Sensor Bearing (Source: Waikato Bearings)
Demand is on the rise for bearing systems that can operate with higher levels of efficiency, longer service life and lower maintenance needs. And according to a recently published report, this demand will only increase in the years to come, as the sensor bearing market — currently valued at $5.1 billion — is tipped to rise to USD 6.5 billion by 2023, with a compound annual growth rate (CAGR) of 5.2 percent.
There are various factors expected to fue…
Source URL: Demand for Sensor Bearings Expected to Rise in the Coming Years
Source Website: Advance Engineering – Engineering.com
