Global Active Magnetic Bearing
Market Report
2024
The Global Active Magnetic Bearing market is USD 275.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Active Magnetic Bearing market is USD 275.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Active Magnetic Bearing Market Sales Revenue 2023 | $ 275.2 Million |
Global Active Magnetic Bearing Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
North America Active Magnetic Bearing Market Sales Revenue 2023 | $ 110.08 Million |
North America Active Magnetic Bearing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
Europe Active Magnetic Bearing Market Sales Revenue 2023 | $ 82.56 Million |
Asia Pacific Active Magnetic Bearing Market Sales Revenue 2023 | $ 63.3 Million |
Asia Pacific Active Magnetic Bearing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
South America Active Magnetic Bearing Market Sales Revenue 2023 | $ 13.76 Million |
South America Active Magnetic Bearing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
Middle East and Africa Active Magnetic Bearing Market Sales Revenue 2023 | $ 5.5 Million |
Middle East and Africa Active Magnetic Bearing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
Market Split by Type |
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Market Split by Application |
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Market Split by Distribution Channel |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Active Magnetic Bearing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The production, marketing, and deployment of cutting-edge bearing systems that employ electromagnetic forces rather than physical contact to stabilize rotors are all included in the Active Magnetic Bearing (AMB) market. AMBs have several benefits, such as reduced friction, high-speed operation, and precise control. They are widely used in many industries, including energy, industry, and aerospace, where accurate positioning and vibration control are essential. The system lowers wear, maintenance, and energy usage by replacing conventional mechanical bearings. The market for active magnetic bearings is expanding significantly due to its capacity to improve performance, lower operating costs, and promote high-precision and high-speed applications. This is because industries are placing a higher priority on efficiency and dependability.
The growing need for high-performance machinery in industries including oil and gas, aerospace, and power production is driving the introduction of Active Magnetic Bearings (AMBs). Compared to conventional bearings, AMBs offer better control over vibrations and friction, which increases machine longevity, efficiency, and output overall. AMBs are very advantageous when accuracy and dependability are critical, including in rotating machinery and turbomachinery. The technology's capacity to lower wear, maintenance, and energy consumption enhances the performance of high-precision machinery. It complies with industry standards that demand the highest productivity and operational efficiency levels from its cutting-edge equipment.
Developments in sensors and control systems are essential to the growth of Active Magnetic Bearings (AMBs). More sophisticated sensors, improved microprocessors, and sophisticated control algorithms allow accurate control of the electromagnetic fields inside AMBs. As a result, stability and performance are enhanced under various operating situations. These technological advancements broaden the range of difficult situations in which active magnetic bearings can be used while improving their efficiency and dependability. The versatility of AMBs is advantageous to several industries, including aerospace, energy, and high-performance machinery. This highlights the importance of ongoing improvements in control systems and sensors to fulfill the changing needs for precise control and stability in demanding operational environments.
The concerns of end users regarding perceived dangers and system complexity impact the adoption of Active Magnetic Bearings (AMBs). The complex control mechanisms and reliance on energy could cause concerns regarding possible breakdowns. It becomes crucial for AMB providers to establish credibility and verify their dependability through successful case studies and tested performance in practical applications to overcome these obstacles. Worries are reduced by addressing these worries with open communication, comprehensive testing, and examples of successful deployments. AMBs are more widely accepted in sectors where accuracy, effectiveness, and dependability are vital.
The COVID-19 pandemic affected the Active Magnetic Bearing (AMB) industry because of lower industrial activity, disruptions in global supply chains, and uncertain economic conditions that hindered demand. The AMB market saw a brief decrease due to delays in project implementation and reductions in capital expenditure in sectors such as energy and aerospace. However, the market recovered as industrial activity and economic recovery picked up steam. The epidemic highlighted the value of dependable and effective technologies, such as AMBs, especially in applications that call on accuracy and little upkeep. The need for AMBs is anticipated to rebound and increase in the post-pandemic era as industries work to improve operating efficiency and minimize physical touch in machines.
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The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major Active Magnetic Bearing market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.
Top Companies Market Share in Active Magnetic Bearing Industry: (In no particular order of Rank)
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Global Active Magnetic Bearing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Active Magnetic Bearing Industry growth. Active Magnetic Bearing market has been segmented with the help of its Type, Application Distribution Channel, and others. Active Magnetic Bearing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Active Magnetic Bearings held the major market share over the forecast period. Their increased longevity and efficiency are due to their greater control over vibrations and friction, which is made possible by sophisticated control systems and sensors. AMBs are becoming increasingly important in industries like aerospace, power generation, and high-performance machinery because of their accuracy and dependability, helping the market grow.
Passive Magnetic Bearings are the fastest-growing category over the forecast period. PMBs are an inexpensive and straightforward substitute for active systems. Even without active control, PMBs offer stability and frictionless functioning. In some applications, PMBs support the general growth of the AMB market by meeting particular industry needs.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Active Magnetic Bearing Industry. Request a Free Sample PDF!
According to Cognitive Market Research, Turbo Machines hold a prominent market share. AMBs provide superior vibration control and frictionless operation, which improves performance and efficiency in industries like oil and gas, power generation, and aerospace. The incorporation of AMBs drives growth in this market segment, as turbo machines prioritize precision and dependability over other factors.
Motors is the fastest-growing category over the forecast period. These cutting-edge bearings lower friction and increase motor efficiency by precisely controlling electromagnetic forces. The increased efficiency and dependability of motors fitted with AMB's help sectors, including manufacturing, robotics, and electric cars, support the market's growth.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Active Magnetic Bearing market report 2024 Edition by contacting our team.
According to Cognitive Market Research, Direct holds a prominent market share. AMBs are utilized by direct-drive applications to accomplish exact control and frictionless rotation, improving operational efficiency across various industries. Incorporating AMBs into direct-drive systems, ranging from high-speed turbines to direct-drive motors, helps the market grow, especially in industries where efficiency and dependability are valued highly.
Indirect is the fastest-growing category over the forecast period. These systems use AMBs to improve control and stability across a range of applications, enhancing productivity and lowering wear. Growth in this market sector is fueled by the increasing use of AMBs in indirect-drive configurations, which benefits industries including manufacturing and power generation.
According to Cognitive Market Research, biomedical engineering holds a prominent market share. The development of AMBs is enhanced by integrating precise control mechanisms and new technologies, which are made possible by knowledge in biomedical engineering. This interdisciplinary approach demonstrates their versatility by ensuring that AMBs are applied in medical devices, including high-speed medical imaging equipment. It increases their presence in the field of biomedical engineering.
The semiconductor is the fastest-growing category over the forecast period. AMBs have advantages in lowering friction and guaranteeing stability in high-speed rotation procedures necessary for producing semiconductors. The integration of AMBs is becoming increasingly important as the semiconductor industry's technical advancements continue, which is helping to drive market expansion in this high-tech sector.
North America led the market in 2023 and generated around 40% of worldwide revenue, according to Cognitive Market Research; the market is growing due to the use of AMBs in industries such as high-performance machinery, power generation, and aerospace. The need for AMBs is further fueled by strict quality requirements and the necessity for cutting-edge technologies, establishing North America as a major growth location.
Europe is the fastest-growing category, as Market growth is fueled by the use of AMBs in industries like manufacturing, aerospace, and power generation. Europe is positioned as a major growth engine for the market due to its dedication to sustainable solutions and technological innovation, which in turn adds to the growing demand for AMBs.
The current report Scope analyzes Active Magnetic Bearing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 110.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The Active Magnetic Bearing (AMB) market in North America is expanding significantly due to the industry's emphasis on efficiency and precision control in machinery used in manufacturing, power generation, and aerospace, among other industries. The region's dedication to sustainable solutions and technical breakthroughs is demonstrated by the use of AMBs in various industries. The aerospace industry is one significant segment driving the market's growth, as AMBs are essential to improving the dependability and performance of high-speed rotating gear. North America emerges as a significant development region for the Active Magnetic Bearing market, satisfying the demands of industries prioritizing efficient and innovative solutions. This is due to the region's focus on cutting-edge technology and strict quality requirements.
According to Cognitive Market Research, with a market value of USD 275.2 million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 82.56 million. The market for active magnetic bearings (AMBs) is expanding significantly in Europe as a result of a shared emphasis on technical innovation and precision control across a variety of industries. The use of AMBs in manufacturing, aircraft, and electricity production is indicative of Europe's dedication to increasing sustainability and efficiency. The aerospace sector is one significant area driving market growth, as AMBs improve the efficiency of fast-rotating machinery. Europe is emerging as a major growth engine for the Active Magnetic Bearing market, fulfilling the changing needs of industries aiming for precision and reliability in their gear. Europe places a significant focus on quality standards and the integration of cutting-edge technology.
According to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 63.30 million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. The Active Magnetic Bearing (AMB) market in Asia Pacific is expanding at a significant rate, driven by the growing demand for precision control and technological developments across various sectors. The region's dedication to improving operating efficiency and sustainability is shown in the use of AMBs in manufacturing, power generation, and aerospace. The constantly expanding manufacturing industry is a prominent area driving market expansion. AMBs are essential in enhancing machinery performance in this sector. Asia Pacific is emerging as a major growth region for the Active Magnetic Bearing market, meeting the changing demands of industries looking for cutting-edge solutions for precise control and dependability in machinery with an emphasis on integrating cutting-edge technology.
According to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 13.76 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The Active Magnetic Bearing (AMB) market is expanding in Latin America as a result of businesses placing a greater emphasis on innovative equipment technologies and precision control. AMB use across industries like manufacturing and electricity generation is indicative of the region's dedication to increasing dependability and efficiency. The manufacturing sector has experienced notable expansion, with AMBs playing a significant role in enhancing machinery performance. Due to a need for creative solutions, Latin America is becoming a major player in the Active Magnetic Bearing industry. Latin America's adoption of AMBs places the region as a major contributor to the growing market for accurate and efficient equipment solutions, particularly as the region continues to embrace sustainable practices and sophisticated technologies.
According to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 5.50 million in 2023 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The market for Active Magnetic Bearings (AMBs) is expanding in the Middle East and Africa (MEA) as businesses concentrate on improving machinery technology and precision control. The region's dedication to increasing operational efficiency and sustainability is demonstrated by the deployment of AMBs in industries like manufacturing and electricity generation. One prominent industry sector driving market growth is power generation, where AMBs improve rotating machinery performance. MEA is becoming more and more important in the Active Magnetic Bearing market as a result of its push to adopt cutting-edge technologies. It serves industries looking for creative ways to achieve precise control and dependability in their machinery applications.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Active Magnetic Bearings, Passive Magnetic Bearings |
Application | Turbo Machines, Motors, Generators |
Distribution Channel | Direct, Indirect |
End-User | Biomedical Engineering, Semiconductor, Aerospace, Oil & Gas, Power Generation, Others |
List of Competitors | AB SKF , Calnetix Technologies LLC , Foshan Genesis Amb Tech Co Ltd. , Kazancompressormash (HMS Group) , KEBA AG , Larsen & Toubro Infotech Limited , Levitronix GmbH , MARUWA CO LTD. , Nanjing Cigu Limited Corporation , Schaeffler Technologies AG & Co. KG , Siemens AG , Waukesha Bearings Corporation |
This chapter will help you gain GLOBAL Market Analysis of Active Magnetic Bearing. Further deep in this chapter, you will be able to review Global Active Magnetic Bearing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Active Magnetic Bearing Market Trends North America Active Magnetic Bearing Technological Road Map North America Active Magnetic Bearing Market Drivers North America Active Magnetic Bearing Market Restraints North America Active Magnetic Bearing Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Distribution Channel Analysis 2019 -2031
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Chapter 13 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Active Magnetic Bearing market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Active Magnetic Bearings have a significant impact on Active Magnetic Bearing market? |
What are the key factors affecting the Active Magnetic Bearings and Passive Magnetic Bearings of Active Magnetic Bearing Market? |
What is the CAGR/Growth Rate of Turbo Machines during the forecast period? |
By type, which segment accounted for largest share of the global Active Magnetic Bearing Market? |
Which region is expected to dominate the global Active Magnetic Bearing Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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