openPR Logo
Press release

Instrumented Bearing Market revenue will reach $164.84 billion by 2024

12-07-2017 09:06 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Esticast Research & Consulting

/ PR Agency: Esticast
As per the report “Instrumented Bearing Market by product type (Ball bearings, Plain bearings, Roller bearings),Industry Trends, Estimation & Forecast, 2016-2024”, the global Instrumented Bearing Market was valued at $92.75 billion in 2016, and is projected to reach $164.84 billion by 2024, growing at a CAGR of 7.6% from 2017 to 2024. In 2016, the ball bearing segment generated the highest revenue share, accounting to more around 50% of in the global instrumented bearing market in 2016. Among major regions, Asia Pacific instrumented bearing market was the highest revenue generating market valued at $38.81 billion in 2016.
“Associated technologies such as micro ball bearing technology for MEMS will help manufacturers monitor bearing operations constantly to ensure robustness, low friction and moving parts stability. Instrumented bearings are integrated with sensors to provide information on their surrounding environment, including vibration, temperature, direction, speed, load, levels of debris and other factors. The usage of MEMS technology will enable the instrumented bearing manufacturers to explore new application areas”
To know more about the report, visit at https://www.esticastresearch.com/market-reports/instrumented-bearing-market
Ball Bearing segment lead the global instrumented bearing market in 2016 growing with a CAGR of 7.4% during the forecast period
The ball bearing market segment lead the global instrumented bearing market garnering a revenue of $48.17 billion in 2016 as a result of increased application of instrumented ball bearings as an essential component in railway coaches, automotive wheels, motor engines, hard drives, consumer electronics, and others. However, the instrumented roller bearing market is expected to witness the highest CAGR of 7.9% during the forecast period owing to their higher efficiency and prolonged life.
Automotive segment lead the global instrumented bearing market holding nearly 44% of the total market
The automotive segment generated a revenue of $41.2 billion in 2016 and is expected to grow with a CAGR of 7.4% during the forecast period as a result of ever growing need of vehicle production all over the globe. The growing production of vehicles globally is directly influencing the growth in demand for instrumented bearings used in automotive parts as automotive bearings are used in car hub units, truck hub units, belt tensioners, water pump spindles and others. However, the highest growth rate of 8.3% is expected to be witnessed by aerospace equipment segment.
Request Sample Copy of the Report@https://www.esticastresearch.com/market-reports/instrumented-bearing-market/request-sample
Asia Pacific region lead the global instrumented bearing market in 2016 growing with a CAGR of 7.5% during the forecast period
Geographically, the global instrumented bearings market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Asia-Pacific region generated the highest revenue of $38.81 billion in 2016 and will continue leading the market till 2024.
Global Instrumented Bearing Market Key Findings
• The Ball bearing market segment lead the global instrumented bearing market garnering a revenue of $48.17 billion in 2016.
• Asia Pacific region lead the global instrumented bearing market in 2016 growing with a CAGR of 7.5% during the forecast period
• The automotive segment generated a revenue of $41.2 billion in 2016 and is expected to grow with a CAGR of 7.4% during the forecast period
• Europe is expected to have the highest CAGR of 7.8% over the forecast period

Browse complete TOC with 125 Pages - List of Tables 22 and List of Figures 28 of Instrumented Bearing Market@https://www.esticastresearch.com/market-reports/instrumented-bearing-market/toc
The key market players are SKF Group, Schaeffler Group, The Timken Company, NTN Corporation, JTEKT Corporation, NSK Ltd., and others. The instrumented bearing market is a consolidated market and six top players acquired more than 80% of the market share in 2016. These key players include NSK Ltd., JTEKT Corp., NTN Corp., The Timken Company, SKF Group, and Schaeffler Group.
About Us
Esticast Research & Consulting is a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated market research reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges. We specialize in providing 360 degree view of the markets to assist clients in determining new opportunities and develop business strategies for the future with data and statistics on changing market dynamics. Esticast Research & Consulting Market Research has expert analysts and consultants with an ability to work in collaboration with clients to meet their business needs and give opportunities to thrive in a competitive world. A comprehensive analysis of industries ranging from healthcare to consumer goods and ICT to BFSI is provided by covering hundreds of industry segments. The research reports offering market forecasts, market entry strategies, and customer intelligence will help clients across the world in harnessing maximum value on their investment and realize their optimum potential.

Contact
Esticast Research & Consulting
410 State Route 57 East,#206, Washington, NJ 07882
Tel: +1-908-379-7709
Email: sales@esticastresearch.com

Esticast Research & Consulting is a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated market research reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges. We specialize in providing 360 degree view of the markets to assist clients in determining new opportunities and develop business strategies for the future with data and statistics on changing market dynamics.

410 State Route 57 East,#206, Washington, NJ 07882

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Instrumented Bearing Market revenue will reach $164.84 billion by 2024 here

News-ID: 847017 • Views:

More Releases from Esticast Research & Consulting

Kitchen Appliances Market Revenue Will Reach $297.1 Billion By 2024, Says Esticast Research and Consulting
Kitchen Appliances Market Revenue Will Reach $297.1 Billion By 2024, Says Estica …
Global Kitchen Appliances Report concentrates on the strong analysis of the present state of Kitchen Appliances industry which will help the readers to develop innovative strategies that will act as a catalyst for the overall growth of their industry. This research report segments the Kitchen Appliances industry according to Type, Application and regions. This thorough Kitchen Appliances Market analysis report incorporates shortly on these trends that may assist the companies
Global Automotive Test Equipment Market Overview 2019 – Honeywell International Inc., Delphi Automotive PLC, ABB Ltd.
Global Automotive Test Equipment Market Overview 2019 – Honeywell Internationa …
Automotive test equipment enables a manufacturer to verify if a vehicle adheres to the government safety standards, in order to ensure the safety of the passengers. These equipment are required for lubricant aeration, engine oil consumption, and measuring the engine wear, fuel dilution & evaporation. Get Sample PDF of a Report at https://www.esticastresearch.com/market-reports/automotive-test-equipment-market/request-sample Global Automotive Test Equipment market research report delivers an in depth study with present and future Opportunities to clarify
Global IT Relocation Services Market 2019-2025 - Curvature, OPUS IT, IDM Works
Global IT Relocation Services Market 2019-2025 - Curvature, OPUS IT, IDM Works
Global IT Relocation Services Market research report is delivering key insights and providing a competitive advantage to clients through a detailed report. The IT Relocation Services report is helpful for new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology. Ask Sample PDF of IT Relocation Services Market Report: https://www.esticastresearch.com/market-reports/it-relocation-services-market/request-sample IT Relocation Services Market – Overview The data associated
Intelligent Virtual Assistant Market Analysis and in-Depth Research on Market Dynamics, Trends, Emerging Growth Factors and Forecasts to 2025
Intelligent Virtual Assistant Market Analysis and in-Depth Research on Market Dy …
Global Intelligent Virtual Assistant Market research report is delivering key insights and providing a competitive advantage to clients through a detailed report. The Intelligent Virtual Assistant report is helpful for new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology. Intelligent Virtual Assistant Market was valued at $1.1 billion in 2016 and is projected to reach $11.9

All 5 Releases


More Releases for CAGR

[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 According to the report published by Allied Market Research,
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032. This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031. Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,