Piezoelectric proportional valve is a pressure valve that provides reliable and accurate gas and liquid flow. Piezoelectric proportional valve is lightweight, small, durable, and energy saving. It is used as an alternative to conventional solenoid valve as they provide more benefits than the conventional valve in various application. 0-2.0 bar, 0-5.0 bar, 0-8.0 bar, and 0-10.0 bar are the most commonly used piezoelectric proportional valves.
Low power consumption, high switching speed, low weight, and high product life properties of the valve is expected to drive the piezoelectric proportional valve market. Growing demand for the piezoelectric proportional valve in automobile, medical, laboratory automation, and biotechnology automation is expected to fuel the market growth over the forecast period. However, high cost of the piezoelectric proportional valve is expected to restrain the market growth.
On the basis of type, the market is segmented into 0-2.0 bar, 0-5.0 bar, 0-8.0 bar, and 0-10.0 bar. 0-2.0 bar segment is expected to be the largest segment. These type of valves are used to control the flow rate inert gases. They are used in applications where flow rate reaches 50 SLPM.
The application segment of the market includes industrial, biotechnology environments, pharmaceutical medical, and others. Industrial segment is expected to be the largest application segment and is projected to maintain its dominance in the market over the forecast period owing to growing demand in laser cutting and tire industries.
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On the basis of regional regimentation, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to register highest growth rate owing to rising demand form pharmaceutical and medical industries in the region.
The major market players profiled in the piezoelectric proportional valve market are Hoerbiger, Festo AG & corp., DTI Motors, Duplomatic MS S.p.A. P.Iva, Parker Hannifin corp., and Emerson Electric Corp.