AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Piezoelectric Materials market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Piezoelectric Materials market.
The Device Type, such as Actuators, is boosting the Piezoelectric Materials market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Piezoelectric Materials market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rising Popularity of Piezoceramics for the Production of Electronic Goods, Rising Importance of Automation in the Manufacturing Sector and Increasing Demand for Low-Power Portable Energy Sources and Energy Harvesting Devices. †
Piezoelectric Materials are those materials which produce an electric current when they come in contact with mechanical stress. These piezoelectric materials also undergo the reversible process of piezoelectric, so if the current is applied to these materials, they will actually change the shape slightly up to a maximum of 4%. This material consists of different types of ceramics, polymers, crystals, and composites which can generate a voltage or current while being exposed to external mechanical pressure and have the ability to change the shape and size of the materials. These materials are commonly used in a wide range of electronic goods which includes actuators, sensors, and transducers, etc. which in turn help in driving the market growth over the forecast period.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Piezoelectric Materials market by Type (Ceramics, Polymers and Composites), by Application (Automotive, Industrial Manufacturing, Pharma & Healthcare and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market