Piezoelectric actuators are devices that convert electrical energy into mechanical motion through the piezoelectric effect, where certain materials (like ceramics or crystals) deform when subjected to an electric field. These actuators find applications in various industries due to their precise control, quick response times, and ability to generate high forces.
According to the new market research report “Piezoelectric Actuators- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Piezoelectric Actuators market size is projected to reach USD 1.31 billion by 2030, at a CAGR of 4.6% during the forecast period.
- Global Piezoelectric Actuators MarketSize(US$ Million), 2019 VS 2024 VS 2030
Source: QYResearch, "Piezoelectric Actuators- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Industries such as semiconductor manufacturing, optics, and medical devices require increasingly smaller and more precise components. Piezoelectric actuators meet this demand due to their high resolution and fast response times.
Continuous advancements in materials science and manufacturing processes have improved the performance and reliability of piezoelectric actuators, expanding their applications.
Piezoelectric actuators are inherently energy-efficient because they do not require continuous power to maintain position (unlike electromagnetic actuators). This makes them attractive in applications where energy consumption is a concern.
- Global Piezoelectric Actuators Top10Players Ranking and Market Share(Continually updated)
Source: QYResearch, "Piezoelectric Actuators- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Piezoelectric Actuators include Physik Instrumente (PI) Group, TDK Corporation, Murata Manufacturing, KEMET (TOKIN Corporation), CTS (Noliac), TAIYO YUDEN, Johnson Matthey, Piezosystem Jena, APC International (Schneider Electric), Kinetic Ceramics, etc. In 2023, the global top 10 players had a share approximately 78.0% in terms of revenue.
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