Report : North America Miniature Pneumatics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Valves, Cylinder, Manifolds and Tubing, Specialized Components, and Others) and Application (Semiconductor, HVAC Systems, Aerospace, Medical Instrument, Test/Analytics Equipment, Automotive, and Others)
Valves Segment to Dominate North America Miniature Pneumatics Market during 2019–2027
According to a new market research study on “North America Miniature Pneumatics Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 1,169.34 million by 2027 from US$ 832.99 million in 2019. The market is estimated to grow at a CAGR of 4.4% from 2020 to 2027. The report provides trends prevailing in the North America miniature pneumatics market along with the drivers and restraints pertaining to the market growth. Industries rising need from end use markets is the major factor driving the growth of the North America miniature pneumatics market. However, issues associated with maintenance cost and safety hinders the growth of North America miniature pneumatics market.
The North America miniature pneumatics market is segmented based on type and application. Based on type, the miniature pneumatics market is segmented into valves, cylinder, manifolds and tubing, specialized components, and others. Valves segment held the largest market share of North America miniature pneumatics market in 2019. Based on application, the North America miniature pneumatics market is segmented into semiconductor, HVAC systems, aerospace, medical instrument, test/analytics equipment, automotive, and others. Semiconductor segment held the largest market share of North America miniature pneumatics market in 2019.
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.
Beswick Engineering; Clippard Instrument Laboratory, Inc.; Emerson Electric Co.; Industrial Specialties Mfg.; Kendrion N.V.; McMaster-Carr; Norgren; PARKER HANNIFIN CORP; Pneumadyne; ROSS CONTROLS are among the leading companies in the North America miniature pneumatics market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Industrial Specialties Mfg. (ISM) had launched CVIS series of modular check valves. The check valves use interchangeable components to be used in connection type, cracking pressure, and seal material.
The report segments the North America Miniature Pneumatics Market follows:
North America Miniature Pneumatics Market – By Type
- Valves
- Cylinder
- Manifolds and Tubing
- Specialized Components
- Others
North America Miniature Pneumatics Market – By Application
- Semiconductor
- HVAC Systems
- Aerospace
- Medical Instrument, Test/Analytics Equipment
- Automotive
- Others
North America Miniature pneumatics Market – By Country
- US
- Canada
- Mexico