Smart Pneumatics Market Growth by Increased Awareness about Benefits to Drive Market
Market Research Future (MRFR) studies that the Asia Pacific to Dominate Smart Pneumatics Market due to Growing Industrialization, Expected to reach at USD 4.76 billion by 2023, and a healthy 7.5% CAGR over the review period
The global smart pneumatics market is expected to exhibit a strong 7.5% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global smart pneumatics market was valued at USD 3.14 billion in 2017 and is expected to reach a valuation of USD 4.76 billion by 2023. The global smart pneumatics market is studied in great detail in the report, which includes a detailed analysis of the market’s historical growth trajectory and present condition. Major trends operating in the global smart pneumatics market are examined in the report.
Smart pneumatics comprise of advanced pneumatic equipment that are capable of generating real-time data while the device is operating. This real-time data generation has helped engineers and device operators to know how each equipment operates under different conditions. Smart pneumatics is rapidly replacing conventional pneumatic devices due to this feature of simultaneous data recording and maintenance. The data generation features also leads to more accurate monitoring of the faults in the machine in real time. This has helped operators/engineers to locate the issues with exact precision and save time and cost of maintenance.
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Leading players in the global smart pneumatics market include Ningbo Smart Pneumatic Co. Ltd., Cypress EnviroSystems Corp., Aventics GmbH, Thomson Industries Inc., Rotex Automation Ltd., Rotork plc, Bimba Manufacturing Co., Parker Hannifin Corporation, Festo Corporation, and Emerson Electric Co.
The global smart pneumatics market is segmented on the basis of type,...
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