Piezoelectric Proportional Valve Market By Type (0-2.0 bar, 0-5.0 bar, 0-8.0 bar, 0-10.0 bar) By Application (Industrial, Biotechnology environments, Pharmaceutical medical) and Region - Global Forecast to 2026
11 December 2017
The global piezoelectric proportional valve market was valued over US$ 7,550 million in 2017, and is expected to register a CAGR of over 34%. The report offers in-depth insights, revenue details, and other vital information regarding the global piezoelectric proportional valve market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report also offers insightful and detailed information regarding the various key players operating in the global piezoelectric proportional valve market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global piezoelectric proportional valve market is segmented on the basis of type, application, and region.
Piezoelectricity or piezoelectric effect refers to generating electric charge as a result of mechanical stress, vibrations, or heat. Piezoelectric effect has one unique characteristic of reversible effect. That is, when stress is applied it generates electricity, and when electric field is applied it generates stress. Piezoelectric proportional valves can be a better alternative to conventional solenoid valves as they offer more benefits than that of conventional valves, especially in applications requiring directly controlled proportional valves. Piezoelectric proportional valves are small, lightweight, durable, fast, and save energy. In addition, Piezo valves make minimal noise, generate very little heat, and are highly accurate, which makes them ideal for application in healthcare devices.
Global Piezoelectric Proportional Valve Market Dynamics:
Low power consumption ability of piezoelectric proportional valve is expected to propel the market growth over the forecast period. Low heat, low current requirement, and flat design of piezoelectric valves enables easy integration in compact electronic packages. Due to their low power consumption, piezoelectric valves can be made intrinsically safe, leading to almost no heat dissipation and ensures safe usage as it does not generate heat itself, and reduces operating costs as no additional cooling systems are required.
Wide biomedical usage of piezoelectric proportional valve is expected to augment the market growth. Technological advancements in medical equipment and rising demand for cost-effective, accurate, and energy efficient solutions for regulating flow of liquids, and controlling air pressure in medical equipment are major factors expected to drive adoption of piezoelectric proportional valves over the forecast period
However, High cost of piezoelectric valves is one of the major factors restraining growth of the global piezoelectric proportional valves market. Piezoelectric valves require high initial voltage to operate (up to 300 volts) is another factor which is expected to hamper the growth of the market.
Solenoid valves are cost-effective when compared to piezoelectric valves that are available in the market. Reduction of prices of piezoelectric valves can create high potential revenue opportunity for players in the global piezoelectric proportional valves market over the forecast period.
Market analysis by type:
On the basis of type segmentation, the 0-2.0 segment is expected to contribute major revenue share and expected to maintain its dominance over the forecast period owing to its growing applications in healthcare, bio-technology, and automotive and industrial sector, etc. 0–2.0 bar type valves are designed to enable enhanced flow control, especially for inert gases. These valves can typically be used in applications where flow rate reaches up to 50 SLPM, and maximum 1.5 Watts at room temperature.
Market analysis by application:
Among all the application segments, industrial segment accounted for highest revenue contribution to the global piezoelectric proportional valve market, owing to factors such as increasing adoption of piezoelectric valves in in laser cutting application where the gas pressure needs to be adjusted in accordance with the material being cut and its relative thickness.
It can be used in tire making, where pressure is controlled by the proportional pressure regulator in dependence on the tire’s diameter and the individual plies of the tire are built up and a consistent tire quality is ensured.
Analysis by Region:
The market in Europe is expected to dominate the global piezoelectric proportional valve market, and it accounts for largest market revenue over US$ 215 million in 2017 as compared to that of markets in other regions. Dominance by Europe market is expected to continue over the forecast period with a CAGR over 5.0%, owing to higher demand among users in countries in the region.
Inculcation of various piezo technologies in space crafts is another major factor driving growth of the Europe piezoelectric proportional valves market. Adoption of various piezo technologies in a number of end use industries in the form of actuators, fuel injectors, and precision equipment are major factors driving growth of the Europe piezoelectric proportional valve market. Furthermore, use of piezoelectric proportional valves in hydraulic machinery in iron and steel industries in Europe, for controlling and dispensing of fluids is another major factor fueling growth of the Europe piezoelectric proportional valve market.
North America is expected to account second largest revenue share in the global piezoelectric proportional valve market. Use of piezoelectric proportional valves in controlling flow of liquids during dialysis for treatment of kidney disorders, and in control of various surgical tools during surgeries are major factors driving growth of the North America piezoelectric proportional valves market.
In North America, controlled drug delivery systems (CDDS) are the essential equipment used in hospitals and medical facilities to administer appropriate dosage of drugs to patients. Micro-valves in CDDS play an important role in its functioning, and piezoelectric micro-valves are expected to be better suited for medical applications due to their properties such as low power consumption, better reliability, and energy efficiency as compared to solenoid valves.
Asia Pacific is expected to be fastest growing region. increasing infrastructural developments in countries in the region, coupled with rising demand for better healthcare technologies is expected to drive the market growth over the forecast period. Moreover, presence of a high number of local manufacturers for piezoelectric proportional valves in emerging economies, especially in China, and Japan, is a major factor expected to boost growth of the Asia Pacific piezoelectric proportional valve market over the forecast period.
Global Piezoelectric Proportional Valve segmentation, by type:
- 0-2.0 bar
- 0-5.0 bar
- 0-8.0 bar
- 0-10.0 bar
Global Piezoelectric Proportional Valve segmentation, by application:
- Pharmaceutical medical
- Biotechnology environments
Global Piezoelectric Proportional Valve segmentation, by region:
- North America
- Asia Pacific
- South America
- Middle East & Africa
- HOERBIGER Holding AG
- Festo AG & Co.
- DTI Motors
- Duplomatic MS S.p.A. P.IVA
- PARKER HANNIFIN CORP.
- ASCO Valve, Inc.
- AirCom Pneumatic GmbH
- 1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Region
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