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Piezoelectric Devices Market Worth 31.33 Billion USD by 2022PUNE, India, January 18, 2017 /PRNewswire/ -- According to the new market research report "Piezoelectric Devices Market by Material (Piezoceramics, Piezopolymers, Piezocomposites, Piezocrystals), Product (Actuators, Transducers, Motors, Sensors, Generators), Application (Industrial, Automotive, Healthcare, Consumer) - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to be worth USD 31.33 Billion by 2022, growing at a CAGR of 4.88% between 2016 and 2022. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 67 market data Tables and 48 Figures spread through 169 Pages and in-depth TOC on "Piezoelectric Devices Market" http://www.marketsandmarkets.com/Market-Reports/piezoelectric-devices-market-256019882.html Early buyers will receive 10% customization on this report. The driving factors for the growth of this market include increasing demand for piezoceramic devices, increased funding from government and investors, emerging energy harvesting techniques, rising demand in automotive sector, and growing popularity of miniaturization technology. Piezoceramic materials was the largest segment in terms of market size in 2015 Piezoceramics are the most widely used and commercially accepted piezoelectric material as they exhibit larger displacements or induce larger electric voltages than other conventional ceramic materials such as quartz, berlinite, and topaz. In addition, piezoceramic materials are cost-effective and can be easily tailored to meet the requirements of specific applications. Therefore, piezoceramics is the most preferred material for manufacturing piezoelectric devices. Owing to these properties, piezoceramic material held the largest size of the overall market based on material in 2015. Piezoelectric actuators expected to dominate the piezoelectric devices market during forecast Piezoelectric actuators offer benefits in terms of speed, size, reliability, resolution, and vacuum compatibility. In addition, emerging applications of piezoelectric actuators in microactuator medical tools for minimally invasive surgery, microgrippers in manufacturing microsized objects such as stents, and high-temperature actuators for diesel injector valves in automobiles are also expected to propel the growth of the market for piezoelctric actuators. Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=256019882 The market in APAC expected to grow at the highest CAGR during forecast period APAC is expected to hold the largest size of the Piezoelectric Device Market by 2022. APAC is the largest producer of piezocrystals as it produces around 2 billion piezocrystals every year. These piezocrystals have applications in consumer electronics. The market in APAC comprises developing economies such as China and India, which have huge potential for piezoelectric device applications. Some of the major factors that drive the demand for piezoelectric technologies in APAC include increase in adoption of portable electronics technology and growth in the digitalization and information and communication markets. The ongoing urbanization and increasing investment by the global healthcare solution providers in this region are also the major factors contributing to the high demand for the advanced medical solutions and surgical tools in which piezoelectric devices are used. Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=256019882 Major players in this industry include APC International, Ltd. (U.S.), Exelis (U.S.), Morgan Advanced Materials (U.K.), Physik Instrumente (PI) GmbH & Co. KG.(Germany), piezosystem jena (Germany), CeramTec GmbH (Germany), Piezo Solutions (U.S.), Piezo Systems, Inc. (U.S.), Piezomechanik Dr. Lutz Pickelmann GmbH (Germany), Mad City Labs Inc. (U.S.), US EuroTek, Inc. (U.S.), CTS Corporation (U.S.), and Aerotech Inc. (U.S.). Browse Related Reports Energy Harvesting System Market by Technology (Light, Vibration, Electromagnetic, Thermal), Application (Building & Home Automation, Consumer Electronics, Industrial, Transportation, Security), and Geography - Global Forecast to 2022 Biosensors Market by Application (Point of Care, Home Diagnostics, Research Labs, Biodefense, Environmental Monitoring, Food Industry), Product (Wearable, Non-Wearable), Technology (Electrochemical, Piezoelectric, Optical) & Geography - Analysis & Forecast to 2020 Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets SOURCE MarketsandMarkets 
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