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.
As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties coupled with the Magnetic Bearings industry. In short supply to the market in the past few years, more and more companies enter into Magnetic Bearings industry.
In Magnetic Bearings product demand market is a fast-growing market, but at present consumption areas are mainly concentrated in Europe and other developed countries.
As large demand of advanced products at home and abroad, many companies began to enter this field. Although sales of Magnetic Bearings brought a lot of opportunities, the study group recommends the new entrants just having money is not enough without technical advantage and downstream support do not enter Magnetic Bearings field.
According to this study, over the next five years the Magnetic Bearings market will register a 6.7% CAGR in terms of revenue, the global market size will reach USD 4040 million by 2024, from USD 2730 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Magnetic Bearings business, shared in Chapter 3.
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.
This study considers the Magnetic Bearings value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Active Magnetic Bearing
Passive Magnetic Bearing
Hybrid Magnetic Bearing
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Compressors
Turbines
Pumps
Motors
Generators
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
SKF
Schaeffler
Dresser-rand
MECOS
Waukesha Bearings
LTi
Calnetix
Levitronix
Zeitlos
Jiuyishun
Nanjing CIGU
FG-AMB
Tianjin Emaging
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Magnetic Bearings consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Magnetic Bearings market by identifying its various subsegments.
Focuses on the key global Magnetic Bearings manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Magnetic Bearings with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Magnetic Bearings submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
