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)
Market Introduction
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.
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Market Overview and Dynamics
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.
Key Market Segments
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.
Major Sources and Companies Listed
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.
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North America Miniature Pneumatics Market Segmentation
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
North America Miniature Pneumatics Market - Company Profiles
- Beswick Engineering
- Clippard Instrument Laboratory, Inc.
- Emerson Electric Co.
- Industrial Specialties Mfg.
- Kendrion N.V.
- McMaster-Carr
- Norgren
- PARKER HANNIFIN CORP
- Pneumadyne
- 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. North America Miniature Pneumatics Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Miniature Pneumatics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Various Offers Provided by Miniature Pneumatics
5.1.2 Industries Rising Need from End Use Markets
5.2 Market Restraints
5.2.1 Maintenance Cost and Safety
5.3 Market Opportunities
5.3.1 Growing Acceptance of Miniature Pneumatics in Healthcare
5.4 Future Trends
5.4.1 Boost in Animatronics and Robotics
5.5 Impact Analysis of Drivers and Restraints
6. Miniature Pneumatics Market – North America Analysis
6.1 North America Miniature Pneumatics Market Overview
6.2 North America Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning –Key Players
7. North America Miniature Pneumatics Market Analysis – By Type
7.1 Overview
7.2 North America 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. North America Miniature Pneumatics Market Analysis – By Application
8.1 Overview
8.2 North America 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. North America Miniature Pneumatics Market – Country Analysis
9.1 Overview
9.1.1 North America: Miniature Pneumatics Market, by Key Country
9.1.1.1 US: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 US: Miniature Pneumatics Market, by Type
9.1.1.1.2 US: Miniature Pneumatics Market, by Application
9.1.1.2 Canada: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: Miniature Pneumatics Market, by Type
9.1.1.2.2 Canada: Miniature Pneumatics Market, by Application
9.1.1.3 Mexico: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: Miniature Pneumatics Market, by Type
9.1.1.3.2 Mexico: Miniature Pneumatics Market, by Application
10. North America Miniature Pneumatics Market- COVID-19 Impact Analysis
10.1 North America: 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 Beswick Engineering Co., 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 Clippard Instrument Laboratory, Inc.
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 Industrial Specialties Mfg. (ISM)
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 Kendrion N.V.
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 Norgren Limited
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
12.7 Mcmaster-Carr
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Parker Hannifin Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Pneumadyne
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Ross Controls
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. US: Miniature Pneumatics Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Miniature Pneumatics Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada: Miniature Pneumatics Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada: Miniature Pneumatics Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. Mexico: Miniature Pneumatics Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico: Miniature Pneumatics Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Miniature Pneumatics Market Segmentation
Figure 2. North America Miniature Pneumatics Market Segmentation – By Country
Figure 3. North America Miniature Pneumatics Market Overview
Figure 4. Valves Segment held the Largest Share of North America Miniature Pneumatics Market
Figure 5. Semiconductor held the Largest Share of North America Miniature Pneumatics Market
Figure 6. US Held the Largest Market Share North America Miniature Pneumatics Market
Figure 7. North America – PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Miniature Pneumatics Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Miniature Pneumatics Market Breakdown, Type, 2019 & 2027 (%)
Figure 12. North America Valves Market Revenue and Forecast to 2027 (US$ Mn)
Figure 13. North America Cylinder Market Revenue and Forecast to 2027 (US$ Mn)
Figure 14. North America Manifolds and Tubing Market Revenue and Forecast to 2027 (US$ Mn)
Figure 15. North America Specialized Components Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. North America Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 17. North America Miniature Pneumatics Market Breakdown, Application, 2019 & 2027 (%)
Figure 18. North America Semiconductor Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. North America HVAC System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. North America Aerospace Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. North America Medical Instruments Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. North America Testing/Analytics Equipment Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. North America Automotive Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. North America Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. North America: Miniature Pneumatics Market Revenue Share, by Key Country (2019 and 2027)
Figure 26. US: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Canada: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Mexico: Miniature Pneumatics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in North American Country Markets
- Beswick Engineering
- Clippard Instrument Laboratory, Inc.
- Emerson Electric Co.
- Industrial Specialties Mfg.
- Kendrion N.V.
- McMaster-Carr
- Norgren
- PARKER HANNIFIN CORP
- Pneumadyne
- ROSS CONTROLS
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