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Magnetic Bearing Market By Type (Plain Bearings, Ball Bearings, Roller Bearings, and Others) Growth, Future Prospects & Analysis, 2016 – 2030

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Published: | Report ID: 15121 | Report Format : PDF

Key Highlights of the report

How are the major segments performing in the Magnetic Bearing market?

  • In 2022, the active magnetic bearing segment accounted for the largest share of the market as it can exert high-density forces compared to other types of bearings.
  • In 2022, the turbo machines segment held a prominent share in the global magnetic bearing market owing to increasing demand for manufacturing these machines, as these bearings can be operated at extreme temperatures.
  • In 2022, the power generation segment was expected to hold the largest market share as these bearings can efficiently work when used for nuclear power generation in high-temperature environments.

What is the Market Size of Magnetic Bearing regarding value?

The global magnetic bearing market is anticipated to grow at a substantial CAGR of 5.50% in the upcoming years. The global magnetic bearing industry was estimated to be worth USD 1.4 billion in 2022 and was expected to be worth USD 2.04 billion by 2030.

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Which region dominated the Magnetic Bearing market?

In 2022, the North American region dominated the global magnetic bearing market. Growing industrialization and rising use in the power generation sector are key market drivers. Moreover, increasing investment in the aerospace & aviation sector is also anticipated to boost the demand for magnetic bearings as they are used for manufacturing products such as aircraft landing gear struts, shock absorbers, and auxiliary machines of the jet engine, among others. Such growing applications are anticipated to fuel market growth during the forecast period.

How US Market is performing in the Magnetic Bearing market?

The U.S. held the major share of the magnetic bearing market in North America. Technological advancements to reduce complexity and simplify systems are surging the demand for these bearings. Moreover, this region’s pharmaceutical companies also researched using magnetic bearings in artificial hearts. Similarly, companies in this region are conducting R&D for developing advanced magnetic bearings that help to improve reliability and minimize friction.

How is the economy impacting global Magnetic Bearing growth?

The global magnetic bearing market is anticipated to be affected by economic factors such as inflation and ongoing Covid-19 in China. The coming recession is already affecting regions such as the U.S. and Europe. The profit margins of the manufacturers are anticipated to be lower. Moreover, according to CNBC Supply Chain Heat Map data, the surge in the number of COVID-19 cases in China is majorly impacting the completion of manufacturing orders. Thus, hampering the market growth in the current year.

What is the competitive environment of the Magnetic Bearing market?

The magnetic bearing industry is moderately fragmented, with the presence of global as well as regional manufacturers. To maintain their strong foothold in the market, companies are taking organic as well as inorganic strategies. Companies are innovating products and launching them to increase their market share. For instance, in October 2017, SKF launched a new certified magnetic bearing tuning service. The service was known as ‘certified tuning E300V2’, which allows machine tuning that needs to be conducted by OEM on their site. Similarly, in October 2021, Wattsense was acquired by Siemens AG to expand its automation business as well as accelerate the adoption of iot systems.

Magnetic Bearing Market

Executive Summary

What are the key trends in the Magnetic Bearing market?

  • For applications that require low friction, magnetic bearings are used. Magnetic bearings are highly reliable and ideal for mildly corrosive environments and sustainably in high-temperature environments.
  • Government investments in the development of the aviation & aerospace sector are also expected to fuel the demand for the magnetic bearings market as they are used for manufacturing parts such as shock absorbers, gear struts, rotating shafts, and auxiliary machines, among others.

How are Innovations creating opportunities in the Magnetic Bearing Market?

Companies in the market are keen on the innovation of products such that they offer higher benefits compared to other bearings. Companies are also investing in R&D activities that help in developing advanced products. Innovation in magnetic bearings enables them in such as reduce complexity, and the need for lubrication, repair, or bearing changes. The advanced bearing also helps in low energy consumption, repositioning & built-in vibration management, and eliminating special sensor tuning. Such advancements have led to the rising adoption of these bearings in various applications. Companies such as SKF manufacture more than 130,000 magnetic bearings as well as high-speed electric motor references across many industries such as oil & gas, power generation, semiconductors, and others.  Moreover, magnetic bearings help in eliminating low shaft rotational losses which helps in increasing efficiency while decreasing engine power. Such benefits offered by magnetic bearings are surging the demand for these bearings compared to other bearings.

Which are the key investments by the Magnetic Bearing market players?

Players in the magnetic bearing market are constantly focused on the innovation of bearing such that they can be used for a wide range of applications in various industries. Companies are investing in conducting R&D for innovating magnetic bearings as well as for using them for various applications. For instance, in October 2021, spindrive, a Finnish cleantech company, raised Euros 1.6 million in a pre-Series A funding round led by Innovestor. The company is focused on providing active magnetic bearings and other equipment’s in the market at affordable cost. The magnetic bearings offered by the company are digital bearing that enables the highest rotational speed and eliminate friction. The company plans to use the funds for enhancing the sales, grow its customer base, and accelerate the production of Magma, a new-generation magnetic bearing controller.

Some major players in the magnetic bearing market are SKF AB, Siemens AG, Schaeffler Technologies gmbh & Co. KG, Waukesha Bearings Corporation, KEBA, Calnetix Technologies, LLC, Mecos Ag, spindrive Oy., EAAT gmbh Chemnitz, and Supermag (Suci Technology).

What are the Major Driving Factors for the Magnetic Bearing Market?

Magnetic bearings are used for application in various industries such as power generation, bio-medical engineering, oil & gas, and semiconductors, among others. Increasing energy consumption has led to increasing demand for products that are used in power plants. Magnetic bearings are used in watt-hour meters to measure home power consumption. They are also used in energy storage and transportation applications. One of the most significant applications of magnetic bearings is in manufacturing turbomolecular pumps for vacuum generation in semiconductor plants. In recent years, magnetic bearing is also used for biomedical applications such as ventricular assist devices such as heart pumps. Some products with magnetic bearings include lifeflow, duraheart Left Ventricular Assist System, the Berlin Heart, and the Levitronix centrimag. Moreover, companies in the market are expanding their reach by launching new products and entering new regions to distribute products. Additionally, rising demand for operation cost reduction is anticipated to ramp up the demand for magnetic bearings during the forecast period.

What are the Major Risks for the Magnetic Bearing Market?

The manufacturing cost of magnetic bearings is high as these are small devices and the volume required is low. Moreover, fluctuation in raw material costs is also hindering market growth. Additionally, the high installation cost and requirement for external power back in case of a power outage are also restraining the growth of the magnetic bearings market to a certain extent.

Which is the key application in the Magnetic Bearing market?

The power generation segment is expected to hold a prominent share of the global magnetic bearing market in 2022. Magnetic bearings are used in flywheel systems that are used for the storage of green energy from wind power stations and solar energy. These bearings are small and highly efficient high-speed generators of electricity that can be used for various applications. Generators that are fitted with magnetic bearings have higher advantages, such as smaller, faster units, compared to generators with other bearings. These types of generators have greater power density. The initial cost required for the installation of such generators is high. However, the sot required for maintenance is lower, providing an advantage in the long run. Moreover, companies such as SKF and Waukesha Bearings, among others, provide a magnetic bearing that can be used in the power generation industry.

How is the Magnetic Bearing market performing in regions?

Asia Pacific market is anticipated to witness the fastest growth in the global magnetic bearing market during the forecast period. Government initiative in the power sector for the adoption of eco-friendly technologies such as solar and wind energy is expected to fuel the demand for magnetic bearing during the forecast period. Moreover, the presence of local players that are manufacturing products using magnetic bearings owing to its advantages compared to other bearings is also anticipated to boost the market growth during the forecast period. Technological advancements in the product are also bolstering their demand in the market.

What is the regulatory landscape for the Magnetic Bearing market?

Companies manufacturing magnetic bearings have to meet certain ISO standards before launching their product in the market. There are several regulations that a product has to meet when it is being evaluated to match the industry standards ISO is one of that industry standards. ISO 14839 series set guidelines for evaluating and measuring AMB (active magnetic bearing) equipped rotating machinery.

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What are the major players planning for the future of the Magnetic Bearing market?

Major players in the market are adopting strategies to gain a higher market share. Companies are innovating various advanced products. Players in the market are investing in the development of magnetic bearings and also studying their application in various industrial verticals. They are also expanding their geographic reach by entering into partnerships, agreements, and collaborations.

REPORT ATTRIBUTE DETAILS
Magnetic Bearing Market by Volume Yes
Magnetic Bearing Market by Value Yes
Magnetic Bearing Market, Tornado Analysis Yes
Magnetic Bearing Market, STAR Analysis Yes
Magnetic Bearing Market, SRC Analysis Yes
Magnetic Bearing Market Pricing Analysis Yes (On Demand)
Magnetic Bearing Market Segment Analysis By Type (Active Magnetic Bearings and Passive Magnetic Bearings)

By Application (Turbo Machines, Motors, and Generators)

By End Use (Bio-Medical Engineering, Semiconductor Industry, Aerospace, Oil & Gas, Power Generation, and Others)

Magnetic Bearing Market, Regional Analysis North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Magnetic Bearing Market Key Companies SKF AB, Siemens AG, Schaeffler Technologies gmbh & Co. KG, Waukesha Bearings Corporation, KEBA, Calnetix Technologies, LLC, Mecos Ag, spindrive Oy., EAAT gmbh Chemnitz, and Supermag (Suci Technology)
Magnetic Bearing Market Competitive Landscape Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Segmentation of Global Magnetic Bearing Market-

Global Magnetic Bearing Market – By Types

  • Active Magnetic Bearings
  • Passive Magnetic Bearings

Global Magnetic Bearing Market – By Application

  • Turbo Machines
  • Motors
  • Generators

Global Magnetic Bearing Market – By End-Use

  • Bio-Medical Engineering
  • Semiconductor Industry
  • Aerospace
  • Oil & Gas
  • Power Generation
  • Others

Global Magnetic Bearing Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Magnetic Bearing Market
2.2. Global Magnetic Bearing Market, By Type
2.3. Global Magnetic Bearing Market, By Application
2.4. Global Magnetic Bearing Market, By End-use
2.5. Global Magnetic Bearing Market, By Region’

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Magnetic Bearing Market Value, 2016-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type
3.5.2. Application
3.5.3. End-use
3.5.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Magnetic Bearing Market
7.1. Global Magnetic Bearing Market, by Type, 2016-2030(US$ Bn)
7.1.1. Overview
7.1.2. Global Magnetic Bearing Market, By Type, 2022 vs 2030 (in%)
7.1.3. Global Magnetic Bearing Market, By Active Magnetic Bearings, 2016-2030 (US$ Bn)
7.1.4. Global Magnetic Bearing Market, By Passive Magnetic Bearings, 2016-2030 (US$ Bn)
7.2. Global Magnetic Bearing Market, by Application, 2016-2030(US$ Bn)
7.2.1. Overview
7.2.2. Global Magnetic Bearing Market, By Application, 2022 vs 2030 (in%)
7.2.3. Global Magnetic Bearing Market, By Turbo Machines, 2016-2030 (US$ Bn)
7.2.4. Global Magnetic Bearing Market, By Motors, 2016-2030 (US$ Bn)
7.2.5. Global Magnetic Bearing Market, By Generators, 2016-2030 (US$ Bn)
7.3. Global Magnetic Bearing Market, by End-use, 2016-2030(US$ Bn)
7.3.1. Overview
7.3.2. Global Magnetic Bearing Market, By End-use, 2022 vs 2030 (in%)
7.3.3. Global Magnetic Bearing Market, By Bio-Medical Engineering, 2016-2030 (US$ Bn)
7.3.4. Global Magnetic Bearing Market, By Semiconductor Industry, 2016-2030 (US$ Bn)
7.3.5. Global Magnetic Bearing Market, By Aerospace, 2016-2030 (US$ Bn)
7.3.6. Global Magnetic Bearing Market, By Oil & Gas, 2016-2030 (US$ Bn)
7.3.7. Global Magnetic Bearing Market, By Power Generation, 2016-2030 (US$ Bn)
7.3.8. Global Magnetic Bearing Market, By Others, 2016-2030 (US$ Bn)

8. North America Magnetic Bearing Market Analysis
8.1. North America Magnetic Bearing Market, by Type, 2016-2030(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Magnetic Bearing Market, by Application, 2016-2030(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Magnetic Bearing Market, by End-use, 2016-2030(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Magnetic Bearing Market, by Country, 2016-2030 (US$ Bn)
8.4.1. U.S.
8.4.1.1. U.S. Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
8.4.1.2. U.S. Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
8.4.1.3. U.S. Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
8.4.1.4. U.S. Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
8.4.2. Canada
8.4.2.1. Canada Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
8.4.2.2. Canada Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
8.4.2.3. Canada Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
8.4.2.4. Canada Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)

9. Europe Magnetic Bearing Market Analysis
9.1. Europe Magnetic Bearing Market, by Type, 2016-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Magnetic Bearing Market, by Application, 2016-2030(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Magnetic Bearing Market, by End-use, 2016-2030(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Magnetic Bearing Market, by Country, 2016-2030 (US$ Bn)
9.4.1. Germany
9.4.1.1. Germany Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.1.2. Germany Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
9.4.1.3. Germany Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
9.4.1.4. Germany Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
9.4.2. France
9.4.2.1. France Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.2.2. France Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
9.4.2.3. France Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
9.4.2.4. France Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
9.4.3. UK
9.4.3.1. UK Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.3.2. UK Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
9.4.3.3. UK Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
9.4.3.4. UK Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
9.4.4. Italy
9.4.4.1. Italy Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.4.2. Italy Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
9.4.4.3. Italy Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
9.4.4.4. Italy Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
9.4.5. Spain
9.4.5.1. Spain Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.5.2. Spain Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
9.4.5.3. Spain Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
9.4.5.4. Spain Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.6.2. Rest of Europe Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
9.4.6.3. Rest of Europe Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
9.4.6.4. Rest of Europe Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)

10. Asia Pacific Magnetic Bearing Market Analysis
10.1. Asia Pacific Magnetic Bearing Market, by Type, 2016-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Magnetic Bearing Market, by Application, 2016-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Magnetic Bearing Market, by End-use, 2016-2030(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Magnetic Bearing Market, by Country, 2016-2030 (US$ Bn)
10.4.1. China
10.4.1.1. China Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.1.2. China Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
10.4.1.3. China Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
10.4.1.4. China Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
10.4.2. Japan
10.4.2.1. Japan Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.2.2. Japan Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
10.4.2.3. Japan Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
10.4.2.4. Japan Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
10.4.3. India
10.4.3.1. India Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.3.2. India Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
10.4.3.3. India Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
10.4.3.4. India Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
10.4.4. South Korea
10.4.4.1. South Korea Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.4.2. South Korea Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
10.4.4.3. South Korea Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
10.4.4.4. South Korea Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
10.4.5. South-East Asia
10.4.5.1. South-East Asia Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.5.2. South-East Asia Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
10.4.5.3. South-East Asia Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
10.4.5.4. South-East Asia Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.6.2. Rest of Asia Pacific Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
10.4.6.3. Rest of Asia Pacific Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
10.4.6.4. Rest of Asia Pacific Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)

11. Latin America Magnetic Bearing Market Analysis
11.1. Latin America Magnetic Bearing Market, by Type, 2016-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Magnetic Bearing Market, by Application, 2016-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Magnetic Bearing Market, by End-use, 2016-2030(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Magnetic Bearing Market, by Country, 2016-2030 (US$ Bn)
11.4.1. Brazil
11.4.1.1. Brazil Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
11.4.1.2. Brazil Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
11.4.1.3. Brazil Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
11.4.1.4. Brazil Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
11.4.2. Mexico
11.4.2.1. Mexico Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
11.4.2.2. Mexico Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
11.4.2.3. Mexico Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
11.4.2.4. Mexico Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
11.4.3.2. Rest of Latin America Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
11.4.3.3. Rest of Latin America Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
11.4.3.4. Rest of Latin America Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)

12. Middle East and Africa Magnetic Bearing Market Analysis
12.1. Middle East and Africa Magnetic Bearing Market, by Type, 2016-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Magnetic Bearing Market, by Application, 2016-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Magnetic Bearing Market, by End-use, 2016-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Magnetic Bearing Market, by Country, 2016-2030 (US$ Bn)
12.4.1. GCC Countries
12.4.1.1. GCC Countries il Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
12.4.1.2. GCC Countries Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
12.4.1.3. GCC Countries Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
12.4.1.4. GCC Countries Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
12.4.2. South Africa
12.4.2.1. South Africa Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
12.4.2.2. South Africa Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
12.4.2.3. South Africa Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
12.4.2.4. South Africa Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Magnetic Bearing Market Estimates and Forecast, 2016-2030 (US$ Bn)
12.4.3.2. Rest of Middle East and Africa Magnetic Bearing, By Type, 2016-2030 (US$ Bn)
12.4.3.3. Rest of Middle East and Africa Magnetic Bearing, By Application, 2016-2030 (US$ Bn)
12.4.3.4. Rest of Middle East and Africa Magnetic Bearing, By End-use, 2016-2030 (US$ Bn)

13. Company Profiles
13.1. SKF AB
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Siemens AG
13.3. Schaeffler Technologies GmbH & Co. KG
13.4. Waukesha Bearings Corporation
13.5. KEBA
13.6. Calnetix Technologies, LLC
13.7. Mecos Ag
13.8. SpinDrive Oy.
13.9. EAAT GmbH Chemnitz
13.10. Supermag (Suci Technology)
13.11. Others

List of Figures

FIG. 1 Global Magnetic Bearing Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Magnetic Bearing Market Segmentation
FIG. 4 Global Magnetic Bearing Market, by Type, 2022 (US$ Bn)
FIG. 5 Global Magnetic Bearing Market, by Application, 2022 (US$ Bn)
FIG. 6 Global Magnetic Bearing Market, by End-use Type, 2022 (US$ Bn)
FIG. 7 Global Magnetic Bearing Market, by Geography, 2022 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Type, 2022
FIG. 9 Attractive Investment Proposition, by Application, 2022
FIG. 10 Attractive Investment Proposition, by End-use Type, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Magnetic Bearing Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Magnetic Bearing Market Manufacturers, 2022
FIG. 14 Global Magnetic Bearing Market Value Contribution, By Type, 2022 & 2030 (Value %)
FIG. 15 Global Magnetic Bearing Market, by Active Magnetic Bearings, Value, 2016-2030 (US$ Bn)
FIG. 16 Global Magnetic Bearing Market, by Passive Magnetic Bearings, Value, 2016-2030 (US$ Bn)
FIG. 17 Global Magnetic Bearing Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 18 Global Magnetic Bearing Market, by Turbo Machines, Value, 2016-2030 (US$ Bn)
FIG. 19 Global Magnetic Bearing Market, by Motors, Value, 2016-2030 (US$ Bn) )
FIG. 20 Global Magnetic Bearing Market, by Generators, Value, 2016-2030 (US$ Bn)
FIG. 21 Global Magnetic Bearing Market Value Contribution, By End-use, 2022 & 2030 (Value %)
FIG. 22 Global Magnetic Bearing Market, by Bio-Medical Engineering, Value, 2016-2030 (US$ Bn)
FIG. 23 Global Magnetic Bearing Market, by Semiconductor Industry, Value, 2016-2030 (US$ Bn) )
FIG. 24 Global Magnetic Bearing Market, by Aerospace, Value, 2016-2030 (US$ Bn) )
FIG. 25 Global Magnetic Bearing Market, by Oil & Gas, Value, 2016-2030 (US$ Bn) )
FIG. 26 Global Magnetic Bearing Market, by Power Generation, Value, 2016-2030 (US$ Bn) )
FIG. 27 Global Magnetic Bearing Market, by Others, Value, 2016-2030 (US$ Bn)
FIG. 28 U.S. Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 29 Canada Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 30 Germany Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 31 France Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 32 U.K. Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 33 Italy Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 34 Spain Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 35 Rest of Europe Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 36 China Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 37 Japan Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 38 India Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 39 South Korea Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 40 Southeast Asia Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 41 Rest of Asia Pacific Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 42 Latin America Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 43 Brazil Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 44 Mexico Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 45 Rest of Latin America Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 46 Middle East & Africa Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 47 GCC Countries Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 48 South Africa Magnetic Bearing Market, 2016-2030 (US$ Bn)
FIG. 49 Rest of Middle East and Africa Magnetic Bearing Market, 2016-2030 (US$ Bn)

List of tables

TABLE 1 Market Snapshot: Global Magnetic Bearing Market
TABLE 2 Global Magnetic Bearing Market, by Competitive Benchmarking, 2022
TABLE 3 Global Magnetic Bearing Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Magnetic Bearing Market, by Key Strategies Analysis, 2022
TABLE 5 Global Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 6 Global Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 7 Global Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 8 Global Magnetic Bearing Market, by Geography, 2016-2030 (US$ Bn)
TABLE 9 North America Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 10 North America Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 11 North America Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 12 North America Magnetic Bearing Market, by Country, 2016-2030 (US$ Bn)
TABLE 13 US Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 14 US Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 15 US Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 16 Canada Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 17 Canada Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 18 Canada Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 19 Europe Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 20 Europe Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 21 Europe Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 22 Europe Magnetic Bearing Market, by Country, 2016-2030 (US$ Bn)
TABLE 23 Germany Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 24 Germany Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 25 Germany Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 26 France Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 27 France Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 28 France Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 29 UK Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 30 UK Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 31 UK Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 32 Italy Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 33 Italy Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 34 Italy Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 35 Spain Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 36 Spain Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 37 Spain Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 38 Rest of Europe Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 39 Rest of Europe Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 40 Rest of Europe Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 41 Asia Pacific Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 42 Asia Pacific Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 43 Asia Pacific Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 44 Asia Pacific Magnetic Bearing Market, by Country, 2016-2030 (US$ Bn)
TABLE 45 China Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 46 China Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 47 China Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 48 Japan Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 49 Japan Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 50 Japan Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 51 India Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 52 India Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 53 India Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 54 South Korea Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 55 South Korea Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 56 South Korea Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 57 South East Asia Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 58 South East Asia Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 59 South East Asia Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 60 Rest of Asia Pacific Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 61 Rest of Asia Pacific Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 62 Rest of Asia Pacific Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 63 Latin America Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 64 Latin America Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 65 Latin America Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 66 Latin America Magnetic Bearing Market, by Country, 2016-2030 (US$ Bn)
TABLE 67 Brazil Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 68 Brazil Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 69 Brazil Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 70 Mexico Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 71 Mexico Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 72 Mexico Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 73 Rest of Latin America Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 74 Rest of Latin America Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 75 Rest of Latin America Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 76 Middle East and Africa Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 77 Middle East and Africa Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 78 Middle East and Africa Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 79 Middle East and Africa Magnetic Bearing Market, by Country, 2016-2030 (US$ Bn)
TABLE 80 GCC Countries Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 81 GCC Countries Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 82 GCC Countries Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 83 South Africa Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 84 South Africa Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 85 South Africa Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)
TABLE 86 Rest of Middle East and Africa Magnetic Bearing Market, by Type, 2016-2030 (US$ Bn)
TABLE 87 Rest of Middle East and Africa Magnetic Bearing Market, by Application, 2016-2030 (US$ Bn)
TABLE 88 Rest of Middle East and Africa Magnetic Bearing Market, by End-use, 2016-2030 (US$ Bn)

Frequently asked questions

How does COVID-19 Impact the global Magnetic Bearing market?

COVID-19 had a substantial impact on the market. Owing to the outbreak of the COVID-19 pandemic, the supply chain and manufacturing units were affected, negatively impacting the market growth.

Which is the leading region of the market for Magnetic Bearing?

North America accounted for the most heightened share in the global magnetic bearing market.

What are the key drivers for the growth of the magnetic bearing market?

Increasing applications in various industrial verticals owing to its advantages and features are driving the magnetic bearing market.

Which is the major segment in the magnetic bearing market by type?

The active magnetic bearing segment had a major share in the global market in 2022.

Which is the major segment in the magnetic bearing market by end use?

The power generation segment had a major share in the global market.

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