DUBLIN, July 21, 2023 /PRNewswire/ — The “Sensor Bearings – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Sensor Bearings estimated at US$6.5 Billion in the year 2022, is projected to reach a revised size of US$10.1 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030.
Speed, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$4.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Temperature segment is readjusted to a revised 5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 5.2% CAGR
The Sensor Bearings market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 5.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Select Competitors (Total 33 Featured) –
- ABB
- Beijing Zhongxuan Bailian Technology Co., Ltd.
- Fersa Bearings
- Harbin Bearing Manufacturing Co., Ltd.
- JTEKT Corporation
- Mageba
- Nachi Europe GmbH
- NSK Ltd.
- NTN Corporation;
- Schaeffler AG
- SKF
- The Timken Company
- Thermometrics Corporation
- Thomson Industries, Inc.
- Waukesha Bearings Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Sensor Bearings – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/u8bbk
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:SOURCE Research and Markets
