Magnetic Bearing Market

Magnetic Bearing Market (Type: Active Magnetic Bearings [Electromagnetic Biased Magnetic Bearings and Permanent Magnet Biased Magnetic Bearings] and Passive Magnetic Bearings) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Magnetic Bearing Market Outlook 2031

  • The global industry was valued at US$ 1.9 Bn in 2022
  • It is estimated to grow at a CAGR of 5.9% from 2023 to 2031 and reach US$ 3.1 Bn by the end of 2031

Analysts’ Viewpoint

Increase in demand for magnetic bearings in various end-use industries, such as oil & gas, power generation, semiconductor, and biomedical engineering, is expected to positively impact the global magnetic bearing market value during the forecast period. Magnetic bearings eliminate friction losses, thus resulting in higher overall mechanical and energy efficiency. They are environmentally-friendly and reduce energy losses and CO2 emissions. Technological developments in office automation and medical equipment are also fueling magnetic bearing market size.

Manufacturers of magnetic bearings are investing significantly in R&D activities to strengthen their market share. Growth in demand for active magnetic bearings in end-use industries is creating value-grab magnetic bearing business opportunities for market players.

Magnetic Bearing Market

Market Introduction

Magnetic bearing is a type of bearing used to support objects with electromagnetic forces. These bearings give support to moving parts without making any physical contact. Active magnetic bearings are the most popular type of magnetic bearings, as electromagnets are easier to control and adjust. Therefore, the operation is more reliable and predictive.

Magnetic bearings are largely used in energy storage or transportation applications. They are also employed to support equipment in a vacuum. Magnetic ball bearings are used in some centrifugal compressors for chillers with a shaft made up of magnetic material lying between magnetic bearings.

Expansion in Power Generation Industry

Generators with magnetic bearings are widely adopted in the power generation sector, as they possess greater power density. These generators with magnetic bearings are much more convenient than traditional low-speed generators. They offer benefits such as low maintenance cost and increased efficiency.

Power generation increased by 3.6% in Europe and 2.7% in the U.S. in 2021, owing to the growth in the renewable energy sector in these regions. Power generation increased in most countries in Asia Pacific in 2021, with steady growth especially in China (+9.7%) and India (+4.8%).

Magnetic bearing is a new class of relatively small, efficient, high-speed generator of electricity that is used in various power applications, ranging from energy management in specific facilities and primary power sources for remote communities and industries to highly-portable packages for disaster recovery, rescue, and reconstruction.

Growth in Semiconductor Industry to Fuel Market Expansion

Semiconductors is the most strategically important technology used to power modern electronics. Rise in demand for consumer electronics and various other electronic products is driving the semiconductor sector. Manufacturers operating in the semiconductor sector are widely adopting magnetic bearings to achieve optimum output, reliability, high throughput, and high efficiency.

Semiconductors are nowadays so advanced that they can contain more than 100 billion transistors on a single piece of silicon. The global semiconductor sector is dominated by companies from the U.S., Taiwan, Japan, and the Netherlands.

According to the Semiconductor Industry Association (SIA), the global semiconductor industry sales totaled US$ 555.9 Bn in 2021; of this, the U.S. accounted for 46% share. Based on region, North America recorded the largest increase (27.4%) in sales in 2021. China is the largest market for semiconductors. Sales of semiconductors in the country totaled US$ 192.5 Bn in 2021. Annual sales also increased in Europe (27.3%) and Asia Pacific (25.9%) in the year.

Rise in Demand for Active Magnetic Bearings in End-use Industries

There is no physical contact between rotating and stationary components in the active magnetic bearing system. Therefore, friction and wear are minimized. These bearing systems are virtually maintenance-free, as there is no need for lubrication.

Active magnetic bearings reduce the initial capital investment as well as operating and maintenance costs. These bearings are used to achieve higher efficiencies and greater speed. Active magnetic bearings are suitable for extreme climatic conditions, including very low temperatures, corrosive environments, and zero gravity conditions. These bearings are frictionless and provide high speed for electric motors. Hence, demand for these active magnetic bearings is rising in end-use industries across the globe.

Regional Outlook of Global Magnetic Bearing Market

According to the latest magnetic bearing market analysis, Asia Pacific is expected to dominate the global landscape during the forecast period. Magnetic bearing market demand is rising in the region at a rapid pace. China is the world's third-largest country in terms of production of bearings. The country’s bearing market reached Yuan 193 Bn in 2020, with year-on-year growth of 9.0%.

Expansion in manufacturing, aerospace, and oil & gas industries is fueling magnetic bearing industry growth in Asia Pacific. Increase in adoption of new technologies and digitalization is encouraging manufacturers to focus on using customized bearings. Growth in the EV sector is also likely to augment market progress in the region the next few years.

The magnetic bearing market size in Europe is anticipated to grow steadily during the forecast period, owing to the rise in R&D spending and presence of numerous manufacturers in the region.

Analysis of Key Players in Global Magnetic Bearing Market

As per the latest magnetic bearing market research analysis, key players are implementing various strategies such as investments in R&D, product expansion, and mergers & acquisitions to increase their share. Product development is a key marketing strategy adopted by companies operating in the market.

The global landscape is highly competitive, with the presence of various global and regional players controlling majority of the magnetic bearing market share. Calnetix Technologies LLC, EAAT GmbH Chemnitz, KEBA, Mecos AG, Schaeffler Technologies GmbH & Co. KG, Siemens AG, SKF AB, SpinDrive Oy., Supermag (Suci Technology), and Waukesha Bearings Corporation are some of the prominent entities profiled in the global market.

Key Developments

  • On February 2, 2023, SKF AB invested SEK 700 Mn in locating engineering and manufacturing capabilities in a new, greenfield facility in Monterrey, Mexico. The investment is likely to help the company create a strong regional base for the development and manufacture of high-performance bearings.
  • On June 2, 2022, SpinDrive Oy. launched a new generation magma magnetic bearing controller at the Hannover Messe 2022 exhibition. Magma X800 is an advanced magnetic bearing controller for active magnetic bearing systems. It is designed for harsh industrial applications and is suitable for a typical power range from 35 kW up to 3MW with rotational speed from 10 000 rpm to 150 000 rpm and above.

Each of these players has been profiled in the magnetic bearing market forecast report based on parameters such as business strategies, business segments, company overview, recent developments, financial overview, and product portfolio.

Market Snapshot

Attribute

Detail

Market Size Value in 2022

US$ 1.9 Bn

Market Forecast Value in 2031

US$ 3.1 Bn

Growth Rate

(CAGR)

5.9%

Forecast Period

2023–2031

Historical Data Available for

2017–2021

Quantitative Units

US$ Bn for Value and Thousand Units for Volume

Market Analysis

Includes cross segment analysis at regional as well as country level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Type
    • Active Magnetic Bearings
      • Electromagnetic (EM) Biased Magnetic Bearings
      • Permanent Magnet (PM) Biased Magnetic Bearings
    • Passive Magnetic Bearings
  • Application
    • Turbo Machines
      • Compressors
      • Turbines
      • Pumps
      • Others
    • Motors
    • Generators
  • End-use
    • Biomedical Engineering
    • Semiconductor
    • Aerospace
    • Oil & Gas
    • Power Generation
    • Others (Marine, Processing, etc.)
  • Distribution Channel
    • Direct
    • Indirect

Region Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Japan
  • China
  • India
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • Calnetix Technologies, LLC
  • EAAT GmbH Chemnitz
  • KEBA
  • Mecos AG
  • Schaeffler Technologies GmbH & Co. KG
  • Siemens AG
  • SKF AB
  • SpinDrive Oy.
  • Supermag (Suci Technology)
  • Waukesha Bearings Corporation

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global magnetic bearing market in 2022?

It was valued at US$ 1.9 Bn in 2022.

What would be the CAGR during the forecast period?

The CAGR is expected to be 5.9% from 2023 to 2031.

What are the drivers of the industry?

Expansion in electrical power generation and semiconductor industries.

How is the active magnetic bearing type segment performing?

The active magnetic bearings type segment accounted for major share in 2022.

How promising is the Asia Pacific region?

Asia Pacific is likely to be one of the most lucrative regions in the next few years.

Who are the prominent players in the business?

Calnetix Technologies LLC, EAAT GmbH Chemnitz, KEBA, Mecos AG, Schaeffler Technologies GmbH & Co. KG, Siemens AG, SKF AB, SpinDrive Oy., Supermag (Suci Technology), and Waukesha Bearings Corporation.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Introduction

        5.2. Market Dynamics

            5.2.1. Drivers

            5.2.2. Restraints

            5.2.3. Opportunities

        5.3. Key Trends Analysis

            5.3.1. Demand Side Analysis

            5.3.2. Supply Side Analysis

        5.4. Standards & Regulations

        5.5. Technical Overview

        5.6. Key Market Indicators

        5.7. Raw Material Analysis

        5.8. Porter’s Five Forces Analysis

        5.9. Industry SWOT Analysis

        5.10. Value Chain Analysis

        5.11. Regulatory Framework

        5.12. Global Magnetic Bearing Market Analysis and Forecast, 2017 - 2031

            5.12.1. Market Value Projections (US$ Bn)

            5.12.2. Market Volume Projections (Thousand Units)

    6. Global Magnetic Bearing Market Analysis and Forecast, By Type

        6.1. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Type,2017 – 2031

            6.1.1. Active Magnetic Bearings

                6.1.1.1. Electromagnetic (EM) Biased Magnetic Bearings

                6.1.1.2. Permanent Magnet (PM) Biased Magnetic Bearings

            6.1.2. Passive Magnetic Bearing

        6.2. Incremental Opportunity, By Type

    7. Global Magnetic Bearing Market Analysis and Forecast, By Application

        7.1. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            7.1.1. Turbo Machines

                7.1.1.1. Compressors

                7.1.1.2. Turbines

                7.1.1.3. Pumps

                7.1.1.4. Others

            7.1.2. Motors

            7.1.3. Generators

        7.2. Incremental Opportunity, By Application

    8. Global Magnetic Bearing Market Analysis and Forecast, End-use

        8.1. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By End-use,2017 – 2031

            8.1.1. Biomedical Engineering

            8.1.2. Semiconductor

            8.1.3. Aerospace

            8.1.4. Oil & Gas

            8.1.5. Power Generation

            8.1.6. Others

        8.2. Incremental Opportunity, By End-use

    9. Global Magnetic Bearing Market Analysis and Forecast, By Distribution Channel

        9.1. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            9.1.1. Direct

            9.1.2. Indirect

        9.2. Incremental Opportunity, By Distribution Channel

    10. Global Magnetic Bearing Market Analysis and Forecast, By Region

        10.1. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Region, 2017 - 2031

            10.1.1. North America

            10.1.2. Europe

            10.1.3. Asia Pacific

            10.1.4. Middle East & Africa

            10.1.5. South America

        10.2. Incremental Opportunity, By Region

    11. North America Magnetic Bearing Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Macroeconomic Overview

        11.3. Brand Analysis

        11.4. Price Trend Analysis

            11.4.1. Weighted Average Price

        11.5. Key Trends Analysis

            11.5.1. Demand Side

            11.5.2. Supplier Side

        11.6. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Type,2017 – 2031

            11.6.1. Active Magnetic Bearings

                11.6.1.1. Electromagnetic (EM) Biased Magnetic Bearings

                11.6.1.2. Permanent Magnet (PM) Biased Magnetic Bearings

            11.6.2. Passive Magnetic Bearing

        11.7. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            11.7.1. Turbo Machines

                11.7.1.1. Compressors

                11.7.1.2. Turbines

                11.7.1.3. Pumps

                11.7.1.4. Others

            11.7.2. Motors

            11.7.3. Generators

        11.8. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By End-use,2017 – 2031

            11.8.1. Biomedical Engineering

            11.8.2. Semiconductor

            11.8.3. Aerospace

            11.8.4. Oil & Gas

            11.8.5. Power Generation

            11.8.6. Others

        11.9. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            11.9.1. Direct

            11.9.2. Indirect

        11.10. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            11.10.1. U.S

            11.10.2. Canada

            11.10.3. Rest of North America

        11.11. Incremental Opportunity Analysis

    12. Europe Magnetic Bearing Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Macroeconomic Overview

        12.3. Brand Analysis

        12.4. Price Trend Analysis

            12.4.1. Weighted Average Price

        12.5. Key Trends Analysis

            12.5.1. Demand Side

            12.5.2. Supplier Side

        12.6. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Type,2017 – 2031

            12.6.1. Active Magnetic Bearings

                12.6.1.1. Electromagnetic (EM) Biased Magnetic Bearings

                12.6.1.2. Permanent Magnet (PM) Biased Magnetic Bearings

            12.6.2. Passive Magnetic Bearing

        12.7. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            12.7.1. Turbo Machines

                12.7.1.1. Compressors

                12.7.1.2. Turbines

                12.7.1.3. Pumps

                12.7.1.4. Others

            12.7.2. Motors

            12.7.3. Generators

        12.8. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By End-use,2017 – 2031

            12.8.1. Biomedical Engineering

            12.8.2. Semiconductor

            12.8.3. Aerospace

            12.8.4. Oil & Gas

            12.8.5. Power Generation

            12.8.6. Others

        12.9. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            12.9.1. Direct

            12.9.2. Indirect

        12.10. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            12.10.1. U.K

            12.10.2. Germany

            12.10.3. France

            12.10.4. Rest of Europe

        12.11. Incremental Opportunity Analysis

    13. Asia Pacific Magnetic Bearing Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Macroeconomic Overview

        13.3. Brand Analysis

        13.4. Key Trends Analysis

            13.4.1. Demand Side

            13.4.2. Supplier Side

        13.5. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Type,2017 – 2031

            13.5.1. Active Magnetic Bearings

                13.5.1.1. Electromagnetic (EM) Biased Magnetic Bearings

                13.5.1.2. Permanent Magnet (PM) Biased Magnetic Bearings

            13.5.2. Passive Magnetic Bearing

        13.6. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            13.6.1. Turbo Machines

                13.6.1.1. Compressors

                13.6.1.2. Turbines

                13.6.1.3. Pumps

                13.6.1.4. Others

            13.6.2. Motors

            13.6.3. Generators

        13.7. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By End-use,2017 – 2031

            13.7.1. Biomedical Engineering

            13.7.2. Semiconductor

            13.7.3. Aerospace

            13.7.4. Oil & Gas

            13.7.5. Power Generation

            13.7.6. Others

        13.8. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            13.8.1. Direct

            13.8.2. Indirect

        13.9. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            13.9.1. India

            13.9.2. China

            13.9.3. Japan

            13.9.4. Rest of Asia Pacific

        13.10. Incremental Opportunity Analysis

    14. Middle East & South Africa Magnetic Bearing Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Macroeconomic Overview

        14.3. Brand Analysis

        14.4. Price Trend Analysis

            14.4.1. Weighted Average Price

        14.5. Key Trends Analysis

            14.5.1. Demand Side

            14.5.2. Supplier Side

        14.6. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Type,2017 – 2031

            14.6.1. Active Magnetic Bearings

                14.6.1.1. Electromagnetic (EM) Biased Magnetic Bearings

                14.6.1.2. Permanent Magnet (PM) Biased Magnetic Bearings

            14.6.2. Passive Magnetic Bearing

        14.7. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            14.7.1. Turbo Machines

                14.7.1.1. Compressors

                14.7.1.2. Turbines

                14.7.1.3. Pumps

                14.7.1.4. Others

            14.7.2. Motors

            14.7.3. Generators

        14.8. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By End-use,2017 – 2031

            14.8.1. Biomedical Engineering

            14.8.2. Semiconductor

            14.8.3. Aerospace

            14.8.4. Oil & Gas

            14.8.5. Power Generation

            14.8.6. Others

        14.9. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            14.9.1. Direct

            14.9.2. Indirect

        14.10. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            14.10.1. GCC

            14.10.2. Rest of MEA

        14.11. Incremental Opportunity Analysis

    15. South America Magnetic Bearing Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Macroeconomic Overview

        15.3. Brand Analysis

        15.4. Price Trend Analysis

            15.4.1. Weighted Average Price

        15.5. Key Trends Analysis

            15.5.1. Demand Side

            15.5.2. Supplier Side

        15.6. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Type,2017 – 2031

            15.6.1. Active Magnetic Bearings

                15.6.1.1. Electromagnetic (EM) Biased Magnetic Bearings

                15.6.1.2. Permanent Magnet (PM) Biased Magnetic Bearings

            15.6.2. Passive Magnetic Bearing

        15.7. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            15.7.1. Turbo Machines

                15.7.1.1. Compressors

                15.7.1.2. Turbines

                15.7.1.3. Pumps

                15.7.1.4. Others

            15.7.2. Motors

            15.7.3. Generators

        15.8. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By End-use,2017 – 2031

            15.8.1. Biomedical Engineering

            15.8.2. Semiconductor

            15.8.3. Aerospace

            15.8.4. Oil & Gas

            15.8.5. Power Generation

            15.8.6. Others

        15.9. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            15.9.1. Direct

            15.9.2. Indirect

        15.10. Magnetic Bearing Market Size (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            15.10.1. Brazil

            15.10.2. Rest of South America

        15.11. Incremental Opportunity Analysis

    16. Competition Landscape

        16.1. Market Player – Competition Dashboard

        16.2. Market Share Analysis (%), by Company, (2022)

        16.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)

            16.3.1. Calnetix Technologies, LLC

                16.3.1.1. Company Overview

                16.3.1.2. Sales Area/Geographical Presence

                16.3.1.3. Revenue

                16.3.1.4. Strategy & Business Overview

            16.3.2. EAAT GmbH Chemnitz

                16.3.2.1. Company Overview

                16.3.2.2. Sales Area/Geographical Presence

                16.3.2.3. Revenue

                16.3.2.4. Strategy & Business Overview

            16.3.3. KEBA

                16.3.3.1. Company Overview

                16.3.3.2. Sales Area/Geographical Presence

                16.3.3.3. Revenue

                16.3.3.4. Strategy & Business Overview

            16.3.4. Mecos AG

                16.3.4.1. Company Overview

                16.3.4.2. Sales Area/Geographical Presence

                16.3.4.3. Revenue

                16.3.4.4. Strategy & Business Overview

            16.3.5. Schaeffler Technologies GmbH & Co. KG

                16.3.5.1. Company Overview

                16.3.5.2. Sales Area/Geographical Presence

                16.3.5.3. Revenue

                16.3.5.4. Strategy & Business Overview

            16.3.6. Siemens AG

                16.3.6.1. Company Overview

                16.3.6.2. Sales Area/Geographical Presence

                16.3.6.3. Revenue

                16.3.6.4. Strategy & Business Overview

            16.3.7. SKF AB

                16.3.7.1. Company Overview

                16.3.7.2. Sales Area/Geographical Presence

                16.3.7.3. Revenue

                16.3.7.4. Strategy & Business Overview

            16.3.8. SpinDrive Oy.

                16.3.8.1. Company Overview

                16.3.8.2. Sales Area/Geographical Presence

                16.3.8.3. Revenue

                16.3.8.4. Strategy & Business Overview

            16.3.9. Supermag (Suci Technology)

                16.3.9.1. Company Overview

                16.3.9.2. Sales Area/Geographical Presence

                16.3.9.3. Revenue

                16.3.9.4. Strategy & Business Overview

            16.3.10. Waukesha Bearings Corporation

                16.3.10.1. Company Overview

                16.3.10.2. Sales Area/Geographical Presence

                16.3.10.3. Revenue

                16.3.10.4. Strategy & Business Overview

    17. Key Takeaways

        17.1. Identification of Potential Market Spaces

            17.1.1. By Type

            17.1.2. By Application

            17.1.3. End-use

            17.1.4. By Distribution Channel

            17.1.5. By Region

        17.2. Prevailing Market Risks

        17.3. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Table 2: Global Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Table 3: Global Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Table 4: Global Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Table 5: Global Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Table 6: Global Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Table 7: Global Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 8: Global Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 9: Global Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Table 10: Global Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Table 11: North America Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Table 12: North America Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Table 13: North America Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Table 14: North America Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Table 15: North America Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Table 16: North America Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Table 17: North America Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 18: North America Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 19: North America Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Table 20: North America Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Table 21: Europe Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Table 22: Europe Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Table 23: Europe Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Table 24: Europe Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Table 25: Europe Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Table 26: Europe Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Table 27: Europe Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 28: Europe Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 29: Europe Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Table 30: Europe Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Table 31: Asia Pacific Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Table 32: Asia Pacific Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Table 33: Asia Pacific Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Table 34: Asia Pacific Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Table 35: Asia Pacific Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Table 36: Asia Pacific Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Table 37: Asia Pacific Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 38: Asia Pacific Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 39: Asia Pacific Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Table 40: Asia Pacific Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Table 41: Middle East & Africa Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Table 42: Middle East & Africa Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Table 43: Middle East & Africa Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Table 44: Middle East & Africa Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Table 45: Middle East & Africa Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Table 46: Middle East & Africa Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Table 47: Middle East & Africa Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 48: Middle East & Africa Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 49: Middle East & Africa Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Table 50: Middle East & Africa Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Table 51: South America Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Table 52: South America Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Table 53: South America Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Table 54: South America Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Table 55: South America Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Table 56: South America Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Table 57: South America Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 58: South America Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 59: South America Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Table 60: South America Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    List of Figures

    Figure 1: Global Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Figure 2: Global Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Figure 3: Global Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 4: Global Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Figure 5: Global Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Figure 6: Global Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2023-2031

    Figure 7: Global Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Figure 8: Global Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Figure 9: Global Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by End-use, 2023-2031

    Figure 10: Global Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 11: Global Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 12: Global Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 13: Global Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Figure 14: Global Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Figure 15: Global Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 16: North America Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Figure 17: North America Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Figure 18: North America Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 19: North America Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Figure 20: North America Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Figure 21: North America Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2023-2031

    Figure 22: North America Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Figure 23: North America Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Figure 24: North America Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by End-use, 2023-2031

    Figure 25: North America Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 26: North America Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 27: North America Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 28: North America Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Figure 29: North America Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Figure 30: North America Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 31: Europe Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Figure 32: Europe Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Figure 33: Europe Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 34: Europe Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Figure 35: Europe Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Figure 36: Europe Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2023-2031

    Figure 37: Europe Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Figure 38: Europe Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Figure 39: Europe Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by End-use, 2023-2031

    Figure 40: Europe Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 41: Europe Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 42: Europe Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 43: Europe Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Figure 44: Europe Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Figure 45: Europe Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 46: Asia Pacific Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Figure 47: Asia Pacific Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Figure 48: Asia Pacific Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 49: Asia Pacific Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Figure 50: Asia Pacific Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Figure 51: Asia Pacific Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2023-2031

    Figure 52: Asia Pacific Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Figure 53: Asia Pacific Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Figure 54: Asia Pacific Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by End-use, 2023-2031

    Figure 55: Asia Pacific Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 56: Asia Pacific Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 57: Asia Pacific Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 58: Asia Pacific Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Figure 59: Asia Pacific Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Figure 60: Asia Pacific Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 61: Middle East & Africa Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Figure 62: Middle East & Africa Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Figure 63: Middle East & Africa Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 64: Middle East & Africa Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Figure 65: Middle East & Africa Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Figure 66: Middle East & Africa Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Application,2023-2031

    Figure 67: Middle East & Africa Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Figure 68: Middle East & Africa Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Figure 69: Middle East & Africa Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by End-use, 2017-2031

    Figure 70: Middle East & Africa Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 71: Middle East & Africa Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 72: Middle East & Africa Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 73: Middle East & Africa Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Figure 74: Middle East & Africa Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Figure 75: Middle East & Africa Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 76: South America Magnetic Bearing Market Value (US$ Bn), by Type, 2017-2031

    Figure 77: South America Magnetic Bearing Market Volume (Thousand Units), by Type 2017-2031

    Figure 78: South America Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 79: South America Magnetic Bearing Market Value (US$ Bn), by Application, 2017-2031

    Figure 80: South America Magnetic Bearing Market Volume (Thousand Units), by Application 2017-2031

    Figure 81: South America Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2023-2031

    Figure 82: South America Magnetic Bearing Market Value (US$ Bn), by End-use, 2017-2031

    Figure 83: South America Magnetic Bearing Market Volume (Thousand Units), by End-use 2017-2031

    Figure 84: South America Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by End-use, 2023-2031

    Figure 85: South America Magnetic Bearing Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 86: South America Magnetic Bearing Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 87: South America Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 88: South America Magnetic Bearing Market Value (US$ Bn), by Region, 2017-2031

    Figure 89: South America Magnetic Bearing Market Volume (Thousand Units), by Region 2017-2031

    Figure 90: South America Magnetic Bearing Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

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