What is Piezoelectric Materials Market Scope?
Piezoelectric Materials are those materials which produce an electric current when they come in contact with mechanical stress. These piezoelectric materials also undergo the reversible process of piezoelectric, so if the current is applied to these materials, they will actually change the shape slightly up to a maximum of 4%. This material consists of different types of ceramics, polymers, crystals, and composites which can generate a voltage or current while being exposed to external mechanical pressure and have the ability to change the shape and size of the materials. These materials are commonly used in a wide range of electronic goods which includes actuators, sensors, and transducers, etc. which in turn help in driving the market growth over the forecast period.
The Piezoelectric Materials market study is being classified by Type (Ceramics, Polymers and Composites), by Application (Automotive, Industrial Manufacturing, Pharma & Healthcare and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from Germany and United States will contribute to the maximum growth of Global Piezoelectric Materials market throughout the predicted period.
APC International, Ltd. (United States), Morgan Advanced Materials (United Kingdom), CeramTec GmbH (Germany), Piezo Solutions (United States), Piezo system jena (Germany), Piezo Systems, Inc. (United States), Piezomechanik Dr. Lutz Pickelmann GmbH (Germany), Mad City Labs Inc. (United States), CTS Corporation (United States) and Aerotech Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Exelis (United States) and Physik Instrumente (PI) GmbH & Co. KG. (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Piezoelectric Materials market by Type, Application and Region.
On the basis of geography, the market of Piezoelectric Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Acceptance of Photovoltaic Cells in Developed Economies
Market Drivers
- Rising Popularity of Piezoceramics for the Production of Electronic Goods
- Rising Importance of Automation in the Manufacturing Sector
- Increasing Demand for Low-Power Portable Energy Sources and Energy Harvesting Devices
Opportunities
- Increasing Use of Piezoelectric Materials in Nanotechnology
- Growing Demand for Substitutes Such As Dielectric and Inherently Conductive Polymers in Manufacturing Actuators
Restraints
- High Cost of Piezoelectric Materials
- Concern Related to the Current which is Only Produced When there is Mechanical Stress Being Applied on the Material
Challenges
- Rapid Technological Changes in Piezoelectric Materials
- Issue Related to the Quantity of Electricity Produced is so Small by Piezoelectric Materials
Key Target Audience
Piezoelectric Materials Manufacturers, Government and financial institutions, Software solution providers, Distributors and traders, Research organizations, Technology investors, Forums, alliances, and associations and End-Users
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