MARKET OVERVIEW
A preloaded piezoelectric actuator is a type of electromechanical device that utilizes the piezoelectric effect. It consists of piezoelectric materials, typically ceramic or crystal elements, which are preloaded under a certain mechanical force to ensure stable and efficient operation. When an electrical voltage is applied across these materials, they undergo precise and rapid dimensional changes, converting electrical energy into mechanical motion.
MARKET SIZE & GROWTH
• The global Preloaded Piezoelectric Actuator Market was valued at USD 95.9 million in 2023.
• It is projected to reach USD 168 million by 2030.
• The market is expected to grow at a CAGR of 8.4% during the forecast period.
