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Miniature Pneumatics Market expected to grow at a CAGR of 4.9% from 2020 to 2027

According to our latest market study on “Miniature Pneumatics Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type (Valves, Cylinder, Manifolds and Tubing, Specialized Components, and Others) and Application (Semiconductor, HVAC Systems, Aerospace, Medical Instrument, Test/Analytics Equipment, Automotive, and Others),” the market was valued at US$ 1,856.0 million in 2019 and is projected to reach US$ 2,725.7 million by 2027; it is expected to grow at a CAGR of 4.9% from 2020 to 2027. The report highlights key factors driving the market growth, and prominent players with their developments in the market.

The performance of pneumatic control systems is based on the equipment and machine’s size. Similarly, the pneumadyne manufacturers are designing the miniature pneumatic components that are used to deliver outstanding performance in small packages. The miniature pneumatic valves, solenoids, fittings, and manifolds are designed to be used for light- to medium-duty applications and control the equipment’s operation varies from medical and dental equipment to laboratory instrumentation. The miniature pneumatics are compact and lightweight, as well as they are manufactured with high-quality standards. The growing adoption of miniature pneumatics is creating a demand for efficient products and solutions, which is bolstering the growth of the miniature pneumatics market. ASCO, Beswick Engineering, Clippard, Industrial Specialties MFG, Kendrion, and Norgren Limited are among the key market players that were profiled during this market study.

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 Impact of COVID–19 Pandemic on Miniature Pneumatics Market

The emergence and rapid spread of novel coronavirus has paralyzed numerous countries. The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human’s movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic is adversely affecting economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. Manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries are witnessing a decline in their operations due to the temporary shutdown of activities. The miniature pneumatics market players are also experiencing a slowdown in the volumes because the manufacturing facilities are operating with a limited workforce, which is hindering the market. Additionally, temporary closure of various factories has resulted in reduced procurement of systems among industries during the first quarter of 2020. The COVID-19 outbreak might have its impact in the first six months of 2021 as well.

The global miniature pneumatics market has been segmented as follows:

Miniature Pneumatics Market – by Types

  1. Valves
  2. Cylinder
  3. Manifolds and Tubing
  4. Specialized Components
  5. Others

Miniature Pneumatics Market – by Application

  1. Semiconductor
  2. HVAC Systems
  3. Aerospace
  4. Medical Instrument
  5. Test/Analytics Equipment
  6. Automotive
  7. Others

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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