Global Magnetic Bearing Market Growth and Future Prospects 2021

The magnetic bearing market is anticipated to trend uphill majorly due to it attributes and the huge demand for energy efficient devices. Magnetic bearings are far more advanced than the traditional bearing providing zero friction, low heat generation, almost no wear and tear, and higher speed which was not feasible through its older counterparts.

Magnetic bearing are used in various industrial equipment such as pumps, motors, compressors etc. A latest report by DecisionDatabases.com titled “Global Magnetic Bearing Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast 2014-2021” gives a comprehensive study of the latest trends and developments in the magnetic bearing industry. The report studies the complete market, size, share, restraints and opportunity providing an intellectual view of the magnetic bearing markets

This market has experienced growth owing to the high technological innovations made in this industry since its initiation. This no-contact electromagnetic force technology has fuelled the growth of this sector.  Also as these devices are more sustainable and energy efficient, these are increasingly being adopted by various energy conscious industries. However, its relatively high cost, large size and heavy weight might adversely affect the growth path of this industry.

The application market for magnetic bearing is dominated by oil and gas industry. It is being used in compressors, electric motors, turbines and many other such machines. Other application areas are devices which need high precision, vacuum atmosphere and less maintenance. Usage of plain bearings, air bearings have limited applications when compared to magnetic bearings. The absence of contact eliminates the need for lubrication and thus leads to hassle free high speed bearings workable in the hostile environment. The design engineers are bringing new products based on this system. Jonson Controls - YORK YMC2 magnetic bearing centrifugal chillers, Magnitude® from Daikin Applied are some such products which have used the magnetic bearing system. Magnetic bearing can also be used in artificial hearts, where it suspends and assists the centrifugal pump to maintain the blood flow.

North American and European regions are the major markets for magnetic bearing industry. Asia Pacific region is anticipated to grow at a fast pace. The key players in this market are Calnetix, Foshan Genesis, Jiuyishun, Mecos AG, SKF, Wauk Bearing, Tianjin Emaging. SKF recently exhibited its range of active magnetic bearing solutions for turboexpander compressors used in LNG projects.

The report details the latest industrial developments and studies the competitor’s landscape with complete company profiles. Porter’s Five Force Model is used to understand the granular view of the magnetic bearing industry.

View the full Table of Contents of the "Global Magnetic Bearing Market Research Report" @
http://www.decisiondatabases.com/ip/664-magnetic-bearing-market-report
 
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