The new research report on Magnetic Bearing Market offered by DecisionDatabases.com provides Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2023. A magnetic bearing is a bearing that supports the moving parts of a machine or equipment without any physical contact. They are able to provide relative motion of the machinery with very less friction and no wear and tear. They are used in several industrial applications such as power generation, petroleum refinery, semiconductors, natural gas handling, machine tool operation, etc. The advantages of magnetic bearings are very low friction, can be used in vacuum and the ability to run without any lubrication. They are used in machines such as turbines, motors, compressors, generators, pumps etc.
The magnetic bearings are classified according to the industrial applications as oil and gas, power generation, semiconductor and vacuum equipment. The semiconductor industry is the fastest growing segment and is expected to grow during the forecast period.
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The major drivers for this magnetic bearings are emerging markets and innovation. A variety of market drivers such as applications in the new segments such as electrical equipment, bullet trains etc. also fuel the growth for this industry. The market has experienced continuous innovation and growth since inception. The major constraints for this market are high cost, heavy and relatively large size of the magnetic bearings.
North America is the largest producer of Global Magnetic Bearings. The Asia Pacific market and countries such as China and Japan are expected to grow during the forecast period. The major companies are Calnetix, Foshan Genesis, Jiuyishun, Mecos AG, SKF, Wauk Bearing, Tianjin Emaging etc. Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
4.Magnetic Bearing Market Analysis By Applications
5.Magnetic Bearing Market Analysis By Region
6.Competitive Landscape Of Magnetic Bearing Companies
7.Company Profiles Of Magnetic Bearing Industry
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