Active Magnetic Bearing Industry Analysis：the global market size is projected to reach USD 0.69 billion by 2030

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.

According to the new market research report “Active Magnetic Bearing- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Active Magnetic Bearing market size is projected to reach USD 0.69 billion by 2030, at a CAGR of 9.7% during the forecast period.

• Global Active Magnetic Bearing MarketSize(US$ Million), 2019-2030

 

Source: QYResearch, "Active Magnetic Bearing- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

 

• Global Active Magnetic Bearing Top14Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

 

Source: QYResearch, "Active Magnetic Bearing- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

According to QYResearch Top Players Research Center, the global key manufacturers of Active Magnetic Bearing include SKF, Waukesha Bearings, Schaeffler, Nanjing CIGU, Siemens (Innomotics), KEBA Industrial Automation, Zeitlos, Kazancompressormash, MECOS, Synchrony, etc. In 2023, the global top 10 players had a share approximately 75.0% in terms of revenue.

 

 

Market Drivers:

D1. Downstream application drives demand growth.

Magnetic bearings are used in various industries such as bio-medical engineering, semiconductor industry, maglev transportation, precision engineering, aerospace, turbo machines, vacuum technology and structural isolation. Magnetic bearings are vividly used in compressors, pumps, generators, turbines and motors.

 

D2. Technology advantages.

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 center of mass with very low vibration.

These advantages are strong factors for the growing adoption of the magnetic bearings in various applications, thereby contributing to the growth of the magnetic bearings market.

Moreover, facts such as reliability, practicability in usage, working with high speeds conveniently, absence of external lubrication, less maintenance costs due to absence of wear, robustness to external turbulences, isolation of vibrations making process smoother and facilitating longer system life owing to better durability add to the acceptance of the magnetic bearings in different industrial domains and growth of these bearings in the world market.

 

 

About The Authors

Chirs Ma - Main Analyst of this Article

Email: maciqiang@qyresearch.com

Mr. Ma has 9 years of industry research experience, focusing on mechanical equipment, medical beauty and health, semiconductor equipment and other fields. Some of his in-depth research topics include semiconductor etching equipment, hyaluronic acid-based skin fillers, industrial hoses, slip rings, EMS and ODM, and Active Vibration Isolation System, etc.

 

 

About QYResearch

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