Global and Japan Magnetic Bearings Market Insights, Forecast to 2027

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.
Global Magnetic Bearings key players include SKF, Schaeffler, Dresser-rand, MECOS AG, Wauk Bearing, etc. Global top five manufacturers hold a share over 45%.
Europe is the largest market, with a share over 40%, followed by US and China, both have a share over 40%.
In terms of product, Active Magnetic Bearing is the largest segment, with a share over 55%. And in terms of application, the largest application is Compressors, followed by Turbines, Pumps, etc.

Market Analysis and Insights: Global and Japan Magnetic Bearings Market
This report focuses on global and Japan Magnetic Bearings market.
In 2020, the global Magnetic Bearings market size was US$ 3707 million and it is expected to reach US$ 5912.6 million by the end of 2027, with a CAGR of 6.9% during 2021-2027. In Japan the Magnetic Bearings market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Magnetic Bearings Scope and Market Size
Magnetic Bearings market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Magnetic Bearings market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For Japan market, this report focuses on the Magnetic Bearings market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in Japan.

Segment by Type
Active Magnetic Bearing
Passive Magnetic Bearing
Hybrid Magnetic Bearing

Segment by Application
Compressors
Turbines
Pumps
Motors
Generators
Others

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

By Company
SKF
Schaeffler
Dresser-rand
MECOS
Waukesha Bearings
LTi
Calnetix
Levitronix
Zeitlos
Jiuyishun
Nanjing CIGU
FG-AMB
Tianjin Emaging