Smart Pneumatics Market Size

Smart Pneumatics Market Analysis

The smart pneumatics market is estimated to grow at a CAGR of 6.94% during the forecast period (2021 - 2026). One of the key theories driving the future of pneumatics is its overall equipment effectiveness, which is improved with a boosted understanding of machine systems and processes. While the focus is very much on the electronic and digital control of automated systems, this doesn't necessarily prevent a future for pneumatics, as many material elements of the pneumatic system are able to adapt their designs and processes to incorporate IIoT factors into their operation. Researchers are looking at advanced electronic data collection systems; for example, using thin foils. These foils could be attached as labels to a pneumatic cylinder, where they would gather usage and sensory data and transmit it wirelessly to a control network.

• Growing awareness toward predictive maintenance is driving the market, due to the emergence of industry 4.0 and sophisticated 'smarter' technologies. According to Accenture, predictive maintenance of assets is one matching area of focus, which saves up to 12 percent over scheduled repairs, reducing overall maintenance costs up to 30 percent, and eliminating breakdowns up to 70 percent. For fluid power systems, it means a whole new level of condition and remote monitoring, to the extent that maintenance personnel can determine whether some obstacles has occurred or not.
• Penetration of digitization and IIoT is driving the market. According to vXchnge Holdings Inc., over 80% of industrial manufacturing companies are using or planning to use IoT devices for better energy efficiency, and higher overall levels of production uptime. This enhances the demand of smart pneumatics in the coming years. Recently in May 2019, Emerson has released a new tool to help pneumatic system users conveniently and easily see the potential benefits of integrating IIoT. By connecting the new AVENTICS Smart Pneumatics Analyzer to the pressurized air supply on a present machine, users will have instantaneous analysis options for key machine characteristics such as compressed air consumption and possible leakages.
• Lack of common platform for ethernet, zigbee and profibus is restraining the market to grow as these devices can easily be integrated into wireless systems across the IoT industry via these gateways and due to lack of integration at industrial and manufacturing sector the market for smart pneumatics is challenging to grow.