Asia Pacific Low Temperature Bearing Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Cryogenic Bearings, Plain Bearings, Rolling Element Bearing, Jewel Bearing, and Others), Material (Stainless Steel, Ceramic, Bearing Steel, and Others), and Application (Aerospace, Pharmaceutical, Manufacturing, and Others)
The low temperature bearing market in Asia Pacific is expected to grow from US$ 218.91 million in 2021 to US$ 317.00 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.
A growing number of projects is demanding hydrogen as an energy source. Special submersible pumps are frequently used in these projects, which can reliably pump gaseous and liquid media in continuous or intermittent operation at temperatures as low as -200°C. The double bearing of the pump shaft is a significant design element in such pumps. Corrosion resistance is critical, and no other lubricant than the medium washing around the bearing can be utilized. On the other hand, this tribology is unfavorable since it lays high demands on the material pairing. Furthermore, the bearings must have a long service life even at low temperatures. NSK has designed a variety of deep groove ball bearings expressly for these extreme operating circumstances, with several critical design features that set them apart from standard pump bearings. The inner and outer rings of stainless steel are designed specifically for rolling bearings. The rolling components (also composed of stainless steel) are guided by a stable cage that occupies the whole interior volume of the bearing. In contrast, the cage material, a self-lubricating fluoroplastic, allows low friction bearing operation without external lubrication. Furthermore, at speeds up to 3,600 rpm, the high-performance fluoroplastic is exceptionally wear-resistant and has good low-temperature qualities. The cage has two parts connected by stainless steel rivets. These deep groove ball bearings have a much longer service life in laboratory tests and practice than other bearings for this application, such as those with a cage constructed of strong phenolic resin. The NSK bearings come in various sizes (shaft diameters ranging from 30 to 100 mm) and are suitable for big hydrogen pumping facilities and decentralized applications, such as hydrogen filling stations. Bearings are also ideal for pumps that handle other cryogenic gases, such as nitrogen. Thus, the emerging trend of self-lubricating deep groove ball bearings for submersible pumps in cryogenic applications is likely to drive the low temperature bearings market over the forecast period.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific low temperature bearing market at a substantial CAGR during the forecast period.
Asia Pacific Low Temperature Bearing Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Low Temperature Bearing Market Segmentation
The Asia Pacific low temperature bearing market is segmented on the basis of type, application, material, and country. Based on type, the market is segmented into cryogenic bearings, plain bearings, rolling element bearing, jewel bearing, and others. In 2021, the rolling element bearing segment held a larger share of the market. However, the cryogenic bearings segment is expected to register a higher CAGR during the forecast period. Based on application, the Asia Pacific low temperature bearing market is segmented into aerospace, pharmaceuatical, manufacturing, and others. The aerospace segment held the largest market share in 2021 and manufacturing is expected to register the highest CAGR in the market during the forecast period. Based on material, the market is segmented into stainless steel, ceramic, bearing steel, and others. In 2021, the bearing steel segment held the largest market share. However, the stainless steel segment is expected to register the highest CAGR during the forecast period. Based on country, the Asia Pacific low temperature bearing market is segmented into China, Japan, India, South Korea, Australia, and Rest of APAC. In 2021, China held a larger market share. On the other side, and it is expected to register a higher CAGR during the forecast period.
SKF; Gebr. Reinfurt GmbH & Co. KG; THE TIMKEN COMPANY; NSK Europe Ltd.; Carter Manufacturing LTD.; ZYS Bearing Research Institute Co., Ltd.; and Durofit Technologies Pvt Ltd. are among the leading companies in the Asia Pacific low temperature bearing market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Low temperature bearings Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Low Temperature Bearings Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Elevating Demand for Low Temperature Bearings Across Entire LNG (Liquified Natural Gas) Value Chain
5.1.2 Boosting Use of Lliquid Nitrogen Equipment
5.2 Market Restraints
5.2.1 Exorbitant Cost of Raw Material
5.3 Market Opportunities
5.3.1 Burgeoning Use of Liquid Nitrogen Equipment
5.4 Future Trends
5.4.1 Emergence of Self-Lubricating Deep Groove Ball Bearings
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Low Temperature Bearings Market Analysis
6.1 Asia Pacific Low Temperature Bearings Market Overview
7. Asia Pacific Low Temperature Bearings Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Low Temperature Bearings Market- by Type
7.3 Cryogenic Bearings
7.3.1 Overview
7.3.2 Cryogenic Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Plain Bearings
7.4.1 Overview
7.4.2 Plain Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Rolling Element Bearings
7.5.1 Overview
7.5.2 Rolling Element Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Jewel Bearings
7.6.1 Overview
7.6.2 Jewel Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Low Temperature Bearings Market – By Application
8.1 Overview
8.2 Asia Pacific Low Temperature Bearings Market- By Application
8.3 Aerospace
8.3.1 Overview
8.3.2 Aerospace: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Pharmaceutical
8.4.1 Overview
8.4.2 Pharmaceutical: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Manufacturing
8.5.1 Overview
8.5.2 Manufacturing: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Low Temperature Bearings Market – By Material
9.1 Overview
9.2 Asia Pacific Low Temperature Bearings Market- By Material
9.3 Stainless Steel
9.3.1 Overview
9.3.2 Stainless Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Ceramic
9.4.1 Overview
9.4.2 Ceramic: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Bearing Steel
9.5.1 Overview
9.5.2 Bearing Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Low temperature bearings Market – Country Analysis
10.1 Overview
10.1.1 APAC: Low Temperature Bearings Market- by Key Country
10.1.1.1 China: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 China: Low Temperature Bearings Market- by Type
10.1.1.1.2 China: Low Temperature Bearings Market- By Application
10.1.1.1.3 China: Low Temperature Bearings Market- By Material
10.1.1.2 India: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 India: Low Temperature Bearings Market- by Type
10.1.1.2.2 India: Low Temperature Bearings Market- By Application
10.1.1.2.3 India: Low Temperature Bearings Market- By Material
10.1.1.3 Japan: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Japan: Low Temperature Bearings Market- by Type
10.1.1.3.2 Japan: Low Temperature Bearings Market- By Application
10.1.1.3.3 Japan: Low Temperature Bearings Market- By Material
10.1.1.4 South Korea: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 South Korea: Low Temperature Bearings Market- by Type
10.1.1.4.2 South Korea: Low Temperature Bearings Market- By Application
10.1.1.4.3 South Korea: Low Temperature Bearings Market- By Material
10.1.1.5 Australia: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Australia: Low Temperature Bearings Market- by Type
10.1.1.5.2 Australia: Low Temperature Bearings Market- By Application
10.1.1.5.3 Australia: Low Temperature Bearings Market- By Material
10.1.1.6 Rest of APAC: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Low Temperature Bearings Market- by Type
10.1.1.6.2 Rest of APAC: Low Temperature Bearings Market- By Application
10.1.1.6.3 Rest of APAC: Low Temperature Bearings Market- By Material
11. Asia Pacific Low Temperature Bearings Market- Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 SKF
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Durofit Technologies Pvt Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Gebr. Reinfurt GmbH & Co. KG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 THE TIMKEN COMPANY
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ZYS Bearing Research Institute Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 NSK Europe Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Luoyang Monton Bearing Science &Technology Co., ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Low temperature bearings Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Low Temperature Bearings Market- by Key Country –Revenue and Forecast to 2028 (US$ Million)
Table 3. China: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 15. Australia: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 16. Australia: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 17. Australia: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Low Temperature Bearings Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Low Temperature Bearings Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC: Low Temperature Bearings Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Low Temperature Bearings Market Segmentation
Figure 2. Asia Pacific Low Temperature Bearings Market Segmentation – by Country
Figure 3. Asia Pacific Low Temperature Bearings Market Overview
Figure 4. Asia Pacific Low Temperature Bearings Market, by Type
Figure 5. Asia Pacific Low Temperature Bearings Market, by Country
Figure 6. Asia Pacific: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Asia Pacific Low temperature bearings Market: Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Low temperature bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Asia Pacific Low Temperature Bearings Market Revenue Share, By Type (2020 and 2028)
Figure 11. Cryogenic Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Plain Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Rolling Element Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Jewel Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Asia Pacific Low Temperature Bearings Market Revenue Share, By Application (2020 and 2028)
Figure 17. Aerospace: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Pharmaceutical: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Manufacturing: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Asia Pacific Low Temperature Bearings Market Revenue Share, By Material (2020 and 2028)
Figure 22. Stainless Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Ceramic: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Bearing Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Geographic Overview of Asia Pacific Low Temperature Bearings Market
Figure 27. APAC: Low Temperature Bearings Market Revenue Share, By Key Country (2020 and 2028)
Figure 28. China: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. India: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Japan: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Australia: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of APAC: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)
- SKF
- Gebr. Reinfurt GmbH & Co. KG
- THE TIMKEN COMPANY
- NSK Europe Ltd.
- Carter Manufacturing LTD.
- Luoyang Monton Bearing Science &Technology Co., ltd.
- ZYS Bearing Research Institute Co., Ltd.
- Durofit Technologies Pvt Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific low temperature bearing market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific low temperature bearing market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the low temperature bearing market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution