North America Miniature Pneumatics Market
The miniature pneumatics consist of a variety of pneumatic components that are miniaturized to be used for both light- and medium-duty applications and low-medium pressure ranges. In these systems, the weight and size are significant constraints and, thus, the need for high precision. The magnetically latched solenoid valve is apt for decreasing the power consumption across various applications where higher and conventional power valves are precisely used. The magnetically design solenoids are suitable for battery-powered and compact pneumatic instruments such as environmental gas samplers, portable oxygen delivery systems, and other OEM flow switching devices. The advantages of miniature pneumatic are low friction, excellent power-to-weight ratio, and easy availability, which is expected to boost the market growth during the forecast period. Also, Industries rising need from end use markets is expected to create a significant demand for miniature pneumatics in the coming years, which is further anticipated to drive the North America miniature pneumatics market.
North America is adversely affected by the COVID-19 pandemic. The US is the most affected country in North America, the outbreak. The continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders during Q2. The majority of the manufacturing facilities are either temporarily shut or are operating with minimum staff; therefore, the supply chain of components and parts is disrupted. These are a few of the critical issues faced by the North American manufacturers. Since the US has a larger number of miniature pneumatics players, component manufacturers, and industries, the outbreak has hindered each production and revenue generation. The lower number of manufacturing staff has resulted in lesser production quantity. On the other hand, the limited availability of raw materials and halt on aerospace activities have also negatively impacted the miniature pneumatics market in the US. However, prominent miniature pneumatic companies—such as Clippard—that supply critical miniature pneumatic components to healthcare industry are increasing their workforce to meet the growing demand from healthcare industry. Such strategies are expected to offer lucrative opportunities to the market in the coming years.
Strategic insights for the North America Miniature Pneumatics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 832.99 Million |
| Market Size by 2027 | US$ 1,169.34 Million |
| Global CAGR (2020 - 2027) | 4.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Miniature Pneumatics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The miniature pneumatics market in North America is expected to grow from US$ 832.99 million in 2019 to US$ 1,169.34 million by 2027; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027. Miniature pneumatics offers numerous benefits, such as efficiency and customization to the healthcare industry. Moreover, due to the ongoing COVID-19 pandemic, the demand for medical instruments such as ventilators, diagnostic equipment, and other critical care devices has increased. Therefore, prominent miniature pneumatics companies such as Clippard are increasing their workforce owing to the increasing demand for critical components and subassemblies by the healthcare industry. Additionally, increasing product launches by companies such Festo for the healthcare industry is also expected to provide growth opportunities for the market. For example, in January 2021, Festo launched a new VOVK valve for single valve duty or high-density small-footprint manifolds. The product is suitable for various applications, such as in-vitro diagnostics (IVD); and small point of care devices, such as portable oxygen regulators as they offer wide pressure range and low power consumption. Therefore, notable benefits offered by miniature pneumatics to the healthcare industry and increasing product launches by prominent companies are expected to provide growth opportunities to the market.
In terms of type, valves segment accounted for the largest share of the North America miniature pneumatics market in 2019. Further, the semiconductor segment held a substantial share of the North America miniature pneumatics market based on application in 2019.
A few major primary and secondary sources referred to for preparing this report on the miniature pneumatics market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Beswick Engineering; Clippard Instrument Laboratory, Inc.; Emerson Electric Co.; Industrial Specialties Mfg.; Kendrion N.V.; McMaster-Carr; Norgren; PARKER HANNIFIN CORP; Pneumadyne; ROSS CONTROLS.
The North America Miniature Pneumatics Market is valued at US$ 832.99 Million in 2019, it is projected to reach US$ 1,169.34 Million by 2027.
As per our report North America Miniature Pneumatics Market, the market size is valued at US$ 832.99 Million in 2019, projecting it to reach US$ 1,169.34 Million by 2027. This translates to a CAGR of approximately 4.4% during the forecast period.
The North America Miniature Pneumatics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Miniature Pneumatics Market report:
The North America Miniature Pneumatics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Miniature Pneumatics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Miniature Pneumatics Market value chain can benefit from the information contained in a comprehensive market report.
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