[b]Slewing Bearing[/b] is a rotational bearing component which is usually used in machines which requires heavy and bulky load handling. These bearings help in developing to and fro movements as well as rotational movements. Basically these are the machine elements, that work based on axial and radial forces which results in tilting moments. This latest market report consists of a detailed study on [b]Slewing Bearings Market[/b] which is forecast between 2014 and 2020 based on several segments including type of gears, construction / design, rolling elements, applications and geography.

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According to IndustryARC Analysis, [b]slewing bearings market[/b] is projected to increase from $2.8bn in 2014 at a CAGR of 6.9%. The market is increasing due to the growing demand for renewable energy sources such as wind turbines and solar panels. Wind and Solar energy are one of the major applications of [b]slewing bearings[/b] and is estimated to grow at a CAGR of 8.2% to $602M by 2020.

Installation of solar plants is increasing majorly in India, China and South America. One of the top companies related to solar energy mentioned that solar power would become cheaper than fossil fuels by 2020 and its cost is competing with coal prices in some places. Cost of solar power is dropping fast, thus number of companies entering this segment is also on the rise. Demand for [b]slewing bearings[/b] is proportionate to solar plant installations.

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Similarly installations of wind turbines in 2014 was more than four times when compared to previous year 2013 and is expected to increase further by the end of 2015, because the cost of wind energy dropped by 50% during 2010-2014, due to the advancing technologies. Large rotor diameters of wind turbines are increasing the demand for [b]slewing bearings market[/b].

[b]Table of contents and insights:[/b]
http://industryarc.com/Report/6346/Slewing-Bearings-Market-Research-Report.html

The [b]slewing bearing market[/b] is concentrated among four to five major players in 2014. Major players own a market share of more than 60% in the revenue; which are ThyssenKrupp, IMO Group, SKF Group, Forgital Group and NTN-SNR. These global players account for significant share primarily due to the loyal customer base and brand reputation. Moreover, these players are actively looking to increase their market share in the next five years by making effective partnerships and acquisitions.

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