Oct 7, 2022   SOURCE: BusinessWire

Global Piezoelectric Actuator Markets, 2022-2027: Escalating Demand for Piezoelectric Polymers Due to Increasing Investments in Renewable Energy Projects - ResearchAndMarkets.com

The "Global Piezoelectric Actuator Market (2022-2027) by Actuator Type, Application, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Piezoelectric Actuator Market is estimated to be USD 2.1 Bn in 2022 and is projected to reach USD 2.81 Bn by 2027, growing at a CAGR of 6%.

Market dynamics are forces that impact the prices and behaviors of the Global Piezoelectric Actuator Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors.

There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario.

Some of the companies covered in this report are APC International, Cedrat Technologies, CeramTec, CTS, TDK, Johnson Matthey, Kinetic Ceramics, Murata Manufacturing, Tokin, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score.

The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers

  • Surging Need for High-performance Actuators Witnessed by Aerospace Industry
  • Escalating Demand for Piezoelectric Polymers Due to Increasing Investments in Renewable Energy Projects

Restraints

  • Use of Potentially Hazardous Elements

Opportunities

  • Promising Newer Applications of Piezoelectric Polymers in Piezoelectric Actuators and Motors in Biomedical Devices, Aerospace, Nuclear Instrumentation, Consumer Electronics

Challenges

  • Developing Alternative to PZT Having Similar Properties to Conventional Lead-based Ceramic Materials
  • Building Effective Inventory Management System and Space Utilization Due to Rapid Technological Changes

Company Profiles

  • APC International
  • Cedrat Technologies
  • CeramTec
  • CTS
  • TDK
  • Johnson Matthey
  • Kinetic Ceramics
  • Murata Manufacturing
  • Tokin
  • NGK Insulators
  • PCB Motor
  • Physik Instrumente (PI)
  • Piezomechanik GmbH
  • Stem
  • Thorlabs
  • Ningbo Best Group
  • Hanse-john Electronics
  • Piezo Hannas (Wuhan) Tech
  • Sinocera Piezotronics

For more information about this report visit https://www.researchandmarkets.com/r/rtgqrb