QYResearch forecast the global Piezo Ceramic Technology market to reach USD 9239.77 Million by 2022

QYResearch

 

The piezoelectric ceramic is a kind of functional ceramic materials which can create electricity when subjected to a mechanical stress. They will also work in reverse, generating a strain by the application of an electric field. In sensors they make it possible to convert forces, pressures and accelerations into electrical signals, and in sonic and ultrasonic transducers and actuators they convert electric voltages into vibrations or deformations.

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% between 2017 and 2022. There is a rising demand for piezocomposite materials for industrial applications. Moreover, emerging energy harvesting techniques using non-conventional energy source such as body and facial movements are creating a huge demand for piezoelectric devices worldwide. The major factors driving the growth of the piezoelectric devices market further include the increasing government and investor funding in the market as well as the growing information industry.

The market for Lead Magnesium Niobate (PMN) held the largest share of the piezoelectric materials market owing to their high piezoelectric sensitivity and ability to acquire desired shapes and sizes. Currently, the most widely used piezoelectric ceramic material is PMN. It is used in a variety of applications, including medical, industrial, and automotive.

In the global piezoelectric devices market, APAC held the highest share in 2016. Globally, the largest amount of research on piezoelectric materials and devices is undertaken in Japan. Several experiments on microscale applications of piezoelectric technology have been carried out in Japan, including the usage of this technology in floors of train stations to generate electricity. Owing to this, the market in APAC is expected to grow at the highest rate in the coming years.

The Piezoelectric Ceramics industry concentration is not high; there are more than one hundreds manufacturers in the world, and high-end products mainly from U.S. and Western European.

Global giant manufactures mainly distributed in Europe. The manufacturers in Japan have a long history and unshakable status in this field. Manufacturers such as MURATA and TDK have relative higher level of product’s quality. As to British, MORGAN has become as a global leader. In Germany, CeramTec leads the technology development. Most of Chinese manufactures locate in Jiangsu, Guangdong and Zhejiang province.

Many companies have several plants, usually locate in the place close to aimed consumption region. There are international companies set up factories in China either, such as Ceram Tec whose plant is located in Jiangsu province. Some companies usually take a joint venture enter into aim market.

The key consumption markets locate at developed countries. In 2016, The China takes the market share of 24.43%, followed by Japan with 22.86%.

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