PIEZOELECTRIC MOTOR MARKET

KEY FINDINGS

1. The increasing adoption of automation in industries such as manufacturing, automotive, and healthcare is driving the demand for piezoelectric motors. 
2. The growing demand for medical devices with high precision and accuracy is also driving the demand for piezoelectric motors. 
3. The increasing adoption of electric vehicles is also driving the demand for piezoelectric motors, as they are used in various applications such as steering, braking, and suspension systems. 
4. The growing demand for consumer electronics with high-resolution displays and cameras is also driving the demand for piezoelectric motors. 
5. The Asia Pacific region is the largest market for piezoelectric motors, followed by North America and Europe. The growth of the market in the Asia Pacific region is attributed to the increasing demand from China and India, which are two of the fastest growing economies in the world. 
6. The increasing adoption of piezoelectric motors in new applications such as micro actuators and energy harvesting devices. 
7. The development of new piezoelectric materials with improved performance and lower cost. 
8. Piezoelectric motors were preferred in applications where energy efficiency was critical, as they typically consume less power compared to traditional electromagnetic motors. 
9. The adoption of piezoelectric motors was expanding into emerging applications such as microfluidics, optics, and haptic feedback systems. 
10. There was a growing trend towards miniaturization of devices and equipment, which boosted the demand for compact and precise piezoelectric motors. 

INTRODUCTION

 A piezoelectric motor, sometimes known as a piezo motor, is a form of electric motor that relies on the piezoelectric effect, which causes a piezoelectric material to change shape when an electric field is applied.

Depending on the mechanism, an electrical circuit causes acoustic or ultrasonic vibrations in the piezoelectric material, which is typically made of lead zirconate titanate but can also occasionally be lithium niobate or another single-crystal material.

These vibrations can result in either linear motion or rotary motion. Inchworm, stepper, and slip-stick motors are a few varieties of piezoelectric motors, as are ultrasonic motors, which are further divided into standing wave and travelling wave motors.

In contrast to the majority of other piezoelectric actuators, which have a motion range that is constrained by the static strain that may be induced in the piezoelectric element, piezoelectric motors typically employ a cyclic stepping motion that enables the oscillation of the crystals to produce an arbitrarily large motion.

Piezoelectric crystal growth and formation is a well-established industry that produces very uniform and consistent distortion for a given applied potential difference.

The piezoelectric motor may take very small steps as a result of this and the tiny scale of the distortions. Manufacturers guarantee accuracy down to the nanoscale level. The steps can occur at extremely high frequencies—upwards of 5 MHz—due to a rapid reaction rate and swift crystal distortion. 

PIEZOELECTRIC MOTOR MARKET SIZE AND FORECAST

The Global Piezoelectric Motor Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

The growth of the market is attributed to the increasing demand for piezoelectric motors in industrial automation, medical devices, aerospace, and defense, automotive, and consumer electronics applications. 

Challenges in the piezoelectric motor market included the relatively higher cost of these motors compared to traditional alternatives and the need for specialized expertise in their integration. 

Piezoelectric motors were preferred in applications where energy efficiency was critical, as they typically consume less power compared to traditional electromagnetic motors. 

The key players in the global piezoelectric motor market include Nidec Corporation, Physik Instrumente GmbH & Co. KG, CEDRAT TECHNOLOGIES, ALIO Industries, Inc., and Precision Microdrives, Inc. 

TRENDS IN PIEZOELECTRIC MOTOR MARKET

1. Growing use of copper electrodes in piezoelectric actuators, Manufacturers find piezoelectric actuators with internal copper electrodes to be cost-effective while providing enhanced performance. These actuators with copper electrodes are also extremely reliable and stable, which is driving their increased adoption.
2. The increasing adoption of automation in various industries is driving the demand for piezoelectric motors. Piezoelectric motors are used in a variety of industrial automation applications, such as robotics, assembly lines, and machine tools.
3. The growing demand for medical devices with high precision and accuracy is also driving the demand for piezoelectric motors. Piezoelectric motors are used in a variety of medical devices, such as microscopes, surgical robots, and dental equipment.
4. The increasing adoption of electric vehicles is also driving the demand for piezoelectric motors. Piezoelectric motors are used in a variety of electric vehicle applications, such as steering, braking, and suspension systems.
5. The growing demand for consumer electronics with high-resolution displays and cameras is also driving the demand for piezoelectric motors. Piezoelectric motors are used in a variety of consumer electronics devices, such as cameras, autofocus lenses, and micro printers.
6. The increasing adoption of electric vehicles is also driving the demand for piezoelectric motors. Piezoelectric motors are used in a variety of electric vehicle applications, such as steering, braking, and suspension systems.

PIEZOELECTRIC MOTOR MARKET RECENT DEVELOPMENT

The standing wave-type piezo technology pioneer for rotary and linear motion products, Discovery Technology International, Inc., has been acquired by Piezo Motion Corp.

The technology is now accessible for a variety of motion control applications, at scale, in an expanding number of industries thanks to the purchase, which saw Piezo Motion produce a full product line of precision energy-efficient piezo motors.

In order to deliver high quality and exceptional performance for OEM applications that demand precise, efficient, reliable, and economical motion control solutions with good power density and quiet operation in a lightweight package, Piezo Motion recently released rotary motors, available with both open-loop and closed-loop control.

The linear actuator from Piezo Motion is made of incredibly strong and light materials, which allows it to combine low cost with excellent precision and lightning-fast speeds. They are extremely energy-efficient for motion applications since they use no power when in the hold position while still exerting a large force.

PIEZOELECTRIC MOTORMARKET SEGMENTATION

Piezoelectric Motor Market By Geography

• North America 
• Europe 
• China 
• Asia Ex China 
• ROW 

Piezoelectric Motor Market Power Output

• Below 1 Watt 
• 1-50 Watts 
• Above 50 Watts 

Piezoelectric Motor Market Application

• Industrial automation 
• Medical devices 
• Aerospace and defense 
• Automotive 
• Consumer electronics 
• Others 

Piezoelectric Motor Market Distribution channel 

• Direct sales 
• Indirect sales (through distributors and resellers) 

PIEZOELECTRIC MOTOR MARKET COMPANY PROFILES

• Nidec Corporation (Japan) 
• Physik Instrumente GmbH & Co. KG (Germany) 
• CEDRAT TECHNOLOGIES (France) 
• ALIO Industries, Inc. (USA) 
• Precision Microdrives, Inc. (USA) 
• Morgan Advanced Materials plc (UK) 
• EBL Products, Inc. (USA) 
• New Scale Technologies (USA) 
• Harbin Piezo Technology Co., Ltd. (China) 
• Jiangsu Shuanglin Precision Technology Co., Ltd. (China) 
• Taihu Piezo Electric Technology Co., Ltd. (China) 
• Renown Electric Motors & Repair Inc. 
• Win Source Electronic Technology Ltd. 

  

THIS PIEZOELECTRIC MOTOR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. Market share of Global Piezoelectric Motor market manufacturers and their upcoming products
2. Cost advantage for OEMs who manufacture Global Piezoelectric Motor in-house
3. key predictions for next 5 years in Global Piezoelectric Motor  market
4. Average B-2-B Piezoelectric Motor  market price in all segments
5. Latest trends in Piezoelectric Motor  market, by every market segment
6. The market size (both volume and value) of the Piezoelectric Motor  market in 2024-2030 and every year in between?
7. What are the key trends driving the growth of the global piezoelectric motor market?
8. What are the major challenges facing the global piezoelectric motor market?
9. What are the key opportunities in the global piezoelectric motor market?
10. What are the different types of piezoelectric motors available?
11. What are the different applications of piezoelectric motors?
12. What are the major growth markets for piezoelectric motors?
13. Who are the key players in the global piezoelectric motor market?
14. What are the competitive landscape and market share of the key players in the global piezoelectric motor market?
15. What are the latest technological advancements in the global piezoelectric motor market?
16. What are the regulatory factors impacting the global piezoelectric motor market?
17. What is the Future outlook of the global piezoelectric motor market?