Rising Demand for Energy-Efficient Solutions Propels Global Piezoelectric Market Growth

Dublin, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The "Global Piezoelectric Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.

The global piezoelectric market is set to experience substantial expansion, with an estimated growth of USD 10.76 billion during the period from 2022 to 2027.

This anticipated growth reflects a significant Compound Annual Growth Rate (CAGR) of 5.94% during the forecast period. The market's acceleration is primarily attributed to the growing demand for energy-efficient solutions, increased integration of piezoelectric technology in portable devices, and the rising deployment of piezoelectric sensors in healthcare devices.

Market Dynamics

The global piezoelectric market analysis provides a comprehensive evaluation of market size and forecasts, industry trends, growth drivers, and challenges, along with a vendor analysis featuring approximately 25 vendors. The report offers an up-to-date analysis of the current market scenario, recent trends, drivers, and the overall market environment.

Market Segmentation

The global piezoelectric market is segmented as follows:

By Product:

  • Actuators and piezo generators
  • Sensors and transducers
  • Motor
  • Acoustic devices
  • Resonators and others

By Material:

  • Ceramics
  • Polymers
  • Composites
  • Crystals

By Geographical Landscape:

  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America

Key Findings

The growing use of piezoelectric nanomaterials in electronic devices is expected to be a significant driver of market growth in the coming years. Additionally, the rise in the adoption of piezoelectric devices and polymers in biomaterial and surgical applications, along with the increasing use of piezoelectric devices in the energy sector, is anticipated to contribute to significant market demand.

Competitive Landscape

The report covers various companies operating in the piezoelectric market, including:

  • Amphenol Corp.
  • APC International Ltd.
  • CeramTec GmbH
  • CTS Corp.
  • Dynamic Structures and Materials LLC
  • HOERBIGER Holding AG
  • Hutchinson SA
  • Kistler Holding AG
  • Kyocera Corp.
  • L3Harris Technologies Inc.
  • Mad City Labs Inc.
  • Micromechatronics Inc.
  • Morgan Advanced Materials PLC
  • Parker Hannifin Corp.
  • Physik Instrumente GmbH and Co. KG
  • Piezo Kinetics Inc.
  • Piezomechanik Dr. Lutz Pickelmann GmbH
  • Sparkler Ceramics Pvt. Ltd.
  • TDK Corp.

For more information about this report visit https://www.researchandmarkets.com/r/2nk4n3

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