$3.6 Billion Worldwide Smart Pneumatics Industry to 2027 – Impact of COVID-19 on the Market – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Smart Pneumatics – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Smart Pneumatics estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at a CAGR of 5.3% over the period 2020-2027.
Hardware, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$3.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software & Services segment is readjusted to a revised 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 4.9% CAGR
The Smart Pneumatics market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$923.4 Million by the year 2027, trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Select Competitors (Total 35 Featured):
- Advanced Pneumatics Company, Inc.
- Basso Industry Corp.
- Bimba Manufacturing Company
- Bosch Rexroth AG
- Eaton
- Emerson Electric Co.
- Festo AG & Co. KG
- Ingersoll-Rand plc
- Metso Corporation
- Parker-Hannifin Corporation
- Rotork plc
- Thomson Industries, Inc.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 35
For more information about this report visit https://www.researchandmarkets.com/r/nws556
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