QYResearch forecast the global Piezo Ceramic Technology market to reach USD 9239.77 Million by 2022
QYR forecast the global piezoelectric devices market to reach USD 9239.77 Million by 2022 from USD 7829.94 Million in 2017, growing at a CAGR of 3.37
QYR forecast the global piezoelectric devices market to reach USD 9239.77 Million by 2022 from USD 7829.94 Million in 2017, growing at a CAGR of 3.37
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<strong>QYResearch</strong><br />
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The piezoelectric ceramic is a kind of functional<br />
ceramic materials which can create electricity<br />
when subjected <strong>to</strong> a mechanical stress. They will<br />
also work in reverse, generating a strain <strong>by</strong> <strong>the</strong><br />
application of an electric field. In sensors <strong>the</strong>y<br />
make it possible <strong>to</strong> convert forces, pressures and<br />
accelerations in<strong>to</strong> electrical signals, and in sonic<br />
and ultrasonic transducers and actua<strong>to</strong>rs <strong>the</strong>y<br />
convert electric voltages in<strong>to</strong> vibrations or<br />
deformations.<br />
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<strong>QYResearch</strong><br />
QYR <strong>forecast</strong> <strong>the</strong> <strong>global</strong> piezoelectric devices <strong>market</strong> <strong>to</strong> <strong>reach</strong> <strong>USD</strong> <strong>9239.77</strong> <strong>Million</strong> <strong>by</strong> <strong>2022</strong> from <strong>USD</strong> 7829.94<br />
<strong>Million</strong> in 2017, growing at a CAGR of 3.37% between 2017 and <strong>2022</strong>. There is a rising demand for<br />
piezocomposite materials for industrial applications. Moreover, emerging energy harvesting techniques using nonconventional<br />
energy source such as body and facial movements are creating a huge demand for piezoelectric<br />
devices worldwide. The major fac<strong>to</strong>rs driving <strong>the</strong> growth of <strong>the</strong> piezoelectric devices <strong>market</strong> fur<strong>the</strong>r include <strong>the</strong><br />
increasing government and inves<strong>to</strong>r funding in <strong>the</strong> <strong>market</strong> as well as <strong>the</strong> growing information industry.<br />
The <strong>market</strong> for Lead Magnesium Niobate (PMN) held <strong>the</strong> largest share of <strong>the</strong> piezoelectric materials <strong>market</strong><br />
owing <strong>to</strong> <strong>the</strong>ir high piezoelectric sensitivity and ability <strong>to</strong> acquire desired shapes and sizes. Currently, <strong>the</strong> most<br />
widely used piezoelectric ceramic material is PMN. It is used in a variety of applications, including medical,<br />
industrial, and au<strong>to</strong>motive.<br />
In <strong>the</strong> <strong>global</strong> piezoelectric devices <strong>market</strong>, APAC held <strong>the</strong> highest share in 2016. Globally, <strong>the</strong> largest amount of<br />
research on piezoelectric materials and devices is undertaken in Japan. Several experiments on microscale<br />
applications of piezoelectric technology have been carried out in Japan, including <strong>the</strong> usage of this technology in<br />
floors of train stations <strong>to</strong> generate electricity. Owing <strong>to</strong> this, <strong>the</strong> <strong>market</strong> in APAC is expected <strong>to</strong> grow at <strong>the</strong><br />
highest rate in <strong>the</strong> coming years.<br />
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<strong>QYResearch</strong><br />
The <strong>Piezo</strong>electric <strong>Ceramic</strong>s industry concentration is not high; <strong>the</strong>re are more than one hundreds manufacturers<br />
in <strong>the</strong> world, and high-end products mainly from U.S. and Western European.<br />
Global giant manufactures mainly distributed in Europe. The manufacturers in Japan have a long his<strong>to</strong>ry and<br />
unshakable status in this field. Manufacturers such as MURATA and TDK have relative higher level of product’s<br />
quality. As <strong>to</strong> British, MORGAN has become as a <strong>global</strong> leader. In Germany, CeramTec leads <strong>the</strong> technology<br />
development. Most of Chinese manufactures locate in Jiangsu, Guangdong and Zhejiang province.<br />
Many companies have several plants, usually locate in <strong>the</strong> place close <strong>to</strong> aimed consumption region. There are<br />
international companies set up fac<strong>to</strong>ries in China ei<strong>the</strong>r, such as Ceram Tec whose plant is located in Jiangsu<br />
province. Some companies usually take a joint venture enter in<strong>to</strong> aim <strong>market</strong>.<br />
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The key consumption <strong>market</strong>s locate at<br />
developed countries. In 2016, The China<br />
takes <strong>the</strong> <strong>market</strong> share of 24.43%,<br />
followed <strong>by</strong> Japan with 22.86%.<br />
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