Slewing Bearings are key static structural components in a machine which help in transmitting axial, radial and tilting moment loads by facilitating the movement of the devices. These bearings are used in a number of equipment such as cranes, wind turbines, excavators and many more. The advantage is that they handle all types of loads in one assembly and thus compensates need for other rotational design.UNDERSTANDING THE MARKET PULSEThe Market for Slewing Bearings
has been growing consistently over the years. With rising demand from different industries, this market is projected to showcase prominent growth in the coming years as well, representing a substantial opportunity for bearing manufacturers and suppliers. The key factors driving the market growth are:Rising demand from end-use industriesThe slewing bearings are deployed in extensive range of industries:
- Solar & Wind
- Medical and so on.
Each end use industry exhibits different demand patterns. The construction, excavation, and wind turbine industries are the established end users of the slewing bearings and holds significant market value. In this market, the demand is set to increase with notable development in the marine, robotic, water treatment and solar sectors. The renewable energy segment is one of the most profitable markets as many countries are initiating world-class projects to harness large amount of energy. By 2020, the worldwide solar energy production is estimated to touch 2,000 billion MWH. Egypt aims to generate 4,300 MW of energy by installing solar and wind energy plants in the next three years and increase renewable energy share
in the overall energy consumption to around 20% by 2020. Moreover, the technologically advanced country, Japan, is building floating solar stations to overcome land unavailability. Kyocera, electronics giant of the country, plans to build many of such stations to realize the dream of doubling the solar energy capacity by 2030. These plants approximately employ 9,100 solar panels, which in turn, is estimated to employ two to three slewing bearings.
Browse Related Reports:
- Factory Automation Market: By Electrical Components (Inverters, Touch Panel, Timers, Controllers, Breakers, Switches, Convertors, Others) By End User Industry (Automobile, Packaging, Chemical, Oil & Gas, Food And Beverage) Forecast (2015-2020).
is a research and consulting firm that publishes more than 500 reports
annually in various industries, such as Agriculture, Automotive,
Automation & Instrumentation, Chemicals and Materials, Energy and
Power, Electronics, Food & Beverages, Information Technology, Life
sciences & Healthcare.
primarily focuses on Cutting Edge Technologies and Newer Applications of
the Market. Our Custom Research Services are designed to provide
insights on the constant flux in the global demand-supply gap of
markets. Our strong analyst team enables us to meet the client research
needs at a very quick speed with a variety of options for your business.
look forward to support the client to be able to better address
customer needs; stay ahead in the market; become the top competitor and
get real-time recommendations on business strategies and deals. Contact
us to find out how we can help you today.
Mr. Sanjay Matthews
Business Development Manager
Contact Sales: 1-614-588-8538 (Ext-101)Connect with us on LinkedIn