South America Piezoelectric Actuators and Motors Market Growth and Forecast by 2028

The piezoelectric actuators and motors market in SAM is expected to grow from US$ 970.73 million in 2021 to US$ 1,476.34 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

Brazil and Argentina are major economies in SAM. Significant uses of piezoelectric technology in medical devices is the major factor driving the growth of the SAM piezoelectric actuators and motors market. From the past few years, the healthcare sector has witnessed a significant improvement in the design of medical equipment, along with better-streamlined functionality and performance. This, in turn, has improved the medical treatment methods. For example, piezoelectric transducers are used in ultrasonic dental scalers for ultrasonic removal of plaque and calculus, which is a more efficient method than traditional scalers. Similarly, piezoelectric ceramic components are increasingly being used in high-intensity focused ultrasound (HIFU) for the removal of tumors, as it is a minimally invasive and gentle treatment method with improved therapy success and fewer side effects in the human body. Also, piezoelectric technology is applied in ultrasonic surgery instruments that vibrate typically at 55 kHz, creating a wave of mechanical energy. This ultrasonic energy is transferred from a blade to tissue molecules, and the vibration improves the cutting and leads to better coagulation of the tissue, thereby reducing bleeding. Similarly, piezoelectric technology is applied in other medical devices such as ultrasound scanners for medical imaging and magnetic resonance imaging (MRI) systems as the actuator movement does not produce magnetic fields. Besides, piezoelectric actuators and pumps are extensively used in the lab and medical pumping and dosing equipment due to their precise, repeatable, and reliable fluid dispensing control. Furthermore, in modern times, economized multi-layer piezoelectric actuators are extensively used in medical devices, including medical pumps and hearing aids. Hence, the growing application of piezoelectric actuators in medical devices is proliferating the piezoelectric actuators and motors market growth.  

In SAM, Brazil recorded the highest number of COVID-19 cases, followed by Ecuador, Peru, Chile, and Argentina. Governments are imposing travel restrictions, lockdowns, and trade bans to contain the infection spread. Thus, the pandemic has been severely affecting the piezoelectric actuators and motors market growth in this region as manufacturing industry had halted its operations. However, recent relaxations in lockdown and the arrangement of large-scale vaccination drives are helping the economies to bounce back, which would allow many companies from manufacturing industries to regain their operations in the next a few quarters.     

  

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM piezoelectric actuators and motors market. The SAM piezoelectric actuators and motors market is expected to grow at a good CAGR during the forecast period. 

SAM Piezoelectric Actuators and Motors Market Segmentation

SAM Piezoelectric Actuators and Motors Market – By Product

• Piezo Motors
• Piezo Actuators

SAM Piezoelectric Actuators and Motors Market – By Application

• Automotive
• Industrial and Manufacturing
• Medical
• Aerospace
• Consumer Electronics
• Others

SAM Piezoelectric Actuators and Motors Market, by Country

• Brazil
• Argentina
• Rest of SAM

SAM Piezoelectric Actuators and Motors Market - Companies Mentioned

• APC International, Ltd.
• FAULHABER Group
• Johnson Electric Holdings Limited
• Microfine Materials Technologies Pte Ltd
• Physik Instrumente (PI) GmbH & Co. KG.
• PiezoMotor Uppsala AB
• piezosystem jena GmbH
• TDK Corporation

South America Piezoelectric Actuators and Motors Report Scope