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Sensor Bearing Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2020-02-04   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 8295 |  Industry: Machinery & Equipment  |   Format : pdf word ppt excel



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Precise measurement of parameters like relative position, speed, acceleration, and direction is crucial in AC motors, hydraulic motors, electric vehicle drive systems, industrial machineries, and various other rotating applications. This is where the role of sensor bearing comes into play. Sensor Bearings are considered a suitable option in order to reduce the equipment size as well as weight in applications, wherein the measurement of speed and direction is significant.

Widespread Application in the Automotive and Industrial Sector to Accelerate Market Growth

Increasing automotive and industrial applications of Sensor Bearing is one of the key factors driving the market. Growing demand for automobiles across the globe is fuelling the demand for sensor bearings. Furthermore, growing adoption of IoT in bearing technology is likely to present lucrative opportunities for the Sensor Bearing market in future. Advancements in sensor technology are also expected to positively impact the growth of the Sensor Bearing market.

Sensor Bearing Market

Manufacturers to Introduce Smart Sensor Bearings in the Coming Future

The report has analysed the key manufcaturers of Sensor Bearing including SKF, ABB Group, EFI Automotive, Schaeffler Technologies AG & Co. KG, Thomson Industries, NTN Corporation, NSK Corporation, Timken, JTEKT Corporation, ABB Group, Mageba SA, Fersa Bearings, BRTEC, Mageba SA, Wafangdian Bearing, Nachi Europe GmbH, Jtekt, Fersa Bearing SA, and Harbin Bearing Manufacturing.

Key players are introducing smart sensor bearings that can offer high consistency and performance at lower operating costs. For instance, ABB Group has launched the ABB Ability™ Smart Sensor for mounted bearings, part of the company’s Ability™ Digital Powertrain. These sensors enable “health checks” for bearings and help in preventing the unexpected downtime and increasing the equipment life.

Market Segmentation

By Functionality

Speed

Temperature

  Vibration

Displacement

By Application

 ABS

 Material Handling Equipment

 Electric Motors

End Use

 Automotive

Transportation

Metal & Mining

Researchers say that Sensor Bearing is likely to find extensive usage in anti-lock braking system (ABS) as the installation of ABS is increasing in the vehicles, thus driving the demand for Sensor Bearings. As far as the functionality is concerned, most of the vehicles are equipped with wheel speed sensors so as to prevent accidents. The automotive sector has emerged as the major end-use sector in the Sensor Bearing market.

By Region

world_regions

High demand for Sensor Bearings from the aerospace industry and increasing R&D investment are driving the market in North America. APAC region is also not falling back. Surge in the installation of ABS systems in vehicles is creating robust demand for Sensor Bearings in Asia Pacific countries. Moreover, most of the manufacturers are setting up their production facilities in APAC as the demand for automotive vehicles is on the rise in this region.

The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.

The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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  You must accept our privacy policies before submit your requirement




Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Sensor Bearing Market Report