linear cylinders are most common for straight-line applications, whereas rotary cylinders are used for applications where rotary motion is needed.
By End-Use Industry: Pneumatic cylinders are used in numerous end-user industries, including automotive, manufacturing, robotics, aerospace, and construction. The automotive sector is a major consumer, with pneumatic cylinders being used in applications from automation systems to material handling equipment.
Country-Level Analysis
U.S.: The U.S. region acquires the major pneumatic cylinders market share, owing to its industrialized background and high usage of automation technologies. Strong presence of large automobile & aerospace manufacturers would further augment demand for the market.
Germany: Its engineering and manufacturing prowess has made Germany one of the leaders in precision and efficiency, making pneumatic cylinders an integral part of its industrial processes. Market growth is also aided by the strength of the automotive sector in the country.
China's rapid industrialisation and growing manufacturing capabilities have significantly driven the demand for pneumatic cylinders. In addition, several government initiatives for automation and improving technology in factories shall boost the market demand.
India: Pneumatic Cylinder Market Potential: India's expanding industrial landscape, especially in automotive and manufacturing, offers considerable business potential for the pneumatic cylinder market. The pneumatic cylinder market is expected to grow due to the increased demand for industrial automation, which can be attributed to government initiatives such as "Make in India".
Japan: The country has its share of advanced manufacturing and heavy automation space, and pneumatic cylinders are a big part of the precision machinery in the region keeping a strong push on the market.
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Competitor Analysis
Some major companies facing the pneumatic cylinder market are implementing various strategic initiatives to increase their market presence.
SMC Corporation — SMC Corporation is a manufacturer of pneumatic equipment providing the complete range of pneumatic cylinders all over the industries. The brand shows a devotion to innovative and quality products, which makes them a strong presence in the market.
Festo SE & Co. KG: Festo, a global expert in automation technology, offers high-quality, reliable, and efficient pneumatic cylinders. With an emphasis on research and development, the company has come up with next-generation products to meet changing data center demands.
Parker Hannifin Corporation: Parker Hannifin manufactures motion and control technologies with a global reach, and has a variety of pneumatic cylinders for different types of applications. For its sustainability and push towards being the frontrunner in technology enables the company to keep a strong position in the market.
Emerson Electric Co. expanded their pneumatic portfolio with the acquisition of Aventics. The company is well-positioned to continue integrating new and advanced technologies into its products as the world moves towards more automated and efficient solutions.
Airtac International Group, is an industrial pneumatic equipment and components provider, delivering affordable and dependable pneumatic cylinders. The company has an extensive distribution network which leads to good global reach.
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Conclusion
Driven by its increasingly application in tandem with industrial automation and technological developments in some of the end use sectors, global pneumatic cylinder market has been gaining quite a significant growth momentum in the last few years. The global Pneumatic Cylinders Market is exhibiting a favorable prospect in the coming years, as the solution is solving the pain areas of industries to achieve efficient and reliable motion control solutions.
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Pneumatic Actuators Market https://www.maximizemarketresearch.com/market-report/global-pneumatic-actuators-market/118964/
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