Piezoelectric Actuators Market on Track for Strong Growth, Estimated to Grow at 6.7% CAGR Through 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Is the Expected CAGR for the Piezoelectric Actuators Market Through 2025?_x000D_
There has been substantial growth in the size of the piezoelectric actuators market in the past few years. It's projected that the market will expand from being worth $1.86 billion in 2024 to $1.99 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. The market size expansion in the previous period is a result of an amplified requirement in robotics, sustainability-oriented initiatives by the government, a surge in the necessity for exactness in surgical tools and diagnostic instruments, an uptick in the need for precision control resolutions, and a rising demand in car applications._x000D_
_x000D_
What's the Projected Size of the Global Piezoelectric Actuators Market by 2029?_x000D_
The market size of piezoelectric actuators is projected to experience robust growth in the coming years. The market will expand to $2.58 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. The growth during the anticipated period can be linked to an increase in foreign investment, rising adoption rates of piezoelectric technology in nascent applications, smaller electronic components, greater consumer uptake, and expansion in the renewable energy sector. Key trends for the forecast period encompass the integration of medical devices, advancements in types of actuators, environmentally friendly materials, integration into the automotive sector, and enhancements in medical devices._x000D_
_x000D_
View the full report here: _x000D_
https://www.thebusinessresearchcompany.com/report/piezoelectric-actuators-global-market-report_x000D_
_x000D_
Top Growth Drivers in the Piezoelectric Actuators Industry: What's Accelerating the Market? _x000D_
The projected expansion in the automotive sector is anticipated to fuel the growth of the piezoelectric actuators market. The automotive sector includes the concepts, creation, production, promotion, and distribution of automobiles. The automotive sector's growth can be attributed to advancements in production technologies that allow for rapid manufacturing and the incorporation of innovative characteristics such as automation and lightweight materials. Piezoelectric actuators aid the automotive sector by providing precise control in systems such as fuel injection, active suspension, and advanced driver-assistance systems, thereby enhancing performance and efficiency. For instance, as reported by the European Automobile Manufacturers' Association (ACEA), a Belgium-based entity representing the interests of Europe's automotive sector, global automobile sales in 2024 rose to 74.6 million units, a 2.5% annual growth rate from 2023. Consequently, the growth in the automotive sector is spurring the expansion of the piezoelectric actuators market. The surge in renewable energy systems could also contribute to the piezoelectric actuator market's growth because of the growing demand for sustainable energy solutions. Renewable energy systems are technologies that produce energy or heat from renewable resources such as solar, wind, hydro, biomass, or geothermal. The growth of renewable energy systems is largely influenced by the pressing need to lower carbon emissions and tackle climate change. Piezoelectric actuators play a role in renewable energy systems by providing precision control and vibration damping in wind turbines, sun tracking systems, and energy capturing devices. For example, as per the U.S. Department of Agriculture (USDA), a US-based federal body that supervises national policies on agriculture, forestry, and food, renewable energy systems were utilized on 8% of U.S. farms and ranches (153,101 out of 1.9 million) in 2022. This indicates an upswing from the 7% adoption reported in the preceding five years. Consequently, the rise in renewable energy systems is propelling the growth of the piezoelectric actuators market._x000D_
_x000D_
Get your free sample here:_x000D_
https://www.thebusinessresearchcompany.com/sample.aspx?id=25460&type=smp_x000D_
_x000D_
What Trends Will Shape the Piezoelectric Actuators Market Through 2029 and Beyond?_x000D_
Leading players in the piezoelectric actuator market are undergoing efforts to create technologically advanced piezoactuators composed of RoHS-compliant lead zirconate titanate (PZT). This is in a bid to comply with environmental regulations, amplify performance accuracy, and satisfy the increasing need for sustainable and high-efficiency actuator solutions across various industry sectors. These modern piezoactuators are high-functioning equipment that employ sophisticated piezoelectric materials to deliver fast, accurate and energy-saving motion control in challenging applications. Case in point, TDK Corporation, an electronic component manufacturing firm based in Japan, unveiled two cutting-edge piezo actuators, COM30S5 (B58004M4030A020) and COM45S5 (B58004M4040A020), in July 2023. These devices incorporate RoHS-approved lead zirconate titanate (PZT) alongside internal copper electrodes. Notably, these actuators are sold as unencased, protected stacks, facilitating their application in a range of high-precision systems. Enhanced reliability is guaranteed by the inclusion of copper electrodes, which prevent complications such as silver migration that often occur in high-humidity settings with AgPd electrodes._x000D_
_x000D_
What Are the Main Segments in the Piezoelectric Actuators Market?_x000D_
The piezoelectric actuators market covered in this report is segmented - _x000D_
_x000D_
1) By Type: Multilayer Actuators, Multilayer Chip Actuators, Bulk Stacked Actuators, Shear Actuators, Amplified Actuators, Benders_x000D_
2) By Technology: Direct Piezoelectric Effect, Inversed Piezoelectric Effect, Piezoelectric Composites_x000D_
3) By Application: Valves, Printed Heads, Positioners, Optical Instruments, Scientific Instruments, Other Applications_x000D_
4) By End Use: Industrial Automation, Healthcare, Telecommunications, Defense_x000D_
_x000D_
Subsegments:_x000D_
1) By Multilayer Actuators: Piezo Ceramic Multilayer Actuators, Piezo Composite Multilayer Actuators_x000D_
2) By Multilayer Chip Actuators: Monolithic Multilayer Chip Actuators, Stacked Multilayer Chip Actuators_x000D_
3) By Bulk Stacked Actuators: Solid Bulk Stacked Actuators, Segmented Bulk Stacked Actuators_x000D_
4) By Shear Actuators: Single Crystal Shear Actuators, Polycrystalline Shear Actuators_x000D_
5) By Amplified Actuators: Flexure Amplified Actuators, Lever Amplified Actuators, Bridge Amplified Actuators_x000D_
6) By Benders: Unimorph Benders, Bimorph Benders, Multilayer Benders_x000D_
_x000D_
Tailor your insights and customize the full report here:_x000D_
https://www.thebusinessresearchcompany.com/customise?id=25460&type=smp_x000D_
_x000D_
Which Top Companies are Driving Growth in the Piezoelectric Actuators Market?_x000D_
Major Companies operating in the piezoelectric actuators market are TDK Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Festo SE & Co., CeramTec GmbH, Mouser Electronics Inc., Thorlabs Inc., CTS Corporation, Aerotech Inc., Physik Instrumente PI GmbH & Co KG, Matsusada Precision Inc., Cedrat Technologies, Dynamic Structures and Materials LLC, Steiner & Martins Inc., Xeryon, piezosystem jena GmbH, Noliac, PI Americas, Hansejohn Electronics Co. Ltd., PiezoDrive Pty. Ltd. _x000D_
_x000D_
Which Regions Will Dominate the Piezoelectric Actuators Market Through 2029?_x000D_
North America was the largest region in the piezoelectric actuators market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the piezoelectric actuators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
_x000D_
Purchase the full report today:_x000D_
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=25460_x000D_
_x000D_
"This Report Supports:_x000D_
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions._x000D_
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.