North America Piezoelectric Actuators and Motors Market

Market Introduction

The North America piezoelectric actuators and motors market constitutes countries such as the US, Canada, and Mexico. North America’s technological advancements have made it a highly competitive market. The countries of the region are enhancing the overall business processes to meet the customers' demand for high-quality products. North America leverages one of the most developed industries including automotive, healthcare, consumer electronic, and defense and aerospace industries thus, the region owns one of the strongest potential for piezoelectric actuators and motors market. Further, the region is among the major automotive sectors. As per the International Organization of Motor Vehicle Manufacturers (OICA) data, in 2020, 13,375,622 units of vehicles of all categories (including commercial and passenger) were manufactured. The region has a presence of various automotive manufacturers such as Ford Motor Company, Tesla, BMW, Porsche, Daimler, Toyota, Honda, Nissan, Renault, RAM, VW, Hyundai, Fiat Chrysler Automobiles, and General Motors Company. Also, the governments of the countries in North America are taking initiatives for the development of the automotive sector. The Department of Energy funded the Advanced Technology Vehicle Manufacturing Loan Program worth US$ 25 billion. These factors are expected to boost the adoption of advanced technology such as actuators, in the automotive sector, and subsequently create lucrative opportunities for piezoelectric actuators and motors market.

North America is one of the leading regions in terms of the development and adoption of new technologies due to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial sector hampers the economic growth of the region. Presently, the US is the world’s worst-affected country due to the COVID-19 outbreak. The industry's reliance on human labor has been highlighted by the recent pause in industrial automation and development. This is expected to showcase the benefits of factory automation in the post-lockdown phase, leading to increased adoption. The overall demand for industrial automation components and digitalization is likely to increase once the industries attain normal operational conditions. These technologies are a need amid high market competition worldwide. Hence, the piezoelectric ultrasonic transducer and actuators sector is projected to grow at a steady pace in the post-pandemic period.  

North America Piezoelectric Actuators and Motors Strategic Insights

Strategic insights for the North America Piezoelectric Actuators and Motors provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Piezoelectric Actuators and Motors Report Scope

North America Piezoelectric Actuators and Motors Regional Insights

The geographic scope of the North America Piezoelectric Actuators and Motors refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The piezoelectric actuators and motors market in North America is expected to grow from US$ 3,077.48 million in 2021 to US$ 5,103.71 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028. North America is characterized by the presence of big industrial factories and plants. With the increase in strict emission norms by governments, the industrial plants have started to adopt piezoelectric actuators in their diesel engines as fuel injectors which control high-pressure fluids and supply fuels in precise amount and subsequently control the excess supply of fuels which makes diesel engines more fuel-efficient and help to reduce carbon emission.  

Key Market Segments

North America piezoelectric actuators and motors market is segmented into product, application, and country. Based on product, the market is segmented into piezo motors and piezo actuators. The piezo motors segment is further bifurcated into piezo linear motors and piezo rotary motors. Similarly, the piezo actuators segment is classified into stack actuators, strip actuators, and others. Piezoelectric actuators segment held the largest market share in 2020. In terms of application, the market is segmented into automotive, industrial & manufacturing, medical, aerospace, consumer electronics, and others. Industrial and Manufacturing segment held the largest market share in 2020. Based on country, the North America piezoelectric actuators and motors market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the piezoelectric actuators and motors market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are APC International, Ltd.; CEDRAT TECHNOLOGIES; FAULHABER Group; Johnson Electric Holdings Limited; Microfine Materials Technologies Pte Ltd; Physik Instrumente (PI) GmbH & Co. KG.; PiezoMotor Uppsala AB; piezosystem jena GmbH; and TDK Corporation.         

Reasons to buy report

• To understand the North America piezoelectric actuators and motors market landscape and identify market segments that are most likely to guarantee a strong return.
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America piezoelectric actuators and motors market.
• Efficiently plan M&A and partnership deals in North America piezoelectric actuators and motors market by identifying market segments with the most promising probable sales.
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America piezoelectric actuators and motors market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America

Piezoelectric Actuators and Motors Market

Segmentation

North America Piezoelectric Actuators and Motors Market -

By Product

• Piezo Motors
• Piezo Actuators

North America Piezoelectric Actuators and Motors Market - By

Application

• Automotive
• Industrial and Manufacturing
• Medical
• Aerospace
• Consumer Electronics
• Others

North America Piezoelectric Actuators and Motors Market - By Country

• US
• Canada
• Mexico

North America Piezoelectric Actuators and Motors Market - Company Profiles

• APC International, Ltd.
• CEDRAT TECHNOLOGIES
• FAULHABER Group
• Johnson Electric Holdings Limited
• Microfine Materials Technologies Pte Ltd
• Physik Instrumente (PI) GmbH & Co. KG.
• PiezoMotor Uppsala AB
• piezosystem jena GmbH
• TDK Corporation