Bearings are machine elements used to reduce energy loss caused by friction in the rotary parts of a broad range of equipment and machinery. There are several types of bearings such as ball bearings, roller bearings, plain bearings, and others. Technological advances and the growing need to address energy efficiency in a range of applications are leading to a continuous improvement in bearing designs. Therefore, the prospects for market growth of bearings are closely linked to the growth in production of high-performance industrial equipment and machinery.
The analysts forecast the global wind turbine bearing market to grow at a CAGR of 12.61% during the period 2016-2020.
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The report covers the present scenario and the growth prospects of the global wind turbine bearing market for 2016-2020. To calculate the market size, the report considers the average price of bearings.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
The report, Global Wind Turbine Bearing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Dalian Metallurgical Bearing
- SKF
- Timken
- TMB
- ZWZ
Other prominent vendors
- IMO
- Liebherr
- NSK
- NTN Bearing
- Rollix
- Rothe Erde
- Schaeffler
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Market driver
- Rise in offshore installations
- For a full, detailed list, view our report
Market challenge
- R&D in direct-drive generators for wind turbines will impact gearing demand
- For a full, detailed list, view our report
Market trend
- Growing environmental concerns
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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