Smart Pneumatics Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is poised to hold largest revenue share by 2035, rising industrial activities, and hike in vehicle ownerships in the region. India, China, Japan, and South Korea are lucrative marketplaces for smart pneumatic system manufacturers. Industries such as food & beverages, chemical, automotive, and agriculture are widely deploying advanced technologies including smart pneumatics to boost their operational efficiency.
Sales of smart pneumatics in China are forecasted to evolve at a CAGR of 3.3% through 2035. China is one of the largest consumers of crude oil across the world owing to the presence of numerous manufacturing plants. For instance, the crude oil production in China reached 4.2 million barrels per day, in 2023. The oil and gas industry operates in hazardous environments where safety is paramount, smart pneumatics aids in monitoring and controlling safety to ensure operational safety in such fields.
In India, supportive government policies are expected to aid various industries in expanding their operational activities. SAMARTH Udyog Bharat 4.0 initiative by the Government of India is set to enhance competitiveness in the capital goods sector. The rising industrial activities in the country are anticipated to directly push the sales of smart pneumatics.
North America Market Insights
North America smart pneumatics market is estimated to offer high-growth opportunities for smart pneumatic manufacturers in the coming years owing to the growing adoption of modern technologies by several businesses. Grants and subsidies offered by respective governments in the region for technological upgrades are encouraging end use companies to invest in advanced pneumatic systems.
The U.S. market is forecasted to expand at a CAGR of 1.5% through 2035. Technological advancements in sensor technology, data analytics, and control systems are driving the demand for smart pneumatics in the country. The expanding automotive sector in Canada is expected to fuel the sales of smart pneumatics in the coming years.
