Increasing Investments in Industrial Development Bolsters Global High Heat Bearing Market Growth
According to our latest study on "High Heat Bearing Market Analysis to 2031 – Global Analysis – by Type and Industry," the market was valued at US$ 6,686.40 million in 2023 and is projected to reach US$ 10,706.83 million by 2031; it is anticipated to record a CAGR of 6.1% from 2023 to 2031. The high heat bearing market report includes growth prospects owing to the current global high heat bearing market trends and their foreseeable impact during the forecast period. The high heat bearing market size in North America is growing at a rapid pace during the forecast period.
Plain bearings, also known as sleeve bearings or bushings, are among the simplest and most widely used types for high-heat applications. These bearings rely on a sliding contact between the bearing surface and the shaft or components supported by the shaft. As they do not contain rolling elements, these bearings can handle larger surface areas of contact, mitigating the impact of heat build-up and friction. Plain bearings are made from materials such as bronze, graphite, or polymers that offer excellent heat resistance and are capable of withstanding high temperatures, often 250°C or above. The high heat bearing market size is growing at a rapid pace during the forecast period. The high heat bearing market share is growing in North America.
Global High Heat Bearing Market Share — by Country, 2023
High Heat Bearing Market Size and Forecast (2021–2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: by Type [Plain Bearings (Spherical Plain Bearings, Rod Ends, and Bushings), Roller Bearings, and Deep Groove Ball Bearings], Industry (Metal Processing, Aerospace, Defense, Food and Beverages, Energy and Power, Manufacturing, Automotive, and Others), and Geography
High Heat Bearing Market Drivers and Opportunities [2021-2031]
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Source: The Insight Partners Analysis
The global high heat bearing market is segmented into type and industry. In terms of type, the high heat bearing market is segmented into plain bearings, roller bearings, and deep groove ball bearings. Based on industry, the high heat heating market is divided into metal processing, aerospace, defense, food and beverages, energy and power, manufacturing, and others.
The scope of the global high heat bearing market report focuses on Germany, France, Italy, the UK, Russia, and the Rest of Europe. In aerospace, high-temperature bearings are used in critical components such as jet engines, spacecraft components, and auxiliary power units. These bearings can withstand the intense heat generated during flight and in space applications, ensuring the smooth operation of high-speed rotating parts. The aerospace industry demands high-performance bearings capable of withstanding extreme temperature variations, from the cold at high altitudes to the extreme heat generated by engines and turbines.
The high heat bearing market growth in North America is attributed to a strong industrial base, particularly in the automotive, aerospace, and energy sectors, among others. The US and Canada generate a considerable demand for high-performance automotive components such as turbochargers, exhaust systems, and electric vehicle (EV) motors, which results in a significant need for high heat bearings in these components. In the aerospace industry, high-temperature bearings are prominently incorporated in jet engines and auxiliary power units. According to the Aerospace Industries Association (AIA), the US aerospace and defense industry achieved a significant milestone in 2023, generating over US$ 955 billion in sales and marking a 7.1% growth compared to the previous year. High heat bearings are essential for the optimal performance and reliability of aerospace systems, which commonly operate in extreme temperature conditions. The energy sector, including gas turbines and power plants, fuels the demand for these bearings. The region's focus on innovation in manufacturing and infrastructure sectors further propels the growth of the market for high heat bearing solutions. Moreover, stringent fuel efficiency and emission regulations propel the demand for components that can endure extreme conditions.
The rising demand for high heat bearing products in the food and beverage processing sector, rapid Industrialization with growing significant investments in the aerospace and defense sector, and rising demand in the automotive and metal processing industry across the world are driving the growth of the high heat bearing market. Moreover, increasing investments in the development of renewable energy projects serve as a significant growth opportunity in the high heat bearing market. Further, integration of sensors and advanced technologies in high heat bearing trends for the high heat bearing market.
The high heat bearing market is segmented based on type and industry. Based on type, the market is segmented into plain bearing and roller bearing. In terms of industry, the high heat bearing market is categorized into metal processing, aerospace, defense, food and beverage, energy and power, manufacturing, and others.
The top companies operating in the field of high heat bearing include NSK Ltd, NTN Corporation; RBC Bearings Incorporated; AB SKF; Technymon Global Bearing Technologies S.r.l.; DURBAL Metallwarenfabrik GmbH (Rollon Group); Dalian Chengfeng Bearing Sales Co., Ltd; Scheerer Bearing Corporation; Graphite Metallizing Corporation; and ISK bearings (JOTA Group). Various other companies are also operating in the market, contributing to the growth of the high-heat bearings market through their new technologies and offerings.
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