South America Piezoelectric Actuators and Motors Market
No. of Pages: 111 | Report Code: TIPRE00025362 | Category: Electronics and Semiconductor
No. of Pages: 111 | Report Code: TIPRE00025362 | Category: Electronics and Semiconductor
SAM includes countries such as Brazil, Argentina, Chile, and the Rest of SAM. Brazil is one of the fastest-growing countries in the region in terms of industrialization. The governments of other emerging economies in the region are taking several initiatives to support industrial growth. For instance, Argentina is concentrating on attracting FDIs by taking several initiatives such as signing international bilateral agreements and removing restrictions on foreign direct investments (FDIs). Such government initiatives for attracting FDIs are expected to increase the investments in manufacturing industries. The ongoing initiatives from the regional governments are anticipated to help in the development of businesses in SAM with the increasing application of piezoelectric actuators and motors. Further, industries such as automotive, industrial machinery, and aerospace, are embracing the adoption of piezoelectric actuators and motors to ensure greater fuel efficiency, while reducing carbon emission along with other operational efficiencies. This will further increase the demand for piezoelectric actuators and motors in South and Central America. Thus, the constantly growing manufacturing sector is positively impacting the demand for piezoelectric actuators and motors across the region, thereby contributing to the growth of the market.
In SAM, Brazil recorded the highest number of COVID-19 cases, followed by Ecuador, Peru, Chile, and Argentina. Governments are imposing travel restrictions, lockdowns, and trade bans to contain the infection spread. Thus, the pandemic has been severely affecting the piezoelectric actuators and motors market growth in this region as manufacturing industry had halted its operations. However, recent relaxations in lockdown and the arrangement of large-scale vaccination drives are helping the economies to bounce back, which would allow many companies from manufacturing industries to regain their operations in the next a few quarters.
Strategic insights for the South 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 970.73 Million |
| Market Size by 2028 | US$ 1,476.34 Million |
| Global CAGR (2021 - 2028) | 6.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South 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 SAM is expected to grow from US$ 970.73 million in 2021 to US$ 1,476.34 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. Piezoelectric actuators and motors market manufacturers is anticipated to witness spur in demand of piezoelectric actuators and motors due to rising its adaptability in various industries, such as automotive, consumer electronic goods, aerospace, and healthcare among others. Also, the rising trend of small and light weight consumer electronic products demand is expected to proliferate the market in multiple folds. Thus, piezoelectric actuators and motors manufacturers business is anticipated to grow further.
SAM 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 SAM piezoelectric actuators and motors market is segmented into Brazil, Argentina, and rest of SAM. Brazil held the largest market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the piezoelectric actuators and motors market in SAM 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.; 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.
The South America Piezoelectric Actuators and Motors Market is valued at US$ 970.73 Million in 2021, it is projected to reach US$ 1,476.34 Million by 2028.
As per our report South America Piezoelectric Actuators and Motors Market, the market size is valued at US$ 970.73 Million in 2021, projecting it to reach US$ 1,476.34 Million by 2028. This translates to a CAGR of approximately 6.2% during the forecast period.
The South America Piezoelectric Actuators and Motors Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Piezoelectric Actuators and Motors Market report:
The South America Piezoelectric Actuators and Motors Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Piezoelectric Actuators and Motors Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Piezoelectric Actuators and Motors Market value chain can benefit from the information contained in a comprehensive market report.
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