Sensor bearings are advance bearings that are used to accurately monitor the status of rotating or linear components.
The demand for sensor bearings are increasing day by day due to high demand from industrial and automotive applications such as electric motors, electric vehicles, road rollers, tractors, forklifts and conveyors
The global sensor bearing market is estimated to grow at a CAGR of XX% in terms of value from 2017 to 2022. In terms of value the market recorded a consumption of XX.X USD Million in 2016 and is expected to reach XX.X USD Million by 2022 growing at a CAGR of X.X% in between 2017 to 2022. Asia-Pacific recorded the highest consumption of sensor bearing in 2016 and will continue to follow similar trend due to robust growth in the Asia-Pacific region and increased activity in countries such as India, Japan and South Korea.
The market has been segmented on basis of end-user industries such as industrial automation/ robotics, automotive, power transmission/ e-motor, conveyor belts & elevators, and others. Industrial automation held the largest share in 2016 followed by automotive owing to technological development in emerging markets such as Asia-Pacific and South & Central America.
On basis of functionalities, the market is segmented into speed, temperature, vibration, power shift and others. The temperature segment held the largest share in 2016 and is expected to be growing at the highest CAGR during the forecast period.
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders such as CEOs, directors, and marketing executives. A detailed market share analysis of the leading players in the global sensor bearing market has been covered in this report. The key companies in this market include SKF (Sweden), NTN Bearing Corporation (U.S.), Timken (U.S.), NSK Ltd. (Japan), Torrington Bearing (U.S.), Thomson Industries (U.S.), Baldor Electric Company (U.S.), Schaeffler technologies AG & CO. KG (Germany), and others.
Please fill in the form below to receive a free copy of the Summary of this Report
Please visit http://www.micromarketmonitor.com/custom-research-services.html to specify your custom Research Requirement