Asia, Actuators and Auto, the 3A’s Driving Demand for Piezoelectric Materials to Grow by 14% through to 2023 and touch $64 Billion – Market Report by Industry Experts, Inc
Industry Experts, Inc. unveiled the new global market research report entitled " Piezoelectric Materials - A Global Market Overview ". As per the new report, accounting for a share estimated at 40.2% in 2017, worldwide demand for Piezoelectric Materials is the largest for the Consumer Goods industry. Piezoelectric materials constitute various types of ceramics, polymers, crystals and composites that can generate a voltage when being subjected to an external pressure or, conversely, expand upon the application of a voltage. A piezoelectric material’s response to mechanical forces/pressures resulting in the generation of electric charges/voltages is referred to as the direct piezoelectric effect. In contrast, the application of electric charges/fields causing the induction of mechanical stresses or strains is termed as the converse piezoelectric effect. Asia-Pacific leads the global market in terms of demand for piezoelectric materials , which is likely to be sustained by ...
