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    Magnet Bearings Market

    ID: MRFR/IA - E/4484-CR
    100 Pages
    Harshita Gorade
    April 2018

    Magnet Bearings Market Research Report Information By Application (Compressor, Turbine, Pumps, Motors, Generators and Others), By Type (Active Magnet Bearing, Passive Magnet Bearing and Hybrid Magnet Bearing), By End-User (Oil & Gas, Petrochemicals, Power and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

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    Global Magnet Bearings Market Research Report – Forecast till 2032 Infographic
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    Table of Contents

    Magnet Bearings Market Summary

    As per Market Research Future Analysis, the Global Magnet Bearings Market was valued at USD 3.22 Billion in 2023 and is projected to grow to USD 4.47 Billion by 2032, with a CAGR of 3.65% from 2024 to 2032. The market is driven by the increasing use of magnetic bearings in automotive, aerospace, and power generation sectors, alongside the need for cost-effective solutions. Active magnetic bearings dominate the market due to their high-speed capabilities and low maintenance requirements. The North American region leads the market, supported by technological advancements and a focus on electric vehicles.

    Key Market Trends & Highlights

    Key trends driving the magnet bearings market include advancements in technology and increasing demand across various sectors.

    • Market Size in 2023: USD 3.22 Billion; projected to reach USD 4.47 Billion by 2032.
    • Active magnetic bearings generated the most revenue due to their efficiency and low maintenance.
    • North America holds the largest market share, driven by R&D investments and industrial growth.
    • Asia-Pacific is expected to grow at the fastest CAGR, fueled by advancements in manufacturing and the EV industry.

    Market Size & Forecast

    2023 Market Size USD 3.22 Billion
    2024 Market Size USD 3.35 Billion
    2032 Market Size USD 4.47 Billion
    CAGR (2024-2032) 3.65%

    Major Players

    Key players include Calnetix Technologies, Siemens AG, Waukesha Bearings Corporation, Mecos AG, Foshan Genesis, Synchrony, SKF AB, and Celeroton AG.

    Magnet Bearings Market Trends

    Growth of power generation sector is driving the market growth

    In the field of power generation, magnetic bearing generators are frequently used because of their higher power density. Compared to conventional low-speed generators, these magnetic bearing generators are far more practical. They provide advantages including reduced maintenance expenses and improved efficiency. Due to these nations' expanding renewable energy industries, power generation increased by 2.7% and 3.6%, respectively, in the U.S. and Europe in 2021. Most Asia-Pacific nations saw an increase in power generation in 2021, with China and India seeing particularly strong growth (+9.7% and +4.8%). 

    The most strategically significant technology utilised to power modern devices is semiconductors. The semiconductor industry is being driven by an increase in demand for consumer electronics & other electronic devices. Magnetic bearings are being widely used by manufacturers in the semiconductor industry to achieve maximum output, dependability, high throughput, and high efficiency. These days, semiconductor technology has improved to the point that a single silicon piece can house more than 100 billion transistors. Companies from the United States, Taiwan, Japan, and the Netherlands are the industry leaders worldwide in the semiconductor industry. 

    The Semiconductor Industry Association (SIA) estimates that the worldwide semiconductor industry's sales reached US$ 555.9 Bn in 2021, with the United States accounting for 46% of this total. According to region, North America saw the most increase in sales in 2021 (27.4%). For semiconductors, China is the biggest market. In 2021, the nation sold a total of US$ 192.5 B worth of semiconductors. European and Asian-Pacific annual sales both rose throughout the year by 27.3% and 25.9%, respectively.

    The components of the active magnetic bearing system do not physically touch each other while they are rotating. Consequently, wear and friction are reduced. Due to the lack of lubrication requirements, these bearing systems are almost maintenance-free. With active magnetic bearings, operating and maintenance expenses are reduced in addition to the initial capital investment. Higher efficiency and faster speeds can be attained using these bearings. Active magnetic bearings are appropriate for extreme climatic circumstances, such as very low temperatures, corrosive environments, and zero gravity situations. Electric motors can run at a high speed thanks to these frictionless bearings.

    Because of this, active magnetic bearing demand is increasing globally in end-use industries. Thus, driving the magnet bearings market revenue.

    The ongoing advancements in magnetic bearing technology are poised to enhance operational efficiency across various industries, potentially leading to a paradigm shift in how machinery is designed and utilized.

    U.S. Department of Energy

    Magnet Bearings Market Drivers

    Market Growth Projections

    The Global Magnet Bearings Market Industry is projected to experience steady growth over the next decade. With a market value of 3.35 USD Billion in 2024, it is anticipated to reach 4.98 USD Billion by 2035, reflecting a compound annual growth rate of 3.67% from 2025 to 2035. This growth trajectory suggests a robust demand for magnet bearings across various applications, driven by technological advancements and increasing industrial automation. The market dynamics indicate a favorable environment for manufacturers and stakeholders, highlighting the potential for innovation and expansion within the magnet bearings sector.

    Growth in Renewable Energy Sector

    The Global Magnet Bearings Market Industry is poised for growth due to the increasing investments in the renewable energy sector. Wind turbines and solar energy systems are increasingly utilizing magnet bearings to enhance efficiency and reduce maintenance requirements. The shift towards renewable energy sources is driven by global initiatives to combat climate change and reduce reliance on fossil fuels. As the demand for clean energy solutions rises, the magnet bearings market is likely to benefit significantly. This trend underscores the importance of magnet bearings in supporting the transition to sustainable energy systems, which is expected to be a major contributor to market growth in the coming years.

    Expansion of Electric Vehicle Market

    The rapid expansion of the electric vehicle market is a key driver for the Global Magnet Bearings Market Industry. As electric vehicles gain traction, the demand for efficient and reliable components, such as magnet bearings, is increasing. These bearings play a crucial role in enhancing the performance of electric motors, contributing to improved energy efficiency and reduced maintenance costs. The electric vehicle sector is projected to continue its growth trajectory, further fueling the magnet bearings market. This trend aligns with the broader shift towards sustainable transportation solutions, indicating a robust future for magnet bearings in this burgeoning industry.

    Increasing Demand for Energy Efficiency

    The Global Magnet Bearings Market Industry is experiencing a notable surge in demand for energy-efficient solutions across various sectors. Industries are increasingly adopting magnet bearings due to their ability to reduce friction and enhance operational efficiency. This shift is driven by stringent regulations aimed at minimizing energy consumption and carbon emissions. As a result, the market is projected to reach 3.35 USD Billion in 2024, with a compound annual growth rate of 3.67% anticipated from 2025 to 2035. The growing emphasis on sustainability and energy conservation is likely to propel the adoption of magnet bearings in applications such as electric vehicles and renewable energy systems.

    Rising Automation in Manufacturing Processes

    The rise of automation in manufacturing processes is a significant factor influencing the Global Magnet Bearings Market Industry. As industries adopt automated systems to enhance productivity and reduce operational costs, the demand for precision components, including magnet bearings, is increasing. These bearings provide superior performance in high-speed applications, making them ideal for automated machinery. The ongoing trend towards Industry 4.0 and smart manufacturing is likely to further drive the adoption of magnet bearings, as companies seek to optimize their operations. This shift towards automation presents a promising opportunity for the magnet bearings market, potentially leading to substantial growth in the coming years.

    Technological Advancements in Magnetic Materials

    Technological innovations in magnetic materials are significantly influencing the Global Magnet Bearings Market Industry. The development of advanced materials, such as high-temperature superconductors and improved permanent magnets, enhances the performance and reliability of magnet bearings. These advancements facilitate the design of lighter and more efficient systems, which are crucial for applications in aerospace and high-speed machinery. As industries continue to seek higher performance standards, the market is expected to grow, potentially reaching 4.98 USD Billion by 2035. The integration of cutting-edge materials is likely to drive the evolution of magnet bearings, making them more appealing to manufacturers and end-users alike.

    Market Segment Insights

    Magnet Bearings Application Insights

    The magnet bearings market segmentation, based on application includes Compressor, Turbine, Pumps, Motors, Generators and Others. The turbine segment dominated the market because of the world's high energy consumption requirements across numerous end-use industries, particularly in China and India, and rising industrialization in those two countries.  Over the course of the projection period, it is expected that rising demand for products will be driven by the use of electric motors and their expanding penetration into a variety of industries, including consumer electronics, healthcare, appliances, and HVAC (heating, ventilation, and cooling).

    Magnet Bearings Type Insights

    The magnet bearings market segmentation, based on type, includes Active Magnet Bearing, Passive Magnet Bearing and Hybrid Magnet Bearing. The active magnetic bearings category generated the most income. In many applications where high-speed rotation, precise control, and low maintenance are necessary, active magnetic bearings are employed. Superior stability and responsiveness are offered by these bearings, which actively control the rotor's position using electromagnetic coils. 

    Furthermore, the passive magnet bearing category is anticipated to grow at a significant rate. Magnetic levitation and radial stability are provided by passive magnetic bearings using permanent magnets. The simplicity and cost-effectiveness of these bearings make them popular in applications with lower speed requirements.

    Figure 1: Global Magnet Bearings Market, by Type, 2022 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Magnet Bearings End-User Insights

    The magnet bearings market segmentation, based on end-user, includes Oil & Gas, Petrochemicals, Power and Others. The power category generated the most income as a result of the focus on controlling renewable energy sources and improving energy utilization brought on by the rising cost of energy as well as the negative environmental effects of power production, the market for magnet bearings has grown.

    Get more detailed insights about Global Magnet Bearings Market Research Report – Forecast till 2032

    Regional Insights

    By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American magnet bearings market area will dominate this market because major market participants are present and the area is focused on technical improvements. The developed manufacturing and industrial industries in the area also support market expansion. The demand for electric vehicles and other industrial applications, rising environmental consciousness regarding the advantages of using magnetic bearings, and rising R&D spending by various companies are the main factors boosting the growth of the North American magnetic bearing market.

    Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 2: GLOBAL MAGNET BEARINGS MARKET SHARE BY REGION 2022 (USD Billion)MAGNET BEARINGS MARKET SHARE BY REGION 2022

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Europe magnet bearings market accounts for the second-largest market share due to the increase in R&D expenditures and the presence of many industries in the area. Due to the emphasis placed in the region on environmental sustainability and energy efficiency, Europe is a significant market for magnet bearings. The demand for magnet bearings is further fueled by the rising use of renewable energy sources like wind power.

    Additionally, the power sector in both the developing and developed nations in the region is investing heavily in the development of substations and renewable energy sources, which will increase the demand for magnetic bearings in this region. Further, the German magnet bearings market held the largest market share, and the UK magnet bearings market was the fastest growing market in the European region

    The Asia-Pacific Magnet bearings Market is expected to grow at the fastest CAGR from 2023 to 2032. The need for magnetic bearings in the area is increasing quickly. In terms of global bearing production, China comes in third place. With a 9.0% annual growth rate, the country's bearing market reached Yuan 193 Bn in 2020. Growth in the manufacturing, aerospace, and oil & gas sectors is promoting the magnetic bearing sector in Asia Pacific. 

    Manufacturers are being encouraged to concentrate on employing custom bearings by the rise in new technology adoption and digitalization. The next several years are likely to see market advancement in the area accelerated by growth in the EV industry. Moreover, China’s magnet bearings market held the largest market share, and the Indian magnet bearings market was the fastest growing market in the Asia-Pacific region.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the magnet bearings market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, magnet bearings industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global magnet bearings industry to benefit clients and increase the market sector. In recent years, the magnet bearings industry has offered some of the most significant advantages to market. Major players in the magnet bearings market attempting to increase market demand by investing in research and development operations include Calnetix Technologies, Siemens AG, Waukesha Bearings Corporation, Mecos AG, Foshan Genesis, Synchrony, SKF AB and Celeroton AG.

    The company Calnetix Technologies, LLC creates, develops, and produces industrial equipment. The business sells high-end CNC machines as well as motors, generators, magnetic bearings, and power electronics. Global customer service is provided by Calnetix Technologies. The mission of Calnetix Technologies, LLC is "Innovation That Drives Industries". They are changing the way the world produces and uses energy, which benefits both society and the environment. Innovative, fast technologies from Calnetix deliver great system efficiency, dependability, power density, and low total cost of ownership.

    In a number of applications, including defence, aerospace, maritime, oil and gas, racing, and others, its solutions improve energy security, lower energy consumption, and produce fewer hazardous emissions.

    The largest provider of gas-bearing turbo compressors worldwide is Celeroton. As a system supplier for compressors, they offer converters for fuel cells, noble gas recirculation and compression, pneumatics, cryogenics, clean/sterile air supply, gas recovery, and other industrial applications. With regard to compactness, service life, and performance, ultra-high-speed turbo compressors with contact- and oil-free gas bearings provide remarkable solutions. Its systems are substantially lighter and smaller as well as incredibly efficient when compared to compressors with typical speeds.

    A wide range of pressure ratios, mass flows, pressure differences, and volume flows are all covered by the Celeroton family of turbo compressor products.

    Key Companies in the Magnet Bearings Market market include

    Industry Developments

    February 2023: SKF AB committed SEK 700 Mn to locating engineering and manufacturing capabilities at a brand-new, greenfield site in Monterrey, Mexico. The company's ability to develop and produce high-performance bearings will probably benefit from the investment's potential to help build a solid regional basis.

    June 2022: On the occasion of the Hannover Messe 2022 show, SpinDrive Oy. introduced a new generation magma magnetic bearing controller. For systems with active magnetic bearings, Magma X800 is a cutting-edge magnetic bearing controller. It is intended for demanding industrial applications and can handle typical power ranges of 35 kW to 3 MW with rotating speeds of 10,000 to 150,001 rpm and above.

    April 2022: The IFAT trade show in Munich, May 30-June 3, will feature a presentation of the "recently developed range of mobile overband [cross belt] magnets," according to Dutch magnetic equipment manufacturer Goudsmit Magnetics. A five-year contract between REEtec of Norway and Schaeffler has been reached. According to COO Andreas Schick, Reuters will begin receiving rare earth oxides as of 2024.

    Future Outlook

    Magnet Bearings Market Future Outlook

    The Global Magnet Bearings Market is projected to grow at a 3.67% CAGR from 2024 to 2035, driven by advancements in technology, increasing demand for energy-efficient solutions, and expanding applications in various industries.

    New opportunities lie in:

    • Develop innovative magnet bearing designs for renewable energy applications.
    • Expand into emerging markets with tailored solutions for local industries.
    • Leverage IoT integration to enhance performance monitoring and predictive maintenance.

    By 2035, the Magnet Bearings Market is expected to achieve substantial growth, reflecting evolving technological advancements and increased industrial adoption.

    Market Segmentation

    Magnet Bearings Type Outlook 

    • Active Magnetic Bearing
    • Passive Magnetic Bearing
    • Hybrid Magnet Bearing

    Magnet Bearings End-User Outlook 

    • Oil & Gas
    • Petrochemicals
    • Power
    • Others

    Magnet Bearings Regional Outlook 

    • US
    • Canada
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    • Middle East
    • Africa
    • Latin America

    Magnet Bearings Application Outlook

    • Compressor
    • Turbine
    • Pumps
    • Motors
    • Generators
    • Others

    Report Scope

    Magnet Bearings Report Scope
    Report Attribute/Metric Details
    Market Size 2023 USD 3.22 Billion
    Market Size 2024 USD 3.35 Billion
    Market Size 2032 USD 4.47 Billion
    Compound Annual Growth Rate (CAGR) 3.65% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Application, Type, End-User, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Calnetix Technologies, Siemens AG, Waukesha Bearings Corporation, Mecos AG, Foshan Genesis, Synchrony, SKF AB and Celeroton AG
    Key Market Opportunities ·         Growth in niche healthcare applications ·         New product launches and R&D amongst major key players
    Key Market Dynamics ·         Cost-effectiveness energy-efficient flexible solution ·         Increasing application in HVAC, defense, and aerospace

    Market Highlights

    Author
    Harshita Gorade
    Research Analyst

    Harshita Post graduate MBA in Business Administration from Welingkar Institute, Mumbai and 5 years of experience in the field of product market research. As a Research Analyst, I have cross-domain experience in packaging, and industrial Automation & Equipment. I am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at Market Research Future Reports. My responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.

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    FAQs

    How much is the magnet bearings market?

    The global magnet bearings market size was valued at USD 3.22 Billion in 2023.

    What is the growth rate of the magnet bearings market?

    The global market is projected to grow at a CAGR of 3.65% during the forecast period, 2024-2032.

    Which region held the largest market share in the magnet bearings market?

    North America had the largest share in the global market

    Who are the key players in the magnet bearings market?

    The key players in the market are Calnetix Technologies, Siemens AG, Waukesha Bearings Corporation, Mecos AG, Foshan Genesis, Synchrony, SKF AB and Celeroton AG.

    Which application led the magnet bearings market?

    The turbine category dominated the market in 2022.

    1. Executive Summary
    2. Market Introduction
      1. Definition
      2. Scope Of The Study 14
      3. List Of Assumptions 14
      4. Market Structure 15
    3. Research Methodology
    4. Research Process 17
      1. Primary Research 17
      2. Secondary
    5. Research 17
      1. Market Size Estimation 18
      2. Forecast Model
    6. Market Dynamics
      1. Introduction 20
      2. Drivers
        1. An Energy-Efficient Flexible Solution 21
        2. Cost-Effectiveness
        3. Increasing Application In HVAC, Defense, And Aerospace 23
      3. Restraint 24
        1. Slowdown In Chinese Economy 24
      4. Opportunities 25
        1. Growth In Niche Healthcare Applications
        2. Growth In Niche Healthcare Applications 26
    7. Market Factor Analysis
      1. Value Chain Analysis 28
        1. Raw Material
    8. Supply: 28
      1. Manufacture 28
        1. Distribution 28
        2. End-User 28
      2. Porter’s Five Forces Analysis 29
        1. Threat Of New Entrants 29
        2. Bargaining Power Of Suppliers
        3. Threat Of Substitutes 29
        4. Bargaining Power Of
    9. Buyers 30
      1. Rivalry 30
    10. Global Magnet Bearing Market,
    11. By Type
      1. Introduction 32
      2. Active Magnet Bearing 32
      3. Passive Magnet Bearing 32
      4. Hybrid Magnet Bearing 32
    12. Global Magnet Bearing Market, By Application
      1. Introduction
      2. Compressor 34
      3. Turbine 34
      4. Pumps 34
      5. Motors 34
      6. Generators 34
    13. Global Magnet Bearing
    14. Market, By Speed
      1. Introduction 37
      2. Upto 50,000 Rpm 37
      3. 50,000 To 100,000 Rpm 37
      4. Above 10,000 Rpm 37
    15. Global Magnet Bearing Market, By End User
      1. Introduction 39
    16. Global Magnet Bearing Market, By Region
      1. Introduction
      2. Americas 43
        1. U.S. 46
        2. Canada
        3. Brazil 51
      3. Europe 54
        1. Germany
        2. U.K. 59
        3. France 61
        4. Italy
        5. Rest Of Europe 65
      4. Asia Pacific 66
        1. China 69
        2. India 71
        3. Japan 73
        4. Rest Of Asia Pacific 75
      5. Middle East & Africa 77
        1. Middle East 79
        2. Africa 81
    17. Competitive Landscape
      1. Competitive Landscape 84
    18. Company Profiles
      1. Siemens AG 87
        1. Company Overview 87
    19. Financials 87
      1. Products 87
        1. Strategy 87
        2. Key Developments 87
      2. SKF AB 88
        1. Company
    20. Overview 88
      1. Financials 88
        1. Products 88
        2. Strategy 88
        3. Key Developments 88
      2. Schaeffler
    21. AG 90
      1. Company Overview 90
        1. Financials 90
        2. Products 90
        3. Strategy 90
      2. Calnetix Technologies
        1. Company Overview 92
        2. Financials 92
        3. Products 92
        4. Strategy 92
        5. Key Developments
      3. Waukesha Bearings Corporation 93
    22. Company Overview 93
      1. Financials 93
        1. Products 93
        2. Strategy 93
        3. Key Developments 93
    23. Mecos AG 95
      1. Company Overview 95
        1. Financials 95
        2. Products 95
        3. Strategy 95
        4. Key Developments
      2. Foshan Genesis 97
        1. Company Overview 97
        2. Financials 97
        3. Products 97
        4. Strategy
        5. Key Developments 97
      3. Synchrony 98
    24. Company Overview 98
      1. Financials 98
        1. Products 98
        2. Strategy 98
        3. Key Developments 98
    25. Celeroton AG 100
      1. Company Overview 100
        1. Financials
        2. Products 100
        3. Strategy 100
    26. Key Developments 100
    27. Conclusion 102
      1. Conclusion 103
    28. Appendix 104
      1. References 105
    29. List Of Tables
    30. MILLION) 35
    31.  (USD MILLION) 37
    32. 2032  (USD MILLION) 40
    33. BY REGION, 2023-2032  (USD MILLION) 42
    34. BEARING MARKET, BY COUNTRY, 2023-2032  (USD MILLION) 44
    35. AMERICAS: MAGNET BEARING MARKET, BY TYPE, 2023-2032  (USD MILLION) 44
    36. MILLION) 44
    37.  (USD MILLION) 45
    38. 2032  (USD MILLION) 45
    39. BY TYPE, 2023-2032  (USD MILLION) 47
    40. MARKET, BY APPLICATION, 2023-2032  (USD MILLION) 47
    41. MAGNET BEARING MARKET, BY END-USER, 2023-2032  (USD MILLION) 48
    42. U.S.: MAGNET BEARING MARKET, BY SPEED, 2023-2032  (USD MILLION) 48
    43. MILLIONS) 49
    44.  (USD MILLION) 49
    45. 2032  (USD MILLION) 50
    46. BY END-USER, 2023-2032  (USD MILLION) 50
    47. BEARING MARKET, BY SPEED, 2023-2032  (USD MILLION) 50
    48. MAGNET BEARING MARKET, BY TYPE, 2023-2032  (USD MILLION) 52
    49. BRAZIL: MAGNET BEARING MARKET, BY APPLICATION, 2023-2032  (USD MILLION)
    50. MILLION) 52
    51.  (USD MILLION) 53
    52. 2032  (USD MILLION) 55
    53. BY TYPE, 2023-2032  (USD MILLION) 55
    54. MARKET, BY APPLICATION, 2023-2032  (USD MILLION) 55
    55. MAGNET BEARING MARKET, BY END-USER, 2023-2032  (USD MILLION) 56
    56. EUROPE: MAGNET BEARING MARKET, BY SPEED, 2023-2032  (USD MILLION) 56
    57.  (USD MILLION) 58
    58. 2032  (USD MILLION) 58
    59. BY SPEED, 2023-2032  (USD MILLION) 58
    60. MARKET, BY TYPE, 2023-2032  (USD MILLION) 59
    61. BEARING MARKET, BY APPLICATION, 2023-2032  (USD MILLION) 60
    62. U.K.: MAGNET BEARING MARKET, BY END-USER, 2023-2032  (USD MILLION) 60
    63. MILLION) 61
    64.  (USD MILLION) 62
    65. 2032  (USD MILLION) 62
    66. BY SPEED, 2023-2032  (USD MILLION) 62
    67. MARKET, BY TYPE, 2023-2032  (USD MILLION) 63
    68. BEARING MARKET, BY APPLICATION, 2023-2032  (USD MILLION) 63
    69. ITALY: MAGNET BEARING MARKET, BY END-USER, 2023-2032  (USD MILLION) 64
    70.  (USD MILLION) 65
    71. BY APPLICATION, 2023-2032  (USD MILLION) 65
    72. MAGNET BEARING MARKET, BY END-USER, 2023-2032  (USD MILLION) 65
    73. REST OF EUROPE: MAGNET BEARING MARKET, BY SPEED, 2023-2032  (USD MILLION)
    74.  (USD MILLION) 67
    75. BY TYPE, 2023-2032  (USD MILLION) 67
    76. BEARING MARKET, BY APPLICATION, 2023-2032  (USD MILLION) 67
    77. ASIA PACIFIC: MAGNET BEARING MARKET, BY END-USER, 2023-2032  (USD MILLION)
    78.  (USD MILLION) 68
    79. 2032  (USD MILLION) 69
    80. BY APPLICATION, 2023-2032  (USD MILLION) 69
    81. BEARING MARKET, BY END-USER, 2023-2032  (USD MILLION) 70
    82. CHINA: MAGNET BEARING MARKET, BY SPEED, 2023-2032  (USD MILLION) 70
    83. MILLION) 72
    84.  (USD MILLION) 72
    85. 2032  (USD MILLION) 72
    86. BY TYPE, 2023-2032  (USD MILLION) 73
    87. MARKET, BY APPLICATION, 2023-2032  (USD MILLION) 74
    88. MAGNET BEARING MARKET, BY END-USER, 2023-2032  (USD MILLION) 74
    89. JAPAN: MAGNET BEARING MARKET, BY SPEED, 2023-2032  (USD MILLION) 74
    90. MILLION) 75
    91. APPLICATION, 2023-2032  (USD MILLION) 75
    92. MAGNET BEARING MARKET, BY END-USER, 2023-2032  (USD MILLION) 75
    93. REST OF ASIA PACIFIC: MAGNET BEARING MARKET, BY SPEED, 2023-2032  (USD MILLION)
    94. 2032  (USD MILLION) 78
    95. BEARING MARKET, BY TYPE, 2023-2032  (USD MILLION) 78
    96. EAST & AFRICA: MAGNET BEARING MARKET, BY APPLICATION, 2023-2032  (USD MILLION)
    97. 2032  (USD MILLION) 78
    98. BEARING MARKET, BY SPEED, 2023-2032  (USD MILLION) 79
    99. INVESTMENTS IN MANUFACTURING INDUSTRIES, 2023-2032  (USD MILLION) 79
    100.  (USD MILLION) 80
    101. END-USER, 2023-2032  (USD MILLION) 80
    102. BEARING MARKET, BY SPEED, 2023-2032  (USD MILLION) 80
    103. MAGNET BEARING MARKET, BY TYPE, 2023-2032  (USD MILLION) 81
    104. AFRICA: MAGNET BEARING MARKET, BY APPLICATION, 2023-2032  (USD MILLION)
    105. MILLION) 81
    106.  (USD MILLION) 82
    107. List Of Figures
    108. MAGNET BEARING MARKET: MARKET STRUCTURE 15
    109. OF MRFR 17
    110. DROC ANALYSIS: GLOBAL MAGNET BEARING MARKET 20
    111. FIVE FORCES ANALYSIS: MAGNET BEARING MARKET 29
    112. OF CONSTRUCTION, 2023-2032  (USD MILLION) 46
    113. SUPPORTED BY AEROSPACE & DEFENSE, U.S., 2022(USD BILLION) 47
    114. BRAZIL GENERATION CAPACITY, BY FUEL, 2022(GW) 51
    115. IMPORTS AND EXPORT OF BEARINGS, 2023-2032  (USD THOUSAND) 57
    116. U.K.: VALUE OF CONSTRUCTION, 2023-2032  (USD MILLION) 59
    117. FRANCE: IMPORTS AND EXPORT OF BEARINGS, 2023-2032  (USD THOUSAND) 61
    118. BEARING MARKET, 2023-2032 , (% SHARE) 84
    119. BY KEY PLAYERS IN GLOBAL MAGNET BEARING MARKET, 2022(% SHARE) 85

    Magnet Bearings Market Segmentation

    Magnet Bearings Application Outlook 

    • Compressor
    • Turbine
    • Pumps
    • Motors
    • Generators
    • Others

    Magnet Bearings Type Outlook 

    • Active Magnet Bearing
    • Passive Magnet Bearing
    • Hybrid Magnet Bearing

    Magnet Bearings End-User Outlook Oil & Gas

    • Petrochemicals
    • Power
    • Others

    Magnet Bearings Regional Outlook (USD Billion, 2018-2032)

    • North America Outlook (USD Billion, 2018-2032)

      • North America Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • North America Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • North America Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • US Outlook (USD Billion, 2018-2032)

      • US Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • US Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • US Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Canada Outlook (USD Billion, 2018-2032)

      • Canada Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Canada Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Canada Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
    • Europe Outlook (USD Billion, 2018-2032)

      • Europe Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Europe Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Europe Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Germany Outlook (USD Billion, 2018-2032)

      • Germany Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Germany Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Germany Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • France Outlook (USD Billion, 2018-2032)

      • France Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • France Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • France Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • UK Outlook (USD Billion, 2018-2032)

      • UK Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • UK Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • UK Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Italy Outlook (USD Billion, 2018-2032)

      • Italy Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Italy Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet BearingHybrid Magnet Bearing
      • Italy Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Spain Outlook (USD Billion, 2018-2032)

      • Spain Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Spain Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Spain Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Rest Of Europe Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Rest Of Europe Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Rest Of Europe Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Asia-Pacific Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Asia-Pacific Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Asia-Pacific Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • China Outlook (USD Billion, 2018-2032)

      • China Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • China Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • China Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Japan Outlook (USD Billion, 2018-2032)

      • Japan Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Japan Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Japan Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • India Outlook (USD Billion, 2018-2032)

      • India Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • India Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • India Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Australia Outlook (USD Billion, 2018-2032)

      • Australia Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Australia Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Australia Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Rest of Asia-Pacific Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Rest of Asia-Pacific Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Rest of Asia-Pacific Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
    • Rest of the World Outlook (USD Billion, 2018-2032)

      • Rest of the World Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Rest of the World Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Rest of the World Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Middle East Outlook (USD Billion, 2018-2032)

      • Middle East Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Middle East Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Middle East Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Africa Outlook (USD Billion, 2018-2032)

      • Africa Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Africa Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Africa Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
      • Latin America Outlook (USD Billion, 2018-2032)

      • Latin America Magnet Bearings by Application
        • Compressor
        • Turbine
        • Pumps
        • Motors
        • Generators
        • Others
      • Latin America Magnet Bearings by Type
        • Active Magnet Bearing
        • Passive Magnet Bearing
        • Hybrid Magnet Bearing
      • Latin America Magnet Bearings by End-User
        • Oil & Gas
        • Petrochemicals
        • Power
        • Others
    Global Magnet Bearings Market Research Report – Forecast till 2032 Infographic
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    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials