According to a new research report published by Transparency Market Research , the global pneumatic cylinder market is projected to reach a value of nearly US$ 1,500 Mn by 2027, expanding at a CAGR of 4.4% from 2019 to 2027. The global market is expected to be influenced by a range of market-specific and macroeconomic factors during the forecast period. Demand for pneumatic cylinders is likely to be significant in Asia Pacific from 2019 to 2027. The market in the region is anticipated to expand at a CAGR of 5.0% during the forecast period.
Rising adoption of industrial automation to drive the global pneumatic cylinder market
- The adoption of industrial automation has increased in recent years, owing to its advantages such as increased productivity, reduced direct human labor costs, delivery of high-quality products, and risen consistency of processes or products.
- Furthermore, deployment of pneumatic cylinders for various industrial automation applications is expected to increase in the near future, due to their low weight and compact size. Moreover, low-cost availability, minimum maintenance, and ability of pneumatic cylinders to work at extreme temperatures make them a popular choice for use in industrial automation applications.
- Pneumatic cylinders with sensors can collect information such as cylinder pressure, temperature, cycle speed, cycle counts, and travel, which is useful for real-time applications in control and monitoring of systems. Furthermore, this is anticipated to improve operations and increase productivity. Moreover, with the use of pneumatic predictive maintenance in automation, unplanned downtime can be reduced; plant availability can be increased; plant safety and equipment lifespan can be enhanced; and the number of accidents can be decreased. These advantages of pneumatic cylinders are, in turn, expected to augment the market during the forecast period.