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Published January 1, 2023 Number of Pages:250+ Report Format: PDF | PPT | Excel | Word | Bi

Eddy current sensors measure electrically conductive targets, both ferrous and non-ferrous. Dust, dirt and oil and liquids do not affect the sensor measurement. This fact, combined with the sensor’s robust, temperature-compensated mechanical design, enable measurements in harsh, industrial environments.

Published January 1, 2023 Number of Pages:250+ Report Format: PDF | PPT | Excel | Word | Bi

According to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 13.76 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The Active Magnetic Bearing (AMB) market is expanding in Latin America as a result of businesses placing a greater emphasis on innovative equipment technologies and precision control. AMB use across industries like manufacturing and electricity generation is indicative of the region's dedication to increasing dependability and efficiency. The manufacturing sector has experienced notable expansion, with AMBs playing a significant role in enhancing machinery performance. Due to a need for creative solutions, Latin America is becoming a major player in the Active Magnetic Bearing industry. Latin America's adoption of AMBs places the region as a major contributor to the growing market for accurate and efficient equipment solutions, particularly as the region continues to embrace sustainable practices and sophisticated technologies. According to Cognitive Market Research, the Brazil Active Magnetic Bearing market size was valued at USD 5.89 million in 2023 and is projected to grow at a CAGR of 6.5% during the forecast period. This is majorly due to the This is due to the precision control in sectors in energy. The Argentina Active Magnetic Bearing market had a market share of USD 2.31 million in 2023 and is projected to grow at a CAGR of 6.8% during the forecast period. This is due to the increased demand for the manufacturing industry. The Colombia Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 1.22 million in 2023. The Peru Active Magnetic Bearing market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 1.13 million in 2023. The Chile Active Magnetic Bearing market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 0.99 million in 2023. The Rest of Latin America Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 2.22 million in 2023.

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Author's Say's Between 2023 and 2030, the market for Active Magnetic Bearing will grow at a 6.50% CAGR, which is a substantial growth rate. The increasing focus on sustainability and cruelty-free practices in the Active Magnetic Bearing market reflects growing consumer demand for eco-friendly and ethically produced cosmetics. Up to 2030, the market for Active Magnetic Bearing in Europe will develop at the fastest rate, while North America will continue to lead in this area.

Active Magnetic Bearing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!

Working in high pressures, extreme temperature, immersed in liquids or high shock and vibration, eddy current sensors are proven to remain reliable and stable in some of the most demanding environments.

The Global Active Magnetic Bearing market is USD 275.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.

According to Cognitive Market Research, The Global Active Magnetic Bearing market is USD 275.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.

The COVID-19 pandemic affected the Active Magnetic Bearing (AMB) industry because of lower industrial activity, disruptions in global supply chains, and uncertain economic conditions that hindered demand. The AMB market saw a brief decrease due to delays in project implementation and reductions in capital expenditure in sectors such as energy and aerospace. However, the market recovered as industrial activity and economic recovery picked up steam. The epidemic highlighted the value of dependable and effective technologies, such as AMBs, especially in applications that call on accuracy and little upkeep. The need for AMBs is anticipated to rebound and increase in the post-pandemic era as industries work to improve operating efficiency and minimize physical touch in machines.

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According to Cognitive Market Research, Active Magnetic Bearings held the major market share over the forecast period. Their increased longevity and efficiency are due to their greater control over vibrations and friction, which is made possible by sophisticated control systems and sensors. AMBs are becoming increasingly important in industries like aerospace, power generation, and high-performance machinery because of their accuracy and dependability, helping the market grow.

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According to Cognitive Market Research, Turbo Machines hold a prominent market share. AMBs provide superior vibration control and frictionless operation, which improves performance and efficiency in industries like oil and gas, power generation, and aerospace. The incorporation of AMBs drives growth in this market segment, as turbo machines prioritize precision and dependability over other factors.

According to Cognitive Market Research, with a market value of USD 275.2 million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 82.56 million. The market for active magnetic bearings (AMBs) is expanding significantly in Europe as a result of a shared emphasis on technical innovation and precision control across a variety of industries. The use of AMBs in manufacturing, aircraft, and electricity production is indicative of Europe's dedication to increasing sustainability and efficiency. The aerospace sector is one significant area driving market growth, as AMBs improve the efficiency of fast-rotating machinery. Europe is emerging as a major growth engine for the Active Magnetic Bearing market, fulfilling the changing needs of industries aiming for precision and reliability in their gear. Europe places a significant focus on quality standards and the integration of cutting-edge technology. According to Cognitive Market Research, the Germany Active Magnetic Bearing market size was valued at USD 16.35 million in 2023 and is projected to grow at a CAGR of 5.2% during the forecast period. This is majorly due to the quick industrialization. The United Kingdom's Active Magnetic Bearing market had a market share of USD 13.87 million in 2023 and is projected to grow at a CAGR of 5.8% during the forecast period. This is due to the increased technical advancement. The France Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 7.60 million in 2023. The Italy Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 7.10 million in 2023. The Russia Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 12.80 million in 2023. The Spain Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 6.77 million in 2023. The Portugal Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 1.73 million in 2023. The Luxembourg Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 2.56 million in 2023. The Greece Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 0.99 million in 2023. The Rest of Europe Active Magnetic Bearing market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 12.80 million in 2023.

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The concerns of end users regarding perceived dangers and system complexity impact the adoption of Active Magnetic Bearings (AMBs). The complex control mechanisms and reliance on energy could cause concerns regarding possible breakdowns. It becomes crucial for AMB providers to establish credibility and verify their dependability through successful case studies and tested performance in practical applications to overcome these obstacles. Worries are reduced by addressing these worries with open communication, comprehensive testing, and examples of successful deployments. AMBs are more widely accepted in sectors where accuracy, effectiveness, and dependability are vital.

This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Active Magnetic Bearing market

According to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 63.30 million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. The Active Magnetic Bearing (AMB) market in Asia Pacific is expanding at a significant rate, driven by the growing demand for precision control and technological developments across various sectors. The region's dedication to improving operating efficiency and sustainability is shown in the use of AMBs in manufacturing, power generation, and aerospace. The constantly expanding manufacturing industry is a prominent area driving market expansion. AMBs are essential in enhancing machinery performance in this sector. Asia Pacific is emerging as a major growth region for the Active Magnetic Bearing market, meeting the changing demands of industries looking for cutting-edge solutions for precise control and dependability in machinery with an emphasis on integrating cutting-edge technology. According to Cognitive Market Research, the China Active Magnetic Bearing market size was valued at USD 28.48 million in 2023 and is projected to grow at a CAGR of 8.0% during the forecast period. This is majorly due to the the need for sustainability and energy efficiency in machinery. The India Active Magnetic Bearing market had a market share of USD 7.60 million in 2023 and is projected to grow at a CAGR of 10.3% during the forecast period. This is due to the increased demand for strict quality standards. The Japan Active Magnetic Bearing market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 8.73 million in 2023. The South Korea Active Magnetic Bearing market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 6.33 million in 2023. The Australia Active Magnetic Bearing market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 3.29 million in 2023. The South East Asia Active Magnetic Bearing market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD 4.37 million in 2023. The Rest of Asia Pacific Active Magnetic Bearing market is projected to witness growth at a CAGR of 8.3% during the forecast period with a market size of USD 4.49 million in 2023.

The growing need for high-performance machinery in industries including oil and gas, aerospace, and power production is driving the introduction of Active Magnetic Bearings (AMBs). Compared to conventional bearings, AMBs offer better control over vibrations and friction, which increases machine longevity, efficiency, and output overall. AMBs are very advantageous when accuracy and dependability are critical, including in rotating machinery and turbomachinery. The technology's capacity to lower wear, maintenance, and energy consumption enhances the performance of high-precision machinery. It complies with industry standards that demand the highest productivity and operational efficiency levels from its cutting-edge equipment.

Passive Magnetic Bearings are the fastest-growing category over the forecast period. PMBs are an inexpensive and straightforward substitute for active systems. Even without active control, PMBs offer stability and frictionless functioning. In some applications, PMBs support the general growth of the AMB market by meeting particular industry needs.

Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Active Magnetic Bearings with Application, Distribution Channel, additional country analysis, volume/consumption data, etc.

Motors is the fastest-growing category over the forecast period. These cutting-edge bearings lower friction and increase motor efficiency by precisely controlling electromagnetic forces. The increased efficiency and dependability of motors fitted with AMB's help sectors, including manufacturing, robotics, and electric cars, support the market's growth.

Published January 1, 2023 Number of Pages:250+ Report Format: PDF | PPT | Excel | Word | Bi

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According to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 110.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The Active Magnetic Bearing (AMB) market in North America is expanding significantly due to the industry's emphasis on efficiency and precision control in machinery used in manufacturing, power generation, and aerospace, among other industries. The region's dedication to sustainable solutions and technical breakthroughs is demonstrated by the use of AMBs in various industries. The aerospace industry is one significant segment driving the market's growth, as AMBs are essential to improving the dependability and performance of high-speed rotating gear. North America emerges as a significant development region for the Active Magnetic Bearing market, satisfying the demands of industries prioritizing efficient and innovative solutions. This is due to the region's focus on cutting-edge technology and strict quality requirements. According to Cognitive Market Research, the US had a major share in the Active Magnetic Bearing market with a market size of USD 86.85 million in 2023 and is projected to grow at a CAGR of 4.5% during the forecast period. This is majorly due to the sustainable solutions. The Canada Active Magnetic Bearing market had a market share of USD 13.21 million in 2023 and is projected to grow at a CAGR of 5.5% during the forecast period. This is due to the increased demand for renowned engineering. The Mexico Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 10.02 million in 2023.

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The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major Active Magnetic Bearing market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.

The current report Scope analyzes Active Magnetic Bearing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com North America (United States, Canada, Mexico) Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium) Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC) South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America) Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

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North America led the market in 2023 and generated around 40% of worldwide revenue, according to Cognitive Market Research; the market is growing due to the use of AMBs in industries such as high-performance machinery, power generation, and aerospace. The need for AMBs is further fueled by strict quality requirements and the necessity for cutting-edge technologies, establishing North America as a major growth location.

According to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 5.50 million in 2023 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The market for Active Magnetic Bearings (AMBs) is expanding in the Middle East and Africa (MEA) as businesses concentrate on improving machinery technology and precision control. The region's dedication to increasing operational efficiency and sustainability is demonstrated by the deployment of AMBs in industries like manufacturing and electricity generation. One prominent industry sector driving market growth is power generation, where AMBs improve rotating machinery performance. MEA is becoming more and more important in the Active Magnetic Bearing market as a result of its push to adopt cutting-edge technologies. It serves industries looking for creative ways to achieve precise control and dependability in their machinery applications. According to Cognitive Market Research, the GCC Countries Active Magnetic Bearing market size was valued at USD 2.36 million in 2023 and is projected to grow at a CAGR of 7.0% during the forecast period. This is majorly due to the robust need for innovative technologies. The South Africa Active Magnetic Bearing market had a market share of USD 0.87 million in 2023 and is projected to grow at a CAGR of 7.2% during the forecast period. This is due to the precision control in sectors in manufacturing. The Egypt Active Magnetic Bearing market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 0.58 million in 2023. The Turkey Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 0.47 million in 2023. The Nigeria Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD 0.58 million in 2023. The Rest of MEA Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 0.65 million in 2023.

Published January 1, 2023 Number of Pages:250+ Report Format: PDF | PPT | Excel | Word | Bi

This chapter will help you gain GLOBAL Market Analysis of Active Magnetic Bearing. Further deep in this chapter, you will be able to review Global Active Magnetic Bearing Market Split by various segments and Geographical Split.

Published January 1, 2023 Number of Pages:250+ Report Format: PDF | PPT | Excel | Word | Bi

According to Cognitive Market Research, Direct holds a prominent market share. AMBs are utilized by direct-drive applications to accomplish exact control and frictionless rotation, improving operational efficiency across various industries. Incorporating AMBs into direct-drive systems, ranging from high-speed turbines to direct-drive motors, helps the market grow, especially in industries where efficiency and dependability are valued highly. Indirect is the fastest-growing category over the forecast period. These systems use AMBs to improve control and stability across a range of applications, enhancing productivity and lowering wear. Growth in this market sector is fueled by the increasing use of AMBs in indirect-drive configurations, which benefits industries including manufacturing and power generation.

Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

According to Cognitive Market Research, biomedical engineering holds a prominent market share. The development of AMBs is enhanced by integrating precise control mechanisms and new technologies, which are made possible by knowledge in biomedical engineering. This interdisciplinary approach demonstrates their versatility by ensuring that AMBs are applied in medical devices, including high-speed medical imaging equipment. It increases their presence in the field of biomedical engineering. The semiconductor is the fastest-growing category over the forecast period. AMBs have advantages in lowering friction and guaranteeing stability in high-speed rotation procedures necessary for producing semiconductors. The integration of AMBs is becoming increasingly important as the semiconductor industry's technical advancements continue, which is helping to drive market expansion in this high-tech sector.

Published January 1, 2023 Number of Pages:250+ Report Format: PDF | PPT | Excel | Word | Bi

Fluctuating temperatures can impact measurement results and cause measurement errors. This is why every eddy current measurement system from Micro-Epsilon features active temperature compensation that reconciles any thermal influences.

Global Active Magnetic Bearing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Active Magnetic Bearing Industry growth. Active Magnetic Bearing market has been segmented with the help of its Type, Application Distribution Channel, and others. Active Magnetic Bearing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Published January 1, 2023 Number of Pages:250+ Report Format: PDF | PPT | Excel | Word | Bi

Developments in sensors and control systems are essential to the growth of Active Magnetic Bearings (AMBs). More sophisticated sensors, improved microprocessors, and sophisticated control algorithms allow accurate control of the electromagnetic fields inside AMBs. As a result, stability and performance are enhanced under various operating situations. These technological advancements broaden the range of difficult situations in which active magnetic bearings can be used while improving their efficiency and dependability. The versatility of AMBs is advantageous to several industries, including aerospace, energy, and high-performance machinery. This highlights the importance of ongoing improvements in control systems and sensors to fulfill the changing needs for precise control and stability in demanding operational environments.

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Requirements can occur where the standard versions of the sensors and the controller are performing at their limits or cannot be packaged into the application. In these instances, the eddy current systems can quite often be adapted according to customer specific requirements. Typical change requests include, modified sensor geometry or mounting methods, special target calibration (shape or material), modified cable lengths, specific measurement ranges, or sensors with integrated electronics.

Indirect is the fastest-growing category over the forecast period. These systems use AMBs to improve control and stability across a range of applications, enhancing productivity and lowering wear. Growth in this market sector is fueled by the increasing use of AMBs in indirect-drive configurations, which benefits industries including manufacturing and power generation.

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Top Companies Market Share in Active Magnetic Bearing Industry: (In no particular order of Rank) AB SKF Calnetix Technologies LLC Foshan Genesis Amb Tech Co Ltd. Kazancompressormash (HMS Group) KEBA AG Larsen & Toubro Infotech Limited Levitronix GmbH MARUWA CO LTD. Nanjing Cigu Limited Corporation Schaeffler Technologies AG & Co. KG Siemens AG Waukesha Bearings CorporationConfidential DataAccess The Paid VersionData Hidden*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation! If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables. In terms of revenue, the North American Active Magnetic Bearing Market share was 40% of the total market North America led the market in 2023 and generated around 40% of worldwide revenue, according to Cognitive Market Research; the market is growing due to the use of AMBs in industries such as high-performance machinery, power generation, and aerospace. The need for AMBs is further fueled by strict quality requirements and the necessity for cutting-edge technologies, establishing North America as a major growth location. Europe is the fastest-growing category, as Market growth is fueled by the use of AMBs in industries like manufacturing, aerospace, and power generation. Europe is positioned as a major growth engine for the market due to its dedication to sustainable solutions and technological innovation, which in turn adds to the growing demand for AMBs. The current report Scope analyzes Active Magnetic Bearing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com North America (United States, Canada, Mexico) Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium) Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC) South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America) Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA) Active Magnetic Bearing Market Share (%) by Region (2019-2031) The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Get Free Sample North America Active Magnetic Bearing MarketAccording to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 110.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The Active Magnetic Bearing (AMB) market in North America is expanding significantly due to the industry's emphasis on efficiency and precision control in machinery used in manufacturing, power generation, and aerospace, among other industries. The region's dedication to sustainable solutions and technical breakthroughs is demonstrated by the use of AMBs in various industries. The aerospace industry is one significant segment driving the market's growth, as AMBs are essential to improving the dependability and performance of high-speed rotating gear. North America emerges as a significant development region for the Active Magnetic Bearing market, satisfying the demands of industries prioritizing efficient and innovative solutions. This is due to the region's focus on cutting-edge technology and strict quality requirements. According to Cognitive Market Research, the US had a major share in the Active Magnetic Bearing market with a market size of USD 86.85 million in 2023 and is projected to grow at a CAGR of 4.5% during the forecast period. This is majorly due to the sustainable solutions. The Canada Active Magnetic Bearing market had a market share of USD 13.21 million in 2023 and is projected to grow at a CAGR of 5.5% during the forecast period. This is due to the increased demand for renowned engineering. The Mexico Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 10.02 million in 2023. Europe Active Magnetic Bearing MarketAccording to Cognitive Market Research, with a market value of USD 275.2 million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 82.56 million. The market for active magnetic bearings (AMBs) is expanding significantly in Europe as a result of a shared emphasis on technical innovation and precision control across a variety of industries. The use of AMBs in manufacturing, aircraft, and electricity production is indicative of Europe's dedication to increasing sustainability and efficiency. The aerospace sector is one significant area driving market growth, as AMBs improve the efficiency of fast-rotating machinery. Europe is emerging as a major growth engine for the Active Magnetic Bearing market, fulfilling the changing needs of industries aiming for precision and reliability in their gear. Europe places a significant focus on quality standards and the integration of cutting-edge technology. According to Cognitive Market Research, the Germany Active Magnetic Bearing market size was valued at USD 16.35 million in 2023 and is projected to grow at a CAGR of 5.2% during the forecast period. This is majorly due to the quick industrialization. The United Kingdom's Active Magnetic Bearing market had a market share of USD 13.87 million in 2023 and is projected to grow at a CAGR of 5.8% during the forecast period. This is due to the increased technical advancement. The France Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 7.60 million in 2023. The Italy Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 7.10 million in 2023. The Russia Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 12.80 million in 2023. The Spain Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 6.77 million in 2023. The Portugal Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 1.73 million in 2023. The Luxembourg Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 2.56 million in 2023. The Greece Active Magnetic Bearing market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 0.99 million in 2023. The Rest of Europe Active Magnetic Bearing market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 12.80 million in 2023. Asia Pacific Active Magnetic Bearing MarketAccording to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 63.30 million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. The Active Magnetic Bearing (AMB) market in Asia Pacific is expanding at a significant rate, driven by the growing demand for precision control and technological developments across various sectors. The region's dedication to improving operating efficiency and sustainability is shown in the use of AMBs in manufacturing, power generation, and aerospace. The constantly expanding manufacturing industry is a prominent area driving market expansion. AMBs are essential in enhancing machinery performance in this sector. Asia Pacific is emerging as a major growth region for the Active Magnetic Bearing market, meeting the changing demands of industries looking for cutting-edge solutions for precise control and dependability in machinery with an emphasis on integrating cutting-edge technology. According to Cognitive Market Research, the China Active Magnetic Bearing market size was valued at USD 28.48 million in 2023 and is projected to grow at a CAGR of 8.0% during the forecast period. This is majorly due to the the need for sustainability and energy efficiency in machinery. The India Active Magnetic Bearing market had a market share of USD 7.60 million in 2023 and is projected to grow at a CAGR of 10.3% during the forecast period. This is due to the increased demand for strict quality standards. The Japan Active Magnetic Bearing market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 8.73 million in 2023. The South Korea Active Magnetic Bearing market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 6.33 million in 2023. The Australia Active Magnetic Bearing market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 3.29 million in 2023. The South East Asia Active Magnetic Bearing market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD 4.37 million in 2023. The Rest of Asia Pacific Active Magnetic Bearing market is projected to witness growth at a CAGR of 8.3% during the forecast period with a market size of USD 4.49 million in 2023. South America Active Magnetic Bearing MarketAccording to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 13.76 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The Active Magnetic Bearing (AMB) market is expanding in Latin America as a result of businesses placing a greater emphasis on innovative equipment technologies and precision control. AMB use across industries like manufacturing and electricity generation is indicative of the region's dedication to increasing dependability and efficiency. The manufacturing sector has experienced notable expansion, with AMBs playing a significant role in enhancing machinery performance. Due to a need for creative solutions, Latin America is becoming a major player in the Active Magnetic Bearing industry. Latin America's adoption of AMBs places the region as a major contributor to the growing market for accurate and efficient equipment solutions, particularly as the region continues to embrace sustainable practices and sophisticated technologies. According to Cognitive Market Research, the Brazil Active Magnetic Bearing market size was valued at USD 5.89 million in 2023 and is projected to grow at a CAGR of 6.5% during the forecast period. This is majorly due to the This is due to the precision control in sectors in energy. The Argentina Active Magnetic Bearing market had a market share of USD 2.31 million in 2023 and is projected to grow at a CAGR of 6.8% during the forecast period. This is due to the increased demand for the manufacturing industry. The Colombia Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 1.22 million in 2023. The Peru Active Magnetic Bearing market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 1.13 million in 2023. The Chile Active Magnetic Bearing market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 0.99 million in 2023. The Rest of Latin America Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 2.22 million in 2023. Middle East and Africa Active Magnetic Bearing MarketAccording to Cognitive Market Research, the global Active Magnetic Bearing market size was estimated at USD 275.2 Million out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 5.50 million in 2023 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The market for Active Magnetic Bearings (AMBs) is expanding in the Middle East and Africa (MEA) as businesses concentrate on improving machinery technology and precision control. The region's dedication to increasing operational efficiency and sustainability is demonstrated by the deployment of AMBs in industries like manufacturing and electricity generation. One prominent industry sector driving market growth is power generation, where AMBs improve rotating machinery performance. MEA is becoming more and more important in the Active Magnetic Bearing market as a result of its push to adopt cutting-edge technologies. It serves industries looking for creative ways to achieve precise control and dependability in their machinery applications. According to Cognitive Market Research, the GCC Countries Active Magnetic Bearing market size was valued at USD 2.36 million in 2023 and is projected to grow at a CAGR of 7.0% during the forecast period. This is majorly due to the robust need for innovative technologies. The South Africa Active Magnetic Bearing market had a market share of USD 0.87 million in 2023 and is projected to grow at a CAGR of 7.2% during the forecast period. This is due to the precision control in sectors in manufacturing. The Egypt Active Magnetic Bearing market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 0.58 million in 2023. The Turkey Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 0.47 million in 2023. The Nigeria Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD 0.58 million in 2023. The Rest of MEA Active Magnetic Bearing market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 0.65 million in 2023. Active Magnetic Bearing Market Analysis Global Active Magnetic Bearing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Active Magnetic Bearing Industry growth. Active Magnetic Bearing market has been segmented with the help of its Type, Application Distribution Channel, and others. Active Magnetic Bearing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment. Active Magnetic Bearing Type Segment Analysis According to Cognitive Market Research, Active Magnetic Bearings held the major market share over the forecast period. Their increased longevity and efficiency are due to their greater control over vibrations and friction, which is made possible by sophisticated control systems and sensors. AMBs are becoming increasingly important in industries like aerospace, power generation, and high-performance machinery because of their accuracy and dependability, helping the market grow. Passive Magnetic Bearings are the fastest-growing category over the forecast period. PMBs are an inexpensive and straightforward substitute for active systems. Even without active control, PMBs offer stability and frictionless functioning. In some applications, PMBs support the general growth of the AMB market by meeting particular industry needs. Active Magnetic Bearings Passive Magnetic Bearings Active Magnetic Bearing Market Share (%) by Type in 2019-2031 The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Active Magnetic Bearing Industry. Request a Free Sample PDF! Active Magnetic Bearing Application Segment Analysis According to Cognitive Market Research, Turbo Machines hold a prominent market share. AMBs provide superior vibration control and frictionless operation, which improves performance and efficiency in industries like oil and gas, power generation, and aerospace. The incorporation of AMBs drives growth in this market segment, as turbo machines prioritize precision and dependability over other factors. Motors is the fastest-growing category over the forecast period. These cutting-edge bearings lower friction and increase motor efficiency by precisely controlling electromagnetic forces. The increased efficiency and dependability of motors fitted with AMB's help sectors, including manufacturing, robotics, and electric cars, support the market's growth. Turbo Machines Motors Generators Active Magnetic Bearing Market Share (%) by Application in 2019-2031 2019 2023 2031 The above Graph is for representation purposes only. This chart does not depict actual Market share. To learn more about market share request the free sample pages. Get Free Sample Active Magnetic Bearing Distribution Channel Segment Analysis According to Cognitive Market Research, Direct holds a prominent market share. AMBs are utilized by direct-drive applications to accomplish exact control and frictionless rotation, improving operational efficiency across various industries. Incorporating AMBs into direct-drive systems, ranging from high-speed turbines to direct-drive motors, helps the market grow, especially in industries where efficiency and dependability are valued highly. Indirect is the fastest-growing category over the forecast period. These systems use AMBs to improve control and stability across a range of applications, enhancing productivity and lowering wear. Growth in this market sector is fueled by the increasing use of AMBs in indirect-drive configurations, which benefits industries including manufacturing and power generation. DirectIndirect Active Magnetic Bearing End-User Segment Analysis According to Cognitive Market Research, biomedical engineering holds a prominent market share. The development of AMBs is enhanced by integrating precise control mechanisms and new technologies, which are made possible by knowledge in biomedical engineering. This interdisciplinary approach demonstrates their versatility by ensuring that AMBs are applied in medical devices, including high-speed medical imaging equipment. It increases their presence in the field of biomedical engineering. The semiconductor is the fastest-growing category over the forecast period. AMBs have advantages in lowering friction and guaranteeing stability in high-speed rotation procedures necessary for producing semiconductors. The integration of AMBs is becoming increasingly important as the semiconductor industry's technical advancements continue, which is helping to drive market expansion in this high-tech sector. Biomedical EngineeringSemiconductorAerospaceOil & GasPower GenerationOthers Author's Detail Vinayak BaliSenior Research Analyst at Cognitive Market ResearchLinkedInProfileCatering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Bio : Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease. I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research. Read More Author's Conclusion Author's Say's Between 2023 and 2030, the market for Active Magnetic Bearing will grow at a 6.50% CAGR, which is a substantial growth rate. The increasing focus on sustainability and cruelty-free practices in the Active Magnetic Bearing market reflects growing consumer demand for eco-friendly and ethically produced cosmetics. Up to 2030, the market for Active Magnetic Bearing in Europe will develop at the fastest rate, while North America will continue to lead in this area. Frequently Asked Questions (FAQs) What is the market size for the Active Magnetic Bearing market in 2023? The global market size for Active Magnetic Bearing in 2023 was 275.2 USD million. What is the growth rate for the Active Magnetic Bearing market over the forecast period? The global Active Magnetic Bearing market is expected to grow with a CAGR of 6.50% over the projected period. Which is the leading region of the market for Active Magnetic Bearing? North America held a significant global Active Magnetic Bearing market revenue share in 2023. Which region is projected to detect the fastest growth in the Active Magnetic Bearing market over the forecast period? Europe will witness the fastest growth of the global Active Magnetic Bearing market over the coming years. Which country is leading in the Active Magnetic Bearing market in 2023? The US had the most significant global Active Magnetic Bearing market revenue share in 2023. What are the key drivers for the growth of the Active Magnetic Bearing market? Active Magnetic Bearings contribute to energy efficiency in rotating machinery by minimizing friction and reducing energy losses. As industries focus on sustainability and energy conservation, the adoption of technologies that enhance the efficiency of machinery, such as AMBs, becomes a key driver. Which is the significant Active Magnetic Bearing market segment by distribution channel? The direct sales segment had the largest share in the global Active Magnetic Bearing market by distribution channel. Which is the significant segment in the Active Magnetic Bearing market by type? In 2023, the passive magnetic bearing segment had a significant revenue share in the global Active Magnetic Bearing market in terms of type.

Eddy current sensor systems from Micro-Epsilon are designed for high performance non-contact measurement in harsh environments. Whether measuring displacement, position, gap or vibration, Micro-Epsilon has a huge range of sensor and controller options to solve your task.

The semiconductor is the fastest-growing category over the forecast period. AMBs have advantages in lowering friction and guaranteeing stability in high-speed rotation procedures necessary for producing semiconductors. The integration of AMBs is becoming increasingly important as the semiconductor industry's technical advancements continue, which is helping to drive market expansion in this high-tech sector.

Europe is the fastest-growing category, as Market growth is fueled by the use of AMBs in industries like manufacturing, aerospace, and power generation. Europe is positioned as a major growth engine for the market due to its dedication to sustainable solutions and technological innovation, which in turn adds to the growing demand for AMBs.

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The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.

For high volume applications, Micro-Epsilon is able to offer a bespoke design service to offer the required performance specification at the desired target price levels. Get in touch today to discuss how we can modified or design a sensor to your specific requirements.

The production, marketing, and deployment of cutting-edge bearing systems that employ electromagnetic forces rather than physical contact to stabilize rotors are all included in the Active Magnetic Bearing (AMB) market. AMBs have several benefits, such as reduced friction, high-speed operation, and precise control. They are widely used in many industries, including energy, industry, and aerospace, where accurate positioning and vibration control are essential. The system lowers wear, maintenance, and energy usage by replacing conventional mechanical bearings. The market for active magnetic bearings is expanding significantly due to its capacity to improve performance, lower operating costs, and promote high-precision and high-speed applications. This is because industries are placing a higher priority on efficiency and dependability.

Eddy current sensors are designed to provide maximum precision in harsh conditions. The sensors are resistant to dirt, pressure and extreme temperatures, it's these features that make eddy current senors one of the best performing sensors in extreme environments. With a maximum frequency response of 100kHz (-3dB) the sensors can operate at high speed in oscillation and vibration applications.

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