Global Pipeline and Process Services Market - Segmentation by Processes, Services and Geography, Competitive Landscape and Key Company Analysis (2017 - 2022)
The market for global Piezoelectric Actuator is expected to be USD XX billion at the end of the year 2015 and by the end of 2022 it is estimated to reach USDXX billion. The market is expected to grow at a rate of XX%. Piezoelectric Actuator is an electromechanical transducer device that uses electrical energy into mechanical energy to move or adjust the control systems. This is achieved through the presence of piezoceramic actuators that generate linear motion at high speed, and high resolution. When electric voltage is applied the piezoelectric crystal starts bending forward and backward and the vibration plate on which it is placed starts following similar motion. Piezo actuators can convert electrical energy into mechanical energy and also mechanical energy into electrical energy. This is because of the piezo electric effect displayed by piezo crystals in the actuator.
Piezo electric actuators are widely used in advanced research, precision motion control and positioning activities. These are used in super resolution microscopy, semiconductor test and inspection, aerospace and astronomy. Piezo electric actuators have been used in space applications, and also in bio-nano technology domain. In laser mirror alignment piezo electric actuators are used for alignment of mirror mass by a fraction of millimetres. This enables optimal beam alignment of lasers. Piezo electric actuators are widely used for smart phones, tablets, gaming consoles among others. These are also used in acousto-optic modulator, which is used for refining laser frequency. In electron microscopes for adjusting the specimen piezo electric actuator is used. Apart from this piezo actuators are used for X-ray shutters and micro scanning in infrared cameras. Precise patient movement in CT and MRI machines is controlled through piezo actuators. For high intensity focused ultra sound machines creating a localized cavitation, peizo electric actuators are used.
The demand for high end electronics items are expected to increase by multiple times around the world. As per estimate in 2015 alone about 1.4 billion smart phones are used. Due to evolving technologies and faster maturity of technology the market is witnessing sustained growth. As a consequence prices of devices are getting reduced at regular intervals, which is further fuelling demand. Several regions around the world are expected to see various degrees of growth in this regard. Furthermore the market for high end gaming consoles, high definition audio visual devices are also expected to increase due to rising demand. Globally the economic condition of the population has seen a gradual and steady increase in developing countries. This has increased demand for better medical care and patients willingness to go for costly treatment. It is estimated that in India alone the medical devices market will reach USD 12 billion in 2015 it self and the growth will continue in future too. The market for piezo electric actuator is expected to see further growth due to its wide spread use in medical devices and consumer electronics devices. However the restraint for the market is that the high performance actuators come at a hefty price. This turn increases the devices that use these instruments which acts as a hindrance for its growth.
A piezo electric actuator consists of several components including stepper, piezo linear stack, controllers, linear tables, pusher and motor. Also these actuators can be divided into several types i.e. stack actuator and stripe actuator. Stack actuators offer low stroke but very high blocking force. Also these can either be of discrete or co-fired type. Stripe actuator is also known as bending actuator. When combined with a vibration plate this can cause significant mechanical movement. Motion-amplified, flexure-guided piezo linear actuators offers larger capacity in compact dimensions. Also the life cycle of this actuator can be quite long and it can be used up to 100 billion times. High speed ultrasonic motors are known for high speed operation and cost less than other types of actuators.
The challenge for piezo electric actuator is that its need for high voltage. The voltage ranges from 200 v to 1000 v depending on the type of actuator. Moreover the stroke length or the distance that an actuator can move is very small in nano meters (nm). For small movements the use of high voltage is increasing the cost for an operation. The current opportunity for piezo electric actuator lies in the growing market for precision equipment. These equipment require minute and accurate controlled movement that only a piezo electric actuator can provide. Also these actuators can be used thousands of times without the need for lubrication even in vacuum environment. Since there is very little noise associated with the movement in piezo electric actuators, it is the item of choice for various audio visual equipment. For operations that require precision positioning, alignment i.e. the semiconductor, microelectronics, nano-technology, gene manipulations, image stabilization activities the role of piezo electric actuator is invaluable.
Key Deliverables in the Study
1. Market analysis for the global piezoelectric actuator market, with region specific assessments and competition analysis on global and regional scales
2. Market definition along with the identification of key drivers and restraints
3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
4. Extensively researched competitive landscape section with profiles of major companies along with their market shares
5. Identification and analysis of the macro and micro factors that affect the global piezoelectric actuator market on both global and regional scales
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped