Global Electrically Insulated Bearings Market Research Report 2022
The global Electrically Insulated Bearings market is projected to reach US$ 3759.09 million by 2028 from an estimated US$ 2651.83 million in 2022, at a CAGR of 5.99% during 2022 and 2028. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Electrically Insulated Bearings is estimated to increase from $ 757.89 million in 2022 to reach $ 1093.52 million by 2028, at a CAGR of 6.3% during the forecast period of 2023 through 2028.
Asia-Pacific market for Electrically Insulated Bearings is estimated to increase from $ 832.41 million in 2022 to reach $ 1180.35 million by 2028, at a CAGR of 5.99% during the forecast period of 2022 through 2028.
The major global manufacturers of Electrically Insulated Bearings include SKF, NTN, Schaeffler Group, JTEKT, NSK, NKE, TIMKEN, NACHI, ZWZ and Lily Bearing, etc. In 2021, the world's top three vendors accounted for approximately 41.87% of the revenue.
The global market for Electrically Insulated Bearings in Traction Motors is estimated to increase from $ 1053.04 million in 2022 to $ 1444.24 million by 2028, at a CAGR of 5.41% during the forecast period of 2022 through 2028
Report Scope
This report aims to provide a comprehensive presentation of the global market for Electrically Insulated Bearings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrically Insulated Bearings.
The Electrically Insulated Bearings market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028. This report segments the global Electrically Insulated Bearings market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electrically Insulated Bearings manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
SKF
Schaeffler Group
NSK
NTN
JTEKT
TIMKEN
NACHI
LYC Bearing
NKE
ZWZ
LYRA BEARING
JIUXING
Lily Bearing
BTC Engineering
IKL BEARINGS
Segment by Type
Deep Groove Ball Bearings
Angular Contact Ball Bearings
Cylindrical Roller Bearings
Others
Segment by Application
Traction Motors
Electric Motors
Generators
Others
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
Rest of APAC
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
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