Press release
Global Magnetic Bearings Market Expected to Witness a Sustainable Growth over 2023
A magnetic bearing is a bearing that supports a load using magnetic levitation. Magnetic bearings support moving parts without physical contact. For instance, they are able to levitate a rotating shaft and permit relative motion with very low friction and no mechanical wear. Magnetic bearings support the highest speeds of all kinds of bearing and have no maximum relative speed.
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Global Magnetic Bearings Market: Forecast by Type / Application / Region
In Magnetic Bearings product demand market is a fast-growing market, but at present consumption areas are mainly concentrated in Europe and other developed countries.
As large demand of advanced products at home and abroad, many companies began to enter this field. Although sales of Magnetic Bearings brought a lot of opportunities, the study group recommends the new entrants just having money is not enough without technical advantage and downstream support do not enter Magnetic Bearings field.
Over the next five years, LPI(LP Information) projects that Magnetic Bearings will register a 6.7% CAGR in terms of revenue, reach US$ 4040 million by 2023, from US$ 2730 million in 2017.
Global Magnetic Bearings Market: Key Players
SKF
Schaeffler
Dresser-rand
MECOS
Waukesha Bearings
LTi
Calnetix
Levitronix
Zeitlos
Jiuyishun
Nanjing CIGU
FG-AMB
Tianjin Emaging
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Related Information:
United States Magnetic Bearings Market Research Report 2018
Europe Magnetic Bearings Market Research Report 2018
North America Magnetic Bearings Market Research Report 2018
Asia-Pacific Magnetic Bearings Market Research Report 2018
China Magnetic Bearings Market Research Report 2018
EMEA Magnetic Bearings Market Research Report 2018
Global Magnetic Bearings Market Research Report 2018
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