Comprehensive Report on Piezoceramic Elements Market Set Huge Growth by 2021-2026 | CTS, TRS, TDK, MSI, APC

The global Piezoceramic Elements market size is projected to grow in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Piezoceramic Elements costs and increasing production and growing capacity in Chemical industry, and healthy growth of pharmaceutical and food & beverage industry in developing countries, are supporting the growth of the Piezoceramic Elements market.

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Piezoceramic elements are isotropic. The coefficient of expansion is approximately linear at a temperature coefficient of approx 2 × 10-6 / K. The preferred orientation of the domains in a polarized PZT body leads to anisotropy, which is the cause of the varying thermal expansion behavior.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Pandemic impact on the Global Piezoceramic Elements Market:

1 The Piezoceramic Elements industry experienced decline in sector during the COVID-19 pandemic. This is attributed to the sharp decrease in chemical, pharmaceutical, automotive, and industrial sectors.

2 Manufacturing companies has prolonged closure of all its operations at its workplaces and manufacturing areas, until reopening instructions received from the government authorities.

3 In addition, due to reduction in labours in light of social distancing norms amid the COVID-19 pandemic, the Piezoceramic Elements industry witnessed significant decrease in the production.

4 At the end of 2019, COVID-19 began to erupt in China, Due to the huge decrease of global economy; we forecast the growth rate of global economy will show a decrease of about 4%, due to this reason, Piezoceramic Elements market size in 2020 will be lower than in previous years.

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Piezoceramic Elements Market Players:

KYOCERA
Johnson Matthey
PI Ceramic GmbH
Harris
Fuji Ceramics Corporation
Piezo Technologies
CTS Corporation
TRS Technologies, Inc
Meggitt Sensing
TDK Corporation
MSI Tranducers
APC International
Piezo Kinetics
Sparkler Ceramics
Weifang Jude Electronic

Product Type Segmentation:

Lead Zinc Titanates Based
Lead Magnesium Niobate Based

Industry Segmentation:

Industrial & Manufacturing
Automotive
Consumer Electronics
Medical
Military

Segmentation by Regions:

The research report includes a detailed study of regions of North America, Europe, China and Japan. The report has been given after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2026.

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Top Industry News:

CTS Corporation Awarded $1.5 Million Office of Naval Research Grant To Develop Next Generation Piezoelectric Single Crystal Materials on 26 February, 2021 -- CTS Corporation (NYSE: CTS) has been awarded grant funding for the “Development of New Crystal Compositions with Improved Properties” from the Office of Naval Research (ONR). The total multi-year funding amount is over $1.5 million. The award will enable CTS to develop the next generation piezoelectric single crystal materials.

CTS is the global leader in the development and commercialization of PMN-PT and PIN-PMN-PT piezoelectric single crystals. Both crystals have been widely adopted in premium medical ultrasound imaging probes enabling 3D ultrasound technology and next-generation underwater sonar transducers. To further expand the penetration of PMN-PT based piezoelectric single crystals beyond medical imaging into higher-volume applications in the defense and industrial markets, applicable properties of PMN-PT based single crystals need to be improved. The ONR award provides CTS the opportunity to further develop the next-generation crystal compositions with desired properties for targeted market penetration.

This project builds upon CTS’ expertise in the successful development of legacy PMN-PT and PIN-PMN-PT single crystals. CTS continues to improve its leading position in single crystals commercialization and global market penetration.

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