Allied Market Research published a report on the Piezoceramic Discs Market by Type (Below 10mm, 10mm to 50mm, Above 50mm), by Application (Sensor and Actuators, Energy Harvesting, Medical Device, Industrial Applications, Consumer Electronics): Global Opportunity Analysis and Industry Forecast, 2023-2032.
The global piezoceramic discs market was valued at $2.9 billion in 2022, and is projected to reach $5.4 billion by 2032, growing at a CAGR of 6.6% from 2023 to 2032.
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Piezoceramic discs are efficient devices that transform electrical energy into mechanical energy and vice versa. They are small, light, and thin. They are constructed of piezoelectric materials, which may deform when an electric field is given to them or create an electric charge when mechanically deformed. The applications of piezoceramic discs range from sensors to actuators to transducers.
Additionally, piezoceramic materials and piezoceramic sensors are utilized in medical equipment including pacemakers and ultrasonic transducers. Further, the rise in demand for advanced medical technologies continues and is expected to propel the growth of piezoceramic discs solutions.
The growth of global piezoceramic discs is majorly driven by the increasing adoption of piezoelectric devices for application paired with the growing demand for piezoelectric sensors and actuators from various end-use industries. Moreover, the rising demand for piezoelectric inkjet print heads from the printing industry is expected to drive market growth. However, the high cost of raw materials for piezoceramic discs is acting as the prime restraint of the global market. On the contrary, the rising demand for piezoelectric devices in developing applications is anticipated to provide lucrative opportunities for the piezoceramic discs industry during the forecast period.
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Competitive Analysis:
The piezoceramic discs industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market’s strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the global piezoceramic discs industry include,
- PI Ceramic
- Murata
- TDK
- Taiyo Yuden
- Sparkler Ceramics
- CeramTec
- Fuji Ceramics Corporation
- Physik Instrumente (PI)
- Micromechatronics Inc.
- American Piezo Ceramics, Inc.
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international piezoceramic discs market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
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Key Benefits for Stakeholders:
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the piezoceramic discs market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global piezoceramic discs market trends, key players, market segments, application areas, and market growth strategies.
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