The North America Piezoelectric Devices Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
The successful use of piezoelectric materials for sustainable construction and building development depends not only on an understanding of the mechanism of the piezoelectric characteristics of various building components but also on the construction industry's most recent advancements and implementations. The increasing usage of these devices is attributed to various factors, such as a methodical manner and the efforts made to create novel construction materials along with high piezoelectricity as well as energy storage capacity.
Recently, a number of methods have been developed for using piezoelectric materials in energy harvesters, sensors, and actuators for a variety of building systems. With innovative techniques for enhancing the piezoelectricity of cementations and applying piezoelectricity to various building functions, more sustainable and renewable building systems are anticipated.
Piezoelectricity is a phenomenon that indicates a link between the material's electrical and mechanical states. A current will run and charge the faces of a piezoelectric material when it is mechanically deformed, such as compressed. It will be distorted when subjected to an electrical field, and vice versa. In addition to these materials, there are several more that display piezoelectric capabilities, including sucrose, Rochelle salt, silk, PVDF, and numerous ceramics.
One of the major factors that are bolstering the growth of the regional piezoelectric market is the highly robust automotive industry of the region. The automotive sector encompasses the production, wholesale distribution, retail sale, and maintenance of motor vehicles. According to the United States Department of Treasury, during the financial crisis, TARP began several initiatives to address the state of the American auto industry. Due to this, the focus of regional government on strengthening the automotive industry has increased in the recent years. Therefore, the robust, as well as the growing automotive industry in the region, would augment the growth of the regional piezoelectric devices market.
The US market dominated the North America Piezoelectric Devices Market by Country in 2021; thereby, achieving a market value of $8,987 Million by 2028. The Canada market is experiencing a CAGR of 7.9% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 7% during (2022 - 2028).
Based on Element, the market is segmented into Piezoelectric Discs, Piezoelectric Rings, and Piezoelectric Plates. Based on Application, the market is segmented into Aerospace & Defense, Industrial & Manufacturing, Information & Communication, Healthcare, Consumer Electronics, Automotive, and Others. Based on Material, the market is segmented into Piezoelectric Ceramics, Piezoelectric Polymers, Piezoelectric Crystals, and Piezoelectric Composites. Based on Product, the market is segmented into Piezoelectric Actuators, Piezoelectric Transducers, Piezoelectric Generators, Piezoelectric Motors, Piezoelectric Sensors, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Piezoelectric Devices Market is Predict to reach $43.6 Billion by 2028, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Physik Instrumente (PI) GmbH & Co. KG, Piezo Technologies (Amphenol Corporation), Aerotech, Inc., Mad City Labs, Inc., CeramTec GmbH, APC International, Ltd., Piezosystem Jena GmbH, Dytran Instruments, Inc. (Spectris PLC), CTS Corporation and Kistler Group (Kistler Holding AG)
By Element
By Application
By Material
By Product
By Country
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