Middle East & Africa Low Temperature Bearing Market Forecast to 2028 – COVID

Middle East & Africa Low Temperature Bearing Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Cryogenic Bearings, Plain Bearings, Rolling Element Bearing, Jewel Bearing, and Others), Material (Stainless Steel, Ceramic, Bearing Steel, and Others), and Application (Aerospace, Pharmaceutical, Manufacturing, and Others)

Report Code : BMIRE00026149 | Region : LAMEA | Industry : Manufacturing and Construction | Published Date : 20/Sep/2022

The low temperature bearing market in the Middle East & Africa is expected to grow from US$ 29.07 million in 2021 to US$ 38.31 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028.

Liquid nitrogen causes fast freezing when it comes into touch with living cells. It is an effective and convenient refrigerant. The demand for liquid nitrogen is increasing due to its easy availability, low cost, and inert qualities. It is extensively utilized as a coolant in rotational molding due to its feature. With its exceptionally low boiling temperature (–195.8°C) and great refrigeration capacity at atmospheric pressure, nitrogen is used in various low-temperature procedures. The unique properties of liquid nitrogen as a coolant are driving the demand for low-temperature bearings across the world. It is widely utilized in the chemical & pharmaceutical industry due to its undesirable features, such as being nontoxic, odorless, colorless, chemically inert, and inflammable. Since nitrogen has a boiling point of –195°C, it is increasingly used as a coolant and refrigerant in the chemical & pharmaceutical industry. Thus, the increasing use of liquid nitrogen equipment is supporting the low temperature bearings market.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa low temperature bearing market at a substantial CAGR during the forecast period.

Middle East & Africa Low Temperature Bearing Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Low Temperature Bearing Market Segmentation

The Middle East & Africa low temperature bearing market is segmented on the basis of type, application, material, and country. Based on type, the market is segmented into cryogenic bearings, plain bearings, rolling element bearing, jewel bearing, and others. In 2021, the rolling element bearing segment held a larger share of the market. However, the cryogenic bearings segment is expected to register a higher CAGR during the forecast period. Based on application, the Middle East & Africa low temperature bearing market is segmented into aerospace, pharmaceutical, manufacturing, and others. The aerospace segment held the largest market share in 2021 and manufacturing is expected to register the highest CAGR in the market during the forecast period. Based on material, the market is segmented into stainless steel, ceramic, bearing steel, and others. In 2021, the bearing steel segment held the largest market share. However, the stainless-steel segment is expected to register the highest CAGR during the forecast period. Based on country, the Middle East & Africa low temperature bearing market is segmented into South Africa, the UAE, Saudi Arabia, and Rest of MEA. In 2021, Saudi Arabia held a larger market share. On the other side, and the UAE is expected to register a higher CAGR during the forecast period.

SKF; Gebr. Reinfurt GmbH & Co. KG; THE TIMKEN COMPANY; NSK Europe Ltd. are among the leading companies in the Middle East & Africa low temperature bearing market.

At 5.7% CAGR, the Middle East & Africa Low Temperature Bearing Market is speculated to be worth US$ 317.00 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Middle East & Africa low temperature bearing market was valued at US$ 29.07 million in 2021 and is expected to reach US$ 38.31 million by 2028, registering an annual growth rate of 4.2% from 2021 to 2028. Emergence of self-lubricating deep groove ball bearings and uplifting demand for plain bearings.

A growing number of projects are pushing hydrogen as an energy source. Special submersible pumps are frequently used in these projects, which can reliably pump gaseous and liquid media in continuous or intermittent operation at temperatures as low as -200°C. The double bearing of the pump shaft is a significant design element in such pumps. Corrosion resistance is critical, and no other lubricant than the medium washing around the bearing can be utilized. On the other hand, this tribology is unfavorable since it lays high demands on the material pairing. Furthermore, the bearings must have a long service life even at low temperatures. NSK has designed a variety of deep groove ball bearings expressly for these extreme operating circumstances, with several critical design features that set them apart from standard pump bearings. The inner and outer rings, for example, are constructed of stainless steel designed specifically for rolling bearings. The rolling components (also composed of stainless steel) are guided by a stable cage that occupies the whole interior volume of the bearing. In contrast, the cage material, a self-lubricating fluoroplastic, allows low friction bearing operation without external lubrication. Furthermore, at speeds up to 3600 rpm, the high-performance fluoroplastic is exceptionally wear-resistant and has good low-temperature qualities. The cage is made up of two parts that are connected by stainless steel rivets. These deep groove ball bearings have a much longer service life in laboratory tests and practice than other bearings for this application, such as those with a cage constructed of strong phenolic resin. The NSK bearings come in various sizes (shaft diameters ranging from 30 to 100 mm) and are suitable for big hydrogen pumping facilities and decentralized applications, such as hydrogen filling stations. Bearings are also ideal for pumps that handle other cryogenic gases, such as nitrogen. Thus, the emerging trend of self-lubricating deep groove ball bearings for submersible pumps in cryogenic applications is likely to drive the low temperature bearings market over the forecast period.

On the contrary, heavy cost of raw material.

Based on type, the Middle East & Africa low temperature bearing market is segmented into cryogenic, bearings, plain bearings, rolling element bearing, jewel bearing, and others. The rolling element bearing segment held 53.1% market share in 2021, amassing US$ 15.45 million. It is projected to garner US$ 20.09 million by 2028 to expand at 4.1% CAGR during 2021–2028.

Based on application, the Middle East & Africa low temperature bearing market is segmented into aerospace, pharmaceutical, manufacturing, and others. The aerospace segment held 48.2% market share in 2021, amassing US$ 14.01 million. It is projected to garner US$ 18.04 million by 2028 to expand at 3.9% CAGR during 2021–2028.

Based on material, the Middle East & Africa low temperature bearing market is categorized into stainless steel, ceramic, bearing steel, and others. The bearing steel segment held 43.8% market share in 2021, amassing US$ 12.74 million. It is projected to garner US$ 16.24 million by 2028 to expand at 3.7% CAGR during 2021–2028.

Based on country, the Middle East & Africa low temperature bearing market has been segmented into South Africa, the UAE, Saudi Arabia, and Rest of MEA. Our regional analysis states that South Africa captured 45.4% market share in 2021. It was assessed at US$ 13.20 million in 2021 and is likely to hit US$ 17.21 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.

Key players dominating the Middle East & Africa low temperature bearing market are SKF; Gebr. Reinfurt GmbH & Co. KG; THE TIMKEN COMPANY; and NSK Europe Ltd. among others.

In April 2022, Timken has entered into agreement to acquire Spinea, Slovakian manufacturer. Spinea is a gears and factory automation systems manufacturing company. In April 2022, ZYS have recently done the successful trial proceed of their precision bearing intelligent production line. Contact Us

Contact Person: Sameer Joshi

Phone: +1- 646- 491- 9876

Email id: [email protected]

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Middle East & Africa Low temperature bearings Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Middle East & Africa Low Temperature Bearings Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Heighten Demand for Low Temperature Bearings Across Entire LNG (Liquified Natural Gas) Value Chain

5.1.2 Uplifting Demand for Plain Bearings

5.2 Market Restraints

5.2.1 Heavy Cost of Raw Material

5.3 Market Opportunities

5.3.1 Growing Use of Liquid Nitrogen Equipment

5.4 Future Trends

5.4.1 Emergence of Self-Lubricating Deep Groove Ball Bearings

5.5 Impact Analysis of Drivers and Restraints

6. Middle East & Africa Low Temperature Bearings Market Analysis

6.1 Middle East & Africa Low Temperature Bearings Market Overview

7. Middle East & Africa Low Temperature Bearings Market Analysis – By Type

7.1 Overview

7.2 Middle East & Africa Low Temperature Bearings, By Type

7.3 Cryogenic Bearings

7.3.1 Overview

7.3.2 Cryogenic Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Plain Bearings

7.4.1 Overview

7.4.2 Plain Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Rolling Element Bearings

7.5.1 Overview

7.5.2 Rolling Element Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Jewel Bearings

7.6.1 Overview

7.6.2 Jewel Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

8. Middle East & Africa Low Temperature Bearings Market – By Application

8.1 Overview

8.2 Middle East & Africa Low Temperature Bearings Market, By Application

8.3 Aerospace

8.3.1 Overview

8.3.2 Aerospace: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Pharmaceutical

8.4.1 Overview

8.4.2 Pharmaceutical: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Manufacturing

8.5.1 Overview

8.5.2 Manufacturing: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

9. Middle East & Africa Low Temperature Bearings Market – By Material

9.1 Overview

9.2 Middle East & Africa Low Temperature Bearings Market, By Material

9.3 Stainless Steel

9.3.1 Overview

9.3.2 Stainless Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Ceramic

9.4.1 Overview

9.4.2 Ceramic: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Bearing Steel

9.5.1 Overview

9.5.2 Bearing Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

10. Middle East & Africa Low temperature bearings Market – Country Analysis

10.1 Overview

10.1.1 MEA: Low Temperature Bearings, by Key Country

10.1.1.1 South Africa: Low Temperature Bearings – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 South Africa: Low Temperature Bearings, By Type

10.1.1.1.2 South Africa: Low Temperature Bearings Market, By Application

10.1.1.1.3 South Africa: Low Temperature Bearings Market, By Material

10.1.1.2 UAE: Low Temperature Bearings – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 UAE: Low Temperature Bearings, By Type

10.1.1.2.2 UAE: Low Temperature Bearings Market, By Application

10.1.1.2.3 UAE: Low Temperature Bearings Market, By Material

10.1.1.3 Saudi Arabia: Low Temperature Bearings – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Saudi Arabia: Low Temperature Bearings, By Type

10.1.1.3.2 Saudi Arabia: Low Temperature Bearings Market, By Application

10.1.1.3.3 Saudi Arabia: Low Temperature Bearings Market, By Material

10.1.1.4 Rest of MEA: Low Temperature Bearings – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Rest of MEA: Low Temperature Bearings, By Type

10.1.1.4.2 Rest of MEA: Low Temperature Bearings Market, By Application

10.1.1.4.3 Rest of MEA: Low Temperature Bearings Market, By Material

11. Middle East & Africa Low Temperature Bearings Market- Industry Landscape

11.1 Market Initiative

11.2 Merger and Acquisition

11.3 New Development

12. Company Profiles

12.1 SKF

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Gebr. Reinfurt GmbH & Co. KG

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 THE TIMKEN COMPANY

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 NSK Europe Ltd.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             Middle East & Africa Low temperature bearings Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             Middle East & Africa: Low Temperature Bearings, By Key Country –Revenue and Forecast to 2028 (US$ Million)

Table 3.             South Africa: Low Temperature Bearings, By Type –Revenue and Forecast to 2028 (US$ Million)

Table 4.             South Africa: Low Temperature Bearings Market, By Application –Revenue and Forecast to 2028 (US$ Million)

Table 5.             South Africa: Low Temperature Bearings Market, By Material –Revenue and Forecast to 2028 (US$ Million)

Table 6.             UAE: Low Temperature Bearings, By Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.             UAE: Low Temperature Bearings Market, By Application –Revenue and Forecast to 2028 (US$ Million)

Table 8.             UAE: Low Temperature Bearings Market, By Material –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Saudi Arabia: Low Temperature Bearings, By Type –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Saudi Arabia: Low Temperature Bearings Market, By Application –Revenue and Forecast to 2028 (US$ Million)

Table 11.          Saudi Arabia: Low Temperature Bearings Market, By Material –Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of MEA: Low Temperature Bearings, By Type –Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of MEA: Low Temperature Bearings Market, By Application –Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of MEA: Low Temperature Bearings Market, By Material –Revenue and Forecast to 2028 (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           Middle East & Africa Low Temperature Bearings Market Segmentation

Figure 2.           Middle East & Africa Low Temperature Bearings Market Segmentation – by Country

Figure 3.           Middle East & Africa Low Temperature Bearings Market Overview

Figure 4.           Middle East & Africa Low Temperature Bearings Market, by Type

Figure 5.           Middle East & Africa Low Temperature Bearings Market, by Country

Figure 6.           Middle East & Africa PEST Analysis

Figure 7.           Expert Opinion

Figure 8.           Middle East & Africa Low temperature bearings Market: Impact Analysis of Drivers and Restraints

Figure 9.           Middle East & Africa Low temperature bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        Middle East & Africa Low Temperature Bearings Revenue Share, By Type (2020 and 2028)

Figure 11.        Cryogenic Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Plain Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Rolling Element Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Jewel Bearings: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Middle East & Africa Low Temperature Bearings Revenue Share, By Application (2020 and 2028)

Figure 17.        Aerospace: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Pharmaceutical: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Manufacturing: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Middle East & Africa Low Temperature Bearings Revenue Share, By Material (2020 and 2028)

Figure 22.        Stainless Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Ceramic: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Bearing Steel: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Others: Low Temperature Bearings Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Geographic Overview of Middle East & Africa Low Temperature Bearings Market

Figure 27.        MEA: Low Temperature Bearings Revenue Share, by Key Country (2020 and 2028)

Figure 28.        South Africa: Low Temperature Bearings – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        UAE: Low Temperature Bearings – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Saudi Arabia: Low Temperature Bearings – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Rest of MEA: Low Temperature Bearings – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Middle East & Africa Low Temperature Bearing Market

● SKF

● Gebr. Reinfurt GmbH & Co. KG

● THE TIMKEN COMPANY

● NSK Europe Ltd.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa low temperature bearing market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa low temperature bearing market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the low temperature bearing market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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