Global Magnetic Bearings Market Growth 2023-2029

Global Magnetic Bearings Market Growth 2023-2029

A magnetic bearing is a bearing that supports a load using magnetic levitation. Magnetic bearings support moving parts without physical contact. For instance, they are able to levitate a rotating shaft and permit relative motion with very low friction and no mechanical wear. Magnetic bearings support the highest speeds of all kinds of bearing and have no maximum relative speed.

Magnetic bearing technology is becoming more and more important as an alternative to conventional bearing supports, and is used when the technical requirements can no longer be fulfilled by other bearing types. This especially applies to industrial machinery with very high rotational speeds and shaft weights of up to several tons.

LPI (LP Information)' newest research report, the “Magnetic Bearings Industry Forecast” looks at past sales and reviews total world Magnetic Bearings sales in 2022, providing a comprehensive analysis by region and market sector of projected Magnetic Bearings sales for 2023 through 2029. With Magnetic Bearings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magnetic Bearings industry.

This Insight Report provides a comprehensive analysis of the global Magnetic Bearings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Magnetic Bearings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Magnetic Bearings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magnetic Bearings and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Magnetic Bearings.

The global Magnetic Bearings market size is projected to grow from US$ 264.8 million in 2022 to US$ 504.2 million in 2029; it is expected to grow at a CAGR of 504.2 from 2023 to 2029.

Global magnetic bearings key players include SKF, Schaeffler, Wauk Bearing, etc. Global top 5 manufacturers hold a share over 60%.

Europe is the largest market, with a share over 52%, followed by Americas and Asia-Pacific, both have a share over 47%.

In terms of product, active magnetic bearing is the largest segment, with a share over 93%. And in terms of application, the largest application is motors, followed by compressors, blowers, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Magnetic Bearings market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Active Magnetic Bearing

Passive Magnetic Bearing

Hybrid Magnetic Bearing

Segmentation by application

Motors

Blowers

Compressors

Pumps

Generators

Turbines

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

SKF

Waukesha Bearings

Schaeffler

Siemens

KEBA Industrial Automation

Zeitlos

Kazancompressormash

MECOS

Calnetix

Synchrony

FG-AMB

Levitronix

Nanjing CIGU

Maruwa Electronic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Magnetic Bearings market?

What factors are driving Magnetic Bearings market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Magnetic Bearings market opportunities vary by end market size?

How does Magnetic Bearings break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.