The global Active Magnetic Bearing market was valued at US$ 254.6 million in 2019 and it is expected to reach US$ 370.9 million by the end of 2026, growing at a CAGR of 6.3% during 2021-2026.
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.
Global Active Magnetic Bearing Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Active Magnetic Bearing Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are SKF, Waukesha Bearings, Schaeffler, Siemens, Keba Industrial Automation, Zeitlos, Kazancompressormash, Mecos, Synchrony, Calnetix, FG-AMB, Maruwa Electronic and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Analog Control
- Digital Control
Segment by Application
Table of Content:
1 Active Magnetic Bearing Market Overview
2 Active Magnetic Bearing Market Competition by Manufacturers
3 Active Magnetic Bearing Retrospective Market Scenario by Region
4 Global Active Magnetic Bearing Historic Market Analysis by Type
5 Global Active Magnetic Bearing Historic Market Analysis by Application
6 Key Companies Profiled
7 Active Magnetic Bearing Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Active Magnetic Bearing Market Dynamics
10 Global Active Magnetic Bearing Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.