The global piezoelectric proportional valve market was valued at US$ 651.6 Mn in 2016 and is projected to register a CAGR of 5.5% from 2017 to 2026. The 0–2.0 bar type segment in the global piezoelectric proportional valve market is estimated to account for major revenue share of 43.6% in 2017 owing to factors such as high availability, less energy consumption, and high efficiency and performance levels when compared to conventional/solenoid proportional valves.
North America market dominates the global piezoelectric proportional valve market and accounts for XX% revenue share. The market in Europe is expected to witness highest growth and account for a CAGR of XX% during the forecast period. This growth is attributed to rising demand from pharmaceutical, medical and automobile industries. Asia Pacific market is expected to witness significant growth in terms of revenue generation, especially from China as it is the second largest consumer of piezoelectric proportional valve.
Companies profiled in the report are Hoerbiger, Festo AG & corp., DTI Motors, Duplomatic MS S.p.A. P.Iva, Parker Hannifin corp., ASCO Valve, Inc., AirCom Pneumatic GmbH.