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Smart Pneumatics Market Thriving at a Tremendous Growth: Emerson Electric,Festo,Parker Hannifin

Latest research document on ‘Smart Pneumatics’market  is added in AMA database providing detailed insights on growth factors and future strategies. The study breaks market by key regions that includes North America, Europe, Asia-Pacific with country level break-up and provide volume* and value related cross segmented information by each country. Some of the important players from a wide list of coverage used under bottom-up approach are Emerson Electric (United States),Festo (Germany),Parker Hannifin (United States),Bimba Manufacturing (United States),Rotork plc (United Kingdom),Metso Corp. (Finland),Thomson Industries (United States)

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What isSmart Pneumatics Market?

The Smart Pneumatics Monitor (SPM) IoT gateway analyses existing sensor signals and uses the result to generate status information. To monitor the wear of a shock absorber. The SPM makes it easy for customers who are already using AV valves and the AES Fieldbus system to take a further step towards implementing IoT solutions. Programming of the SPM can even be modified while the application is running, without any impact on communication to the controller. The use of smart pneumatics reduces the operating cost as well as minimizes the risk of unplanned machine downtime.

Market Segmentation & Scope

Study by  Type (Smart Pneumatic Valves, Smart Pneumatic Actuators, Smart Pneumatic Modules), Application (Oil & Gas, Energy & Power, Water & Wastewater, Automotive, Semiconductor, Food & Beverages, Others, Metal and Mining, Chemicals, Pharmaceuticals), Component (Hardware (Sensor)

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Market Influencing Trends:

Digital Technologies in Engineering of Pneumatics

Growth Drivers

Growing Awareness toward Predictive Maintenance

Penetration of Digitization and IIot

Demand for Smart Pneumatics Due to Remote Monitoring Capabilities

Need for Wireless Infrastructure to Maintain/Monitor Equipment in Plants

Stringent Environmental and Safety Regulations in Energy Industry

Restraints that are major highlights:

High Initial Investments in Valve Projects

Lack of Common Platform for Zigbee, Profibus, and Ethernet

Lack of Standardized Certifications and Government Policies

Opportunities

Technological Innovations with Improved Capabilities

The advent of Artificial Intelligence and Machine Learning

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Country level Break-up includes:

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Spain, Italy, Netherlands, Switzerland, Nordic, Others)

Asia-Pacific (Japan, China, Australia, India, Taiwan, South Korea, Middle East & Africa, Others)

Strategic Points Covered in Table of Content of Smart Pneumatics Market:

Chapter One: Global Smart Pneumatics Market Industry Overview

1.1 Smart Pneumatics Industry

1.1.1 Overview

1.1.2 Products of Major Companies

1.2 Smart Pneumatics Market Segment

1.2.1 Industry Chain

1.2.2 Consumer Distribution

1.3 Price & Cost Overview

Chapter Two: Global Smart Pneumatics Market Demand

2.1 Segment Overview

2.1.1 APPLICATION 1

2.1.2 APPLICATION 2

2.1.3 Other

2.2 Global Smart Pneumatics Market Size by Demand

2.3 Global Smart Pneumatics Market Forecast by Demand

Chapter Three: Global Smart Pneumatics Market by Type

3.1 By Type

3.1.1 TYPE 1

3.1.2 TYPE 2

3.2 Smart Pneumatics Market Size by Type

3.3 Smart Pneumatics Market Forecast by Type

Chapter Four: Major Region of Smart Pneumatics Market

4.1 Global Smart Pneumatics Sales

4.2 Global Smart PneumaticsRevenue & market share

Chapter Five: Major Companies List

Chapter Six: Conclusion

Key Development Activities:

The global pneumatics market is becoming highly competitive with the rise of the internet of things (IIot) and industry 4.0. Manufacturers have realized that developing smart pneumatic components necessary not only to address the current demand for energy efficient products but also to remain competitive in the market.

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