Magnetic bearing is one of the most efficient bearing system which has non-contact position sensors for monitoring shaft position and feeding this information back to a control system which further uses this feedback to monitor the magnetic field to maintain proper shaft position. Magnetic bearing is most suitable for high speed operating machines such as turbines, compressors and many more. Due to non-contact rotor support these bearings eliminate frictions which increases the lifetime of the drive system to unlimited period theoretically. Magnetic bearing are used in vacuum conditions where conventional bearings breaks down due to low lubrication. This makes aerospace and defense a high potential application for magnetic bearings.
The global Magnetic Bearing Market, has witnessed a linear growth in the past few years and this growth is estimated to increase in the coming years.
Magnetic bearing has many applications out of which the major application is in the compressors, Expanders, and electric motors used to produce, store, and transport oil and gas, other major application includes Gas micro-turbines, ORC machines coolant, feed water pumps, and Gas and steam turbines. Watt-hours meters used to measure the power consumption is one of the common application of the magnetic bearings. Also, they have been used in maglev trains for low noise running in comparison to conventional ones. The applications of magnetic bearings define the markets in which it is predominantly used. Hence North America and Europe are the leading markets for the magnetic bearings with Asia-Pacific being the fastest developing market.
The report covers Magnetic bearing global market. It further divides the market on the basis of application & regions. The market data of these types is given with respect to value (USD Million).
The impact of different market factors, such as drivers, inhibitors, and opportunities is also illustrated in the report. Increases investment in end-user industries will boost the demand for Magnetic bearing.
Competitive scenarios of the top players in the market have been discussed in detail. We have also profiled leading players of this industry such as Schaeffler Technologies GmbH & Co. KG(Germany), Svenska Kullagerfabriken AB(Sweden), and Calnetix Technologies, LLC(United States), with their recent developments and other strategic industry activities.
Scope of the report:
This research report categorizes the global market for Magnetic bearing market on the basis of applications, end-user industries, and geography along with forecasting volume, value, and analyzing trends in each of the submarkets.
On the basis of applications:
- Oil and gas
- Power generation
- Consumer electronics
- Aerospace and defense
Each application is described in detail in the report with volume and revenue forecasts for each application.
On the basis of geography:
- North America
- Rest of the World
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