9/22/2023 0 Comments Piezoelectric motor![]() ![]() Also, the MEA and South and Central America are contributing significantly to the market growth. North America is substantially contributing to the piezoelectric actuators and motors market owing to the presence of various established industries in the region. The market growth in Europe is attributed to the significant use of piezoelectric actuators and motors in the automobile industry. In 2020, Asia Pacific held the largest revenue share of the market owing to the rapid industrialization taking place in the region. ![]() The global piezoelectric actuators and motors market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. Thus, the increasing adaptability of piezoelectric actuators and motors in the automotive sector is driving the piezoelectric actuators and motors market across the globe. Moreover, piezoelectric actuators are finding applications in the braking systems of electric vehicles. Also, piezoelectric actuators have been largely used by automobile companies, specifically in the suspension system and seat adjustment controls of vehicles. Further, the additional application of piezoelectric has been witnessed in fuel pumps, high-speed valves, keyless door entry, seat belt buzzers airbag sensors, airflow sensors, and tire pressure sensors, among others. This has resulted in increased fuel efficiency of commercial and passenger vehicles, with less carbon emission. With the help of this technology, the fuel injection accuracy has increased, and the injector leakage has reduced significantly, compared to the conventional technologies. Also, piezoelectric technology is being widely used in fuel injectors. ![]() Piezoelectric actuators convert an electrical signal into mechanical movement hence, they are widely used for adjusting mirrors, lenses, and other automotive parts. The rising application of piezoelectric actuators and motors in automotive systems is fostering market growth globally. Get Exclusive Sample Pages of Piezoelectric Actuators and Motors Market - COVID-19 Impact and Global Analysis with Strategic Insights at The acquisition was completed on February 25th, 2021. In March 2021, PI (Physik Instrumente), the technology leader for piezo applications and high precision positioning technology has acquired the Japanese company P The companies mentioned above are collectively holding a significant share in the market. and PIEZOMOTOR UPPSALA AB are a few key players profiled in the study of the piezoelectric sensors and motors market. TDK Corporation PI (PHYSIK INSTRUMENTE) L.P. Johnson Electric Holdings Limited Microfine Materials Technologies PTE LTD Piezo Electric Technology CO., LTD. Piezoelectric Actuators and Motors Market: Competitive Landscape and Key DevelopmentsĪPC International, LTD. 27, 2021 (GLOBE NEWSWIRE) - Piezoelectric Actuators and Motors Market: Key InsightsĪccording to our new research study on “Piezoelectric Actuators and Motors Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, and Geography,” The global Piezoelectric Actuators and Motors Market is expected to grow from US$ 14,547.86 million in 2021 to US$ 24,752.20 million by 2028 it is estimated to grow at a CAGR of 7.9% from 2021 to 2028. ![]()
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