Market Overview:
The global cryogenic bearings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cryogenic bearings in various applications, such as cryogenic and ultra-high vacuum (UHV) applications. In addition, the growing demand for energy-efficient and low-noise bearings is also contributing to the growth of this market. The ball bearings segment is expected to hold the largest share of the global cryogenic bearings market during the forecast period. This segment is mainly driven by its high efficiency and low noise characteristics compared with other types of bearing technologies available in the market.
Product Definition:
Cryogenic Bearings are bearings that have been cooled to very low temperatures, typically below -200 degrees Celsius. They are used in a wide variety of applications where low friction and high performance are required. Cryogenic bearings can be made from a variety of materials, including metals, plastics, and composites.
Ball Bearings:
Ball bearings are rolling elements used as a part of rotary motion equipment or machinery. They can be classified into two types: dry and wet. The difference between the two is that, in a wet bearing, there is oil present inside the ball itself whereas in dry type there is no oil inside the ball but it is coated with an oily film to reduce friction.
The main application of ball bearings includes helicopters, automobiles & trucks (OAT), wind turbines.
Roller Bearings:
roller bearings are used in cryogenic bearings owing to their low friction properties. The main function of a roller bearing is to provide smooth and easy movement with minimal friction. They are primarily used in applications that require high speed, load capacity, and minimum radial force such as machinery used in mining, construction equipment, material handling equipment among others.
The market for roller bearings is highly competitive due to the presence of a large number of players offering similar products at prices slightly different than the prevailing market price.
Application Insights:
Cryogenic application segment accounted for the largest share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing R&D on cryogenics & cryoelectronics which in turn is expected to boost product demand. Cryogenic applications include space, automotive, industrial and medical among others. In recent years, medical sector has emerged as one of the major consumers owing to growing usage of frozen tissues for stem cells transplantation purposes which in turn will fuel market growth over next few years.
Ultra-high vacuum (UHV) application segment was valued at USD 281 million in 2017 and is anticipated to witness significant growth during the forecast period owingto its rising use across various industries such as oil & gas, semiconductor manufacturing etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries, such as aerospace and automotive. In addition, rising disposable income levels and improving standard of living are anticipated to boost product demand across this region.
The Asia Pacific was followed by Europe in terms of revenue generation in 2017 due to high industrial output across countries such as Germany, France and Russia which are major consumers of cryogenic products worldwide.
Growth Factors:
- Increasing demand for cryogenic bearings in the aerospace and defense sectors due to their high performance and reliability.
- Growing popularity of cryogenic bearings in the energy sector due to their ability to operate at very low temperatures without any degradation in performance.
- Rising demand for cryogenic bearings from the medical industry as they are used extensively in various medical applications such as MRI machines, CT scanners, and PET scanners.
- Increasing adoption of cryogenic bearings by major Original Equipment Manufacturers (OEMs) for use in a wide range of industrial applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Bearings Market Research Report
By Type
Ball Bearings, Roller Bearings, Needle Bearings, Plain Bearings
By Application
Cryogenic, Ultra-high Vacuum, Others
By Companies
Carter Manufacturing, CEROBEAR, RBC Bearings, Saint-Gobain Seals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Bearings Market Report Segments:
The global Cryogenic Bearings market is segmented on the basis of:
Types
Ball Bearings, Roller Bearings, Needle Bearings, Plain Bearings
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cryogenic, Ultra-high Vacuum, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Carter Manufacturing
- CEROBEAR
- RBC Bearings
- Saint-Gobain Seals
Highlights of The Cryogenic Bearings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ball Bearings
- Roller Bearings
- Needle Bearings
- Plain Bearings
- By Application:
- Cryogenic
- Ultra-high Vacuum
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cryogenic Bearings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cryogenic bearings are a type of bearing that uses cryogenics to keep the bearings cool. This helps reduce friction and wear, which can prolong the life of the bearing.
Some of the major players in the cryogenic bearings market are Carter Manufacturing, CEROBEAR, RBC Bearings, Saint-Gobain Seals.
The cryogenic bearings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryogenic Bearings Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cryogenic Bearings Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cryogenic Bearings Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cryogenic Bearings Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cryogenic Bearings Market Size & Forecast, 2018-2028 4.5.1 Cryogenic Bearings Market Size and Y-o-Y Growth 4.5.2 Cryogenic Bearings Market Absolute $ Opportunity
Chapter 5 Global Cryogenic Bearings Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cryogenic Bearings Market Size Forecast by Type
5.2.1 Ball Bearings
5.2.2 Roller Bearings
5.2.3 Needle Bearings
5.2.4 Plain Bearings
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cryogenic Bearings Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cryogenic Bearings Market Size Forecast by Applications
6.2.1 Cryogenic
6.2.2 Ultra-high Vacuum
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryogenic Bearings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cryogenic Bearings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cryogenic Bearings Analysis and Forecast
9.1 Introduction
9.2 North America Cryogenic Bearings Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cryogenic Bearings Market Size Forecast by Type
9.6.1 Ball Bearings
9.6.2 Roller Bearings
9.6.3 Needle Bearings
9.6.4 Plain Bearings
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cryogenic Bearings Market Size Forecast by Applications
9.10.1 Cryogenic
9.10.2 Ultra-high Vacuum
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cryogenic Bearings Analysis and Forecast
10.1 Introduction
10.2 Europe Cryogenic Bearings Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cryogenic Bearings Market Size Forecast by Type
10.6.1 Ball Bearings
10.6.2 Roller Bearings
10.6.3 Needle Bearings
10.6.4 Plain Bearings
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cryogenic Bearings Market Size Forecast by Applications
10.10.1 Cryogenic
10.10.2 Ultra-high Vacuum
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cryogenic Bearings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cryogenic Bearings Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cryogenic Bearings Market Size Forecast by Type
11.6.1 Ball Bearings
11.6.2 Roller Bearings
11.6.3 Needle Bearings
11.6.4 Plain Bearings
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cryogenic Bearings Market Size Forecast by Applications
11.10.1 Cryogenic
11.10.2 Ultra-high Vacuum
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cryogenic Bearings Analysis and Forecast
12.1 Introduction
12.2 Latin America Cryogenic Bearings Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cryogenic Bearings Market Size Forecast by Type
12.6.1 Ball Bearings
12.6.2 Roller Bearings
12.6.3 Needle Bearings
12.6.4 Plain Bearings
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cryogenic Bearings Market Size Forecast by Applications
12.10.1 Cryogenic
12.10.2 Ultra-high Vacuum
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cryogenic Bearings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cryogenic Bearings Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cryogenic Bearings Market Size Forecast by Type
13.6.1 Ball Bearings
13.6.2 Roller Bearings
13.6.3 Needle Bearings
13.6.4 Plain Bearings
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cryogenic Bearings Market Size Forecast by Applications
13.10.1 Cryogenic
13.10.2 Ultra-high Vacuum
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cryogenic Bearings Market: Competitive Dashboard
14.2 Global Cryogenic Bearings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carter Manufacturing
14.3.2 CEROBEAR
14.3.3 RBC Bearings
14.3.4 Saint-Gobain Seals