The Piezoceramic is a kind of functional ceramic materials which can create electricity when subjected to a mechanical stress. They will also work in reverse, generating a strain by the application of an electric field. In sensors they make it possible to convert forces, pressures and accelerations into electrical signals, and in sonic and ultrasonic transducers and actuators they convert electric voltages into vibrations or deformations.
Market Analysis and Insights: Global Piezoceramics Market
Due to the COVID-19 pandemic, the global Piezoceramics market size is estimated to be worth US$ 8027.3 million in 2022 and is forecast to a readjusted size of US$ 10220 million by 2028 with a CAGR of 4.1% during the review period. Fully considering the economic change by this health crisis, Lead Zinc Titanates(PZT) accounting for % of the Piezoceramics global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Industrial & Manufacturing segment is altered to an % CAGR throughout this forecast period.
In the global piezoelectric devices market, APAC held the highest share in 2017. Globally, the largest amount of research on piezoelectric materials and devices is undertaken in Japan. Several experiments on microscale applications of piezoelectric technology have been carried out in Japan, including the usage of this technology in floors of train stations to generate electricity. Owing to this, the market in APAC is expected to grow at the highest rate in the coming years.
Global Piezoceramics Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Piezoceramics Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Lead Zinc Titanates(PZT)
Lead Titanate (PT)
Lead Magnesium Niobate (PMN)
Others
Segment by Application
Industrial & Manufacturing
Automotive
Information & Telecommunication
Medical Devices
By Company
MURATA
TDK
MORGAN
TAIYO YUDEN
KYOCERA
CeramTec
PI Ceramic
Exelis
Sparkler Ceramics
KEPO Electronics
APC International
TRS
Noliac
SensorTech
Meggitt Sensing
Johnson Matthey
Kinetic Ceramics
Konghong Corporation
Jiakang Electronics
Datong Electronic
Audiowell
Honghua Electronic
Risun Electronic
Yuhai Electronic Ceramic
PANT
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina