Global Active Magnetic Bearing Market Insights and Forecast to 2027

An active magnetic bearing works on the principle of electromagnetic suspension based on the induction of eddy currents in a rotating conductor. When an electrically conducting material is moving in a magnetic field, a current will be generated in the material that counters the change in the magnetic field (known as Lenz's Law). This generates a current that will result in a magnetic field that is oriented opposite to the one from the magnet. The electrically conducting material is thus acting as a magnetic mirror.
Active bearings have several advantages: they do not suffer from wear, have low friction, and can often accommodate irregularities in the mass distribution automatically, allowing rotors to spin around their centre of mass with very low vibration.
Europe is projected to lead the global market during the forecast period. The market in Asia Pacific is expanding at a substantial pace. At the perspective of key manufacturers, SKF, Waukesha Bearings and Schaeffler are the top three players of Global Active Magnetic Bearing market, and their revenue share was 49.44% in 2019. To some extent, it reflects that the market is relatively fragmented.

Market Analysis and Insights: Global Active Magnetic Bearing Market
The global Active Magnetic Bearing market is valued at US$ 254.6 million in 2019. The market size will reach US$ 370.9 million by the end of 2026, growing at a CAGR of 6.3% during 2021-2026.

Global Active Magnetic Bearing Scope and Segment
Active Magnetic Bearing market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Active Magnetic Bearing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Analog Control
Digital Control

Segment by Application
Motors
Blowers
Compressors
Pumps
Generators
Turbines
Turboexpanders
Others

By Company
SKF
Waukesha Bearings
Schaeffler
Siemens
KEBA Industrial Automation
Zeitlos
Kazancompressormash
MECOS
Synchrony
Calnetix
FG-AMB
Maruwa Electronic

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE