Global Instrumented Bearing Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

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Research

Instrumented Bearing Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2014 - 2020

Published Date

2015-02-27

67 Page Report

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Global Instrumented Bearing Market to be driven by

Expanding Automobile Industry

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Instrumented Bearing Market

REPORT DESCRIPTION

Instrumented Bearing Market - Global Industry Analysis, Size, Share, Growth,

Trends and Forecast 2014 – 2020

Owing to the expansion of the automobile industry around the world, the global instrumented

bearing market is expected to be growing at an 8.6% CAGR between 2014 and 2020. The global

market is anticipated to reach a market value of US$938.4 million by 2020, not very far from

twice its 2013 value of US$523.3 million. Instrumented bearings refer to mechanical elements

that help in the reduction of friction that takes place between moving components/parts within a

machine. These generally consist of sensor units that help measure the rotatable ring’s angular

position with respect to that of the fixed ring contained in the bearing.

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Market :http://www.transparencymarketresearch.com/instrumented-bearingmarket.html

These bearings are applied in several application segments such as tire pressure monitoring

systems, adaptive cruise control, anti-lock braking systems, and other similar industrial

applications. Electronic stability control is another prominent automotive application area for the

global instrumented bearing market. Much of the demand for instrumented bearings comes from

the aerospace and defense industries around the world. Presently, the demand for instrumented

bearings is also influenced by the rising demand for energy efficiency in the...