How Is The Global Pneumatic Conveying Systems Market Defined?
A pneumatic conveying system refers to a method of transferring bulk materials, such as powders and granules, through an enclosed conveying pipeline using pressure differential and gas or airflow. These systems utilize compressed air or gas to move materials from one processing area to another, making them ideal for fine, dry powders that can be easily transported through the conveying line.
Pneumatic Conveying Systems Global Market Report 2024 provides data on the global pneumatic conveying systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Pneumatic Conveying Systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Pneumatic Conveying Systems Market Size And Annual Growth Rates?
The pneumatic conveying systems market has shown robust growth, expanding from $30.56 billion in 2023 to $32.48 billion in 2024, achieving a compound annual growth rate (CAGR) of 6.3%. This growth in the historic period is attributed to heightened emphasis on workplace safety driving adoption of efficient material handling solutions, advancements in sensing and monitoring technologies enhancing operational visibility, integration of Industry 4.0 principles optimizing manufacturing processes, increased production of biopharmaceuticals and vaccines in emerging economies, and expansion of food processing facilities necessitating efficient bulk material handling systems. Looking forward, the market is expected to continue its strong growth trajectory, projected to reach $42.01 billion by 2028 with a CAGR of 6.6%. Future growth drivers include rising automation trends in industrial sectors promoting demand for pneumatic conveying systems, global industrialization initiatives boosting infrastructural developments, expansion of recycling and waste management industries requiring efficient material transport solutions, escalating demand for energy-efficient conveying systems reducing operational costs, and growing concerns regarding consumer health and safety driving adoption of hygienic conveying solutions. Major trends anticipated in the forecast period encompass continuous product innovation enhancing system reliability and efficiency, technological advancements in conveying system design optimizing performance metrics, utilization of advanced product development software facilitating rapid prototyping and customization, strategic partnerships enhancing market competitiveness, and innovations in manufacturing processes ensuring sustainable and scalable production capabilities.
Which Key Drivers Are Propelling The Pneumatic Conveying Systems Market's Growth?
Increasing automation is fueling growth in the pneumatic conveying systems market. Automation involves mechanizing processes to enhance efficiency and reduce labor costs, with pneumatic conveying systems playing a crucial role in material transportation. These systems automate bulk material movement, providing precise control and eliminating the need for manual intervention. For example, the International Federation of Robotics reported a significant increase in global industrial robot installations in 2021, with Asia accounting for the majority. This trend underscores the pivotal role of automation in driving the pneumatic conveying systems market's growth through 2023, 2024, and beyond.
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What Are The Key Segments Within The Global Pneumatic Conveying Systems Market?
The pneumatic conveying systems market covered in this report is segmented –
1) By Operating Principle: Dilute Phase Conveying, Dense Phase Conveying
2) By Technology: Positive Pressure Systems, Vacuum Systems, Combination Systems
3) By End-Use: Ceramic, Pharmaceuticals, Food Industry, Rubber and Plastic Industry, Cement, Mining (Mineral), Automotive, Other End Uses
How Are New Trends Impacting The Size Of The Pneumatic Conveying Systems Market?
Key players in the pneumatic conveying systems market are developing advanced products, such as vacuum conveyors, to better serve their customers. Vacuum conveyors use a pressure differential to transport materials from one location to another. For instance, in November 2021, Piab Group, a Swedish provider of pneumatic systems, introduced the piFLOWam vacuum conveyor. This compact conveyor is tailored for OEMs in the additive manufacturing sector and incorporates Piab's COAX vacuum technology and a robust butterfly valve. The valve maintains material batches securely without pump attachment and ensures seamless operation with various 3D printers, sieves, hoppers, and other vessels. The piFLOWam is a versatile solution for additive manufacturing processes, controlled by pneumatic or electrical units.
Which Region Drives The Highest Growth In The Pneumatic Conveying Systems Market?
Europe was the largest region in the pneumatic conveying systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pneumatic conveying systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
