Global Piezoelectric Devices Market Expected To Hit 23.6 Billion USD By 2022

Date: 2018-03-09

A piezoelectric device that uses the piezoelectric effect, to measure changes in pressure, acceleration, temperature, strain, or force by converting them to an electrical charge.

The growing electronic devices and industrial and manufacturing are the largest end user of the piezoelectric devices, cellphones, portable energy storage, PC and notebooks, automotive, and various industrial meters are the major factors driving the piezoelectric device market, with global increasing shipment of consumer electronic devices and replacement of intelligent medical and revolution of industrial integrated devices, the piezoelectric device is expected to experience a magnificent growth for the next coming years, according to research, the global Piezoelectric Devices market is expected to hit USD$ 23.6 billion by 2022.

Beside the electronic application, the popular of electric car across the world are expected to increase in demand for ultra-precision motion devices used in automotive manufacturing, which is expected to grow at a CAGR of 21.7% for the forecast period.

In terms of geography, the Asia Pacific is expecting to grow at highest CAGR over the forecast period, and is holding the largest market in terms of consumption, region followed by America, in North America, beside the automotive, the rising incorporation of Piezoelectric Devices in smart buildings and intelligent houses are major factors that is expected to result in this region’s high revenue share between the period of 2018 and 2022.

The global leading companies in Piezoelectric Devices market are D US Eurotek, Piezomechanik, Piezo Solutions, Piezosystem Jena, Morgan Advanced Materials, APC International, Exelis, Physik Instrumente, CeramTec, Piezo Systems among others.

Global Piezoelectric Devices market share by region as following:

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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