According to our (Global Info Research) latest study, the global Magnetic Bearings market size was valued at USD 278.5 million in 2023 and is forecast to a readjusted size of USD 505.6 million by 2030 with a CAGR of 8.9% during review period.
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.
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.
The Global Info Research report includes an overview of the development of the Magnetic Bearings industry chain, the market status of Motors (Active Magnetic Bearing, Passive Magnetic Bearing), Blowers (Active Magnetic Bearing, Passive Magnetic Bearing), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Magnetic Bearings.
Regionally, the report analyzes the Magnetic Bearings markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Magnetic Bearings market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Magnetic Bearings market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Magnetic Bearings industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Units), revenue generated, and market share of different by Type (e.g., Active Magnetic Bearing, Passive Magnetic Bearing).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Magnetic Bearings market.
Regional Analysis: The report involves examining the Magnetic Bearings market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Magnetic Bearings market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Magnetic Bearings:
Company Analysis: Report covers individual Magnetic Bearings manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Magnetic Bearings This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Motors, Blowers).
Technology Analysis: Report covers specific technologies relevant to Magnetic Bearings. It assesses the current state, advancements, and potential future developments in Magnetic Bearings areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Magnetic Bearings market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Magnetic Bearings market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Active Magnetic Bearing
Passive Magnetic Bearing
Hybrid Magnetic Bearing
Market segment by Application
Motors
Blowers
Compressors
Pumps
Generators
Turbines
Others
Major players covered
SKF
Waukesha Bearings
Schaeffler
Siemens
KEBA Industrial Automation
Zeitlos
Kazancompressormash
MECOS
Calnetix
Synchrony
FG-AMB
Levitronix
Nanjing CIGU
Maruwa Electronic
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Magnetic Bearings product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Magnetic Bearings, with price, sales, revenue and global market share of Magnetic Bearings from 2019 to 2024.
Chapter 3, the Magnetic Bearings competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Magnetic Bearings breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Magnetic Bearings market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Magnetic Bearings.
Chapter 14 and 15, to describe Magnetic Bearings sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Magnetic Bearings . Industry analysis & Market Report on Magnetic Bearings is a syndicated market report, published as Global Magnetic Bearings Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Magnetic Bearings market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.