Pneumatic Tools Market Industry Outlook, Growth Prospects and Key Opportunities
Pneumatic Tools Market – Introduction
Pneumatic tools are powered by compressed air (as it works by the force of air); the force of air is provided by an air compressor. In other words, pneumatic tools are powered by compressed air, as it is the power of air pressure that helps the pneumatic tool to work. Pneumatic tools have a gas powered pump which continuously forces the air into a steel container till the air gets pressurized. In addition, a pneumatic tool is hooked to a pipe which is attached to a container with an air valve. Pneumatic tools are industrial machines that can be used for hours without stopping any work, as it has longer life than other types of tools and they are available in various sizes, dimensions, and patterns. Additionally, pneumatic tools are widely acknowledged in the market across the globe due to its advantages such as corrosion resistance, low maintenance, compact design, and longer service life. Pneumatic tools are air compressed power tools powered by portable compressed carbon dioxide containers or cylinders.
Pneumatic tools Market – Competitive Landscape
Leading market players are focusing on further innovative developments of pneumatic tools to overcome existing limits and enhance operational efficiency.
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Atlas Copco
Established in 1873, Atlas Copco is a Swedish industrial company employing around 34,000 people. It manufactures industrial tools and equipment, and is headquartered in Nacka, Sweden. The company services, manufactures, develops, and rents industrial tools and air compressor construction systems. It operates in four main segments that include industrial technique, compressor technique, construction technique, and vacuum technique.
EATON Corporation Inc.,
Incorporated in 1911, Eaton is a U.S.-based multinational conglomerate and a power management company with around 99,000 employees. The company operates its business through two key segments: industrial and electrical. The industrial segment includes hydraulics group, aerospace group, and vehicle group. The electrical segment of the company comprises Electrical Americas & Rest of the World sub-segments, which include customers from institutional, industrial, government, information technology, commercial, utilities, residential, and original equipment manufacturer (OEM) sectors. Eaton’s operational headquarters is in Beachwood, Ohio (the U.S.). The company operates in almost 175 countries.
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