Demand Surge for Frictionless Machinery Propels Magnetic Bearing Market
As the global economy moves toward smarter, cleaner, and more efficient technologies, the magnetic bearing market is emerging as a critical enabler in sectors ranging from energy to aerospace. In 2023, the global market was valued at US$ 2.0 Bn, and it is projected to reach US$ 3.6 Bn by the end of 2034, expanding at a CAGR of 5.7% between 2024 and 2034. What’s behind this momentum? A...
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