Instrumented Bearing Market 2020

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Transparency Market

Research

Increasing Vehicle Ownership Worldwide to Bolster

Instrumented Bearing Market

Published Date

2015-02-27

67 Page Report

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Report

Instrumented Bearing Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 - 2020

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Instrumented Bearing 2016

REPORT DESCRIPTION

Instrumented Bearing Market

latest market study offering by Transparency Market Research

(TMR), the global instrumented bearing market is projected to

reach a valuation of US$938.4 million by 2020. The report, titled

“Instrumented Bearing Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2014 - 2020”,

states that the market, which had a valuation of US$523.3

million in 2013, will register an 8.6% CAGR from 2014 to 2020.

Global Instrumented Bearing Market was valued at USD 570.4 million in 2014, growing at a

CAGR of 8.6% from 2014 to 2020. Bearings are machine elements that are primarily used for

reducing friction between moving parts. Instrumented bearings are integrated with sensor units

for measuring angular position of the rotatable ring with respect to the fixed ring of the bearing.

The information collected through these sensors are used in various applications such as anti

lock braking system, adaptive cruise control, tire pressure monitoring system and other industrial

sectors.

The global instrumented bearing market is segmented by region into North America, Europe,

Asia-Pacific (APAC) and Rest of the World (RoW). The instrumented bearing market is primarily

driven by increase in automobile production globally. In addition, the growing demand for

instrumented bearings from defense and aerospace industry is also influencing the growth of this

market. Need for energy...