According to the report published by Allied Market Research, the global piezoelectric materials market generated $1.4 billion in 2021, and is projected to reach $2.5 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Piezoelectric
hemispheres are an enthralling and adaptable class of materials with
distinct electrical and mechanical properties. These small, spherical
materials can be made out of a variety of piezoelectric crystals and
ceramics, such as quartz, lead zirconate titanate (PZT), and barium
titanate. They are used in a variety of industrial and scientific
applications, including ultrasound imaging, precision positioning and
control systems, vibration sensors, piezoelectric transducers, and
acoustic transducers. When subjected to mechanical stress, such as
pressure, bending, or vibration, piezoelectric hemispheres can generate
an electric charge or voltage, and they can also exhibit the reverse
piezoelectric effect, in which applying an electric field causes them to
deform or move.
The growth of global piezoelectric hemispheres
is majorly driven by the surge in demand for piezoelectric hemispheres
in medical and industrial applications coupled with the rise in the
adoption of piezoelectric hemispheres in automotive. Moreover, rapid
advancements in technology across various sectors are expected to drive
market growth. However, the high risk associated with data privacy and
security-related concerns is acting as a prime restraint of the global
market. On the contrary, the rise in demand for non-invasive medical
imaging and diagnostics is anticipated to provide lucrative
opportunities for the Piezoelectric hemispheres industry during the
forecast period.
𝐃𝐨 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @ https://www.alliedmarketresearch.com/purchase-enquiry/A53692
The
decline in growth in manufacturing solutions has significantly impacted
the demand for piezoelectric hemispheres solutions during the pandemic.
Further, the lack of availability of a professional workforce due to
the partial and complete lockdown implemented by governments across the
globe has restrained the growth of the piezoelectric hemispheres market
during the pandemic. However, the growing interest in energy harvesting
technologies to power wireless devices and sensors creates new
opportunities for piezoelectric hemispheres and is expected to drive the
growth of the piezoelectric hemispheres market during the forecast
period.
By type, the ceramic segment dominated the piezoelectric
hemispheres market trends in 2030 and is expected to dominate the market
during the forecast period. Based on, the end-use industry, the
healthcare segment accounted major share of global piezoelectric
hemispheres industry trends, owing to a surge in demand from emerging
markets globally. By application, the market is analyzed across energy
harvesting, acoustic sensors, medical devices, industrial automation,
and others. The medical devices segment accounted for a prime share in
the piezoelectric hemispheres market forecast. Region-wise, Asia-Pacific
holds a significant share of the global piezoelectric hemispheres
market, owing to the presence of prime players in this region. China
dominated the piezoelectric hemispheres market in the Asia-Pacific
piezoelectric hemispheres market. The rise in investment by prime
players and government agencies to develop next-generation healthcare
and industrial automation systems has led to the growth of the
piezoelectric hemispheres market.
Report key highlighters
- The value of the piezoelectric materials market is analyzed in millions.
- The piezoelectric materials market is consolidated in nature with few players such as Arkema S.A., CeramTec GmbH, and Johnson Matthey which hold a significant share of the market.
- Countries such as China, the U.S., Japan, Germany, and Brazil hold a significant share of the global piezoelectric materials market.
- Factors such as escalating demand for piezoelectric materials from healthcare, automotive, and other sectors are the major drivers for the market during the forecast period.
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The leading players operating in the global piezoelectric materials market include Arkema S.A., CeramTec GmbH, Johnson Matthey, PI Ceramic GmbH, Piezo Kinetics, Inc, Piezomechanik Dr. Lutz Pickelmann GmbH, Solvay, Sparkler Ceramics Pvt. Ltd., TDK Electronics AG, and TRS Technologies, Inc. The global piezoelectric materials market report provides an in-depth competitive analysis as well as profiles of these major players.
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