(MENAFN- PR Newswire) 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
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