Dec 5, 2017   SOURCE: BusinessWire

Magnetic Bearings Market is Expected to Grow at a CAGR of 5.4% - Global Market Outlook 2017-2023 - Research and Markets

The "Magnetic Bearings - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.

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.

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.

Scope of the Report

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

End Users Covered:

  • Electrical
  • Oil And Gas
  • Healthcare
  • Railway

Regions Covered:

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • Rest of Asia Pacific
  • South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What The 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

For more information about this report visit https://www.researchandmarkets.com/research/9n7z2k/magnetic_bearings