Piezoceramic Spheres Market Research, 2032
The global piezoceramic spheres market was valued at $208.1 million in 2022, and is projected to reach $412.9 million by 2032, growing at a CAGR of 7.1% from 2023 to 2032.
A piezoceramic sphere is a sphere-shaped or circular piezoelectric ceramic that is used in applications ranging from ultrasound technology, data communication and sonar, to industrial automation. In terms of availability, these piezoelectric ceramics are available in multiple sizes and outer diameters in a range of less than 2mm and up to 300 mm. In Piezoelectricity, or the piezoelectric effect, certain materials produce a reciprocating electrical impulse when stressed or in presence of vibrations. This phenomenon works in reverse, i.e., these materials will vibrate or exhibit stress when subjected to AC voltage. Quartz, certain ceramics and Rochelle Salts are among the materials exhibiting these properties, as is the piezoceramic sphere.
The piezoceramic spheres industry is segmented into Application, Outer Diameter (in mm) and Material Type.
Piezoceramic spheres are used extensively in a spectrum of applications that require precise control of vibration, mechanical motion, energy conversion, and sensing functions. They play prominent roles in diverse fields including ultrasound technology, medical imaging, industrial automation, power generation, telecommunications and beyond. Their special ability to seamlessly convert electrical and mechanical energy is strategically used in these areas for tailor-made functionalities.
Moreover, piezoceramic spheres can be used to create tunable metamaterials. Metamaterials are materials with properties that are not found in natural materials. Piezoceramic spheres can be used to create metamaterials that can be tuned to different frequencies. These spheres are also used to create biocompatible materials, which are further integrated in medical implants and other applications.
The high piezoelectric activity and permittivity of piezoceramic spheres is a key driver of market growth. This means that piezoceramic spheres are better at generating electricity when pressure is applied to them compared to other piezoelectric materials such as quartz. Piezoceramic spheres are hard, incentive to moisture and other atmospheric influences, and chemically inert. Together, these properties help piezoceramic spheres produce higher levels of piezoelectric activity, making them a popular choice for various applications. In addition, the ease of manufacturing piezoceramic spheres in various sizes and requirements is an important property of piezoceramic spheres.
Piezoceramic spheres are available in variety of sizes ranging from 2mm and 5mm outside diameters to 100mm and 300mm. Customers can choose from a range of piezoelectric parameters such as frequency from 32 kHz to 335 kHz. On the other hand, the low Curie temperature of piezoceramic spheres is their disadvantage. These low Curie temperatures limit the applications of piezoceramic spheres.
In addition, the change in Curie temperature caused by doping PZT material leads to a deterioration in the piezoelectric properties of the product. Meanwhile, industrial automation is expected to bring great benefits to the piezoceramic spheres market size and piezoceramic spheres market growth. This product is increasingly used in computer-related applications such as laptops, hard drives, notebooks and mobile phones. The application of piezoceramic spheres in automation fields such as transformers, sensors, ultrasonic and micro energy harvesting devices is expected to emerge as a great opportunity over the forecast period.
Segmentation Overview
On the basis of material type, the piezoceramic spheres market share is bifurcated into PZT (Lead-Zirconate-Titanate) and others. In 2022, the market share of PZT (Lead-Zirconate-Titanate) was more than that of the ‘others’ segment, and is expected to expand at the fastest rate during the forecast period. This demand is attributed to the advantages of PZT (Lead-Zirconate-Titanate) including thermal stability and excellent dielectric properties. Additionally, the ability of PZT to enable functioning of piezoceramic spheres in data communication applications along with ultrasonic technology and underwater sonar is further contributing to the high growth rate of PZT (Lead-Zirconate-Titanate).
By application, the piezoceramic spheres market forecast is segregated into underwater devices, data communication, ultrasonic technology, and others. The underwater devices segment led the market in 2022, however, the ultrasonic technology segment is expected to grow at a significant CAGR from 2023 to 2032. The demand for piezoceramic spheres is increasing exponentially due to its application in ultrasonic technology utilized by healthcare organizations. These spheres are used in multiple medical imaging devices. Additionally, in the manufacturing industry, ultrasonic technology is used for diverse applications such as cutting, welding and cleaning of materials. The integration of piezoceramic spheres in these processes enhances operational efficiency. In terms of potential product applications, piezoceramic spheres can be used in ultrasonic sensors and transducers, medical imaging equipment, underwater sonar systems, piezoelectric actuators, industrial cleaning equipment, piezoelectric generators, etc.
By outer diameter, the piezoceramic spheres market outlook is classified into 2mm – 35mm, 35mm – 70mm, 70mm – 100mm, and the custom segment. In this, the 35mm – 70mm segment was the dominant segment in the market in 2022, and the 70mm – 100mm segment is expected to witness the fastest growth rate during the forecast period. The growth is attributed to its suitability for wider industrial applications including medical imaging, underwater sonar systems, etc. Additionally, applications such as energy harvesting, manufacturing and material testing require powerful and large piezoceramic spheres to achieve operational efficiency. The availability of these spheres with outer diameters of 70mm – 100mm addresses these requirements.
By region, the piezoceramic spheres market opportunity is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America had the largest market share in 2022, while Asia-Pacific is expected to be fastest-growing region in terms of revenue and is expected to grow at a significant CAGR from 2023 to 2032. The continuous technological advancements along with growing emphasis on renewable energy and energy harvesting across the Asia Pacific region is contributing to the high demand for piezoceramic spheres.
In Europe, companies engaged in the development of piezoceramic materials are receiving funding from the government organizations. In April 2023, Ionix Advanced Technologies received undisclosed funding from the UK Government for the development of lead free piezoceramic materials. The company initiated the development of this material under the project initiative called ‘Next Generation Lead-Free Sensors and Actuators’. This is expected to contribute significantly to the growth of demand for piezoceramic spheres in the country.
Competitive Analysis
Competitive analysis and profiles of the major piezoceramic sphere market players, such as Physik Instrumente L.P., ELPA Company, CTS Corporation, Sparkler Ceramics Pvt. Ltd., Hubei Hannas Tech Co. Ltd., Weifang Jude Electronic Co.,Ltd., Beijing Quanxin Ultrasonic Co. Ltd., Wuxi MQ Ultrasonic Electrics Co., Ltd., Zibo Yuhai Electronic Ceramic Co., Ltd., and Annon Piezo Technology Co. Ltd. are provided in this report. Various strategies such as new product development, expansion and technology investment have been adopted by market players to expand their foothold in the piezoceramic sphere market.
Top Impacting Factors
The growth of the global piezoceramic spheres market demand is attributed to its rising utilization across multiple industry verticals. The increasing significance of piezoceramic spheres in multiple applications including energy harvesting and industrial automation is one of the major factors to fuel the piezoceramic sphere market growth. Moreover, ease of access to wide range of piezoceramic spheres is another contributing factor to fuel the market growth. Furthermore, lack of standardization and low curie temperature of the piezoceramic spheres restrict the industrial utilization, further affecting the market demand. However, the companies operating in diverse industry verticals are emphasizing on piezoceramic spheres. These piezoceramic spheres are integrated into multiple devices including micro-energy harvesting devices. Additionally, the industrial and consumer-related applications of piezoceramic spheres are anticipated to generate new opportunities for the piezoceramic spheres market over the forecast timeline.
Impact of Covid-19 Outbreak
The outbreak of the COVID-19 pandemic in 2020 negatively impacted the growth of the global piezoceramic sphere market. The piezoceramic sphere market was impacted by disruptions in global supply chains due to border closures, travel restrictions, and manufacturing shutdowns, as a result of which, the manufacturing and distribution of piezoceramic spheres were delayed.
Historical Data & Information
The piezoceramic sphere market is fairly competitive, owing to the strong presence of existing vendors. Market vendors are expected to gain a competitive advantage over their competitors because they can cater to market demands with a wide range of products. The competitive environment in this market is expected to increase as technological innovations, product extensions, and different strategies are adopted by key vendors.
Key Developments/Strategies
Physik Instrumente Group, CTS Corporation, and ELPA Company, are among the top companies which hold a prime share in the piezoceramic sphere market. Top market players have adopted various strategies such as product launches, contracts, and others to expand their foothold in the piezoceramic sphere market.
- In September 2022, PI Ceramic GmbH announced the opening of its new production facility and corporate office in Germany. This expansion initiative was a response to cater rising demand for piezoceramic components along with actuators and subsystems.
- In June 2022, CTS Corporation completed the acquisition of Ferroperm Piezoceramics. Ferroperm Piezoceramics company specializes in the manufacturing of piezoceramic components. It was previously operating as a subsidiary of Meggitt Plc. Through this acquisition, the company planned to extend their expertise in piezoceramic technology and cater wider customer base.
- In November 2020, CeramTec GmbH invested an undisclosed amount to deploy two additional production machines at its Piezoceramic Centre of Excellence, in Germany. Through this expansion, the company planned to expand its manufacturing capabilities to produce high volume piezoceramic components including rings, discs, tubes, etc. This also helped the company to cater consistently rising demand for high quality piezoceramic materials.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the piezoceramic spheres market analysis from 2022 to 2032 to identify the prevailing piezoceramic spheres market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the piezoceramic spheres market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global piezoceramic spheres market trends, key players, market segments, application areas, and market growth strategies.
Piezoceramic Spheres Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 412.9 million |
 Growth Rate | CAGR of 7.1% |
 Forecast period | 2022 - 2032 |
 Report Pages | 278 |
 By Application |
|
 By Outer Diameter (in mm) |
|
 By Material Type |
|
 By Region |
|
 Key Market Players | Wuxi MQ Ultrasonic Electrics Co., Ltd, Hubei Hannas Tech Co. Ltd., Weifang Jude Electronic Co.,Ltd., Beijing Quanxin Ultrasonic Co. Ltd., Zibo Yuhai Electronic Ceramic Co., Ltd., CTS Corporation, Physik Instrumente L.P., Annon Piezo Technology Co. Ltd., ELPA Company, Sparkler Ceramics Pvt. Ltd. |
Analyst Review
According to the insights of the CXOs of leading companies, automation in industries and related technological developments are expected to play an important role in the piezoceramic sphere market. The market for piezoceramic spheres is expected to grow considerably in the coming years, and within the automation space. The growth is expected to be driven by several factors such as the rise in demand for smartphones, laptops, smart home devices, as well as energy-harvesting devices and sensors in factories and manufacturing facilities.
Piezoceramic spheres have many advantageous characteristics that are being explored and put into use, such as their piezoelectricity, which is adjusted from application to application, as well as the ability to manufacture them in different sizes. Government funding for research into this aspect, and especially to improve the uptake of non-lead materials in the manufacturing of piezoceramic spheres, is expected to play an important role in the market growth during the forecast period.
However, one of the more significant developments in the piezoceramic sphere market is the newly-developed capability to manufacture using 3D printing technology. This saves cost and time for the industry, while also speeding-up the manufacturing process. It eliminates the need for a large number of employees and this technology is less affected by pandemic and other such disruptions. The development of 3D printing technology to manufacture piezoceramic spheres has the potential to change the manufacturing dynamic of the market.
Moreover, the favorable government initiatives and investments to enable the development of piezoceramic materials are also contributing significantly to the overall market growth. For instance, In April 2023, Ionix Advanced Technologies received undisclosed funding from the UK Government for the development of lead free piezoceramic materials. The company initiated the development of this material under the project initiative called ‘Next Generation Lead-Free Sensors and Actuators’. This is expected to contribute significantly to the growth of demand for piezoceramic spheres in the country.
Piezoceramic spheres market was estimasted at US$ 208.13 million in 2022 and is estimated to reach US$ 412.88 million by 2032.
Physik Instrumente L.P., ELPA Company, CTS Corporation, Sparkler Ceramics Pvt. Ltd., Hubei Hannas Tech Co. Ltd., Weifang Jude Electronic Co.,Ltd., Beijing Quanxin Ultrasonic Co. Ltd., Wuxi MQ Ultrasonic Electrics Co., Ltd., Zibo Yuhai Electronic Ceramic Co., Ltd., and Annon Piezo Technology Co. Ltd. are the top companies in the market to hold maximum market share.
Underwater devices was estimated as the leading application segment of piezoceramic spheres market in 2022.
North America was estimated as the leading region of piezoceramic spheres market in 2022
PZT (Lead-Zirconate-Titanate) was estimated as the leading material in the market in 2022
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