The EMEA market for pneumatic components
06 February 2009
A report from IMS Research “The EMEA Market for Pneumatic Components” shows that in 2008, growth slowed slightly from that of previous years. However, it states that there are still reasons for suppliers to be optimistic about the future.
In 2005, the EMEA market for pneumatic components was worth almost €2.2 billion. However, between 2007 and 2008 the market grew just over 3.5% to around €2.5 billion, compared with a year-on-year increase of over 4% in the previous two years.
The use of electrical components as substitutes is one trend slowly affecting the market for pneumatic components in Europe. Electromechanical solutions can be more versatile and flexible than pneumatic ones, and are better suited to some applications. Another factor damping market growth is the steadying of average selling prices. Suppliers are cutting the prices of components such as standard directional control valves and standard cylinders, under pressure from suppliers of electromechanical components or other low cost substitutes.
“However, some areas will continue to drive market growth” according to Daniel Welch, the report’s author. “There is ever increasing demand for components that can be used in industrial networks, including valve islands with fieldbus and multi-pole connectivity. Also, components that can be designed and configured to meet the specific needs of the end user will be purchased in increasing volumes over the next few years.”
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