Lead free Piezoelectric Ceramic Material Market Growth, Trend, Opportunities and Research Methodology by 2030
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Rising sales of consumer electronics in developing countries such as India, China, and Thailand is key factor driving market revenue growth
VANCOUVER, BC, UNITED STATES, May 16, 2022 /EINPresswire.com/ -- The global lead-free piezoelectric ceramic material market size is expected to reach USD 710.0 Million in 2030 and register a revenue CAGR of 16.3% over the forecast period, according to latest analysis by Emergen Research. Increasing significance of automated manufacturing processes with higher efficiency and short production times is one of the key factors expected to support market revenue growth between 2022 and 2030. Lead-free piezoelectric ceramic materials have a high degree of stiffness and capacity to change shape when subjected to mechanical stress, they are now widely employed in manufacturing of electronic goods such as transducers, actuators, generators, SONAR, sensors, and motors. This is another factor expected to drive market revenue growth over the forecast period. Furthermore, increased demand for photovoltaic cells in developed countries such as the U.S. and Germany is likely to boost demand over the forecast period due to legislative assistance pertaining to Feed-in-Tariff (FiT).
Lead-free piezoelectric ceramic materials, particularly quartz, which has ability to generate thousands of volts of electricity, are used in a variety of applications. Electric cigarette lighter is one of the most common applications of lead-free piezoelectric ceramic materials. Sonar wave detection and generation devices, contact microphones and pick-ups on electric guitars, ultrasound machines, vehicle engine management systems, diesel engine fuel injectors, loudspeakers, and quartz clocks are other examples. Rising demand for these products is expected to drive global lead-free piezoelectric ceramic materials market revenue growth to a significant extent during the forecast period.
The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years.
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The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Major companies in the global market report include KYOCERA Corporation, Sumitomo Chemical Co., Ltd., PI Ceramic GmbH, Zibo Yuhai Electronic Ceramic Co., Ltd, Fuji Ceramics Corporation, NGK Spark Plug Co., Ltd., Noritake Co., Limited, Kemet Corporation, Seiko Epson Corporation, and Canon Inc.
Highlights from the Report
Barium titanate base segment accounted for the largest revenue share in 2021. Barium titanate is a white powder that is made up of an inorganic chemical compound. It is a ferroelectric ceramic chemical compound that is also piezoelectric. In its purest form, barium titanate can be utilized as an electrical insulator. The compound is utilized as a dielectric ceramic material in capacitors. It is also utilized in microphones and other transducers as a piezoelectric due to its ferroelectric, exceptional dielectric, pyroelectric, piezoelectric, and electro-optical characteristics.
Industry & manufacturing segment revenue is expected to register a significant growth rate during the forecast period. Lead-free piezoelectric ceramics are utilized in actuators, sensors, positioners, and other applications. Lead-free piezoelectric ceramic materials are widely used in the manufacturing industry as they play an important role in a variety of processes that save time and money, such as welding automation systems for cutting metals, plastics processing equipment for injection molding machines, and so on.
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The report studies the historical data of the Lead free Piezoelectric Ceramic Material Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
Emergen Research has segmented the global lead-free piezoelectric ceramic material market on the basis of product type, application, and region:
Product Type Outlook (Revenue, USD Million; 2019–2030)
Barium Titanate Base
Bismuth Titanate Sodium Group
Niobium Acid-Base
Others
Application Outlook (Revenue, USD Million; 2019–2030)
Industry & Manufacturing
Automotive Industry
Consumer Electronics
Medical
Others
Key geographical areas:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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