Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for energy industry professionals · Thursday, March 28, 2024 · 699,539,333 Articles · 3+ Million Readers

Piezoelectric Materials Market is Forecasted to Grow at a CAGR Of 8.32% and Forecast from 2017 to 2022

This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies

PUNE, INDIA, November 24, 2017 /EINPresswire.com/ -- The global piezoelectric materials market is projected to witness a CAGR of 8.32% to grow to US$1.254 billion by 2022, increasing from US$.0.841 billion in 2017. Increasing demand for automated manufacturing processes with increased efficiency and reduced lead time leads to an increase in the demand of actuators. This increasing demand of actuators is expected to fuel the market growth over the projected period. The growth of consumer electronics industry and increasing popularity of photovoltaic cells will drive the market growth for piezoelectric materials. However, growing popularity of the substitutes like inherently conductive polymers for the manufacturing of actuators will impede the market growth.

By Material

Ceramics held the largest market share in 2016, owing to the increasing demand for ceramic-based lead zirconate titanate in a wide range of applications across various industry verticals. Composites held the second largest share in the products segment and are expected to show the highest growth rate over the forecast period due to their wide range of bandwidth and high electroacoustic efficiency

By Product

Actuators held the largest share in this segment in 2016, owing to their use in a wide range of applications, especially in automotive industry. Generators are expected to show the highest CAGR over the forecast period owing to their ability to generate electricity using the vibrations from the system

Request a Sample Report @ https://www.wiseguyreports.com/sample-request/2485155-global-piezoelectric-materials-market-forecasts-from-2017-to-2022

By Industry

Consumer Electronics industry held the largest share in this segment in 2016, owing to the use of piezoelectric materials in a wide range of advanced electronic devices. Automotive industry held the second largest share after consumer electronics industry owing to the application of these materials in vehicles to enhance safety and convenience.

By Geography

North America accounted for the largest market share in 2016, followed by Europe, owing to the rapidly increasing use of sensors and transducers in a wide range of applications. Asia Pacific is expected to show the highest CAGR over the projected period. The highest expected CAGR in Asia Pacific is due to the rapidly growing automotive and consumer electronics industry.

Segmentation

In the report, global piezoelectric materials market has been segmented by material, product, industry, and geography:

By Material
Polymers
Ceramics
Composites
Others

By Product
Sensors
Actuators
Transducers
Motors
Generators
Others

By Industry
Consumer Electronics
Automotive
Healthcare
Aerospace and Defense
Energy and Power
Others

By Geography
North America
South America
Europe
Middle East and Africa (MEA)
Asia Pacific (APAC)

Make an enquiry of this Report @ https://www.wiseguyreports.com/enquiry/2485155-global-piezoelectric-materials-market-forecasts-from-2017-to-2022

Table of Content

1. Introduction
1.1. Market Definition
1.2. Scope of the Study
1.3. Currency
1.4. Assumptions
1.5. Base, and Forecast Years Timeline
2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
2.3. Validation
3. Key Findings of the Study
4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities and Market Trends
4.4. Market Segmentation
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Industry Value Chain Analysis
4.7. Industry Regulations
5. Global Piezoelectric Materials Market Forecast by Material (US$ billion)
5.1. Introduction
5.2. Polymers
5.3. Ceramics
5.4. Composites
5.5. Others
6. Global Piezoelectric Materials Market Forecast by Products (US$ billion)
6.1. Introduction
6.2. Sensors
6.3. Actuators
6.4. Transducers
6.5. Motors
6.6. Generators
6.7. Others
7. Global Piezoelectric Materials Market Forecast by Industry (US$ billion)
7.1. Introduction
7.2. Consumer Electronics
7.3. Automotive
7.4. Healthcare
7.5. Aerospace and Defense
7.6. Energy and Power
7.7. Others
8. Global Piezoelectric Materials Market Forecast by Geography (US$ billion)
8.1. Introduction
8.2. North America
8.3. South America
8.4. Europe
8.5. Middle East and Africa (MEA)
8.6. Asia Pacific (APAC)
9. Competitive Intelligence
9.1. Market Share Analysis
9.2. Strategies of Key Players
9.3. Recent Investments and Deals

……Continued

Purchase Report @ https://www.wiseguyreports.com/checkout?currency=one_user-USD&report_id=2485155

Norah Trent
wiseguyreports
+1 646 845 9349 / +44 208 133 9349
email us here

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release