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
Five-year Sole Supply Agreement for ExxonMobil and Infinis
The Internet of Things Explained by a Professor
Safety Performance Products Range
Titan Enterprises Enters RS Components Flowmeters Catalogue
Power Entry Module DG11
Siemens Signed a Historic IoT Agreement with Alibaba
Basler AG Signed a Join Venture Agreement with Chinese Distributor Beijing Sanbao Xingye
Programmable Gateway and Universal I/O Module
Siemens and Evonik Announced their Technology Partnership
Differential Pressure Sensor EE600
Mercury: Mobile, multi-protocol diagnostics for all environments
System-based High Precision Linkages
Hannay Works Here
Sure Signs of Excellence: Top Notch Products Offering Added Value
HOT! Innovative Infrared Technology
Temperature Sensors in Stock for Immediate Worldwide Despatch
FANDIS' FF Series of Filter Fans
Sensing Innovation in Process and Control
Innovative Systems Solutions Made by LAPP
SAFETY? That's our top Priority