In order to process work seamlessly and effectively, the global smart pneumatics market is likely to experience massive growth in the coming years as its assistances in collecting data and information in order to make work process convenient. Increasing use of smart pneumatics in several industries including software and service and automotive is driving overall growth of this market in the coming years.
The utility of pneumatics market is high in automotive sector and this is one of the major drive propagating overall growth of this market in the coming year. The smart pneumatics finds application in service and component at very high rate and this is further fueling overall growth of this market in the coming years. In addition, automotive manufacturers are implementing IoT systems with a major aim to increase energy efficiency and monitor asset conditions. These are some of the factor propelling overall growth of this market in the coming years. This further creates potential growth opportunities in the automotive sector.
Stringent Government Norms for Safety and Regulation to Drive Market Growth
The smart pneumatics also finds application services and software component and this is further influencing growth of this market, globally. Furthermore, strict government regulation for personal safety and regulation for workplace and increasing focus on optimum asset utilization and tight control in the automotive, semiconductor, chemicals and food and beverages are promoting overall growth of this market in the coming years.
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Asia Pacific Dominates Global Smart Pneumatics Market Owing to Increasing Adoption
On the basis of geography, Asia Pacific market is likely to dominate global smart pneumatic market owing to increasing adoption of smart manufacturing and industry 4.0 in several industries which has created huge growth opportunities in the coming year. However, other regions such as North America is likely to create potential growth opportunities in the coming years and this is further influencing growth of this market in the coming years.
The key players operating in the global smart pneumatics market are majorly focused towards mergers and acquisitions in order to stimulate growth of this market in the coming years. The key vendors are more inclined towards product portfolio in order to strengthen their presence across the globe. Some of these are Thomson Industries, Inc., Emerson Electric Co., and Metso Corporation.