Smart Pneumatics Market Introduction
Industrial end-users are increasingly striving for efficient and technologically advanced systems as they are faced with growing competitive pressures. Consequently, industries are witnessing significant penetration of automation, which is also backed by the falling cost of digital technology.
Companies are gravitating towards digital equipment, such as smart devices that can provide useful services with a high degree of autonomy.
Different types of smart pneumatics, such as smart valves and actuators are witnessing significant adoption, as they require less maintenance, last longer and simultaneously offer improved performance, which is optimal for overall reliability of processes.
Rise of IIoT and Industry 4.0 Favoring Growth in Smart Pneumatics Market
The IIoT and Industry 4.0 require smarter devices across the entire manufacturing spectrum, and thus could necessitate the adoption of smart pneumatics significantly.
With manufactures and end-users increasingly focusing on energy efficiency to reduce energy costs amid a global initiative to reduce carbon footprint, the demand for smart pneumatics is likely to grow.
As companies realize the necessity of developing smart pneumatic components in order to capitalize the ever-evolving consumer preference for energy-efficient products, the smart pneumatics market is expected to proliferate.
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Smart Pneumatics Market- Segmentation
Based on component, the smart pneumatics market is segmented into:
Based on type, the smart pneumatics market is segmented into:
Based on industries, the smart pneumatics market is segmented into:
- Food & Beverage
- Water & Wastewater
- Oil & Gas