Market Overview

Market Research Future (MRFR) expects the magnet bearings market 2023 to register a decent CAGR of 4.14% over the forecast period, which is between 2023 - 2032.

Magnetic bearings applications are widespread across various industries like aerospace, bio-medical engineering, precision engineering, vacuum technology, turbo machines, semiconductor industry, structural isolation and maglev transportation. Magnetic bearings also find extensive use in pumps, compressors, turbines, motors and generators, to name a few.

Magnetic bearings manufacturers note the mounting demand for advanced and innovative products, which compels them to come up with the latest cost-effective technologies as well as energy-efficient solutions. This proves to be beneficial not only for the players but also for the market for magnet bearings. Additionally, the surging use of magnetic bearings in defense, aerospace and HVAC applications can create new growth avenues for the magnet bearings industry in the following years.

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Market Segmentation

Type, application, end-users and speed are the top segments specified in the report.

• Types of magnet bearings reported are passive magnet bearing, hybrid magnet bearing and active magnet bearing.
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• Applications covered in the report are motors, pumps, compressor, generators, turbine, and others.
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• The main end-users in the global market are power, petrochemicals, oil & gas, and others.
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• The regions of Europe, Middle East & Africa or MEA, the Americas and Asia Pacific or APAC.

Top Players

• Waukesha Bearings Corporation
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• Mecos AG
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• Foshan Genesis
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• SKF AB, Siemens AG
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• Celeroton AG
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• Calnetix Technologies
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• Synchrony

Magnet Bearings Industry Developments

February 2023:

SKF AB, a leading bearings manufacturer, made a significant commitment by investing SEK 700 Mn in establishing engineering and manufacturing capabilities at a new site in Monterrey, Mexico. This greenfield site is expected to bolster the company's capacity to develop and produce high-performance bearings. The strategic investment aims to create a strong regional foundation for SKF, enhancing its presence in the Mexican market and serving customers in the region more effectively.

June 2022:

SpinDrive Oy, a notable player in the magnetic bearing technology sector, unveiled its latest innovation at the Hannover Messe 2022 show. The new generation Magma X800 magnetic bearing controller is a cutting-edge solution designed specifically for systems with active magnetic bearings. The controller is targeted for demanding industrial applications and boasts impressive capabilities, handling power ranges from 35 kW to 3 MW, with rotating speeds ranging from 10,000 to 150,001 rpm and beyond. The Magma X800 represents a significant advancement in magnetic bearing technology, offering improved performance and control in industrial applications.

April 2022:

At the IFAT trade show in Munich, Goudsmit Magnetics, a Dutch magnetic equipment manufacturer, showcased its recently developed range of mobile overband (cross belt) magnets. These magnets are designed for efficient separation and removal of ferrous metals from various materials in recycling and waste management processes. Additionally, an important collaboration was established between REEtec of Norway and Schaeffler. Under this five-year contract, REEtec will supply rare earth oxides to Schaeffler, starting from 2024. The partnership aims to ensure a stable supply of essential materials for the production of magnetic bearings and other high-tech applications.

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