gnetic Bearings Global Market expected to grow at a CAGR of 5.4% with rising demand in renewable power sector

A new research document with title 'Magnetic Bearings - Global Market Outlook (2017-2023)' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like United States, China, Europe, Japan, Southeast Asia, India and important players/vendors such as Schaeffler, Siemens AG, Simply Bearings, etc. The report will help user gain market insights, future trends and growth prospects for forecast to 2023.
According to Research, the Global Magnetic Bearings market is expected to grow at a CAGR of 5.4% during the forecast period. Increasing demand for energy efficient flexible solutions, rising demand for innovative products, and increasing in renewable power sector are some of the factors driving the market growth during the forecast period. However, heavy large size of the magnetic bearings and high cost bearings are hindering the market growth.
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By application, wind turbines hold the vast market share by growing demand in power generation. Europe region is projected to be the leading markets in terms of market size, during the forecast period. The growth is attributed to huge investments in renewable energy and demand for magnetic bearings fuelling the European market. Asia Pacific is expected to witness high growth rate during the forecast period.
Some of the key players in global magnetic bearings market include Advanced Motion Controls, Calnetix Technologies LLC, Comsol Inc., Dresser-Rand, Facility EAST GmbH, Foshan Genesis, KML Motion Industries Co. Ltd., MAN Diesel & Turbo, Mecos AG, NSK Europe, Schaeffler, Siemens AG, Simply Bearings Ltd., Synchrony, and Waukesha Bearings Corporation.
Bearing Types Covered:
• Passive Magnetic Bearing (PMB)
• Active Magnetic Bearing (AMB)
• Hybrid Magnetic Bearing (HMB)
Applications Covered:
• Motors
• Generators
• Compressors
• Turbines
• Semiconductor And Vacuum Equipment
• Pumps
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End Users Covered:
• Electrical
• Oil And Gas
• Healthcare
• Railway
Main Regions
North America: United States, Canada, Latin America, Mexico, Brazil, Argentina, Others
Europe: Germany, United Kingdom, France, Italy, Spain, Russia, Netherland, Others
Asia & Pacific: China, Japan, India, Korea, Australia, Southeast Asia, Indonesia, Thailand, Philippines, Vietnam, Singapore, Malaysia, Others
Africa & Middle East: South Africa, Egypt, Turkey, Saudi Arabia, Iran, Others
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What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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