Market Overview:
The global hydro-magnetic bearing 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 satellite guidance and submarine guidance applications, and the growing need for energy-efficient bearings. The hydrostatic bearing segment is expected to hold the largest share of the global hydro-magnetic bearing market in 2018, owing to its high efficiency and low maintenance requirements. However, the hydrodynamic bearing segment is projected to grow at a higher CAGR during the forecast period, as it offers superior performance over other types of bearings. In terms of region, North America is expected to lead the global hydro-magnetic bearing market in 2018, followed by Europe and Asia Pacific.
Product Definition:
A hydro-magnetic bearing is a bearing that uses both hydrodynamic and magnetic forces. The hydrodynamic force acts to suspend the shaft in the fluid, while the magnetic force holds it in place against the rotating field. This type of bearing is important because it can support high loads with low friction, which makes them ideal for use in high-speed applications.
Hydrodynamic Bearing:
Hydrodynamic bearings are used in rotating machinery to eliminate the resistance of rolling, which is caused by the rotation of the shaft. The hydrodynamic bearing reduces or eliminates friction between two surfaces and allows smooth movement with less energy consumption.
The global hydro-dynamic bearing market size was valued at USD 2,867.1 million in 2016.
Hydrostatic Bearing:
Hydrostatic bearings are used in machinery and equipment to eliminate the need for lubrication. These bearings are used in applications that operate at high speeds with minimal radial, axial or thrust loadings. Hydrostatic bearings have a sealed cartridge containing a small amount of oil which is free to move within the bearing race. As opposed to rolling element seals, hydrostatic seals use water as a lubricant allowing them to operate dry without any risk of failure due to lack of lubrication.
Application Insights:
Satellite guidance application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The satellite navigation systems are integrated with inertial measurement units, Global Positioning System (GPS), and gyros to provide highly accurate position information for military aircraft, ships, and missiles. These systems are considered essential equipment in modern warfare as they enhance decision-making capabilities during times of crisis or war by providing precise location data about the enemy¢â‚¬â„¢s forces or assets at a given moment.
The submarine guidance application segment is expected to witness significant growth over the forecast period owing to increasing demand from countries such as China, India Japan Russia South Korea Brazil etc., which possess vast underwater resources that serve as potential markets for foreign companies operating in this sector.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing investments in aerospace & defense, oil & gas, mining machinery, wind energy farms, and other industrial applications. China is a major contributor towards regional growth owing to rapid industrialization along with an increase in foreign investments. For instance; In 2015-2016; China’s domestic magnetic bearing production was around 15 million units while exports accounted for approximately 70% of total sales volume.
North America held a significant share due to presence of prominent manufacturers such as Timken Co., HBM Corporation (Foothills Technologies), and Nidec Corporation among others. Moreover, growing emphasis on space exploration by NASA has resulted into increased demand for hydro-magnetic bearings across this region which will further boost industry expansion over the next eight years or so until 2030 AD at least).
Growth Factors:
- Increasing demand from the end-user industries
- Growing awareness about the benefits of hydro-magnetic bearings over traditional bearings
- Rising R&D investments by leading players to develop new and innovative products
- Growing popularity of hydro-magnetic bearings in renewable energy applications
- Technological advancements that have led to the development of more efficient and reliable hydro-magnetic bearings
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydro-Magnetic Bearing Market Research Report
By Type
Hydrodynamic Bearing, Hydrostatic Bearing
By Application
Satellite Guidance, Submarine Guidance, Others
By Companies
SKF Group, Thomas, Upwing Energy, Waukesha Bearings, KEBA, Atlas Copco
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Hydro-Magnetic Bearing Market Report Segments:
The global Hydro-Magnetic Bearing market is segmented on the basis of:
Types
Hydrodynamic Bearing, Hydrostatic Bearing
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
Satellite Guidance, Submarine Guidance, 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:
- SKF Group
- Thomas
- Upwing Energy
- Waukesha Bearings
- KEBA
- Atlas Copco
Highlights of The Hydro-Magnetic Bearing 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:
- Hydrodynamic Bearing
- Hydrostatic Bearing
- By Application:
- Satellite Guidance
- Submarine Guidance
- 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 Hydro-Magnetic Bearing 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
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- Consumer Insights
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- Product & Brand Management
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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?
Hydro-magnetic bearings are a type of bearing that uses the force of an electric current to move the bearing. This type of bearing is often used in applications where high speeds and/or loads are required, such as in motors and turbines.
Some of the key players operating in the hydro-magnetic bearing market are SKF Group, Thomas, Upwing Energy, Waukesha Bearings, KEBA, Atlas Copco.
The hydro-magnetic bearing 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 Hydro-Magnetic Bearing 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 Hydro-Magnetic Bearing Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hydro-Magnetic Bearing 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 Hydro-Magnetic Bearing 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 Hydro-Magnetic Bearing Market Size & Forecast, 2020-2028 4.5.1 Hydro-Magnetic Bearing Market Size and Y-o-Y Growth 4.5.2 Hydro-Magnetic Bearing Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Hydrodynamic Bearing
5.2.2 Hydrostatic Bearing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Satellite Guidance
6.2.2 Submarine Guidance
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydro-Magnetic Bearing 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 Hydro-Magnetic Bearing 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Hydrodynamic Bearing
9.6.2 Hydrostatic Bearing
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 Market Size Forecast by Applications
9.10.1 Satellite Guidance
9.10.2 Submarine Guidance
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Hydrodynamic Bearing
10.6.2 Hydrostatic Bearing
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 Market Size Forecast by Applications
10.10.1 Satellite Guidance
10.10.2 Submarine Guidance
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Hydrodynamic Bearing
11.6.2 Hydrostatic Bearing
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 Market Size Forecast by Applications
11.10.1 Satellite Guidance
11.10.2 Submarine Guidance
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Hydrodynamic Bearing
12.6.2 Hydrostatic Bearing
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 Market Size Forecast by Applications
12.10.1 Satellite Guidance
12.10.2 Submarine Guidance
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Hydrodynamic Bearing
13.6.2 Hydrostatic Bearing
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) Market Size Forecast by Applications
13.10.1 Satellite Guidance
13.10.2 Submarine Guidance
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 Hydro-Magnetic Bearing Market: Competitive Dashboard
14.2 Global Hydro-Magnetic Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SKF Group
14.3.2 Thomas
14.3.3 Upwing Energy
14.3.4 Waukesha Bearings
14.3.5 KEBA
14.3.6 Atlas Copco