Smart Pneumatics Market Analysis
The global smart pneumatics market is predicted to touch USD 4.76 billion at a 7.5% CAGR during the forecast period (2020- 2027), states the latest Market Research Future (MRFR) report.
Smart Pneumatics Market Drivers
Growing Awareness about Predictive Maintenance to Boost Market Growth
The growing awareness towards predictive maintenance is boosting market growth due to the emergence of industry 4.0 and also sophisticated smarter technologies. Preventive maintenance is performed to avoid downtimes in critical applications. Thus, the transition from preventive to predictive maintenance contributes significantly to the growth of the market.
Smart Pneumatics Market Opportunities
Penetration of Digitalization and IIoT to offer Positive Market Opportunities
The penetration of digitalization and IIoT are likely to offer positive market opportunities during the forecast period. The integration of IIoT allows companies in connecting sensors used to monitor parameters like noise, temperature, and vibration to the internet and also monitor their pneumatic systems in real time. IIoT offers a single platform where companies will integrate all the data and process it as needed.
Read more@ https://www.marketresearchfuture.com/reports/smart-pneumatics-market-7589
Smart Pneumatics Market Restraints
Lack of Common Platform to act as Market Restraint
The lack of common platform for Ethernet, Profibus, and ZigBee may act as a market restraint over the forecast period as these devices can be integrated easily into wireless systems across the IoT industry through these gateways.
