Growing Adoption of Energy-Efficient Automation Driving Growth in the Global Pneumatic Cylinder Market
Pneumatic cylinders are mechanical devices that use compressed air or gas as a power source to generate a force in a reciprocating motion. These cylinders provide clean, precise linear motion in industrial automation applications. Their advantages include simple design, ease of use, lack of susceptibility to dust or debris contamination, inherent cushioning effect for delicate payloads, and ability to operate in hazardous environments where electricity poses a risk. Pneumatic cylinders are commonly used in automation systems for diverse industrial processes such as packaging, woodworking, heavy lifting, and more. The need for efficient automation across industries to enhance productivity and reduce costs has been a major factor driving increasing adoption of pneumatic cylinders.
The global Pneumatic Cylinder Market is estimated to be valued at US$ 1361.34 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Energy efficiency has become a key priority across industries in light of mounting environmental concerns and rising energy costs. Thus, pneumatic cylinder manufacturers are increasingly focusing on developing more efficient products to capture this growing market demand. For instance, SMC Corporation developed an energy saving type of cylinder that reduces air consumption by up to 30% compared to conventional models through optimization of internal mechanisms. Such innovative cylinder designs optimized for maximum energy efficiency are expected to witness strong demand over the forecast period and significantly impact the pneumatic cylinder market growth. Additionally, growing adoption of Industry 4.0 technologies and concepts of smart manufacturing are also expected to spur opportunities for pneumatic cylinders integrated with IoT and remote monitoring capabilities.
Segment Analysis
The global pneumatic cylinder market is dominated by single-acting cylinders, accounting for over 60% share in 2023. Single-acting cylinders require less power and are simpler in design compared to double-acting cylinders. They are commonly used in applications involving light loads and where reversing action is not required. Another major segment is double-acting cylinders, which hold around 30% share. While more complex, double-acting cylinders enable pushing and pulling action during both strokes through the use of two ports and two air chambers.
Key Takeaways
The Global Pneumatic Cylinder Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global Pneumatic Cylinder Market is estimated to be valued at US$ 1361.34 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030.
Regional analysis
Asia Pacific held the largest share of over 35% in the global market in 2023 and is expected to maintain its dominance through 2030. Rapid industrialization and infrastructure development activities across China, India, Indonesia, and other developing countries in the region are driving the demand for pneumatic cylinders. Low manufacturing costs have also made Asia Pacific an attractive production base for pneumatic cylinder producers.
Key players
The global pneumatic cylinder market is consolidated in nature with a few large players accounting for a major share. Eli Lilly and Company, Sanofi S.A., Cadila Healthcare Limited, Cipla Limited dominate the market with their widespread geographic presence and wide product portfolio for pneumatic cylinders catering to diverse applications across industries. Regeneron Pharmaceuticals, Inc., Merck & Co., Inc., Vidac Pharma, LEO Pharma A/S, Regeneron Pharmaceuticals, Inc., Merck Sharp & Dohme, and Amgen Inc. are some other prominent players in the market.
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