Europe 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)
Market Introduction
European countries are concentrated with prominent industries—such as food & beverages, automobiles, aerospace, pharmaceuticals, and semiconductors—that demand for miniature pneumatics as they provide benefit of low cost, greater flexibility, and safe alternative to hydraulic actuators and electric motors. As manufacturers in various sectors, such as automobile, medical devices, and semiconductor, are using miniature pneumatic, the growth the market is projected to rise in Europe. The demand for miniature pneumatic is increasing due to high inclination toward using specialized components with minimal failure rates in food processing, analytical instrumentation, biomedical, and packaging sectors. According to the World Bank Organization, Germany, France, Austria, the UK, and the Netherlands are among a few countries, which have strong manufacturing setup. In addition, as per the Manufacturing Output Scoreboard, Germany, Italy, France, and the UK are included under top nations. Therefore, growing European manufacturing industry will help in boosting the market growth. Also, use of miniature pneumatic is increasing high momentum in biomedical, automotive, transportation, conveyor systems, packaging and food processing that would also stimulate the market growth during the forecast period. Also, miniature pneumatics offering various benefits is expected to create a significant demand for miniature pneumatics in the coming years, which is further anticipated to drive the Europe miniature pneumatics market.
Europe is adversely affected by the COVID-19 pandemic. In Europe, the UK is the hardest-hit country by the outbreak. Europe is expected to suffer an economic hit due to a lack of revenue from various industries, as countries such as the UK, Germany, and Italy recorded the highest number of COVID-19 cases. Additionally, the miniature pneumatics market is expected to get hampered with the outbreak of another variant of COVID-19 in the UK. The region is a significant manufacturing and industrial hub for various sectors such as aviation, manufacturing, automotive, energy and power, and others. However, due to the pandemic, many businesses in Europe are facing financial challenges as they had to reduce their activities substantially owing to government-imposed restrictions, lack of workforce, and decreasing sales. For example, in March 2020, BMW planned to close its factories in Europe and South Africa owing to declining sales. With reducing manufacturing businesses, mining activities, and production businesses during the first few months of 2020, the use of miniature pneumatics has also witnessed a decline.
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Market Overview and Dynamics
The miniature pneumatics market in Europe is expected to grow from US$ 523.80 million in 2019 to US$ 728.32 million by 2027; it is estimated to grow at a CAGR of 4.2% from 2020 to 2027. Animatronics is the process of manufacturing and operating lifelike robots that are used for entertainment or films; whereas, robotics is the process of designing, constructing, and operating robots. Miniature pneumatics offer numerous benefits such as smooth movement of robots, enhanced safety, greater precision, and customized designs. The growing adoption of robots and animatronics among various industries such as automobile, entertainment, manufacturing, agriculture, and aerospace and defense is expected to drive the growth of miniature pneumatics market. Further, increasing product launches by prominent miniature pneumatic component providers is also expected to drive the growth of the market. For example, in 2019, SMC Pneumatics (UK) Ltd launched integrated wireless valve manifold system – EX600W. The system provides wireless communication by eliminating the need for network cabling.
Key Market Segments
In terms of type, valves segment accounted for the largest share of the Europe miniature pneumatics market in 2019. Further, the semiconductor segment held a substantial share of the Europe miniature pneumatics market based on application in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the miniature pneumatics market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Clippard Instrument Laboratory, Inc.; Emerson Electric Co.; Kendrion N.V.; Norgren; PARKER HANNIFIN CORP; ROSS CONTROLS.
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Europe Miniature Pneumatics Market Segmentation
Europe Miniature Pneumatics Market - By Type
- Valves
- Cylinder
- Manifolds and Tubing
- Specialized Components
- Others
Europe Miniature Pneumatics Market - By Application
- Semiconductor
- HVAC Systems
- Aerospace
- Medical Instrument, Test/Analytics Equipment
- Automotive
- Others
Europe Miniature Pneumatics Market - By Country
- UK
- Germany
- France
- Italy
- Russia
- Rest of Europe
Europe Miniature Pneumatics Market - Company Profiles
- Clippard Instrument Laboratory, Inc.
- Emerson Electric Co.
- Kendrion N.V.
- Norgren
- PARKER HANNIFIN CORP
- ROSS CONTROLS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Miniature Pneumatics Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Miniature Pneumatics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Miniature Pneumatics Offering Various Benefits
5.1.2 End Use Industries Raising Demand
5.2 Market Restraints
5.2.1 Precautionary and Maintenance Cost
5.3 Market Opportunities
5.3.1 Healthcare Industry Increasing Adoption of Miniature Pneumatics
5.4 Future Trends
5.4.1 Animatronics and Robotics Expecting Growth
5.5 Impact Analysis of Drivers and Restraints
6. Miniature Pneumatics Market – Europe Analysis
6.1 Europe Miniature Pneumatics Market Overview
6.2 Europe Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning –Key Players
7. Europe Miniature Pneumatics Market Analysis – By Type
7.1 Overview
7.2 Europe Miniature Pneumatics Market Breakdown, By Type, 2019 & 2027 (%)
7.3 Valves
7.3.1 Overview
7.3.2 Valves Market Forecast and Analysis
7.4 Cylinder
7.4.1 Overview
7.4.2 Cylinder Market Forecast and Analysis
7.5 Manifolds and Tubing
7.5.1 Overview
7.5.2 Manifolds and Tubing Market Forecast and Analysis
7.6 Specialized Components
7.6.1 Overview
7.6.2 Specialized Components Market Forecast and Analysis
7.7 Others
7.7.1 Overview
7.7.2 Other Market Forecast and Analysis
8. Europe Miniature Pneumatics Market Analysis – By Application
8.1 Overview
8.2 Europe Miniature Pneumatics Market Breakdown, By Application, 2019 & 2027 (%)
8.3 Semiconductor
8.3.1 Overview
8.3.2 Semiconductor Market Forecast and Analysis
8.4 HVAC System
8.4.1 Overview
8.4.2 HVAC System Market Forecast and Analysis
8.5 Aerospace
8.5.1 Overview
8.5.2 Aerospace Market Forecast and Analysis
8.6 Medical Instruments
8.6.1 Overview
8.6.2 Medical Instruments Market Forecast and Analysis
8.7 Testing/Analytics Equipment
8.7.1 Overview
8.7.2 Testing/Analytics Equipment Market Forecast and Analysis
8.8 Automotive
8.8.1 Overview
8.8.2 Automotive Market Forecast and Analysis
8.9 Others
8.9.1 Overview
8.9.2 Others Market Forecast and Analysis
9. Europe Miniature Pneumatics Market – Country Analysis
9.1 Overview
9.1.1 Europe: Miniature Pneumatics Market, By Country
9.1.1.1 Germany: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Germany: Miniature Pneumatics Market, by Type
9.1.1.1.2 Germany: Miniature Pneumatics Market, by Application
9.1.1.2 France: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 France: Miniature Pneumatics Market, by Type
9.1.1.2.2 France: Miniature Pneumatics Market, by Application
9.1.1.3 Italy: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Italy: Miniature Pneumatics Market, by Type
9.1.1.3.2 Italy: Miniature Pneumatics Market, by Application
9.1.1.4 UK: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 UK: Miniature Pneumatics Market, by Type
9.1.1.4.2 UK Miniature Pneumatics Market, by Application
9.1.1.5 Russia: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 Russia: Miniature Pneumatics Market, by Type
9.1.1.5.2 Russia Miniature Pneumatics Market, by Application
9.1.1.6 Rest of Europe: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of Europe: Miniature Pneumatics Market, by Type
9.1.1.6.2 Rest of Europe Miniature Pneumatics Market, by Application
10. Europe Miniature Pneumatics Market- COVID-19 Impact Analysis
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Emerson Electric Co. (ASCO)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Clippard Instrument Laboratory, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kendrion N.V.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Norgren Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Parker Hannifin Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Ross Controls
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Germany Miniature Pneumatics Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany Miniature Pneumatics Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. France Miniature Pneumatics Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. France Miniature Pneumatics Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. Italy Miniature Pneumatics Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Italy Miniature Pneumatics Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. UK Miniature Pneumatics Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. UK Miniature Pneumatics Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 10. Russia Miniature Pneumatics Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Russia Miniature Pneumatics Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of Europe Miniature Pneumatics Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Europe Miniature Pneumatics Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Miniature Pneumatics Market Segmentation
Figure 2. Europe Miniature Pneumatics Market Segmentation – By Country
Figure 3. Europe Miniature Pneumatics Market Overview
Figure 4. Valves Segment held the Largest Share of Europe Miniature Pneumatics Market
Figure 5. Semiconductor held the Largest Share of Europe Miniature Pneumatics Market
Figure 6. UK Held the Largest Market Share Miniature Pneumatics Market
Figure 7. Europe – PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Miniature Pneumatics Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Europe Miniature Pneumatics Market Breakdown, Type, 2019 & 2027 (%)
Figure 12. Europe Valves Market Revenue and Forecast to 2027 (US$ Mn)
Figure 13. Europe Cylinder Market Revenue and Forecast to 2027 (US$ Mn)
Figure 14. Europe Manifolds and Tubing Market Revenue and Forecast to 2027 (US$ Mn)
Figure 15. Europe Specialized Components Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Europe Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Europe Miniature Pneumatics Market Breakdown, Application, 2019 & 2027 (%)
Figure 18. Europe Semiconductor Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Europe HVAC System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Europe Aerospace Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Europe Medical Instruments Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Europe Testing/Analytics Equipment Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Europe Automotive Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Europe Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Europe: Miniature Pneumatics Market Revenue Share, By Country (2019 and 2027)
Figure 26. Germany: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. France: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Italy: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. UK: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Russia: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Rest of Europe: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
- Clippard Instrument Laboratory, Inc.
- Emerson Electric Co.
- Kendrion N.V.
- Norgren
- PARKER HANNIFIN CORP
- ROSS CONTROLS
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