Canada Piezoelectric Materials Market Size & Outlook
Canada piezoelectric materials market, 2018-2030 (US$M)
Related Markets
Canada piezoelectric materials market highlights
- The Canada piezoelectric materials market generated a revenue of USD 22.5 million in 2022 and is expected to reach USD 33.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 5% from 2023 to 2030.
- In terms of segment, ceramics was the largest revenue generating product in 2022.
- Composites is the most lucrative product segment registering the fastest growth during the forecast period.
Piezoelectric materials market data book summary
| Market revenue in 2022 | USD 22.5 million |
| Market revenue in 2030 | USD 33.3 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Ceramics |
| Fastest growing segment | Composites |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramics, Polymers, Composites |
| Key market players worldwide | L3Harris Technologies Inc, CTS Corp, Albemarle Corp, PI Ceramic, APC International, Piezosystem Jena, Sparkler Ceramics, Noliac Systems SRO, Mad City Labs |
Other key industry trends
- In terms of revenue, Canada accounted for 1.6% of the global piezoelectric materials market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. piezoelectric materials market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 16.0 million by 2030.
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Piezoelectric Materials Market Scope
Piezoelectric Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada piezoelectric materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to piezoelectric materials market will help companies and investors design strategic landscapes.
Ceramics was the largest segment with a revenue share of 54.22% in 2022. Horizon Databook has segmented the Canada piezoelectric materials market based on ceramics, polymers, composites covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of some leading aircraft manufacturers in the country is one of the key drivers fueling the growth of the aerospace & defense industry in Canada.
This drives the growth of the market for piezoelectric materials in the country. The demand for piezoelectric materials in Canada is anticipated to be driven by the increasing wind turbine installations in the country.
According to Canada Energy Regulator, the installed wind turbine capacity of the country has increased more than six times from 2009 to 2019.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada piezoelectric materials market , including forecasts for subscribers. This country databook contains high-level insights into Canada piezoelectric materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada piezoelectric materials market size, by product, 2018-2030 (US$M)
Canada Piezoelectric Materials Market Outlook Share, 2022 & 2030 (US$M)
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