A key factor driving the market’s growth is the substitution of steel balls with ceramic balls. Ceramic balls are increasingly replacing steel balls in various applications such as valves, agitators, and grinding media. They are more advantageous than steel bearings. The major advantage of ceramic balls over their steel counterparts is their less weight. This is because the density of ceramic balls is nearly half the density of steel balls.
This market research report on the global ceramic balls market provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the increasing use of hybrid ceramic ball bearings as one of the key emerging trends in the global ceramic balls market:
Global ceramic balls market: Increasing use of hybrid ceramic ball bearings
With the increased popularity of ceramic balls, vendors are coming up with hybrid ceramic balls. Hybrid ceramic ball bearings are a combination of steel rings and ceramic balls which are precisely matched. These hybrid ceramic ball bearings offer greater advantages than the traditional steel bearings. Some of the advantages of hybrid ceramic ball bearings include prevention of electrical arcing and lower maintenance costs.
“Hybrid bearings can be used for machine tool spindle bearings, electric motor bearings, turbocharger bearings, cryogenic and non-cryogenic pump bearings, and actuation bearings. The hybrid bearings using ceramic balls are specially designed for high-grade electrical isolation applications. Hybrid ceramic bearings are highly preferred in machine tools and power generation industries,” says a senior analyst at Technavio for research on glass and ceramics.
Global ceramic balls market: Segmentation analysis
This market research report segments the global ceramic balls market into the following end-users (oil and gas, petrochemicals, and process industry (PI)) and key regions (the Americas, APAC, and EMEA).
The oil and gas segment held the largest market share in 2017, accounting for more than 39% of the market. This segment is expected to project steady growth during the forecast period.
APAC was the leading region for the global ceramic balls market in 2017, accounting for a market share of approximately 40%. The market share of this region is anticipated to increase by almost 2% by 2022.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.