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Lighting Fixtures Market expand at a CAGR of 5.4% from 2021 to 2031

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Transparency Market Research
Lighting Fixtures Market expand at a CAGR of 5.4% from 2021 to 2031

The use of piezoelectric actuators in the deployment of smart-structure technologies is one of the future application areas. Linear PZT motors with millimeters of high-resolution travel and rotational PZT motors are currently available, such advancements would impact a wide range of sectors, from medical devices to precision-tooling equipment.

Extremely fine, virtually infinite resolution is possible with the help of piezoelectric actuator with very high voltages corresponding to minute movements of expansion. The piezoelectric actuator is a device with great displacement precision, response speed, and force production capabilities. It is extensively utilized to support industrial machinery that requires precise position control. Its usage is expanding at a rapid pace in small electrical devices such as digital cameras and cell phones.


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Manufacturers in the lighting fixtures market are increasing their local production capacities to reduce dependence on China and other countries for raw materials during the ongoing coronavirus outbreak. The industry is likely to witness steady expansion driven by the increase in the demand for lighting fixtures and better resolution of supply chain issues in various countries. Domestic and global companies are in the midst of rapid shift in supply chain planning, operations, and inventory management to address the impact of the coronavirus pandemic. The reopening of country borders is helping resolve transport and logistic issues, owing to stringent regulations being followed during transport of raw materials for the market.


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