Magnetic Bearings Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Application (Compressor, Turbine, Pumps, Motors, Generators and Others), By Type (Active Magnet Bearing, Passive Magnet Bearing and Hybrid Magnet Bearing), By End-User (Oil & Gas, Petrochemicals, Power and Others), By Region, Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 4.19 Billion
CAGR (2026-2031)	6.63%
Fastest Growing Segment	Oil & Gas
Largest Market	Asia Pacific
Market Size (2031)	USD 6.16 Billion

Market Overview

The Global Magnetic Bearings Market will grow from USD 4.19 Billion in 2025 to USD 6.16 Billion by 2031 at a 6.63% CAGR. Magnetic bearings utilize electromagnetic fields to levitate rotating shafts, thereby eliminating physical contact and friction during operation. This technology is primarily driven by the demand for oil-free machinery in sectors such as oil and gas, which removes the risk of process fluid contamination and reduces maintenance requirements. Additionally, the push for sustainable power generation supports market growth, as these bearings improve the efficiency of renewable energy systems. According to the 'Global Wind Energy Council', in '2024', 'the global wind industry installed a record 117 GW of new capacity', highlighting the expanding application base for reliable components in this sector.

However, the widespread adoption of magnetic bearings is impeded by the significant initial investment required for active control systems and auxiliary power units. The complexity of integrating these electronic controls with conventional mechanical infrastructure poses a barrier for cost-sensitive industrial applications. Consequently, while the technology offers clear operational benefits, the high upfront expenditure remains a substantial challenge for broader market expansion.

Key Market Drivers

Rapid Expansion of Renewable Energy and Wind Power Projects is a primary force propelling the global magnetic bearings market. As wind turbines increase in size and capacity to maximize power generation, the elimination of mechanical wear and lubrication systems becomes critical for reducing operational costs. Magnetic bearings provide a contactless solution that enhances the reliability of these large-scale rotating systems, particularly in offshore environments where maintenance access is difficult and costly. According to WindEurope, February 2024, in the 'Wind energy in Europe: 2023 Statistics and the outlook for 2024-2030' report, Europe installed 18.3 GW of new wind power capacity in 2023, creating a robust demand for advanced componentry to sustain this infrastructure growth. This regional surge complements broader global investments, as according to the International Energy Agency (IEA), in 2024, global clean energy investment is projected to reach $2 trillion, fostering an environment conducive to high-tech component adoption.

Rising Adoption in HVAC and Centrifugal Chiller Applications further accelerates market demand, driven by the need for oil-free cooling solutions. Magnetic bearings enable centrifugal chillers to operate at higher speeds with variable frequency drives, offering superior part-load efficiency compared to traditional mechanical systems. This technology eliminates oil management infrastructure, thereby removing performance degradation caused by oil contamination in heat exchangers and reducing the overall equipment footprint. Manufacturers are aggressively expanding production capabilities to meet this growing requirement for green building technologies. For instance, according to Danfoss, May 2024, in the 'Danfoss Turbocor Holds Grand Opening Ceremony for New Facility in Tallahassee' press release, the company completed a $62 million investment to double its manufacturing capacity for oil-free, magnetic bearing compressors. Such capital commitments underscore the industry's shift toward sustainable, low-maintenance thermal management systems.

Download Free Sample Report

Key Market Challenges

The primary challenge hampering the growth of the Global Magnetic Bearings Market is the substantial initial capital expenditure required for these advanced systems. Unlike conventional fluid-film or rolling-element bearings, magnetic bearings necessitate a complex suite of auxiliary components, including active electronic control units, position sensors, and uninterruptible power supplies to ensure fail-safe operation. This intricate architecture significantly elevates the upfront procurement and installation costs, making the technology difficult to justify for cost-sensitive industrial applications where traditional, lower-cost solutions remain adequate. The integration of such sophisticated electronic infrastructure into existing mechanical setups further compounds the financial burden, creating a high barrier to entry for widespread adoption in general industrial machinery.

This economic hurdle is exacerbated by the broader climate of capital restraint within the manufacturing sector. Industrial buyers are currently facing tightened budgets and are prioritizing essential operational expenditures over premium technological upgrades. According to 'VDMA' (The Mechanical Engineering Industry Association), in '2024', 'production in the mechanical and plant engineering sector was expected to decline by 8%', as 'increasing cost pressure' serves as a significant brake on business growth. This contraction in industrial output and the prevailing focus on cost containment directly limit the market opportunities for high-premium components like magnetic bearings, stalling their expansion into new volume markets.

Key Market Trends

The Expansion into Hydrogen Infrastructure and Carbon Capture Turbomachinery is reshaping the market, as hydrogen's low molecular weight necessitates high-speed, oil-free turbomachinery. Magnetic bearings are indispensable in this sector, enabling the hermetic sealing required to prevent gas leakage and contamination—capabilities unmatched by conventional oil-lubricated systems. This technical demand is driving the validation of specialized high-velocity components to support the green hydrogen economy. According to Siemens Energy, October 2025, in the 'Turbomachinery Magazine' article covering the TPS 2025 symposium, the company successfully validated a new single-piece hydrogen compressor rotor designed to operate at speeds up to 28,540 rpm. This milestone underscores the increasing reliance on contact-free bearing technologies to maintain stability and reliability in next-generation energy infrastructure.

Concurrently, the Integration of IIoT and Smart Monitoring Capabilities is transforming magnetic bearings from passive components into intelligent assets. Manufacturers are embedding sophisticated sensors directly into bearing controllers, enabling real-time predictive maintenance and digital twin simulations that significantly reduce unplanned downtime for critical industrial assets. This strategic shift towards digitalization is driving substantial capital allocation in research and engineering across the sector. According to SKF, March 2025, in the 'Annual Report 2024', the company invested SEK 3.33 billion in research and development during the fiscal year, with a primary focus on accelerating the deployment of smart bearings and next-generation monitoring systems. These investments highlight the industry's pivot toward offering comprehensive lifecycle management services alongside physical hardware.

Segmental Insights

The Oil & Gas industry is emerging as the fastest-growing segment in the Global Magnetic Bearings Market due to the rising demand for oil-free machinery. Companies are increasingly integrating magnetic bearings into gas compressors and turbines to eliminate lubrication systems, which significantly lowers maintenance costs and mitigates fire risks. This technology is particularly essential for subsea and remote operations where equipment reliability is critical and physical access is limited. Consequently, the sector is transitioning toward these components to ensure continuous operation and compliance with stringent environmental safety standards regarding fluid leakage.

Regional Insights

Based on recent market research, Asia Pacific currently leads the Global Magnetic Bearings Market, holding the largest regional share. This dominance is primarily driven by rapid industrialization and extensive infrastructure development in key economies such as China, India, and Japan. The region continues to experience substantial demand for high-speed rotating machinery across critical sectors, including power generation, oil and gas, and automotive manufacturing. Furthermore, national strategies prioritizing energy efficiency and the expansion of renewable energy capacity have accelerated the adoption of low-friction, maintenance-free bearing solutions. The presence of a robust manufacturing base and increasing investments in advanced industrial technologies further solidify the region's market position.

Recent Developments

• In September 2025, SKF announced a strategic partnership with Sieb & Meyer to develop and deliver integrated magnetic bearing solutions for high-efficiency industrial applications. The collaboration combines SKF’s expertise in high-speed electric motors and magnetic bearings with Sieb & Meyer’s advanced variable frequency drives and control electronics. This partnership aims to provide optimized packages where the drive technology is precisely tuned to the magnetic bearing system, ensuring maximum performance and reliability. The initiative targets demanding sectors such as HVAC, wastewater treatment, and air compression, where the integration of these technologies can lead to significant reductions in energy consumption and operational costs.
• In November 2024, JTEKT Corporation announced a significant breakthrough in its research and development capabilities with the creation of a new evaluation test machine utilizing magnetic bearings. This advanced equipment was designed to replicate ultra-high-speed rotation environments, enabling the testing of bearings at speeds up to 45,000 min-1, which is essential for next-generation electric vehicle eAxles. By incorporating magnetic bearings into the test machine's motor unit, the company achieved a friction-free operation that allows for precise evaluation of bearing performance under rapid acceleration and deceleration conditions. This development is expected to accelerate the design process and improve the reliability of bearings for the evolving mobility sector.
• In November 2024, VEM Group and SpinDrive collaborated to unveil a groundbreaking high-speed motor equipped with active magnetic bearings at the SPS exhibition in Nuremberg. The project integrated SpinDrive’s advanced Magma X800 magnetic bearing controller with VEM’s newly developed 880 kW motor, capable of operating at rotational speeds between 12,000 rpm and 20,000 rpm. This collaboration highlighted the successful merging of robust motor manufacturing with innovative frictionless bearing technology, resulting in a system that offers superior energy efficiency and a reduced physical footprint. The joint solution addresses the growing demand for oil-free, low-maintenance drive systems in heavy industrial applications such as compressors and turbines.
• In October 2024, KEB Automation launched a new series of high-speed drives specifically engineered to support advanced industrial machinery, including systems utilizing magnetic bearing technology. The newly introduced drive controllers offer output frequencies of up to 2,000 Hz and feature an integrated supply for magnetic bearing controllers via the DC link voltage. This innovative design ensures that sensitive magnetic bearings remain protected and operational even in the event of a voltage drop, significantly enhancing system reliability. The solution is targeted at high-speed applications such as turbo blowers, compressors, and vacuum pumps, allowing for a more compact control cabinet layout by eliminating the need for separate power supply components.

Key Market Players

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

By Application	By Type	By End-User	By Region
Compressor Turbine Pumps Motors Generators and Others	Active Magnet Bearing Passive Magnet Bearing and Hybrid Magnet Bearing	Oil & Gas Petrochemicals Power and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Magnetic Bearings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Magnetic Bearings Market, By Application:

• Compressor
• Turbine
• Pumps
• Motors
• Generators and Others

• Magnetic Bearings Market, By Type:

• Active Magnet Bearing
• Passive Magnet Bearing and Hybrid Magnet Bearing

• Magnetic Bearings Market, By End-User:

• Oil & Gas
• Petrochemicals
• Power and Others

• Magnetic Bearings Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE