Piezoelectric Ceramics Market to Gain High Growth Owing to its High Precision and Accuracy Factors 2017-2020
The
global and China Piezoelectric Ceramics Market
is expected to witness exponential growth over the forecast years owing to the
emerging demand for piezoceramic devices and increasing government funding.
Upcoming of advanced harvesting techniques and increasing automotive sector is
cited to propel the demand for the industry over the next seven years. Rapid R&D
and innovations by the manufacturers has led to the miniaturization of
technology which has significantly impacted the market positively.
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Piezoceramics are increasingly incorporated and commercially
viable piezoelectric material because they exhibit properties of large
displacements and induce high electric voltages as compared to the conventional
ceramic materials such as berlinite, topaz, and quartz. Additionally,
piezoceramic materials can be easily customized according to customer
specifications. Cost effective is another alarming feature of the piezoelectric
ceramics owing to which it is essentially preferred matter used for
manufacturing of piezoelectric devices. Attributing to this piezoceramic
material accounted for a high market share in the year 2014.
Technological
advancements by the manufacturers have led to the development of piezoelectric
actuator devices which is anticipated to propel the piezoelectric market over
the forecast period. These actuators facilitate a vast number of benefits
including resolution, speed, reliability, vacuum compatibility and size. Also,
an increasing number of application of piezo actuators used in microactuators
medical tools for surgery purposes is estimated to fuel the demand for the
industry. Piezoelectric actuators experience a wide variety of applications
such as microgrippers in the manufacturing of miniaturized material like stents
along with high-temperature actuators used as diesel injector valves in various
automotive.
Split by product
types,
• Lead zinc titanates
• Lead-lanthanum zirconate titanate
• Niobium-lead zirconate titanate
• Other
Piezoelectric devices for manufacturing and industrial
applications are mature markets that comprise of the largest market share among
all the application of technology. Piezoelectric sensors, transducers,
actuators and motors have numerous applications for the industrial processes. Emerging demand for precision and accuracy
in the manufacturing sector is an essential driving factor the piezoelectric
market. Advanced technologies including micromotion along with integrated
thin films are essentially fueling the demand for piezo motors in manufacturing
industry as they facilitate better performance than the conventional motors.
The transducers are largely employed repeatable and accurate measurement
devised for various ranges. Additionally, transducers are used for various
temperature application including gas & oil service, injection molding,
chemical production, steel production and die casting.
Notable players in
the market are Exelis, Inc., (U.S), Piezo Solutions (U.S), Mad City Labs, Inc.
(U.S), APC International, Inc. (U.S), US Eurotek, Inc (U.S), CeraTec GmbH
(Germany), Piezomechanik GmbH (Germany), Morgan Advanced Materials (U.K) and PI
(Germany).
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Split by
applications,
• Piezoelectric transformer
• Electro-acoustic transducer
• Ultrasonic transducer
• Underwater acoustic transducers
• Sensing and measurement
• Others
Split by regions,
• North America
• Europe
• Japan
• China
• India
• Southeast Asia
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