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The piezoelectric market size is forecast to increase by USD 9.87 billion at a CAGR of 5.27% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for energy-efficient solutions and the expanding utilization of piezoelectric nanomaterials in electronic devices. Single crystals and textured ceramics, such as PZT ceramic materials and polyvinylidene fluoride (PVDF), are key components in the production of piezoelectric motors, composite materials, and transducers. However, the high cost and complexity in manufacturing processes pose challenges to market growth. Research institutions, like the University of Leeds, are exploring alternative, less toxic materials, such as potassium sodium bismuth, to mitigate the environmental concerns associated with lead toxicity in traditional piezoelectric materials. The automation systems industry is a major consumer of piezoelectric components, driving market demand.
Piezoelectric transducers are essential in various applications, including sensors, actuators, and energy harvesting systems.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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