Frequently asked questions
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.
North America accounted for the most heightened share in the global magnetic bearing market.
Increasing applications in various industrial verticals owing to its advantages and features are driving the magnetic bearing market.
The active magnetic bearing segment had a major share in the global market in 2022.
The power generation segment had a major share in the global market.