Asia Pacific Low Temperature Bearing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type, Material, and Application

The low temperature bearing market in Asia Pacific is expected to grow from US$ 218.91 million in 2021 to US$ 317.00 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.

A growing number of projects is demanding 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 of stainless steel are 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 3,600 rpm, the high-performance fluoroplastic is exceptionally wear-resistant and has good low-temperature qualities. The cage has two parts 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.

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

Asia Pacific Low Temperature Bearing Market Segmentation

The Asia Pacific 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 Asia Pacific low temperature bearing market is segmented into aerospace, pharmaceuatical, 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 Asia Pacific low temperature bearing market is segmented into China, Japan, India, South Korea, Australia, and Rest of APAC. In 2021, China held a larger market share. On the other side, and it is expected to register a higher CAGR during the forecast period.

SKF; Gebr. Reinfurt GmbH & Co. KG; THE TIMKEN COMPANY; NSK Europe Ltd.; Carter Manufacturing LTD.; ZYS Bearing Research Institute Co., Ltd.; and Durofit Technologies Pvt Ltd. are among the leading companies in the Asia Pacific low temperature bearing market.