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Global Piezo-Ceramics Industry Market Dynamics & Strategic Insights 2021-2030
Piezoceramic is used to convert mechanical parameters such as velocity, pressure, and acceleration into electrical parameters, or in reverse to convert electrical signals into mechanical movement. Typically, Piezoelectricity is based on the ability of crystals to generate an electric charge when mechanically loaded with pressure is called the piezo effect. If these crystals undergo a controlled deformation when exposed to an electric field and the polarity of the charge depends on the orientation of the crystal. This crystal orientation is relative to the direction of the pressure. Piezo-ceramic components have a polycrystalline structure involving numerous crystallites. Each of these consists of a plurality of elementary cells and these elementary cells of ferroelectric ceramics displays a perovskite crystal structure. These are some of the broadly used Piezo-ceramics, especially in IT, electronics, and telecommunication industries.
Global Piezo Ceramics Market іѕ ѕеgmеntеd on the bаѕіѕ оf Application (Sensors, Actuators, Transducers, Generators, and Motors) End-use Industry (Industrial, Automotive, Medical Devices, Electronics and Telecommunication, and Others), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Piezo Ceramics Market wаѕ vаluеd аt UЅD 1,468.5 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 5.6% frоm 2021 tо 2030.
The report on Global Piezo Ceramics Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Piezo Ceramics Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Piezo Ceramics Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Piezo Ceramics Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Piezo Ceramics Market.
Market Dynamics:
Increasing demand for piezo-ceramics in multiple applications in the automotive industry is a factor expected to drive the growth of the global piezo ceramics market over the forecast period. Increasing use of oil level sensors and actuators for precise control of furling and lubricant injection processes in engines are factors projected to drive the growth of the global market. Growing demand for piezo ceramic components is used in lithotripters and inhalers in medical technology is estimated to fuel the growth of the target market. Rising applications in mechanical engineering include ultrasonic welding, ultrasonic cleaning, and active vibration damping, and musical instruments and piezo-electric gas igniters use piezo-electric technology is projected to boost the demand for the global market.
However, the high cost of piezoceramic is one of the major factors restraining the growth of the global market during the forecast period.
Segmental Analysis:
Among the application segments, the actuators segment is expected to contribute a major revenue share and is expected to maintain its dominance over the forecast period, owing to rising demand for electric actuators as a tool of high power efficiency and rotational speed. The generators are expected to witness the fastest growth at a CAGR over the forecast period, due to their ability to exhibit low-frequency sound waves.
Among the ens use industry segments, the automotive is projected to witness a significant growth rate over the forecast period, due to the usage of electronic goods and increase product demand over the forecast period.
Regional Analysis:
Asia Pacific piezo ceramics market is expected to register a significant rate of growth over the forecast period, due to the presence of electronic manufacturing units in Japan, China, South Korea, and Taiwan. The growing automotive sector and increasing demand for electronic accessories including motors in China and India are estimated to witness high growth in the near future. Also, increasing the use of piezoelectric materials in the formulation of actuators, sensors, and other electronic accessories is another factor expected to drive the growth of the Asia Pacific market. Europe market is expected to witness a sluggish rate of growth during the forecast period, due to rising military spending by the governments of Germany, UK, and Russia to promote the use of piezoelectric materials over the upcoming years.
Global Piezo Ceramics Market Segmentation:
Segmentation by Application:
• Sensors
• Actuators
• Transducers
• Generators
• Motors
Segmentation by End-use Industry:
• Industrial
• Automotive
• Medical Devices
• Electronics and Telecommunication
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
MURATA
MORGAN
TAIYO YUDEN
KYOCERA
CeramTec
PI Ceramic
Exelis
Sparkler Ceramics
KEPO Electronics
APC International
TRS
Noliac
SensorTech
Global Piezo Ceramics Market іѕ ѕеgmеntеd on the bаѕіѕ оf Application (Sensors, Actuators, Transducers, Generators, and Motors) End-use Industry (Industrial, Automotive, Medical Devices, Electronics and Telecommunication, and Others), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Piezo Ceramics Market wаѕ vаluеd аt UЅD 1,468.5 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 5.6% frоm 2021 tо 2030.
The report on Global Piezo Ceramics Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Piezo Ceramics Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Piezo Ceramics Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Piezo Ceramics Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Piezo Ceramics Market.
Market Dynamics:
Increasing demand for piezo-ceramics in multiple applications in the automotive industry is a factor expected to drive the growth of the global piezo ceramics market over the forecast period. Increasing use of oil level sensors and actuators for precise control of furling and lubricant injection processes in engines are factors projected to drive the growth of the global market. Growing demand for piezo ceramic components is used in lithotripters and inhalers in medical technology is estimated to fuel the growth of the target market. Rising applications in mechanical engineering include ultrasonic welding, ultrasonic cleaning, and active vibration damping, and musical instruments and piezo-electric gas igniters use piezo-electric technology is projected to boost the demand for the global market.
However, the high cost of piezoceramic is one of the major factors restraining the growth of the global market during the forecast period.
Segmental Analysis:
Among the application segments, the actuators segment is expected to contribute a major revenue share and is expected to maintain its dominance over the forecast period, owing to rising demand for electric actuators as a tool of high power efficiency and rotational speed. The generators are expected to witness the fastest growth at a CAGR over the forecast period, due to their ability to exhibit low-frequency sound waves.
Among the ens use industry segments, the automotive is projected to witness a significant growth rate over the forecast period, due to the usage of electronic goods and increase product demand over the forecast period.
Regional Analysis:
Asia Pacific piezo ceramics market is expected to register a significant rate of growth over the forecast period, due to the presence of electronic manufacturing units in Japan, China, South Korea, and Taiwan. The growing automotive sector and increasing demand for electronic accessories including motors in China and India are estimated to witness high growth in the near future. Also, increasing the use of piezoelectric materials in the formulation of actuators, sensors, and other electronic accessories is another factor expected to drive the growth of the Asia Pacific market. Europe market is expected to witness a sluggish rate of growth during the forecast period, due to rising military spending by the governments of Germany, UK, and Russia to promote the use of piezoelectric materials over the upcoming years.
Global Piezo Ceramics Market Segmentation:
Segmentation by Application:
• Sensors
• Actuators
• Transducers
• Generators
• Motors
Segmentation by End-use Industry:
• Industrial
• Automotive
• Medical Devices
• Electronics and Telecommunication
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
MURATA
MORGAN
TAIYO YUDEN
KYOCERA
CeramTec
PI Ceramic
Exelis
Sparkler Ceramics
KEPO Electronics
APC International
TRS
Noliac
SensorTech
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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