With the emergence and long-term Impact of COVID-19, Global Piezoelectric Devices Market to reach USD 51.51 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Piezoelectric Devices Market is poised to raise up to USD 51.51 Billion by 2030. Piezoelectric Devices are a form of dietary supplement that provides the benefits of fiber in a convenient and enjoyable gummy form. Dietary fiber is an essential component of a healthy diet and offers numerous health benefits. The Piezoelectric Devices are gaining popularity among people who manage to satisfy their daily fiber needs through food alone.
The increased awareness of the health advantages of dietary fiber, rising interest in protecting digestive health, and rising consumption of fiber-deficient diets are the key factors driving market expansion globally. Furthermore, the growing popularity of gummies among youngsters drives manufactures to develop new flavors and textures for their products.
Geographically, the global Piezoelectric Devices market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the substantial investments in research and development by leading manufacturers of piezoelectric devices, growing emphasis on energy efficiency, coupled with the ongoing advancements in piezoelectric materials, manufacturing techniques, and sensor technologies. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rising demand for piezoelectric sensors and actuators across diverse applications, rise in advancements in materials science and microfabrication techniques, as well as emergence of Industrial IoT (IIoT) and smart manufacturing are significantly propelling the market demand across the region.
The global Piezoelectric Devices market is highly competitive owing to the presence of several key market players such as Piezo System Jena, Murata, Morgan Advanced Materials, Mad City Labs, Inc., Poliak A/S, CTS Corporation and others.
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Key findings of the study suggest:
- Global Piezoelectric Devices Market is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2023-2030.
- In the Type segment, Ring emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the substantial investments in research and development by leading manufacturers of piezoelectric devices, growing emphasis on energy efficiency, coupled with the ongoing advancements in piezoelectric materials, manufacturing techniques, and sensor technologies.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Type:
- Disc
- Plate
- Ring
Application:
- Sensors
- Transducers
- Motors
- Actuators
- Others
Industry:
- Automotive
- Healthcare
- Aerospace & Defense
- Consumer Electronics
- Manufacturing
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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