QYResearch: The Europe market for Piezoelectric Accelerometers is expected to reach about 212.53 Million USD by 2021

QYResearch

Piezoelectric Accelerometers is a type of accelerometer that employs the piezoelectric effect of certain materials to measure dynamic changes in mechanical variables (e.g., acceleration, vibration, and mechanical shock).

According to QYResearch, The Europe market for Piezoelectric Accelerometers is expected to reach about 212.53 Million USD by 2021 from 177.38 Million USD in 2016, registering a Compounded Annual Growth Rate (CAGR) of 3.68% during the analysis period, 2016-2021.

In the piezoelectric accelerometers market, there still has a distinct feature that the import and export rate of this industry is relatively high caused by the fact of higher concentration of manufacturers. We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

The market is not only influenced by the price, but also influenced by the product performance. Although small companies have price advantage, the application is narrow to some extent due to the poor manufacture processing, cheap raw material and less diversity of products.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.

Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.

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