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Increase In Preference For Piezoelectric Motors In New Industry Verticals Has Poised Demand During The Forecast Period 2022-2032

01-18-2022 06:21 AM CET | Industry, Real Estate & Construction

Press release from: Fact MR

Global Piezoelectric Motor Market Overview:
The global piezoelectric motor market is poised to embark on a modest growth trajectory, expanding at a CAGR of over 4% in the forecast period (2020-2030). This is attributed to the growing trend of miniaturization and greater focus on piezoelectric working principles.

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Miniaturization is a key trend across industry verticals, and is predominant with medical devices, automotive components, and consumer electronics. Miniaturization has necessitated the use of piezoelectric motors and the trend is likely to continue over the coming years.

However, the COVID-19 outbreak has disrupted the demand for piezoelectric motors in almost every sector, especially piezoelectric motors in cars & consumer electronics. This, in turn, is poised to create abeyance in the global piezoelectric motor market.

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Furthermore, sales of piezoelectric motors are expected to remain stagnant in the medical sector. Thus, in 2020, the medical & lab automation equipment segment is expected to contribute only one-fifth of the global revenue shares to reach a valuation of US$ 93 Mn by 2030 end.

Piezoelectric Motor Types Insights:
According to Fact.MR, in the product category, standard linear piezoelectric motors is leading in the market and is estimated to grow at a CAGR of 3.8% through the forecast period. Over the past decade, a large number of new devices and equipment designed for industrial as well as consumer ecosystems used piezoelectric motors. Piezoelectric motors have been used as a replacement to conventional electromagnetic motors, since the latter is exposed to mechanical failures.

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Piezoelectric Motor Applications
Manufacturers are making the shift to piezoelectric motors in a wide range of applications requiring precision control. As alternatives to electromechanical motors for cameras and other miniature consumer applications, piezoelectric ultrasonic motors are becoming increasingly popular.

Piezoelectric motor efficiency, longer battery life and quiet operations are some of the advantages that piezoelectric ultrasonic motors provide. The camera focus system and semiconductor testing requires precise mechanics, which results in better integration of piezoelectric motors.

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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.

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

Piezoelectric Motor Market Manufacturers’ Primary Strategies
As a global strategy, leading piezoelectric motor manufacturers are working in tandem with device manufacturers, so that application areas of piezoelectric motors can be widened. PI (Physik Instrumente), PiezoMotor Uppsala, Nanomotion Ltd., and SmarAct are some of the renowned players in the piezoelectric motor market.

The top ten companies in the global piezoelectric motor market are estimated to account for over half of the global piezoelectric motor supply worldwide. Increase in preference for piezoelectric motors in new industry verticals and heightened demand is poised to attract brownfield as well as Greenfield investments in the mid-term forecast period.

For More Insights- https://www.einpresswire.com/article/556336214/in-line-with-carbon-sequestration-and-water-retention-properties-of-biochar-drives-the-industry

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