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.
North America Active Magnetic Bearing 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.
Europe Active Magnetic Bearing accounted for a share of over 30% of the global market size of USD 82.56 million in 2023.
Asia Pacific Active Magnetic Bearing 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.
South America Active Magnetic Bearing 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.
Middle East and Africa Active Magnetic Bearing 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 increasing focus on sustainability and cruelty-free practices in the Active Magnetic Bearing market reflects growing consumer demand for eco-friendly and ethically produced cosmetics.
The market for Active Magnetic Bearing continues to be more in demand from active magnetic bearings.
In 2023, the category with the largest revenue share in the Active Magnetic Bearing market was internet sales.
