US Piezoelectric Devices Market Growth, Opportunity, Size, Share and Forecast 2019-2025

US piezoelectric devices market is expected to grow at a CAGR of around 4.5% during the forecast period. Well established electronic industry and emerging demand for electric vehicles in the country is supporting the market dominance of the US in piezoelectric devices. Additionally, electronic components are widely used in renewable energy storage devices. Piezoelectric devices are being tested to harness the electric energy from the kinetic energy of winds and waves. Some of the electronic devices based on renewable energy are solar chargers for smartphones and landlines, charging devices for marine equipment and others.

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According to the International Energy Agency (IEA), the US remains one of the largest growing markets for renewable energy storage devices. Government policies are also favoring the market for renewable energy storage devices in order to transform the electronics industry towards green technology. Owing to energy-efficient and sensor-enabled products, the demand for piezoelectric devices has been growing in the region. According to the Environmental and Energy Study Institute, the US is one of the leading markets for electric vehicle sales. Companies are also diversifying their manufacturing facilities towards the electric vehicle segment.

Thus, the significant growth in the electric vehicle market is estimated to deliver promising growth in the application of piezoelectric devices in the automotive industry. This in turn, is augmenting the market growth for piezoelectric devices.

Key players in the market include CTS Corp., CeramTec Holding GmbH, and Harris Corp. To survive in the market, the market players are adopting several strategies, such as product launches, geographical expansion, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in June 2018, CTS Corp. unveiled the development of 5x5mm piezoelectric multilayer plates. These new plates would find its applications in place of fast positioning, pulse generation and active vibration damping.

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US Piezoelectric Devices Market Segmentation

By Application
o Aerospace
o Automotive
o Healthcare
o Industrial and Manufacturing
o Communication
o Military and Defense
o Others

By Material
o Naturally Occurring Crystal
o Synthetic Derived Material
o Ceramics
o Polymer
o Composite

By Product
o Actuators
o Longitudinal Actuators
o Acoustic Devices
o Motors
o Transducers
o Generators
o Resonators
o Sensors

Company Profiles
o Kinetic Ceramics, Inc.
o Mad City Labs, Inc.
o Omega Piezo Technologies, Inc.
o US Eurotek, Inc.
o Harris Corp.
o Kyocera Group
o Physik Instrumente (PI) GmbH & Co. KG
o Piezocryst Advanced Sensorics GmbH
o Sparkler Ceramics Pvt. Ltd.
o Vesper Technologies, Inc.

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