Miniature Products Offer Mighty Returns in Pneumatic Valves Markets
The miniaturization trend of pneumatic valves is not creating a new market, but offering new products to existing customers.
With smaller parts offering lower costs and less space requirements, pneumatic valve end users are driving the market as the advantages of equipment miniaturization are fully realized. New analysis from Frost & Sullivan (San Antonio), North American Pneumatic Valves Markets, reveals that this industry generated revenues of $891 million in 2001 and is projected to increase steadily to over $1 billion by 2007.
The miniaturization trend of pneumatic valves is not creating a new market, but offering new products to existing customers. Mini-pneumatics target specific applications like robotics and animation, as opposed to miniaturization, which can fulfill applications for most end-user groups.