Renewable Energy Sector

  Enquire / contact me

Spurs the European Bearings Market

Renewable Energy Sector
Renewable Energy Sector

The European bearings market is expected to grow marginally over the forecast period with demand from the expanding oil and gas sector in the region, particularly in Eastern European countries, likely to increase. While political uncertainty and financial instability in Europe have restricted the growth of the bearings market previously, their impact is expected to reduce towards the end of 2017. New analysis from Frost & Sullivan, European Bearings Market, finds that the market earned revenues of more than $12.32 billion in 2012 and estimates this to reach $13.64 billion in 2017. The research covers ball bearings as well as tapered, needle, cylindrical and spherical roller bearings. “Europe’s plan to raise the share of renewable energy in its energy consumption mix is expected to boost the solar, bio-fuel, wind, tidal and hydro-electric energy sectors,” said Frost & Sullivan Industrial Automation and Process Control Research Analyst Guru Mahesh. “Consequently, the use of bearings for wind, tidal and hydro-electric turbines is likely to go up, fuelling market revenues.”

Posted on November 14, 2013 - (1494 views)
by
Related articles
Aucotec Presents the DCS Portal at SPS IPC Drives 2018
LMI Technologies Receives the Certification for Integration with Universal Robots
SIKO Presents the PositionLine at SPS IPC Drives 2018 with IEN Europe
SIKO Presents the MagLine at SPS IPC Drives with IEN Europe
Better HMI and Evolution from PCBs to PLCs Pave the Way for New Market Opportunities
Interface Technology
The CC-Link Partner Association Announces the Future Of Open Industrial Ethernet
Continued Market Growth Is Testament To The Development Of PLCs
Industrial Ethernet
Biocompatible Medical Cable
Sensing Innovation in Process and Control
Ultrasonic Flowmeter TRX
Hannay Reels Delivers Every Time
Multi-protocol Network Diagnostics
Take your Manufacturing to the Edge. Connect Everything
Power in new Dimensions - BXT Motor Family
Mechanical Position Sensor MP600 Series
Heaters of H series
3 Phase Book Style EMC Filter
Leading Distributor in Automation & Robotics Technology
Labfacility L60+ Thermocouple & Fine Wire Welder
Integrated Servo Motor
Single-Stage Filter
Medical Grade PC
High Speed and High Definition Camera
Multi-function Sensor Module
Drive for Marine Installations
AC/DC Desktop Power Adapters
Monitoring Fugitive Emissions & Leaks
Integrated Drive for Induction Motors
Aucotec Presents the DCS Portal at SPS IPC Drives 2018
LMI Technologies Receives the Certification for Integration with Universal Robots
SIKO Presents the PositionLine at SPS IPC Drives 2018 with IEN Europe
SIKO Presents the MagLine at SPS IPC Drives with IEN Europe
Multi-protocol Network Diagnostics
Interroll Launches its Versatile Drive Platform at Sauber Motorsport
Brushless Flat DC-Servomotors with more torque
Labfacility L60+ Thermocouple & Fine Wire Welder
SCADA for Supervision and HMI
Power in new Dimensions - BXT Motor Family