Innovative Solutions: Harnessing the Power of Magnet Bearings

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.