Slewing Bearings Market Analysis- By
Gear Types (Ungeared, External Gear, Internal Gear); By Construction
(Single-row Four Point Contact Ball, Cross roller, Double roller); By
Applications (Excavation, Medical, Turbines) with Forecast (2015 - 2020)
Slewing Bearing is a
rotational bearing component which is usually used in machines which requires
heavy and bulky load handling. These bearings
help in developing to and fro movements as well as rotational movements.
Basically these are the machine elements, that work based on axial and radial
forces which results in tilting moments. This
latest market report consists of a detailed study on Slewing Bearings Market which is forecast between 2014 and
2020 based on several segments including type of gears, construction / design, rolling elements, applications and
geography.
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for Sample Data / Brochure:
According to IndustryARC Analysis, slewing bearings market is projected to increase from $2.8bn in
2014 at a CAGR of 6.9%. The market is increasing due to the growing demand for
renewable energy sources such as wind turbines and solar panels. Wind and Solar
energy are one of the major applications of slewing bearings and is estimated to grow at a CAGR of 8.2% to
$602M by 2020.
Installation of solar plants is increasing majorly in India,
China and South America. One of the top companies related to solar energy
mentioned that solar power would become cheaper than fossil fuels by 2020 and
its cost is competing with coal prices in some places. Cost of solar power is dropping
fast, thus number of companies entering this segment is also on the rise. Demand
for slewing bearings is
proportionate to solar plant installations.
Make
Buying:
Similarly installations of wind turbines in 2014 was more
than four times when compared to previous year 2013 and is expected to increase
further by the end of 2015, because the cost of wind energy dropped by 50%
during 2010-2014, due to the advancing technologies. Large rotor diameters of
wind turbines are increasing the demand for slewing bearings market.
Table of
contents and insights:
The
slewing bearing market is concentrated
among four to five major players in 2014. Major players own a market share of
more than 60% in the revenue; which are ThyssenKrupp, IMO Group, SKF Group,
Forgital Group and NTN-SNR. These global players account for significant share primarily
due to the loyal customer base and brand reputation. Moreover, these players
are actively looking to increase their market share in the next five years by
making effective partnerships and acquisitions.
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for Customization
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