Global Magnet Bearings Market Outlook: Emerging Opportunities and Future Growth
The magnet bearings market was estimated at USD 1.95 billion in 2022 and is likely to grow at a healthy CAGR of 4.53% during 2023-2028 to reach USD 2.54 billion in 2028.
A bearing that uses magnetic levitation to sustain a load is called a magnetic bearing. Without any physical contact, it also supports moving elements. The magnetic technique has a number of benefits, including a lower friction coefficient and bearing regularities in mass distribution.
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