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Middle East & Africa Low Temperature Bearing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type, Material, and Application

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    Report

  • 101 Pages
  • September 2022
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5668428
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 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.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 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 Publisher
13.2 Word Index

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • SKF
  • Gebr. Reinfurt GmbH & Co. KG
  • THE TIMKEN COMPANY
  • NSK Europe Ltd.

Table Information