Global Pneumatic Equipment Market Overview:
Pneumatics equipment is the technology that uses a gas, usually compressed air which passes through the pipe as a way of transmitting the force or energy needed to move and operate mechanisms. The process involves increasing air pressure through the collected energy in the elements of pneumatic circuits. In the coming years, there is an increasing demand for air guns is expected to drive the market for more advanced air guns. Increasing demand for pneumatic technologies in emerging economies is boosting the global market.
Growth Drivers
- Increasing Need for Pneumatic Equipments in Automotive and Manufacturing Industries
- Demand for the Safe, Easy to Use, Cost-Effective Compressor for Industrial Application
Roadblocks
- Increasing Intense Competition Due to the Availability of Substitute Market
- Stringent Regulatory Guidelines Might be the Hindrance
Opportunities
- Improvement and Advancement in Technology of Pneumatic Equipments
- Increasing Demand for the Pneumatic Equipments from the Emerging Economies
Challenges
- Risk of Crack or any Damage Due to Pressure Generated Inside the Equipment
Competitive Landscape:
Some of the key players profiled in the report are Clayton Controls Inc. (Koganei) (United States), ProWest Pneumatics and Supply LLC (United States), SMC Corporation (Japan), Festo (Germany), Bosch Rexroth AG (Germany), Silvent AB (Sweden), Hazet (Germany), Coilhose Pneumatics (United States), Aventics (Emerson Electric Co.) (Germany) and Pneumission Pneumatic Inc. (China). Considering Market by Components, the sub-segment i.e. Pneumatic Actuators will boost the Pneumatic Equipment market. Considering Market by End User, the sub-segment i.e. Manufacturing Industry will boost the Pneumatic Equipment market.
"The statutory guidelines for the design and operation of machines mandate a risk assessment to identify potential hazards, minimize risks and comply with applicable health and safety requirements to protect both people and machines. The main regulatory standard that affects pneumatics technology in packaging systems is ISO 13849, which provides safety requirements and guidance on the principles for the design and integration of safety-related parts of control systems. ISO 13849 requires machine manufacturers to apply the recognized rules of good engineering practice and proven safety principles and recommends validation procedures,”
What Can be Explored with the Pneumatic Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Pneumatic Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Pneumatic Equipment
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pneumatic Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pneumatic Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Pneumatic Equipment Manufacturers, Pneumatic Equipment International Traders, Pneumatic Equipment Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.