| | DECEMBER 20228The global hydraulic and pneumatic cylinder market size was valued at $13,375.8 million in 2020 and is projected to reach $23,850.4 million by 2030, registering a CAGR of 5.8 percent from 2021 to 2030. The demand for hydraulic and pneumatic cylinders is on the rise at an exponential pace, owing to increase in number of manufacturing and other sectors, which is expected to propel the cylinder market. Furthermore, incorporation of IoT into pneumatic cylinders is expected to boost the pneumatic cylinder market by 2025. Pneumatic cylinder is known as faster, stronger and uses less energy to perform an operation. "One of the main drivers of the pneumatic cylinder market is the rising need for high-speed or forced mechanical devices in a variety of industrial applications", says Nagesh Bandiwadekar, Managing Director, Powerjac Systems. Increasing Uses of Heavy Construction VehiclesThe market's growth can be attributed majorly to the increasing demand for heavy construction and mining vehicles from construction, mining and oil & gas industries. Increasing adoption of material handling equipment across industries is a major booster for the growth of the market. There is an increasing potential of the construction industry, which induces increased adoption of automated heavy construction vehicles equipped with hydraulic cylinders for various operations. The increasing adoption of material handling equipment across industries such as agriculture, HOW HYDRAULIC & PNEUMATIC CYLINDER MARKET IN INDIA IS ACHIEVING SUSTAINABILITYTHE PANORAMA
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