Global Sensor Bearings Market to Reach $10.1 Billion by 2030: ABB, SKF, NSK Ltd., JTEKT Corporation, Schaeffler AG, NTN Corporation & The Timken Company Among Key Player

News provided by 21 Jul, 2023, 22:00 ET Share this article DUBLIN, July 21, 2023 /PRNewswire/ -- The "Sensor Bearings - Global Strategic Business Report" report has been added to

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21 Jul, 2023, 22:00 ET

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DUBLIN, July 21, 2023 /PRNewswire/ -- The "Sensor Bearings - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Sensor Bearings estimated at US$6.5 Billion in the year 2022, is projected to reach a revised size of US$10.1 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030.

Speed, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$4.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Temperature segment is readjusted to a revised 5% CAGR for the next 8-year period. The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 5.2% CAGRThe Sensor Bearings market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 5.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.Select Competitors (Total 33 Featured) -

Key Topics Covered: I. METHODOLOGYII. EXECUTIVE SUMMARY1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITIONFor more information about this report visit https://www.researchandmarkets.com/r/u8bbk

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