The global Roller Bearings industry to grow at a CAGR of 4.33% during the period 2017-2021.
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The following companies as the key players in the global roller bearings market: NSK, NTN Bearing, Schaeffler, SKF, and Timken.
Other Prominent Vendors in the market are: Brammer, C&U, HKT, HRB, Minebea, NBI Bearings, RCB bearing, and Rexnord.
Complete report on the Roller Bearings Market Research Report spread across 82 pages, profiling 13 companies with table of content is now available at www.reportsnreports.com/contacts/d….aspx?name=976634 .
Roller Bearings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.
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The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is increase in size of rotor diameter. Unlike conventional power plants, wind energy generation is highly dependent on the meteorological conditions, especially wind speed.
The maximum energy that can be harnessed by wind turbines is roughly proportionate to the swept area of the rotor. Technological advances and blade designs are the main factors leading to the increase in wind turbine output and capacity.
By doubling the rotor size or diameter, the power output increases by a factor of four.
According to the report, one of the major drivers for this market is rise in offshore installation. Offshore wind energy has been present in small numbers.
Countries worldwide are beginning to invest in installing offshore wind farms. Though the technology presents some inherent difficulties such as the higher cost of installation, complex and costly maintenance operations, many governments have committed themselves to installing more offshore wind power.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Further, the report states that one of the major factors hindering the growth of this market is cartelization and competition. Competition in the bearing industry, especially ball and roller bearings, has intensified on a global level, and the pace of change in the business environment has accelerated.
To restrict the entry of new competitors and maintain market dominance, key players are colluding and fixing the prices of bearings.
This report covers the present scenario and the growth prospects of the global roller bearings market for 2017-2021. The market size is calculated based on the demand for the roller bearings.
The market has been segmented based on end-user and geography.
Roller bearings are a type of antifriction bearings. Roller bearings are similar to ball bearings; however, roller bearings, unlike the balls in ball bearings, use cylindrical rollers.
Roller bearings have higher radial load capacity than ball bearings. Bearings are machine elements that reduce energy loss caused by friction in the rotary motion parts of a broad range of equipment and machinery.
There are several types of bearings, such as ball bearings, roller bearings, and plain bearings. Technological advances and the growing need to address energy efficiency in many applications result in the continuous improvement of bearing designs.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry 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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