Thursday, 20 June 2019

(CAGR of 34%) || Piezoelectric Proportional Valve Market is Expected to Capture Maximum More Than 34% CAGR By 2028

New York City, NY: Jun 20, 2019 – Published via (Wired Release) – Piezoelectricity or piezoelectric effect refers to generating electric charge as a result of mechanical stress, vibrations, or heat. 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.

According to report the global piezoelectric proportional valve market was valued at US$ 651.6 Mn in 2016 and is projected to reach US$ 1,107.1 Mn in 2026 at a CAGR of 5.5% from 2017 to 2026. 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%.

Major factors driving growth of the global piezoelectric proportional valve market include better product offerings over conventional valves such as precise movement control and high speed, low power consumption. Recent developments of the piezoelectric proportional valves have made them function precisely when it comes to maintaining any position between fully closed and fully open, giving unprecedented flow control as they are not restricted to an ‘on or off ‘switching mode. 

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Global Aerogel Market: Market Forecast

The comprehensive research report comprises a complete forecast of the global piezoelectric proportional valve market based on factors affecting the market and their impact in the foreseeable future. According to forecast projections, revenue from the global piezoelectric proportional valve market is expected to expand at a moderate CAGR of 5.5% during the forecast period.

Global Aerogel Market: Segmental Snapshot

The market report has been segmented on the basis of type, application, and region. The type segments include 0–2.0 bar, 0–5.0 bar, 0–8.0 bar, and 0–10.0 bar. The application segments include industrial, pharmaceutical medical, biotechnology environments, and others. The regions covered in the analysis are North America, Europe, Asia Pacific, and South America, and Middle East & Africa.

By type:  0–2.0 bar segment is estimated to register a CAGR of 5.8%, thereby accounting for highest revenue share among all the type segments.

By application: Industrial segment is estimated to register a CAGR of over 5.9%, thereby accounting for highest revenue share among the application segments.

By region: The market in Asia Pacific is expected to reach at a CAGR of over 6.3% between 2017 and 2026.

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Global Piezoelectric Proportional Valve Market: Competitive Analysis

The research report on the global piezoelectric proportional valve market includes detailed competitive analysis on major companies such as HOERBIGER Holding AG, Festo AG & Co., DTI Motors, Duplomatic MS S.p.A. P.IVA, PARKER HANNIFIN CORP., ASCO Valve, Inc., and AirCom Pneumatic GmbH

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