Piezoelectric Nanogenerator Market Forecast and CAGR
According to latest research by Fact.MR, piezoelectric nanogenerator market is set to witness growth during assessment period of 2021-2031. Increasing demand for innovative technology to produce energy is increasing. Piezoelectric nanogenerators can convert mechanical energy into electricity. The demand for such materials is forecasted to increase by 3.5% CAGR over next 10 years.
What is Driving Demand for Piezoelectric Nanogenerator?
Among the many applications, modern defense & aerospace application has the largest share in the piezoelectric device market. This could lead to increased acceptance of varied piezoelectric products such as modern actuators, sensors, and various motors for modern aerospace & defense applications.
Piezoelectric nanogenerators are mainly used in various parts of modern aircraft to throw off unwanted vibrations, noise reduction. However, advanced standards for small helicopters have acquired a wide range of surveillance and operational technology in aircraft, low-cost aircraft, high-speed engines, machine tools, and advanced lab tables. Demand for such materials is rising owing to their wide applications in various fields.
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Covid-19 Impact on Global Piezoelectric Nanogenerator Market
Covid pandemic affected the demand and supply of piezoelectric nanogenerator market due to the closure of large production units. Additionally, as a result of the pandemic, demand for electronics has declined temporarily and undermined future market prospects.
However, with the opening of trade and commerce, the market demand is forecasted to rise substantially. Electronics and other electronic components have various usages and applicability in various fields. Modern devices require components that are efficient in terms of performance and power usage wherein these types of devices are useful.
Various trade disputes and international relations are forecasted to affect the market. Now post Covid era, there are new policies aimed at promoting the manufacturing of various types of products.
The diversification of global economies of different countries is projected to have a positive impact on the piezoelectric market trends device market, as the demand for devices by 2021 could increase the salaries of market participants. A fundamental improvement in the conditions of restructuring by companies to combat unexpected events. Also, the market of wireless applications and home offices is expected to be available by 2021.
Global Piezoelectric Nanogenerator Market Geographical Outlook
Piezoelectric nanogenerator is a power harvesting tool that is able to convert outside kinetic energy into electrical activity with a piezoelectric-made nano material. While its definition includes any types of energy conserving device using nano structures to convert different types of ambient energy (e.g. solar energy and thermal energy), it is commonly used to show kinetic energy harvesting devices that use nano-scaled piezoelectric devices.
APAC is expected to account for the largest share in the global piezoelectric device market. The market in the region is expected to grow at a much higher CAGR compared to others.
An important factor contributing to the growth of the APAC piezoelectric market is the emergence of countries such as China, Japan, India, and South Korea as centers for the production of electrical equipment, devices, and other materials. These countries also have thriving automotive industries and other industries. These industries require piezoelectric devices as a source of power for portable electrical devices.
The North American region is having the largest piezoelectric market share, while Asia Pacific market is next to it. There are plenty of factors such as growing internet penetration, improved and developed IT infrastructure, and rising number of connected devices that increases growth of piezoelectric device market.
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Who are the Key Manufacturers of Piezoelectric Nanogenerator?
The major manufacturers are
- Morgan Advanced Materials
- Piezosystem Jena
- Piezomechanik Dr. Lutz Pickelmann GmbH
- Mad City Labs Inc.
- APC International Ltd.
- Noliac A/S
- Piezo Systems Inc.
Nanogenerator is a kind of technology that converts thermal/mechanical energy as it produces small physical changes into electricity. Nanogenerator has 3 common types: triboelectric, piezoelectric, and pyroelectric nanogenerators.
Both triboelectric and piezoelectric nanogenerators can convert electrical energy into electricity. However, pyroelectric nanogenerators can be used to harvest thermal energy from time-dependent temperature fluctuations. Manufacturers are developing technologies and are trying to capture new markets by investing heavily in R&D or by acquiring production licenses.
Piezoelectric Nanogenerator Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
- Piezoelectric Sensors
- Piezoelectric Actuators
- Stack Actuators
- Strip Actuators
- Piezoelectric Motors
- Piezoelectric Transducers
- Piezoelectric Generators
- Single-layer Piezoelectric Generators
- Multilayered Piezoelectric Generators
- Soft Ceramics
- Hard Ceramics
- Piezoelectric Ceramics
- Piezoelectric Crystals
- Piezoelectric Polymers
- Piezoelectric Composites
- Aerospace & Defense
- Electronic Devices
- Industrial & Manufacturing
- Imaging Devices
- Diagnostic Equipment
- Wearable Devices
- Surgical Tools
- Information & Communication
- Consumer Electronics
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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