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Air Bearings Market To Surpass $7.49 Billion By 2030 With 7.56% CAGR, Fueled By Aerospace Advancements.

May 15, 2024 12:00 PM ET

Air Bearings Market To Surpass $7.49 Billion By 2030 With 7.56% CAGR, Fueled By Aerospace Advancements.

Market Insights-

In 2022, the air bearings market was estimated to be worth USD 4.5 billion. According to projections, the air bearings market business will expand at a compound annual growth rate (CAGR) of 7.56% from USD 4.8402 billion in 2023 to USD 7.49493 billion by 2030.

The air bearings market refers to the market for devices that use a thin film of air to create a low friction interface between two surfaces. Air bearings are used in a variety of applications, including semiconductor manufacturing equipment, medical devices, aerospace, and precision machining.

The COVID-19 pandemic has had a mixed impact on the air bearings market. On one hand, the demand for air bearings in medical devices and semiconductor manufacturing equipment has increased due to the increased demand for these products during the pandemic. On the other hand, the disruption of global supply chains and reduced manufacturing activity in many industries has had a negative impact on the market.

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Key Companies in the air bearings market include –

APG-Neuros Inc.

Mohawk Innovative Technology Inc.

IBS Precision Engineering

Air Bearings Ltd.

Capstone Turbine Corporation

Leuven Air Bearings NV

Bladon Jets

Hot Air Systems Inc.

Honeywell International Inc.

Regional Analysis-

In terms of regional analysis, the Asia-Pacific region is expected to dominate the air bearings market due to the presence of a large number of semiconductor manufacturers and other high-tech industries in countries like China, Japan, and South Korea. North America and Europe are also significant markets for air bearings due to the presence of advanced manufacturing industries in these regions. However, the market in these regions may be impacted by the ongoing trade tensions and uncertainty caused by Brexit. Other regions, such as Latin America and the Middle East and Africa, are expected to experience moderate growth in the air bearings market.

Market Segmentation-

The Global air bearings market has been segmented into type, application, and end-user.

Based on Type: Hydrostatic/Aerostatic and Hydrodynamic/Aerodynamic

Based on Application: Precision Machinery Tools, High-speed Machines and Others

Based on End-user: Aviation, Automotive, Medical, Space, HVAC, Microturbine, Compressors, Semiconductor, Wastewater Management and Others

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Air Bearings Industry Developments –

August 2022,

Sekito The distributor for Capstone Green Energy Company in Malaysia and Brunei has received an order for a 200 kW microturbine-based system for a big  oil and gas company’s oil and gas application. One ATEX-certified Capstone C200S microturbine will be used in the new system. This retrofit system will provide prime power for an offshore wellhead platform in Sarawak, Malaysia, replacing an old Calnetix Power Solutions TA100 microturbine already on-site.

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