Piezoelectric Transformer Market

Market Overview

According to Reed Intelligence the Global Piezoelectric Transformer Market Size will approximately grow at a CAGR of 9.7% during the forecast period.

The Piezoelectric Transformer (PT) converts electrical energy into mechanical energy using the piezoelectric phenomenon. Two layers of piezoelectric material vibrate when electricity is applied. This vibration generates AC voltage across two terminals, which can be used for many reasons. Mechanical vibration generates an AC voltage in the piezoelectric transformer. It converts electricity into energy efficiently. It replaces big, expensive transformers. Piezoelectric Ultrasonic motors, signal generators, and controls employ transformers. Power supplies, medical devices, and robotics use them. These devices are useful for small, low-cost applications due to their efficiency. Due to its efficiency and versatility, the Piezoelectric Transformer has gained popularity. It provides more power in a smaller package than typical transformers. Its low production cost makes it appealing to many applications.

Market Dynamics

Market Drivers

• The Widespread Use Of Piezoelectric Equipment In The Aircraft Industry

Major firms in the aerospace sector are frequently involved in producing commercial airplanes, space vehicles, and satellites, as well as selling and maintaining these products. To improve the effectiveness, longevity, and overall performance of things like aircraft, planes, helicopters, and submarines, among other things, the industry needs more modern and improved solutions. In the active vibration-dampening approach, piezoelectric actuators are used to monitor modern aircraft's mechanical structures and sections to prevent unwanted vibrations, reduce noise levels, lower fuel consumption, and limit energy waste in aircraft systems.

Market Restraints

• High Costs Associated With Piezoelectric Material

Piezoelectric transformers are useful in various industries. However, they can be manufactured only with great difficulty and expense. Ceramic piezoelectrics, comprised of several very small crystals, are at least a hundred times more affordable and simpler to mass-produce. However, the electro-strain values of ceramic piezoelectric are often quite low. One of the drawbacks of piezoelectric materials is that they cannot be utilized for tests that require a static state. In addition, piezoelectric materials have several drawbacks, including unsatisfactory compatibility with concrete buildings and poor durability.

Market Opportunities

• Growing Biomedical And Surgical Use Of Piezoelectric Devices And Polymers

The organic piezoelectric effects in the human body are attributed to the lack of symmetry in most biological molecules, which may make piezoelectricity a fundamental biological property. Biomedical devices benefit from piezoelectric polymers' flexibility and lightness. Polyvinylidene fluoride (PVDF) and its copolymers are the most studied materials because of their strong piezoelectricity, chemical resistance, thermal stability, processability, and mechanical qualities. PVDF, the most frequently used piezopolymer for tissue engineering, can stimulate bone and cartilage regeneration, neuron proliferation, and wound healing.

Market Scope

Segmental Analysis

Segment By Type

• Step-up Transformer

A step-up transformer is a transformer that increases the voltage from the main coil to the secondary coil while keeping the same amount of power at the rated frequency in both coils. On the main side, it changes the low and high currents into high and low currents. On the secondary side, it does the opposite.

• Step-down Transformer

A step-down transformer is a type of transformer that is made to lower the voltage from the main to the secondary side. The ratio of a transformer's main to secondary inductance (L) is equal to the square root of that ratio.

Segment By Application

• Electronics

Piezoelectric transformers are used in the power electronics industry. PTs are used as transformers to change the voltage and current to the amounts needed for a circuit to work.

• Automotive

Piezoelectric materials are often used in airbag sensors, air flow sensors, alarms that make noise, knock sensors, tire pressure monitors, fuel atomizers, keyless door entry, and seat belt buzzers.

• Aerospace

In the engine cowl of an airplane, places with a lot of force are covered with piezoelectric material. It goes through cyclic stress, which causes it to stretch, which creates an electric voltage across its ends. This voltage can power the electrical circuits by giving a steady flow of current to charge the batteries.

• Consumer Goods

It is used in various consumer goods such as home appliances, and communication devices.

Regional Analysis

North America (USA and Canada)

North America is a region of innovation and advancement. Their rising investments in R&D activities to develop new and innovative products, etc., make it’s economy stronger day by day. Piezoelectric Transformers are efficient and versatile. Many applications benefit from its efficiency, small size, and inexpensive cost. It gives greater power in a smaller package, making it a good transformer choice. Because piezoelectric materials can convert the mechanical pressure applied to them into electrical signals and vice versa, they are commonly called "smart" materials. They are used to harvest mechanical energy from vibrations, human motion, mechanical loads, and other sources and convert it into electrical energy for use in low-power devices. Compared to electromagnetic and static transducers and triboelectric transducers, piezoelectric transduction has the advantages of great scalability, simple device designs, and high-power densities driving the Piezoelectric Transformer Market in this region.

Europe (Germany, the U.K., France, Russia, Italy, and the Rest of Europe)

The world is becoming increasingly digitized and automated with each passing day, and technology’s role in our lives is becoming increasingly significant. Many examples of advancements are beginning to transform our society, some of which are connected cars, smart homes, and virtual assistants. The proliferation of advanced manufacturing technologies for piezoelectric devices and rising demand for Piezoelectric Transformers Sales in the medical sector can help the market grow in Europe.

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

Asia-Pacific region emphasizes strengthening their country’s economy, for which they are adopting various technological advancements and investing more in infrastructure. In Asia, Indian airlines are predicted to increase capacity by at least 25%, making India the fastest-expanding aviation market with 6% annual growth by 2040. The airline industry requires aircraft, planes, helicopters, and submarines, among other things, where piezoelectric transformers are highly demanded, leading to the growth of the PT market.

Key Players

1. Molex (US)
2. AVX Corporation (USA)
3. NEC TOKIN Corporation (Japan)
4. Gilard Electronics Pvt. Ltd. (India)
5. Panasonic Corporation (Japan)
6. Hammond Mfg. Co. Ltd. (Canada)
7. Amphenol (US)
8. American Electronic Components Inc. (US)
9. Namolectric Controls (India)
10. Acme Electric (US)
11. Omron Corporation (Japan)
12. Aleph America Corporation (US)
13. Datronix Holdings Ltd. (Hong Kong)
14. TDK Corporation (Japan)
15. Pulse Electronics (US)
16. FCI Electronics (Singapore)
17. Murata Manufacturing Company Ltd. (Japan)
18. Hasco Relays and Electronics International Corp. (US)
19. Eaton Corp. (US)
20. Hamlin (US)

Recent Developments

June 2023: Molex, a prominent global connectivity and electronics solutions provider, announced that luxury automaker BMW Group chose Molex's Volfinity Cell Contacting System (CCS) for its next-generation electric cars (EVs). Volfinity, developed in 2018, connects cells to the control board in an electric vehicle battery module without daisy-chained wires. The system meets BMW Group functional safety criteria with integrated cell sensing, monitoring, balancing, and temperature measuring functionality.