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)
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)
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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.
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)
- 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