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Magnetic Bearing Market Analysis, Size, Share & Growth Forecast 2026–2034

The Magnetic Bearing Market is projected to grow from USD 863.94 Mn in 2025 to USD 2,070.61 Mn by 2034, registering a CAGR of 10.20% during the 2026–2034 forecast period. The report provides comprehensive insights into key market trends, growth drivers, challenges, emerging opportunities, segment analysis, competitive landscape, and leading vendors shaping the industry. It also includes preliminary market intelligence, regional outlook, and strategic developments to support informed business decisions and market expansion strategies.

$863.94 Mn 2025 Market
$2,070.61 Mn 2034 Market Size (Est.)
10.20% CAGR 2026–34
4 Segments
Published June 2026
Updated June 2026
TrendX Insights Research
Global Coverage
Report Details
Magnetic Bearing Market
Report TypeSyndicated Market Research
Forecast Period2026 – 2034
Base Year2025
GeographyGlobal
IndustryIndustrial & Manufacturing
Segments4

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Market Snapshot

Magnetic Bearing Market — Revenue Forecast 2020–2034 (USD Million)

Source: TrendX Insights Analysis based on secondary research and proprietary data models.
Magnetic Bearing Market Market Revenue 2020–2034 (USD Million)
Year USD Million YoY Growth
2020 622.90
2021 650.00 4.4%
2022 701.30 7.9%
2023 767.90 9.5%
2024 820.20 6.8%
2025 (Base) 863.90 5.3%
2026 (F) 908.60 5.2%
2027 (F) 990.30 9%
2028 (F) 1,096.20 10.7%
2029 (F) 1,221.50 11.4%
2030 (F) 1,363.60 11.6%
2031 (F) 1,520.80 11.5%
2032 (F) 1,691.60 11.2%
2033 (F) 1,875.20 10.9%
2034 (F) 2,070.60 10.4%
Key Takeaways
$2,070.61 Mn by 2034: up from $863.94 Mn in 2025.
10.20% CAGR: sustained compound annual growth across 2026–2034.
Regional leader: North America accounted for the largest share of the Magnetic Bearing Market in 2025, holding 40.0% of the global market.
Key players: SKF, Siemens, MAN Energy Solutions, Atlas Copco, Waukesha Bearings, Synchrony, Calnetix Technologies, Mecos, Levitronix, Beacon Power.

1. What Is the Magnetic Bearing Market?

Market Definition

The Magnetic Bearing Market encompasses active magnetic bearing systems and passive permanent magnet bearing components that use electromagnetic levitation to eliminate mechanical contact between rotating and stationary bearing elements. This enables frictionless, wear-free, oil-free shaft support in high-speed turbomachinery, compressors, and flywheel energy storage systems. The market includes active magnetic bearing controllers and actuator assemblies for industrial compressors and turbines and permanent magnet biased magnetic bearings for cryogenic and vacuum applications. It also includes magnetic bearing systems for hydrogen turbomachinery and touchdown bearing assemblies for system protection during power loss events. These systems are used by gas compression and turbomachinery OEMs, industrial gas compressor manufacturers, hydrogen infrastructure equipment developers, and flywheel energy storage system builders. They eliminate lubrication systems, reduce maintenance, and enable high-speed operation beyond the capability of rolling element bearings. Market scope covers active and passive magnetic bearing systems for industrial turbomachinery and energy storage applications, and excludes magnetic coupling systems without shaft support function and electromagnetic bearing research systems without commercial industrial application.

2. Magnetic Bearing Market Size & Forecast

Market Data at a Glance
Magnetic Bearing Market — Key Metrics
2025 Market Size (Base Year)$863.94 Mn
2034 Market Size (Est.)$2,070.61 Mn
CAGR (2026–2034)10.20%
Forecast Period2026 – 2034
Industry Industrial & Manufacturing Specialty Bearings
CoverageGlobal (40+ countries)

3. Emerging Technologies

  1. Self-sensing magnetic bearing technology is advancing integrated position sensor elimination by using the magnetic bearing coil current and inductance variation to measure rotor position for control feedback, reducing AMB system component count and improving reliability. Growing turbomachinery OEM interest in reducing magnetic bearing system sensor count and potential failure points is motivating self-sensing AMB control algorithm development.
  2. Power electronics efficiency improvement for AMB controllers is advancing GaN and SiC transistor switching amplifier designs for active magnetic bearing current drivers that reduce power consumption and heat generation in AMB controller hardware. Growing magnetic bearing system developer interest in reducing AMB controller power consumption for energy efficiency is motivating wide-bandgap semiconductor AMB power electronics development.
  3. Predictive maintenance integration with magnetic bearing control systems is advancing vibration and load monitoring algorithms embedded in AMB controllers that continuously track rotor orbit and load trends to predict process changes. Growing industrial turbomachinery operator interest in integrating magnetic bearing diagnostic data with plant condition monitoring systems is motivating predictive maintenance algorithm development for AMB controller platforms.
  4. Miniaturised magnetic bearing systems for small turbomachinery are advancing compact AMB designs for micro-gas turbines, small centrifugal compressors, and domestic heat pump compressors where traditional AMB systems were too large and expensive relative. Growing heat pump and micro-turbine OEM interest in extending oil-free magnetic bearing technology to smaller machine sizes is motivating miniaturised AMB system development.

Comparable technologies are influencing adjacent market segments in similar ways. Read more in our Linear Bearing Market.

4. Key Market Opportunity

Growth Opportunity

A major opportunity in the Magnetic Bearing Market is the expansion of active magnetic bearing adoption in hydrogen compressor applications as growing hydrogen infrastructure deployment creates demand for oil-free compression where bearing lubricant contamination of the hydrogen stream is technically unacceptable. A significant proportion of high-pressure hydrogen compression requirements at fuelling stations and industrial hydrogen facilities are currently served by oil-lubricated compressors with oil removal systems that add complexity and introduce contamination risk to the hydrogen gas stream. Active magnetic bearing hydrogen compressors eliminate lubrication system requirements and oil contamination risk entirely, simplifying hydrogen infrastructure and reducing maintenance intervals compared with oil-lubricated alternatives at hydrogen fuelling and production facilities. Magnetic bearing manufacturers that develop validated hydrogen-rated AMB compressor systems, demonstrate oil-free hydrogen gas purity advantages, and establish supply chain partnerships with hydrogen compressor OEMs are positioned to capture the growing hydrogen infrastructure magnetic bearing market.

5. Top Companies in the Magnetic Bearing Market

The following organisations hold leading positions in the Magnetic Bearing Market. The full report provides revenue share, SWOT analysis, and competitive benchmarking for each player.

  • SKF
  • Siemens
  • MAN Energy Solutions
  • Atlas Copco
  • Waukesha Bearings
  • Synchrony
  • Calnetix Technologies
  • Mecos
  • Levitronix
  • Beacon Power
Note: This is based on preliminary research. The final published report will include 20+ company profiles with detailed market share analysis, revenue estimates, SWOT, and competitive benchmarking.

6. Market Segmentation

The Magnetic Bearing Market is analysed across 4 segmentation dimensions. Revenue data, growth rates, and competitive intensity by sub-segment are available in the full report.

Segmentation Sub-Segments
By Type Active Magnetic Bearing Passive Permanent Magnet Hybrid Magnetic Superconducting Magnetic Flywheel Magnetic
By Application Industrial Compressor Turbomachinery Hydrogen Turbomachinery Flywheel Energy Storage Vacuum and Cryogenic Machine Tools
By End User Industrial Gas Companies Power Generation Hydrogen Infrastructure Energy Storage Developers Semiconductor Equipment
By Geography North America Europe Asia Pacific Latin America Middle East and Africa
Note: Revenue forecasts, YoY growth rates, and market share analysis for each sub-segment are included in the full published report. The final report will cover data from 40+ countries, and the geographic scope can be further expanded based on your specific requirements. Additional segments can also be incorporated upon request. The current scope is based on preliminary research, while a comprehensive and detailed report will be developed upon order confirmation. Request data

7. Key Market Trends (2026–2034)

Three major forces are shaping the Magnetic Bearing Market trajectory over the forecast period:

Trend 1

Active Magnetic Bearing Technology Is Eliminating Lubrication Systems from Industrial Centrifugal Compressors.Rotating equipment engineers at oil and gas processing and industrial gas facilities specifying centrifugal compressors are adopting active magnetic bearing systems from SKF and Siemens that levitate the compressor rotor shaft electromagnetically. SKF continued commercial deployment of magnetic bearing systems for industrial centrifugal compressor applications in 2024, with growing adoption at LNG plants and industrial gas facilities specifying oil-free compression technology.

Trend 2

Hydrogen Turbomachinery Magnetic Bearing Technology Is Enabling Oil-Free Hydrogen Compressor Development.Hydrogen infrastructure developers building high-pressure hydrogen fuelling station compressors and electrolyser gas compression equipment are adopting magnetic bearing systems that eliminate oil contamination risk from bearing lubrication in hydrogen gas streams. MAN Energy Solutions and Atlas Copco continued commercial development of magnetic bearing-equipped hydrogen compressors for hydrogen fuelling infrastructure in 2024, targeting oil-free hydrogen compression for fuelling station and industrial hydrogen applications.

Trend 3

Flywheel Energy Storage Magnetic Bearing Technology Is Enabling Grid Frequency Regulation without Battery Degradation.Grid operators and utility energy storage developers specifying short-duration frequency regulation services are adopting flywheel energy storage systems with active magnetic bearings that allow the steel flywheel rotor to spin continuously. In vacuum without bearing wear or lubrication. Beacon Power and Amber Kinetics continued commercial development of flywheel energy storage systems with magnetic bearing levitation for grid frequency regulation applications in 2024, demonstrating extended service life advantage over electrochemical battery storage.

For related market intelligence, see the Foil Bearing Market.

8. Segmental Analysis

By type, active magnetic bearings dominated the Magnetic Bearing Market in 2025, driven by the established adoption of AMB control systems as the standard magnetic levitation approach for commercial industrial compressor and turbomachinery applications. Rotating equipment engineers and turbomachinery OEMs continue specifying active magnetic bearing systems as the primary commercial magnetic levitation technology as AMB controller systems provide the active rotor position control required for stable levitation. Hybrid magnetic bearings are the fastest-growing type, driven by growing adoption of permanent magnet biased AMB designs that reduce coil power consumption and controller complexity compared with conventional pure electromagnetic AMB systems. Turbomachinery bearing engineers are increasing hybrid PM-biased AMB adoption as permanent magnet bias reduces steady-state power consumption and simplifies AMB controller design while maintaining the active control required for stable levitation.

By application, industrial compressors dominated the Magnetic Bearing Market in 2025, driven by the large installed base of centrifugal and screw compressors adopting AMB systems for oil-free operation at industrial gas and process industry facilities. Rotating equipment engineers at oil and gas and industrial gas facilities continue generating the highest AMB demand from compressor applications as oil-free operation drives adoption at facilities with strict contamination and maintenance requirements. Hydrogen turbomachinery is the fastest-growing application, driven by growing hydrogen infrastructure deployment creating demand for oil-free AMB hydrogen compressors that eliminate lubrication oil contamination risk in hydrogen gas stream applications. Hydrogen infrastructure developers and compressor OEMs are increasing AMB hydrogen compressor adoption as oil-free magnetic bearing operation provides the hydrogen gas purity assurance required for fuel cell vehicle fuelling and high-purity industrial hydrogen applications.

Full segmental data, granular revenue tables, and CAGR by segment, are available in the complete syndicated report (available upon order) Request full report

9. Regional Analysis

Regional demand patterns across the Magnetic Bearing Market reflect differences in regulation, technological maturity, and capital investment.

Dominant Region

Largest Market Share

North America accounted for the largest share of the Magnetic Bearing Market in 2025, holding 40.0% of the global market. The region's dominance reflects the concentration of AMB technology developers including Waukesha Bearings, Synchrony, and Calnetix Technologies in North America, the large oil and gas and industrial gas compression infrastructure generating AMB demand, and the growing hydrogen infrastructure investment driving oil-free compression adoption. The large North American industrial gas and oil and gas processing sector with centrifugal compressor installations adopting AMB systems for oil-free operation generates consistent magnetic bearing procurement demand at turbomachinery OEM and aftermarket service levels. Growing North American hydrogen fuelling infrastructure investment and government hydrogen programme funding are creating expanding demand for oil-free AMB hydrogen compressor systems at hydrogen fuelling station and electrolyser facility projects.

Fastest Growing

Highest CAGR Region

Asia Pacific is expected to register the highest CAGR of 14.50% during the forecast period. Growing industrial gas compression infrastructure investment in China, Japan, South Korea, and Australia, expanding hydrogen fuelling network development, and increasing adoption of oil-free AMB compressor technology at semiconductor and precision manufacturing facilities are creating magnetic bearing market growth. Growing Chinese hydrogen infrastructure investment and increasing government hydrogen fuelling station deployment are creating demand for oil-free AMB hydrogen compressor systems at Chinese hydrogen fuelling network projects. Growing South Korean and Japanese hydrogen fuel cell vehicle infrastructure programmes and expanding industrial compressor adoption of oil-free AMB technology at petrochemical and semiconductor facilities are creating consistent magnetic bearing demand.

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Research Prepared by TrendX Insights
Shyam Gupta
Senior Research Analyst at TrendX Insights
This report was prepared by the TrendX Insights research team and reviewed by Shyam Gupta, Senior Research Analyst at TrendX Insights. He has extensive experience tracking market deployment and strategic trends across industrial, mobility, and energy sectors. Our team conducts in-depth research to analyze key market players, supply chains, and regulatory landscapes globally.
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Magnetic Bearing Market 2026–2034

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