High Voltage Motor Sleeve Bearing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of High Voltage Motor Sleeve Bearing Market
The high voltage motor sleeve bearing market size was valued at USD 2.37 billion in 2022, and the market is now projected to grow from USD 2.55 billion in 2023 to USD 4.37 billion by 2030, exhibiting a CAGR of 8.0% during the forecast period of 2023-2030.
The COVID-19 pandemic leads the reduction in demand and volatility in prices causing short-term disruptions in market growth. Due to reduced demand and high operational costs, machinery and manufacturing décor is witnessing significant reductions in market growth.
The demand for electricity is rising due to rising urbanization will surge market growth during projection period.Government has planned the robust infrastructure projects to meet urban development needs through a smart ecosystem, and energy requirements in the logistics and passenger moving industries are fueling the market expansion. The post-pandemic resurgence of supply and demand, as well as significant players' product portfolio rearrangement, have produced favorable conditions for market expansion.
Additionally, due to growing renewable energy sector and infrastructure upgrade investments to increase sleeve bearing adoption will create remarkable opportunities for market growth. Developing countries are seeing increased infrastructure development in sectors such power generation, manufacturing, oil and gas, and mining. Moreover, the global endeavor to meet carbon neutrality standards for environmental sustainability has accelerated clean energy generation activities, driving demand for high voltage motor sleeve bearings. In addition, many government organizations are making investments in infrastructure upgrades, including power generation, transmission, and distribution propelling high voltage motor sleeve bearing market growth for future endeavor. By upgrading and installing new motors and replacing or renovating existing engines with newer high-voltage motors equipped with sleeve bearings for smooth operation.
Comprehensive Analysis of High Voltage Motor Sleeve Bearing Market
The high voltage motor sleeve bearing market is rising with an exponential rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the high voltage motor sleeve bearing management industry. These segmentations are methodically segregated by segment and by application. The By Type segment include Below 100 mm, D 100 - 200 mm, D 200 - 400 mm, D 400 - 600 mm, and Above 600 mm, and By Application segment include Below Frame 355 mm, Frame 355 - 560 mm, and Above Frame 560 mm.
In the high voltage motor sleeve bearing market, Asia Pacific region lead the high voltage motor sleeve devices market with a market size of USD 1.28 billion in 2022 owing to infrastructure projects to meet urban development needs and growing renewable energy sector and infrastructure.
The top players in the market play a crucial role in the high voltage motor sleeve bearing industry assuring industrial prospectus growth and setting market standards. These players include, AB SKF (Sweden), Schaeffler AG (Germany), Miba AG (Austria), The Timken Company (U.S.), NTN Corporation (Japan), Misumi Group Inc. (Japan), Igus GmbH (Germany), RENK AG (Germany), Hunan Sun Technological Corporation (China) and Shenke Slide Bearing Corporation (China) these market players provide a level-playing competitive landscape.
In February 2023, Igus GmbH, a global sleeve bearing manufacturer, offers a wide range of products which are long lasting and low-maintenance. These are offered as sustainable polymer-based compounds under the Iglide series.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2022-2030
Historical Period 2019-2021
Unit Value (USD billion)
Growth Rate CAGR of 8.0% from 2023 to 2030
Segmentation By Type, By Application & By Region
By Type Below 100 mm
D 100 – 200 mm
D 200-400 mm
D 400-600 mm
Above 600 mm
By Application Below Frame 355 mm
Frame 355 – 560 mm
Above Frame 560 mm
By Region North America (By Type, Application, and Country)
- U.S.
- Canada
- Mexico
Europe (By Type, Application, and Country)
- U.K.
- Germany
- Italy
- Russia
- Rest of Europe
Asia Pacific (By Type, Application, and Country)
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Middle East & Africa (By Type, Application, and Country)
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
South America (By Type, Application, and Country)
- Brazil
- Argentina
- Columbia
- Rest of South America
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global and China High Voltage Motor Sleeve Bearing Key Players Market Share/Ranking, 2022
- 5. Global High Voltage Motor Sleeve Bearing Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Type (USD)
- 5.2.1. Below 100 mm
- 5.2.2. D 100 – 200 mm
- 5.2.3. D 200-400 mm
- 5.2.4. D 400-600 mm
- 5.2.5. Above 600 mm
- 5.3. By Application (USD)
- 5.3.1. Below 355 mm
- 5.3.2. Frame 355 – 560 mm
- 5.3.3. Above Frame 560 mm
- 5.4. By Region (USD and Thousand)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. South America
- 6. North America High Voltage Motor Sleeve Bearing Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Type (USD)
- 6.2.1. Below 100 mm
- 6.2.2. D 100 – 200 mm
- 6.2.3. D 200-400 mm
- 6.2.4. D 400-600 mm
- 6.2.5. Above 600 mm
- 6.3. By Application (USD)
- 6.3.1. Below Frame 355 mm
- 6.3.2. Frame 355 – 560 mm
- 6.3.3. Above Frame 560 mm
- 6.4. By Country (USD)
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.4.3. Mexico
- 7. Europe High Voltage Motor Sleeve Bearing Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Type (USD)
- 7.2.1. Below 100 mm
- 7.2.2. D 100 – 200 mm
- 7.2.3. D 200-400 mm
- 7.2.4. D 400-600 mm
- 7.2.5. Above 600 mm
- 7.3. By Application (USD)
- 7.3.1. Below Frame 355 mm
- 7.3.2. Frame 355 – 560 mm
- 7.3.3. Above Frame 560 mm
- 7.4. By Country (USD and Thousand)
- 7.4.1. Germany
- 7.4.2. UK
- 7.4.3. Italy
- 7.4.4. Russia
- 7.4.5. Rest of Europe
- 8. Asia Pacific High Voltage Motor Sleeve Bearing Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Type (USD)
- 8.2.1. Below 100 mm
- 8.2.2. D 100 – 200 mm
- 8.2.3. D 200-400 mm
- 8.2.4. D 400-600 mm
- 8.2.5. Above 600 mm
- 8.3. By Application (USD)
- 8.3.1. Below Frame 355 mm
- 8.3.2. Frame 355 – 560 mm
- 8.3.3. Above Frame 560 mm
- 8.4. By Country (USD and Thousand)
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. South Korea
- 8.4.5. Southeast Asia
- 8.4.6. Rest of Asia Pacific
- 9. Middle East & Africa High Voltage Motor Sleeve Bearing Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Type (USD)
- 9.2.1. Below 100 mm
- 9.2.2. D 100 – 200 mm
- 9.2.3. D 200-400 mm
- 9.2.4. D 400-600 mm
- 9.2.5. Above 600 mm
- 9.3. By Application (USD)
- 9.3.1. Below Frame 355 mm
- 9.3.2. Frame 355 – 560 mm
- 9.3.3. Above Frame 560 mm
- 9.4. By Country (USD and Thousand)
- 9.4.1. GCC
- 9.4.2. South Africa
- 9.4.3. Rest of MEA
- 10. South America High Voltage Motor Sleeve Bearing Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Type (USD)
- 10.2.1. Below 100 mm
- 10.2.2. D 100 – 200 mm
- 10.2.3. D 200-400 mm
- 10.2.4. D 400-600 mm
- 10.2.5. Above 600 mm
- 10.3. By Application (USD)
- 10.3.1. Below Frame 355 mm
- 10.3.2. Frame 355 – 560 mm
- 10.3.3. Above Frame 560 mm
- 10.4. By Country (USD and Thousand)
- 10.4.1. Brazil
- 10.4.2. Argentina
- 10.4.3. Columbia
- 10.4.4. Rest of South America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. AB SKF
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Schaeffler AG
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Miba AG
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. THE TIMKEN COMPANY
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. NTN Corporation
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Misumi Group Inc.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. igus GmbH
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. RENK Holding GmbH
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Hunan SUND Technological Corporation
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Shenke Slide Bearing Corporation
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 11.11. D&E Bearings Holding AB
- 11.11.1. Overview
- 11.11.1.1. Key Management
- 11.11.1.2. Headquarters
- 11.11.1.3. Offerings/Business Segments
- 11.11.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.11.2.1. Employee Size
- 11.11.2.2. Past and Current Revenue
- 11.11.2.3. Geographical Share
- 11.11.2.4. Business Segment Share
- 11.11.2.5. Recent Developments
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