"The Report Global Wind
Turbine Bearing Market 2016-2020 provides information on pricing,
market analysis, shares, forecast, and company profiles for key
industry participants. - MarketResearchReports.biz"
MarketResearchReports.biz
has announced the addition of a new market study to its repository,
titled “Global
Wind Turbine Bearing Market
2016-2020,” that offers a complete study with detailed analysis of
the historical market performance, present trends, and future
prospects of the market across the world. The report predicts the
global market for wind turbine bearing to grow at an impressive CAGR
of 12.61% from 2016 to 2020.
Bearings,
put simply, essentially help in lowering energy loss caused by
friction during rotational or linear movement. The different types of
bearings in the market are plain bearings, ball bearings, and roller
bearings, among others. Technological progress and the pressing need
to bring about energy efficiency in a wide array of applications have
led to many improvements 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.
Some
of the factors driving the global wind turbine bearing market are the
lowering in LCOE of wind power generation, rise in rotor diameter,
and the growth in offshore installations. On the contrary, hobbling
the growth in the market is the competition from fossil fuels, rising
research and development in direct-drive generators for wind
turbines, and high investment requirement in off-shore projects.
Besides, bearings also result in high failure rate of wind turbine
component. This has also crimped their market.
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Having
discussed the growth drivers and restraints, the report goes on to
segment the market based on application into onshore wind turbine
market and offshore wind turbine market. It also segments the market
based on geography into Asia Pacific, the Americas, and the Europe,
Middle East and Africa. Among them, powered by North America which
has seen a shift towards wind energy from solar on account of
mandates regulating carbon emissions, the Americas lead the overall
market. Europe and Asia Pacific, on the other hand, are slated to
grow at the healthy clip in the near future because of policy support
and increasing government initiatives supporting wind turbine
installation.
The
global market for wind turbine bearing is well diversified and is
characterized by stiff competition among well-entrenched
international and regional vendors. Players try to outsmart one
another on the basis of complexity of the manufacturing process,
offshore and onshore application of bearings, and services. The
end-use segments of the market are industrial, residential, and
commercial. Among them, the industrial sector accounts for maximum
demand.
View Press Release @
http://www.marketresearchreports.biz/pressrelease/3816
To
assess the competition prevailing in the global market for wind
turbine bearing, the report provides a detailed analysis of prominent
companies such as Rothe Erde, ZWZ, Dalian Metallurgical Bearing
Group, SKF, Timken, LYC Bearing, Xibei Bearing, and Schaeffler Group.
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