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Increase in investment in renewable energy projects boost the growth of the sector

Increase in investment in renewable energy projects boost the growth of the sector

Increase in investment in renewable energy projects boost the growth of the sector

Increase in investment in renewable energy projects boost the growth of the sector

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Global Piezoelectric Equipment Market

Global Piezoelectric Equipment Market

Global Piezoelectric Equipment Market

DUBLIN, October 31, 2022 (Globe Newswire) — The Global Piezoelectric Devices Market by Materials (Piezoelectric Ceramics, Polymers), Products (Piezoelectric Actuators, Transducers, Motors), Application (Aerospace & Defense, Industrial, Consumer) and Sector – Forecast to 2027” report has been added ResearchAndMarkets.com’s Presentation.

The piezoelectric devices market is projected to grow from USD 30.8 billion in 2022 to USD 41.0 billion by 2027; It is expected to grow at a CAGR of 5.9% from 2022 to 2027.

Adoption of high-performance piezoelectric products in the aerospace industry, increasing use of piezoelectric devices for energy harvesting, increasing investment in renewable energy projects are among the factors that contribute to the growth of the piezoelectric devices market.

However, the high cost associated with piezoelectric materials is a major factor limiting the growth of the piezoelectric devices market.

The market for piezoelectric transducers to hold the second largest share during the forecast period

The piezoelectric devices market for transducers had the largest market share in 2021 and is expected to maintain its second largest position throughout the forecast period. Piezoelectric transducers offer advantages such as greater reliability, robust design, compact size, low energy consumption, no need for external force, high frequency response, active signal-producing components, ease of use, and remaining functional even in high temperatures. Piezoelectric transducers are used by many end-user industries, including industrial, environmental and personal applications. Thus, piezoelectric transducers will contribute significantly to the market.

The market for piezoelectric ceramics segment is expected to hold the largest share during the forecast period

Piezoelectric ceramics was dominated by the piezoelectric devices market in 2021, and a similar trend is likely to be observed during the forecast period. This can be largely attributed to the increasing demand for ceramic-based lead zirconate titanate (PZT) because of its ability to exhibit significant displacement and induce high voltage, creating a significant demand in the near future. When piezoelectric ceramics are used both direct and reverse piezoelectric effects are prominent. Piezoelectric ceramics have high piezoelectric sensitivity and can obtain various shapes. Lead zirconate titanate (PZT) is one of the most widely used piezoelectric ceramic materials.

Market for Healthcare Applications segment to witness highest growth during the forecast period

Healthcare applications in the piezoelectric devices market is expected to record the highest CAGR during the forecast period. Piezoelectric devices are widely used in the healthcare sector in imaging, diagnostic and surgical applications. High-performance piezoelectric ceramics, such as lead zirconate titanate (PZT), lead meta niobate, and modified lead titanates, are used extensively in medical ultrasonic transducers for high-intensity focused ultrasound imaging purposes, dental scaling, and ultrasonic surgery . Medical device manufacturers are aware of the benefits of integrating piezoelectric components and materials into life-saving medical devices such as respirators, ventilators and atomization systems.

Europe to hold a significant share of piezoelectric devices market during the forecast period

Europe is expected to account for a significant share of the piezoelectric devices market during the forecast period. Europe is the second largest market for piezoelectric devices due to the region’s thriving sectors such as automotive, healthcare, and industrial and manufacturing. The large market share of the European region can be attributed to population growth, increased foreign investment, increased government investment, large-scale manufacturing facilities for electronic components as well as automobiles, the presence of many manufacturers, and technological advancements. Countries such as Germany and Italy are major contributors to this sector.

market dynamics
drivers

  • High adoption of piezoelectric products in the aerospace industry

  • Advanced Use of Piezoelectric Energy Harvester

  • Rapid demand for piezoelectric devices from automotive manufacturers

  • Increased investment in renewable energy projects

Helplessness

  • High Cost Associated With Piezoelectric Materials

  • Limitations of Piezoelectric Ceramics

  • Strict government policies restricting the use of lead-based piezoelectric materials

opportunity

  • Increasing use of piezoelectric nanomaterials in electronic devices

  • Growing adoption of piezoelectric devices and polymers in biomedical and surgical applications

  • Growing demand for polymer-based piezoelectric sensors and films in aerospace, nuclear instrumentation and consumer electronics applications

  • Increasing deployment of piezoelectric sensors and polymers in healthcare devices

challenges

Major topics covered:

1. Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Piezoelectric Equipment Market by Product

7 Piezoelectric Devices Market by Materials

8 Piezoelectric Devices Market, By Application

9 Piezoelectric Devices Market, by Piezoelectric Element

10 Operation Modes of Piezoelectric Devices

11 Piezoelectric Equipment Market, By Region

12 Competitive Landscapes

13 Company Profile

14 Appendix

mention of companies

  • Aerotech Inc.

  • APC International Limited

  • Ceramtec GmbH

  • CTS Corporation

  • Dietron Instruments Included

  • breathe

  • Hong Kong Piezo Company Limited

  • Johnson Matthey Piezo Products GmbH

  • Kinetic Ceramics

  • Kistler Group

  • Mad City Labs, Inc.

  • Mid Technology Corp.

  • Noliac A/S

  • Omega Piezo Technologies, Inc.

  • PCB Piezotronics, Inc.

  • Physique Instrument (PI) GmbH & Co. Kg.

  • pie ceramic

  • piezo solution

  • Piezo Technologies

  • Piezomechanics Dr. Lutz Pickelman GmbH

  • piezomotor

  • Piezosystem Jena GmbH

  • piezotec arcma

  • Solvay

  • sparkler ceramic

  • Te Connectivity Limited

  • TRS Technologies

For more information about this report, visit https://www.researchandmarkets.com/r/5w4464

escort

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