Piezoelectric Proportional Valve Market Opportunities And Threats.
Piezoelectricity or piezoelectric effect refers to generating electric charge as a result of mechanical stress, vibrations, or heat. Piezoelectric effect has one unique characteristic of reversible effect. That is, when stress is applied it generates electricity, and when electric field is applied it generates stress.
In addition, Piezo valves make minimal noise, generate very little heat, and are highly accurate, which makes them ideal for application in healthcare devices.
Low power consumption ability of piezoelectric proportional valve is expected to propel the market growth over the forecast period. Low heat, low current requirement, and flat design of piezoelectric valves enables easy integration in compact electronic packages.
High cost of piezoelectric valves is one of the major factors restraining growth of the global piezoelectric proportional valves market. Piezoelectric valves require high initial voltage to operate (up to 300 volts) is another factor which is expected to hamper the growth of the market
Automotive and industrial sector, etc. 0–2.0 bar type valves are designed to enable enhanced flow control, especially for inert gases. These valves can typically be used in applications where flow rate reaches up to 50 SLPM, and maximum 1.5 Watts at room temperature.
The market in Europe is expected to dominate the global piezoelectric proportional valve market, and it accounts for largest market revenue over US$ 215 million in 2017 as compared to that of markets in other regions.
Asia Pacific is expected to be fastest growing region. increasing infrastructural developments in countries in the region, coupled with rising demand for better healthcare technologies is expected to drive the market growth over the forecast period.
In North America, controlled drug delivery systems (CDDS) are the essential equipment used in hospitals and medical facilities to administer appropriate dosage of drugs to patients.
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