Air/pneumatic Balancers Market
Air/pneumatic Balancers Market By Product Type (Pneumatic air balancer, Hydraulic air balancer, Electric air balancer), By Number Of Rope (Single Rope Air/Pneumatic Balancer, Double Rope Air/Pneumatic Balancer), By Application (Construction, Oil & Gas, Pharmaceutical), - Global Review 2021 to 2031
Air/Pneumatic balancer Market: Overview and Dynamics
Air/Pneumatic balancers are mechanical devices that use compressed air to convert energy into mechanical motion. As it has extensive application in the transportation sector, the growth rate in this sector will lead to pushing the demand-supply graph for air/pneumatic balancer upward in the upcoming years.
Air Balancers are widely used for the application of loading, unloading in the automotive sectors, construction, offshore, mining and transport. The Air Balancer uses the same principle as a single-acting air cylinder. Air pressure passes into the piston chamber to raise the load, while gravity and the release of pressure allow the load to lower. This design requires minimum air consumption.
Currently, light-duty Air balancer is the dominating segment in terms of capacity type and is poised to maintain its lead during the forecast period. This type of pneumatic actuators is light-weighted and cost-effective, making it highly required across the globe.
Additionally, this capacity type has low maintenance cost and smoother operability which make it the most sought-after around the globe. The heavy-duty pneumatic balancer is another key segment in terms of capacity which is further been utilized in the growth of manufacturers.
On the basis of technology used in Air/ Pneumatic balancer, BC2 control is suitable for repetitive loading and unloading operating application with a constant weight. MS-A control is suitable for pick and place application and it also has an additional feature called Down Stop preventing a sudden down-drift of the suspended load in case the pendant hose is damaged.
MS control is suitable for pick and place application which requires high speed and precise positioning operation. By pressing the UP and DOWN buttons, an operator is easily able to set the position of the load. Full Automatic Balancer hoists various loads in different weight and gives fine balancing and easy positioning by single-hand operation with Automatic Weight Sensing.
ATC control keeps the same quality as the pendant controller (MS, MS-A) and comparing with the pendant controller, ATC achieves better operational performance by the controller equipped with UP and DOWN buttons.
Air/ pneumatic Market: Drivers, Restraints, Opportunities and Trend analysis
Presently, the demand for industrial automation is most likely to fuel the sales of Air/pneumatic balancers in terms of application. Industrial automation is the use of various automated control systems such as robots, Artificial Intelligence, and others. With the technical and digital advancements, this sector is growing fast. This in turn is surging the demand for pneumatic actuators across the globe and is expected to follow the same market trend during the forecasting period.
Pneumatic actuator manufacturers frequently face difficulties due to high production cost and the complex lifecycle involved during the development stages. Moreover, operations and maintenance of various Air/ pneumatic balancers such as rack and pinion and scotch yoke require additional costs and hence not that economical for small to medium end-use sectors.
COVID-19 Impact Insights
COVID-19 pandemic has forced all the countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This as a result has disrupted almost every market and the Air/pneumatic balancers market also has been affected. COVID-19 pandemic has presented massive disruptions in the demand-supply equilibrium across multiple industries, leading towards economic losses at a global level. The cycles like assembling, improvement, and circulation of goods have halted because of shutdowns, which will affect the worldwide demand for Air/ pneumatic balancer.
All the Plants related to manufacturing and automobile shut down in Europe, the Asia Pacific and North America in the second quarter of 2020 has reduced the production scale of Air/ Pneumatic balancer. However, consistently upgrading the automobile sector, automation in manufacturing industries and safety measures of COVID-19 guidelines for worker safety would help the Air/pneumatic balancer market to bounce back strongly in the middle of 2021.
Air/Pneumatic Balancers Market: Regional Outlook
Based on the regional split, the report “Air/Pneumatic Balancers Market” takes into account six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa.
The United States has been leading in the North America region for the past decades due to having the world highest automobile and manufacturing industries, adoption of automation and many others factors, and it is predicted to follow the same trajectory during the forecasting period.
Further, Europe is expected to turn out as the most promising region under the Air/Pneumatic Balancers market owing to consistent stringent modifications in the automotive industries, positive response towards automating and workplace safety regulations. Moreover, the growing demand for light-duty Air/pneumatic balancer associated with highly advanced technology is giving a positive impact on the sales of Air/pneumatic balancer.
China is the main attraction of the World's fastest developing Air/pneumatic balancers industry, Asia Pacific region is most likely to sustain its major position in Air/pneumatic market during the forecasting period due to highly developed manufacturing units from the transportation and industrial sectors.
India is a highly profitable market for Air/pneumatic balancer and expected to follow the same market trend during the forecasting period. The abundance of labours and raw materials, and advancements in industrial and transportation sectors are leading the growth of Air/pneumatic balancers in India.
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Air/Pneumatic Balancers Market: Key Players
Being a moderately consolidated market, players have a dominant presence across regions through streamlined distribution networks.
- Ingersoll Rand
- Birch Handling
- Carl Stahl American Lifting
- Engineered Lifting Systems and Equipment Inc
- Ingersoll Rand
- IR Zimmerman
- NanJing JinMing Machinery Engineering
- Unified Industries
are amongst the prominent players in Air/Pneumatic Balancers market.
The global air/pneumatic balancers market is highly competitive and thriving on the revenues of the leading players. In order to capitalize on the new opportunities, key market players are most likely to launch quality products for various industries which are easy to use and most durable.
Common organic growth strategies of improving technology, safety, loading and unloading time, durability and other associated properties have been witnessed across the regional players. Moreover, to sustain a dominant position in the globe the companies may enter into new industries or companies can follow the inorganic growth strategy through merges, partnership and collaboration during the forecasting period.
The research report presents a comprehensive assessment of the Air/Pneumatic Balancers market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Air/Pneumatic Balancers market report provides analysis and information, according to market segments such as geographies, product type, material type and end-use.
Air/Pneumatic Balancers Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
An Adaptive Approach to Modern-day Research Needs
Air/Pneumatic Balancers Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
Air/Pneumatic Balancers report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. Air/Pneumatic Balancers report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. Air/Pneumatic Balancers report also maps the qualitative impact of various market factors on market segments and geographies.
Air/Pneumatic Balancers Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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Segmentation Analysis of Air/Pneumatic Balancers Market
The global Air/Pneumatic Balancers market is segmented into four major segments: by product type, by the number of rope, by application, by capacity, by the technology used and by region.
On the basis of product type, Air/Pneumatic Balancers market has been segmented as follows:
- Pneumatic air balancer
- Hydraulic air balancer
- Electric air balancer
On the basis of the number of rope, Air/Pneumatic Balancers market has been segmented as follows:
- Single Rope Air/Pneumatic Balancer
- Double Rope Air/Pneumatic Balancer
On the basis of application, Air/Pneumatic Balancers market has been segmented as follows:
- Oil & Gas
- Manufacturing unit
- Aviation/ Aerospace
On the basis of capacity, Air/Pneumatic Balancers market has been segmented as follows:
- Light duty Air/Pneumatic balancers
- Moderate duty Air/Pneumatic balancers
- Heavy-duty Air/Pneumatic balancers
On the basis of application, Air/Pneumatic Balancers market has been segmented as follows:
- With BC2 control
- With MS-A control
- With MS control
- Full automatic control
- With ATC control
On the basis of geographic regions, Air/Pneumatic Balancers market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa