Wilmington, Delaware, April 25, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Piezoceramic Plates Market by Thickness (Below 5, 5 to 10, Above 10 (in mm)), and Application (Sensor and Actuators, Energy Harvesting, Medical Device, Industrial Applications, and Consumer Electronics): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global piezoceramic plates market was valued at $2 billion in 2022, and is projected to reach $3.9 billion by 2032, growing at a CAGR of 6.8% from 2023 to 2032.
Download Research Report Sample & TOC:
https://www.alliedmarketresearch.com/request-sample/A246404
(We are providing report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and COVID-19 Impact Analysis)
- 96 – Tables
- 54 – Charts
- 253 – Pages
Prime determinants of growth
The piezoceramic plates market analysis is expected to expand significantly during the forecast period owing to high piezoelectric activity and high permittivity, and ease of fabricating piezoceramic plates of various sizes, shapes, and requirement. In addition, the piezoceramic plates market is anticipated to benefit from rise in demand for piezoelectric devices in developing applications, and consumer electronics adopting piezoceramic plates for various applications, during the forecast period. On the contrary, the piezoelectric ceramics have low Curie temperature restrains piezoceramic plates market growth during the forecast period.
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2032 |
| Base Year | 2022 |
| Market Size in 2022 | $2.0 billion |
| Market Size in 2032 | $3.9 billion |
| CAGR | 6.8% |
| No. of Pages in Report | 253 |
| Segments covered | Thickness (in mm), Application, and Region. |
| Drivers | High piezoelectric activity and high permittivity Ease of fabricating piezoceramic plates of various sizes, shapes, and requirement |
| Opportunities | Rise in demand for piezoelectric devices in developing applications Consumer electronics adopting piezoceramic plates for various applications |
| Restraints | Piezoelectric ceramics have low Curie temperature |
The above 10 segment to maintain its leadership status throughout the forecast period.
Based on thickness (in mm), the above 10 segment held the highest market share in 2022, accounting for more than half of the global piezoceramic plates market revenue, and is estimated to maintain its leadership status throughout the forecast period, as it is known for its small size & flexibility, and is widely used in cameras, for industrial end users and in consumer electronics sector.
The sensor and actuators segment to maintain its leadership status throughout the forecast period.
Based on application, the sensor and actuators segment held the highest market share in 2022, accounting for more than one-fifth of the global piezoceramic plates market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the consumer electronics segment is projected to manifest the highest CAGR of 9.8% from 2023 to 2032 due to increase in electrical appliances, smartphones and others.
Get Customized Reports with your Requirements: https://www.alliedmarketresearch.com/request-for-customization/A246404
Asia-Pacific to maintain its dominance by 2032.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly half of the market revenue. This region is expected to witness the fastest CAGR of 7.2% from 2023 to 2032, owing to the increase in automotive, consumer electronics, and medical devices, is driving the demand for thinner, higher performance piezoceramic plates that can provide faster actuation, more accurate positioning, and greater energy harvesting capabilities to power miniature devices, while advancements in piezoceramic material compositions and nanofabrication techniques are opening up new applications.
Key Developments/ Strategies
- In June 2022, CTS Corporation announced the acquisition of Ferroperm Piezoceramics from Meggitt PLC for 525 million Danish Krone in cash, subject to usual net debt and working capital adjustments and other terms and conditions of the definitive share purchase agreement.
Leading Market Players: -
- Annon Piezo Technology Co.,Ltd.
- APC International, Ltd.
- CTS Corporation
- Fuji Ceramics
- Corporation
- Harbin Core Tomorrow Science and Technology Co., Ltd.
- Kyocera Corporation.
- Physik Instrumente (PI) GmbH & Co. KG.
- Sparkler Ceramics Pvt. Ltd.
- Steminc
- TDK Corporation
Inquiry before Buying:
https://www.alliedmarketresearch.com/purchase-enquiry/A246404
The report provides a detailed analysis of these key players of the global piezoceramic plates market. These players have adopted different strategies such as product development, and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the piezoceramic plates market analysis from 2022 to 2032 to identify the prevailing piezoceramic plates market opportunity.
- 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 plates market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the piezoceramic plates market forecast.
- 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 plates market trends, key players, market segments, application areas, and piezoceramic plates market outlook.
Procure Complete Report (253 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/piezoceramic-plates-market
Piezoceramic Plates Market Key Segments:
By Thickness in (mm)
- 5 to 10
- Above 10
- Below 5
By Application
- Sensor and Actuators
- Energy Harvesting
- Medical Device
- Industrial Applications
- Consumer Electronics
By Region:
- North America (U.S., Canada, and Mexico)
- Europe (UK, Germany, France, Russia, and Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific)
- Latin America (Brazil, Argentina, and Rest of Latin America)
- Middle East and Africa (UAE, Saudi Arabia, and Rest of Middle East and Africa)
Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model)
https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Trending Reports in Semiconductor and Electronics Industry:
Bipolar Plates Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application and by End Use Industry: Opportunity Analysis and Industry Forecast, 2023-2032
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
Piezoceramic Spheres Market was valued at $208.1 million in 2022, and is projected to reach $412.9 million by 2032, growing at a CAGR of 7.1% from 2023 to 2032.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
