Global Active Magnetic Bearing Market Research Report 2021

An active magnetic bearing works on the principle of electromagnetic suspension based on the induction of eddy currents in a rotating conductor. When an electrically conducting material is moving in a magnetic field, a current will be generated in the material that counters the change in the magnetic field (known as Lenz's Law). This generates a current that will result in a magnetic field that is oriented opposite to the one from the magnet. The electrically conducting material is thus acting as a magnetic mirror.
North America and Europe dominate approximately 90 percent of the market share by region in production. Analog control dominates more than 80 percent of the market share by product type in production, but it is decreasing every single year in a extremely small range. A Sweden company, SKF, controls over 20 percent of the market share of production, followed by Waukesha Bearing and Schaeffer.

Market Analysis and Insights: Global Active Magnetic Bearing Market
The global Active Magnetic Bearing market was valued at US$ 253 million in 2020 and it is expected to reach US$ 373.6 million by the end of 2027, growing at a CAGR of 5.8% during 2021-2027.

Global Active Magnetic Bearing Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Active Magnetic Bearing Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Analog Control
Digital Control

Segment by Application
Motors
Blowers
Compressors
Pumps
Generators
Turbines
Others

By Company
SKF
Waukesha Bearings
Schaeffler
Siemens
KEBA Industrial Automation
Zeitlos
Kazancompressormash
MECOS
Synchrony
Calnetix
FG-AMB
Nanjing CIGU
Maruwa Electronic

Production by Region
Europe
North America
China
Japan

Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE