Piezoelectric Devices Market by Material & Application - 2020 | MarketsandMarkets

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MarketsandMarkets Presents
Piezoelectric Devices Market worth USD 27.24
Billion USD by 2020
Piezoelectric Devices Market by Material
(Piezoceramic, Piezopolymer, Piezocomposite),
Product (Actuators, Transducers, Motors, Sensors,
Generators), Application (Industrial, Automotive,
Medical, Consumer) Geography - Global Trend
Forecast to 2020

http//www.marketsandmarkets.com/Market-Reports/pi
ezoelectric-devices-market-256019882.html
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According to the new market research
report "Piezoelectric Devices Market by Material
(Piezoceramic, Piezopolymer, Piezocomposite),
Product (Actuators, Transducers, Motors, Sensors,
Generators), Application (Industrial, Automotive,
Medical, Consumer) Geography - Global Trend
Forecast to 2020", on piezoelectric devices, the
market is expected to reach USD 27.24 Billion by
2020 from USD 20.35 Billion in 2015, growing at a
CAGR of 6.01 between 2015 and 2020. The driving
factors for the growth of this market include
increasing demand for piezoceramic devices,
increased funding from governments and investors,
emerging energy harvesting techniques, recovering
automotive sector, and growing popularity of
miniaturization technology. Browse 75 market
data tables and 45 figures spread through 171
pages and in-depth TOC on Piezoelectric Devices
Market  - Global Trend Forecast to
2020Early buyers will receive 10
customization on this report.
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Piezoceramic material was the biggest segment in
terms of market size in 2014 Piezoceramics are
the most widely used and commercially accepted
piezoelectric materials as they exhibit larger
displacements or induce larger electric voltages
than other conventional ceramic materials such as
quartz, berlinite, and topaz. In addition,
piezoceramic materials are cost effective and can
be easily tailored to meet the requirements of
specific applications. Therefore, piezoceramics
is the most preferred material for manufacturing
piezoelectric devices. Due to these properties,
piezoceramic materials held the largest market in
2014. PDF Brochure_at_ http//www.marketsandmarkets.
com/pdfdownload.asp?id256019882 Piezoelectric
actuator devices expected to dominated the
piezoelectric devices market during the forecast
period Piezoelectric actuators offer benefits in
terms of speed, size, reliability, resolution,
and vacuum compatibility. In addition, emerging
applications of piezo actuators in micro-actuator
medical tools for minimally invasive surgery,
micro-grippers in manufacturing microsized
objects such as stents, and high temperature
actuators for diesel injector valves in
automobiles are expected to propel the growth of
the piezoelectric actuators market.

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The industrial manufacturing segment expected
to dominate the piezoelectric devices market
during the forecast period The piezoelectric
devices market for industrial manufacturing
applications is a fairly mature market, which
holds the largest share among all the other piezo
applications. Piezoelectric motors, sensors,
actuators, and transducers have a variety of
significant uses in industrial processes. The
demand for high accuracy, miniaturization, and
precision in the manufacturing industry is
driving the market for piezoelectric devices.
Technologies such as micro-motion and integrated
thin-film are driving the demand for piezo motors
in the manufacturing sector as these motors offer
advantages such as higher precision, greater
miniaturization, and better performance over the
conventional electric motors. The piezoelectric
transducers are used for accurate and repeatable
measurement for all pressure ranges and most
temperature applications such as oil and gas
services, steel production, injection molding,
die casting, and chemical production. Inquiry
Before Buying _at_ http//www.marketsandmarkets.com/E
nquiry_Before_Buying.asp?id256019882 The
market in APAC expected to grow at the highest
CAGR during forecast period APAC is expected to
hold the largest share of the piezoelectric
devices market by 2020. APAC is the largest
producer of piezocrystals as it produces around 2
billion piezocrystals annually. These
piezocrystals have applications in consumer
electronics. solutions and surgical tools in
which piezoelectric devices are used.

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