![]() Piezoelectric composite expected to hold the second highest CAGR of the piezoelectric devices market during forecast period Piezoelectric motors account for a significant market share. In piezoelectric motors, the piezoelectric ceramic element receives an electrical signal and then applies directional force to an opposing ceramic plate, resulting in the movement of the rotor in the desired direction. A piezoelectric motor operates on the reverse piezoelectric effect, where electric power is continuously converted into mechanical energy with the rotation of the rotor. The growth of the piezoelectric devices market in Asia Pacific is attributed to the active participation of governments in energy harvesting projects, rapid urbanization and industrialization, increased GDP of emerging markets such as China, South Korea, and political support to expand the manufacturing sector in developing countries in the region.Īsk for PDF Brochure market for piezoelectric motor segment to grow at the significant CAGR during the forecast period.Ī piezoelectric motor is a device that generates motion when a piezoelectric material changes its shape due to an electric field. The piezoelectric devices market in Asia Pacific has been studied for China, Japan, South Korea, and Rest of Asia Pacific Asia Pacific is the fastest-growing piezoelectric devices market owing to the ongoing technological innovations and expanding industrial and manufacturing sector in emerging countries in the region. Piezoelectric devices market in Asia Pacific estimated to grow at the fastest rate during the forecast period ![]() The increasing adoption of piezoelectric products in the aerospace & defence, healthcare and automotive industry, are among factors that contribute to the growth of the piezoelectric devices market. The piezoelectric devices market is valued at USD 32.7 billion in 2023 and is projected to reach USD 46.0 billion by 2028, growing at a CAGR of 7.0% from 2023 to 2028. Chicago, J(GLOBE NEWSWIRE) - The Piezoelectric Devices Market by Product (Sensors, Actuator, Motor, Generator, Transducer, Transformers, Resonator), Material (Polymer, Crystal, Ceramic, Composites), Element (Discs, Rings, Plates), Application and Region - Global Forecast to 2028 ". ![]()
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