The global magnetic bearing market is witnessing substantial growth, driven by increasing demand for high-performance, low-maintenance rotating machinery across industries such as energy, aerospace, defense, and semiconductors. Valued at US$ 2.0 billion in 2023, the market is projected to grow at a CAGR of 5.7% from 2024 to 2034, reaching US$ 3.6 billion by the end of 2034. https://www.openpr.com/news/3997980/magnetic-bearing-market-sales-to-reach-usd-3-6-billion-by-2034