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Piezoelectric Motor Market is Poised to Expand at a CAGR Value of over 4% During Forecast Period 2021-2031
Piezoelectric Motor Market
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Piezoelectric Motor. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Piezoelectric Motor Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Piezoelectric Motor market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Piezoelectric Motor
This newly published and insightful report sheds light on Market Insights of Piezoelectric Motor, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Piezoelectric Motor Market.
Key Segments of the Piezoelectric Motor Market
Fact.MR’s study on the piezoelectric motor market offers information divided into four important segments-product, end use industry, operating force/torque, and regional analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
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Product
Standard LPM
Non-magnetic LPM
Vacuum LPM
Standard RPM
Non-magnetic RPM
Vacuum RPM
End-Use Industry
Micro Positioning Stages
Medical & Lab Automation Equipment
Automotive, Aerospace & Defence
Robotics & Factory Automation
Optics & Photonics
Instrumentation
Operating Force/Torque
0-20 N
20-150 N
150 - 225 N
Above 225 N
Below 10 mNm
10 - 25 mNm
Above 225 mNm
Region
North America
Latin America
Europe
Japan
APEJ
MEA
LPM: Linear Piezoelectric Motor
RPM: Rotary Piezoelectric Motor
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Application areas such as robotics and factory automation in various industries have resulted in the high demand growth of piezoelectric motors. The robotics and factory automation segment, combined, are estimated to witness an absolute dollar opportunity of US$ ~27 Mn between 2020 and 2030.
Additionally, medical equipment and device manufacturers are rapidly moving towards the adoption of piezoelectric motors vis-a-vis electromagnetic motors. These include surgical devices, 3D scanners, MRI compatible robotics, ultrasonic emitters, drug delivery devices, laser beam steering, and devices used in dermatology, cosmetology, and ophthalmology.
Key Takeaways of Global Piezoelectric Motor Market Study:
The linear piezoelectric motor market is growing at a significant rate and is projected to witness an absolute dollar opportunity of US$ 96 million during the forecast period.
Piezoelectric motors are gaining traction over electromagnetic motors, as piezoelectric motors offer various advantages such as high operability in vacuum environments suitable for aerospace, semiconductors & electronics sector.
North America is projected to be the most prominent region for piezoelectric motors, estimated to account for more than 25% market share. However, due to the rapid spread of coronavirus in the United States, the market growth for piezoelectric motors shall be impacted in the short-term.
Optics and photonics segment is anticipated to gather momentum due to increase in the application of piezoelectric motors in cameras, telescope, and microscopes. The segment will witness an absolute dollar opportunity of US$ 30 Mn between 2020 and 2030.
“Prominent players are implementing ingenious techniques to achieve increased power density, yet higher upfront costs still pose a challenge to market growth”, says the Fact.MR analyst.
Cost-effectiveness to be the Key Tenet of Stakeholders in the Piezoelectric Motor Market
Today, the piezoelectric motors have become a mainstream element in industrial and commercial applications.
With continuous advancements in technology, the piezoelectric motor industry has bolstered new capabilities within the nano- and micro-positioning space. The leading players in the piezoelectric motor market are focusing on product innovation to meet the needs of various sectors such as medical, automotive, robotics and other sectors.
For instance, in 2019, Physik Instrumente (PI) GmbH & Co. KG launched its piezoelectric linear motor for robotic applications thus giving an impetus to its demand. That same year, Portecap launched rotary piezoelectric motor for the smart bone orthopedic applications. Innovations have allowed these companies to expand their global reach in the piezoelectric motor market.
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Key Question answered in the survey of Piezoelectric Motor market report:
Sales and Demand of Piezoelectric Motor
Growth of Piezoelectric Motor Market
Market Analysis of Piezoelectric Motor
Market Insights of Piezoelectric Motor
Key Drivers Impacting the Piezoelectric Motor market
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Restraints Shaping Market Growth
Market Survey of Piezoelectric Motor
More Valuable Insights on Piezoelectric Motor Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Piezoelectric Motor, Sales and Demand of Piezoelectric Motor, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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