Report : Middle East & Africa Vacuum Bearings Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Cylindrical Roller Bearings, Tapered Roller Bearings, Spherical Roller Bearings, Thrust Roller Bearings, and Needle Roller Bearings), Application (Automotive, Manufacturing & Construction, Energy & Power, Mining, Aerospace & Defense, and Others), and Material (Silicon, Stainless Steel, Hybrid, and Others)
At 6.6% CAGR, the Middle East & Africa Vacuum Bearings Market is speculated to be worth nUS$ 491.12 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the MEA vacuum bearings market was valued at US$ 332.82 million in 2022 and is expected to reach US$ 491.12 million by 2028, registering an annual growth rate of 6.6% from 2022 to 2028. Soaring growth of MEA space sector and benefits of vacuum bearings.
Vacuum bearings virtually eliminate friction, improve resolution capabilities, and reducing in-position "hunting" (limit cycling). In addition, position repeatability within a few fundamental encoder counts is possible. Inertial sensor testing, tomography, wafer scanning, and surface profiling require continuous motion at tightly controlled speeds. These types of experiments and processes are best served by vacuum bearing systems because the lack of mechanical bearing elements means nothing can get in the way of smooth, controlled velocity (stability to better than 0.01%). Vacuum bearings offer high accuracy because components are manufactured with extremely tight tolerances and due to the air film's averaging effects. The surface-averaging effect of a vacuum bearing improves straightness/flatness of motion and reduces high-frequency bearing rumble. Rotary vacuum bearings are stiff and can deliver highly precise rotary motion. Radial, axial, and wobble error motions are typically ten times smaller than possible with most mechanical-bearing solutions. Also, the rotary motion is smoother since there are no roller elements. This is expected to drive the market during the forecast period.
On the contrary, contradictory raw material prices and high maintenance cost hurdles the growth of MEA vacuum bearings market.
Based on product type, the MEA vacuum bearings market is divided into cylindrical roller bearings, tapered roller bearings, spherical roller bearings, thrust roller bearings, and needle roller bearings. The cylindrical roller bearings vacuum bearings segment held 26.5% market share in 2022, amassing US$ 88.22 million. It is projected to garner US$ 121.99 million by 2028 to expand at 5.6% CAGR during 2022–2028.
Based on application, the MEA vacuum bearings market is categorized into automotive, manufacturing & construction, energy & power, mining, aerospace & defense, and others. The energy & power segment held 23.7% market share in 2022, amassing US$ 78.72 million. It is projected to garner US$ 121.39 million by 2028 to expand at 7.5% CAGR during 2022–2028.
Based on material, the MEA vacuum bearings market is categorized into silicon, stainless steel, hybrid, and others. The stainless-steel segment held 42.3% market share in 2022, amassing US$ 140.87 million. It is projected to garner US$ 178.33 million by 2028 to expand at 4.0% CAGR during 2022–2028.
Based on country, the MEA vacuum bearings market has been categorized into the South Africa, Saudi Arabia, UAE, and Rest of MEA. Our regional analysis states that South Africa captured 55.9% market share in 2022. It was assessed at US$ 186.10 million in 2022 and is likely to hit US$ 272.12 million by 2028, exhibiting a CAGR of 6.5% during the forecast period.
Key players dominating the MEA vacuum bearings market are HepcoMotion; NSK Ltd; Schaeffler Technologies AG & Co. KG; THE TIMKEN COMPANY; GMN Paul Muller Industrie GmbH & Co. KG; UNASIS; and SKF, among others.
- In Jan 2022, HepcoMotion Opens New Stockholding Factory in Netherlands.
- In Dec 2021, NSK Launches Lineup of Bearings with World's First Bioplastic Cage.
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