Market Overview:
The global passive magnetic bearing market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and reliable equipment across various industries. Additionally, the growing awareness about the benefits of using passive magnetic bearings is also contributing to the growth of this market. Based on type, radial type bearings are expected to account for a larger share of the global passive magnetic bearing market than other types during the forecast period. This can be attributed to their high reliability and efficiency as compared with other types of bearings.
Product Definition:
A passive magnetic bearing is a type of bearing that uses magnets to support the weight of a load, typically rotor shafts in electric motors and generators. The use of magnets creates a force that opposes the movement of the load, keeping it in place. This makes passive magnetic bearings ideal for high-speed applications where regular bearings would fail due to heat and wear.
Radial Type:
Radial type is used in the passive magnetic bearing market.
The radial type has a larger number of rolling elements, which results in lower friction and higher accuracy requirements. As a result, it is widely used for high-precision applications such as space exploration and nuclear power plants.
Other:
Other is a generic term used in the passive magnetic bearing market to define any non-rotating part of an assembly. It can be either permanent or temporary and is generally made up of soft materials such as plastic, rubber, or foam. Other parts are also known as supporting components and their function varies depending on the application requirements.
Application Insights:
The other application segment includes applications such as motors, compressors, turbines and generators. The pumps segment is expected to witness the fastest growth over the forecast period owing to increasing demand for oil & gas from various sources. Increasing use of magnetic bearings in pumps is anticipated to boost industry growth over the coming years.
The Latin America passive magnetic bearing market was valued at USD 281.0 million in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 due largelyto growing industrialization coupled with urbanizationin emerging economies such as Brazil, Argentina and Colombia among others will drive industry expansion over the forecast period.
Increasing adoption of electric vehicles (EV) across major markets including China, U.S.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for generators and motors in various applications such as industrial, medical, and HVAC. In addition, presence of major companies such as General Electric; Emerson Electric Co.; Cummins Inc.; and Westinghouse Electric Corporation is also contributing towards the growth of the regional market.
Asia Pacific was estimated to be the largest market with a revenue share of more than 35% in 2017 owing to rapid development taking place across several sectors including manufacturing, construction & infrastructure development along with rising population in countries like China and India are anticipated to drive product adoption over next eight years.
Growth Factors:
- Increasing demand from the end-user industries for high-efficiency and low-maintenance bearings is expected to drive the growth of passive magnetic bearing market.
- Rising awareness about the benefits of using PMBs in various industrial applications is projected to fuel the growth of this market in near future.
- Growing investments by key players in research and development activities for developing new technologies and products is anticipated to propel the growth of passive magnetic bearing market during forecast period.
- Increasing adoption of PMBs in wind turbines owing to its ability to improve efficiency is likely to boost this market over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passive Magnetic Bearing Market Research Report
By Type
Radial Type, Other
By Application
Pumps, Compressors, Turbines, Generators, Other
By Companies
Calnetix Technologies, EAAT GmbH, Magnetal
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Passive Magnetic Bearing Market Report Segments:
The global Passive Magnetic Bearing market is segmented on the basis of:
Types
Radial Type, Other
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
Pumps, Compressors, Turbines, Generators, Other
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:
- Calnetix Technologies
- EAAT GmbH
- Magnetal
Highlights of The Passive 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:
- Radial Type
- Other
- By Application:
- Pumps
- Compressors
- Turbines
- Generators
- Other
- 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 Passive 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
- Understanding Competition Scenario
- 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?
Passive Magnetic Bearing is a type of bearing that uses the force of magnets to keep the bearings in place. This type of bearing is often used in applications where high levels of accuracy and reliability are required, such as medical equipment and robotics.
Some of the major players in the passive magnetic bearing market are Calnetix Technologies, EAAT GmbH, Magnetal.
The passive magnetic bearing market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passive 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 Passive Magnetic Bearing Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Passive 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 Passive 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 Passive Magnetic Bearing Market Size & Forecast, 2020-2028 4.5.1 Passive Magnetic Bearing Market Size and Y-o-Y Growth 4.5.2 Passive 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 Radial Type
5.2.2 Other
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 Pumps
6.2.2 Compressors
6.2.3 Turbines
6.2.4 Generators
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passive 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 Passive 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 Radial Type
9.6.2 Other
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 Pumps
9.10.2 Compressors
9.10.3 Turbines
9.10.4 Generators
9.10.5 Other
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 Radial Type
10.6.2 Other
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 Pumps
10.10.2 Compressors
10.10.3 Turbines
10.10.4 Generators
10.10.5 Other
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 Radial Type
11.6.2 Other
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 Pumps
11.10.2 Compressors
11.10.3 Turbines
11.10.4 Generators
11.10.5 Other
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 Radial Type
12.6.2 Other
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 Pumps
12.10.2 Compressors
12.10.3 Turbines
12.10.4 Generators
12.10.5 Other
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 Radial Type
13.6.2 Other
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 Pumps
13.10.2 Compressors
13.10.3 Turbines
13.10.4 Generators
13.10.5 Other
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 Passive Magnetic Bearing Market: Competitive Dashboard
14.2 Global Passive Magnetic Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Calnetix Technologies
14.3.2 EAAT GmbH
14.3.3 Magnetal