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Follow on Google News | Global Market for Piezoelectric-Operated Actuators and Motors to Reach $16 Billion by 2018Global market for piezoelectric operated actuators and motors was estimated to be $11.1 billion in 2013, and the market is estimated to reach $16 billion by 2018, showing an compounded annual growth rate (CAGR) of 7.7% per year
By: Innovative Research and Products (iRAP), Inc. A confluence of new piezo-based technology has breathed new capability into the nano- and micro-positioning world. Piezoelectric actuators convert electrical energy into a mechanical displacement or stress using a piezoelectric effect. Since piezoelectric elements have excellent responsiveness and conversion efficiency from electrical energy to mechanical energy, various types of piezoelectric actuators utilizing the piezoelectric effect of piezoelectric elements have been developed in recent years. A piezoelectric actuator, which utilizes the piezoelectricity of crystal, has been used widely in a high precision positioning mechanism, since it can control a mechanical displacement at high speed. Piezoelectric actuators have the advantage of a high actuating precision and a fast reaction. Such actuators are components with a high electrical capacity, whereby only part of the electrical energy supplied to the actuators is converted to mechanical energy. Piezoelectric actuators are widely used in the semiconductor and microelectronics industries, biology, optics, photonics, telecommunications, and metrology. Typical applications range from gene manipulation, vibration cancellation, fiber optic alignment, machine-tool alignment, and active damping, to hydraulic servo valves, shockwave generation, image stabilization, and wafer-mask alignment. Piezoelectric actuators are developing into a large component market owing to high demand for ultra-small scale precision motion devices used in manufacturing and inspection equipment, high volume, low cost autofocus assemblies required in phone cameras, and high volume, moderate cost ink printing cartridges used in printers. In addition, the demand for microactuator medical tools used in minimally invasive surgery and micro-grippers required in manufacturing microsized objects such as stents; as well as the demand for dynamically- This report also deals with ultrasonic motors (USMs) that belong to the class of piezoelectric motors. Due to their specific advantages compared to conventional electromagnetic motors, USMs fill a gap in certain actuator applications. A key advantage of USMs over electromagnetic motors is their compactness, i.e., their high stall torque-mass ratio and high torque at low rotational speed, often making speed-reducing gears superfluous. This report also deals with miniature actuators based on thin-film piezoelectric lead zirconate titanate (PZT), which is one of the most efficient electromechanical coupling transducer materials currently available for microelectromechanical systems (MEMS). The report also looks into lead-free piezoelectric materials such as bismuth ferrite, BiFeO3 (BFO), and others for construction of actuators used for medical applications. There is growing demand for lead-free piezoelectric actuators for medical applications. The report highlights ongoing research on alternative lead-free piezoelectric materials in order to replace lead-based materials to avoid health hazards. The market for piezoelectric- With regards to market according to industry, Industrial and manufacturing is still the largest application market for piezoelectric devices, followed by the automotive industry. However, the strongest demand comes from medical instruments and information and telecommunication, which are gaining ever increasing importance among piezoelectric device suppliers. With regards to the market according to region, North America has the largest regional market share, followed by Europe, Japan and the balance for China and the rest of the world. More details of the report are available from Innovative Research and Products (iRAP), Inc., visit http://www.innoresearch.net/ Price for Hard Copy $3,950 End
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