9/21/2023 0 Comments Piezoelectric motor![]() ![]() Piezoelectric Motor Market Manufacturers’ Primary StrategiesĪs a global strategy, leading piezoelectric motor manufacturers are working in tandem with device manufacturers, so that application areas of piezoelectric motors can be widened. Piezoelectric motor manufacturers are strengthening regional footprints by engaging with local component suppliers. Countries like Japan, South Korea, China and Taiwan are early adopters of these motors, whereas India, Thailand and Indonesia are at embryonic stages of market development. Surgical equipment, diagnostic and imaging medical devices, analytical and scientific instruments, pick and place assemblies in industrial works spaces etc., are some of the rapidly growing application areas for piezoelectric motors in North America.Īsian markets for piezoelectric motors can largely be segregated into two clusters in terms of demand. This is fueled by the integration of advanced components by device makers to boost piezoelectric motor efficiency. ![]() North America leads the demand for piezoelectric motors. North America and Asia Pacific collectively account for about 60% of the global piezoelectric motors, and projected growth rates till 2030 are well over the global average. Share Specifics with Me Piezoelectric Motor Market: Regional Overview: The camera focus system and semiconductor testing requires precise mechanics, which results in better integration of piezoelectric motors. Piezoelectric motor efficiency, longer battery life and quiet operations are some of the advantages that piezoelectric ultrasonic motors provide. As alternatives to electromechanical motors for cameras and other miniature consumer applications, piezoelectric ultrasonic motors are becoming increasingly popular. Manufacturers are making the shift to piezoelectric motors in a wide range of applications requiring precision control. Piezoelectric motors have been used as a replacement to conventional electromagnetic motors, since the latter is exposed to mechanical failures. Over the past decade, a large number of new devices and equipment designed for industrial as well as consumer ecosystems used piezoelectric motors. Thus, in 2020, the medical & lab automation equipment segment is expected to contribute only one-fifth of the global revenue shares to reach a valuation of US$ 93 Mn by 2030 end.Īccording to Fact.MR, in the product category, standard linear piezoelectric motors is leading in the market and is estimated to grow at a CAGR of 3.8% through the forecast period. This, in turn, is poised to create abeyance in the global piezoelectric motor market.įurthermore, sales of piezoelectric motors are expected to remain stagnant in the medical sector. However, the COVID-19 outbreak has disrupted the demand for piezoelectric motors in almost every sector, especially piezoelectric motors in cars & consumer electronics. Miniaturization has necessitated the use of piezoelectric motors and the trend is likely to continue over the coming years. Miniaturization is a key trend across industry verticals, and is predominant with medical devices, automotive components, and consumer electronics. ![]() This is attributed to the growing trend of miniaturization and greater focus on piezoelectric working principles. The global piezoelectric motor market is poised to embark on a modest growth trajectory, expanding at a CAGR of over 4% in the forecast period (2020-2030). Global Piezoelectric Motor Market Overview: ![]()
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