Mar 19, 2021   SOURCE: BusinessWire

Worldwide Miniature Pneumatics Industry to 2027 - Increasing Adoption of Miniature Pneumatics in Healthcare Presents Opportunities - ResearchAndMarkets.com

The "Miniature Pneumatics Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type and Application" report has been added to ResearchAndMarkets.com's offering.

According to this report 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.

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.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global miniature pneumatics market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global miniature pneumatics market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Market Dynamics

Drivers

  • Several Benefits Offered by Miniature Pneumatics
  • Growing Demand from End Use Industries

Restraints

  • Safety and Maintenance Cost

Opportunities

  • Increasing Adoption of Miniature Pneumatics in Healthcare

Future Trends

  • Surge in Animatronics and Robotics

For more information about this report visit https://www.researchandmarkets.com/r/259spr