Abstract: The invention relates to a method for fabricating piezoelectric composite material comprising steps of mixing a piezoelectric ceramic powder, an adhesive, a cross-linking agent, a lubricant and a plasticizer to form a slurry; extruding the slurry to form a piezoelectric ceramic green fiber; sintering the piezoelectric ceramic green fiber to form the piezoelectric ceramic fiber; arranging the piezoelectric ceramic fiber in a mold according to a predetermined volumetric content; and adding a polymer into the mode to form a polymer matrix of piezoelectric composite material. A piezoelectric power generating device including a piezoelectric power generating element made of the piezoelectric composite material is also provided.