Global Seismic Isolation System Market Insights, Growth, Share, Size: By Offerings, By Application, By Material, By Region & Segmental Forecast, 2023-2031, Comparative Analysis and Trends
- Industry: Technology
- Report ID: TNR-110-973
- Number of Pages: 420
- Table/Charts : Yes
- November, 2023
- Base Year : 2024
- No. of Companies : 10+
- No. of Countries : 29
- Views : 10167
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Global Seismic Isolation System Market was Valued at USD 356.89 Mn in 2022, Growing at a CAGR of 3.9% During 2023 – 2031
Seismic isolation is a technique for shielding a structure against large earthquakes by installing isolation devices beneath the structure. Columns and beams are meant to be robust and flexible enough to withstand earthquake vibrations in the typical earthquake-resistant design. This strategy is used to design and construct the vast majority of structures. When a traditional structure is confronted to a significant earthquake, the building can escape collapse and save the lives of the people.
The number of structures protected by seismic isolation is growing all throughout the world, including both new and retrofitted structures. New technologies are being utilised for strategic and relevant constructions that required a greater level of safety. Thus the growing awareness of the importance of resilient infrastructure, especially in earthquake-prone regions, has led to a higher demand for these systems and overall growth of the global seismic isolation system market.
Global Seismic Isolation System Market Revenue & Forecast, (US$ Million), 2015 – 2031
Global Seismic Isolation System Market Challenges
There are several obstacles to implementing seismic isolation as a retrofit technique, such as strict code requirements imposed on design and the essential systems testing needed by the Uniform Building Codes (UBC-97), which are involved with every project throughout and after completion. Besides seismic isolation systems often involve higher initial costs compared to traditional construction methods. This can be a deterrent for some projects, particularly those with budget constraints and the demand specialized expertise can all hamper the growth of the global seismic isolation system market.
Report Coverage and Deliverables
The rise of seismic isolation systems for bridges is a significant development in the field of earthquake engineering and infrastructure resilience. Seismic isolation systems are increasingly being recognized as effective solutions to enhance the seismic performance of bridges and ensure the safety of both the structures and the people who use them. Bridges are critical components of transportation infrastructure, and their vulnerability to earthquakes can have severe societal and economic consequences.
For example The AirTrain Light Rail System, which serves JFK International Airport in New York, is a 10-mile bridge built to relieve traffic congestion and enhance airport access. Continuous multi-span concrete box girders supported by lead rubber bearings (LRBs) were employed in the design. The recommended strategy for securing the box girder bridge from earthquakes was seismic isolation, which proved to be the most cost-effective alternative. Thus with the rising urbanization and eclectic infrastructure will all led to the growth of the seismic isolation system market during the forecast period.
In the last few years, the frequency of earthquakes in North America has risen. The western United States, particularly California, is located in a seismically active region. The potential for strong earthquakes has led to a heightened awareness of the need to protect critical infrastructure, including bridges, buildings, and transportation networks. The U.S. is increasingly focused on enhancing infrastructure resilience to natural hazards, including earthquakes.
Thus there is rise in demand for seismic isolation systems which offer a proactive approach to minimizing damage and ensuring the functionality of critical structures. As base isolation has increased in prominence, so has the amount of research committed to designing new forms of isolation systems in the United States. Elastomeric isolators have been used in practically all isolation systems to date; ongoing research is continuing to increase the performance of these isolators. Earthquake Engineering Research Centre (EERC) has just completed a big experimental research project for isolators with nuclear reactor applications. Thus in the upcoming years the seismic isolation system market in North America region will exponentially rise.
Competitive Landscape
A few of the major players operating in the global seismic isolation system market are:
- Bridgestone Corporation
- Dynamic Isolation Systems, Inc.
- Earthquake Protection Systems.
- Freyssinet
- KURASHIKI KAKO CO., LTD.
- MAURER SE
- NIPPON STEEL ENGINEERING CO., LTD.
- OILES CORPORATION.
- Robinson Seismic Limited
- SWCC Corporation
- Taylor Devices, Inc.
- Tensacciai S.r.l.
- THK CO., LTD.
- com
- Other Industry Participants
Global Seismic Isolation System Market Report Coverage
Report Specifications | Details |
Market Revenue in 2022 | US$ 356.89 Million |
Market Size Forecast by 2031 | US$ 478.3 Million |
Growth Rate (CAGR) | 3.9% |
Historic Data | 2015 – 2021 |
Base Year for Estimation | 2022 |
Forecast Period | 2023 – 2031 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Offerings, By Application, By Material |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | Bridgestone Corporation, Dynamic Isolation Systems, Inc., Earthquake Protection Systems., Freyssinet, KURASHIKI KAKO CO., LTD., MAURER SE, NIPPON STEEL ENGINEERING CO., LTD., OILES CORPORATION., Robinson Seismic Limited, SWCC Corporation, Taylor Devices, Inc., Tensacciai S.r.l., THK CO., LTD., vinhhungjsc.com, Other Industry Participants |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
Japan (Toll-Free): – +81 663-386-8111 South Korea (Toll-Free): – +82-808- 703-126 Saudi Arabia (Toll-Free): – +966 800 850 1643 United States: +1 302-232-5106 United Kingdom: +447537105080 E-mail: askanexpert@thenicheresearch.com
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Global Seismic Isolation System Market
By Offerings
- Products
- Elastomeric Bearings
- High-Damping Rubber Bearings (HDRB)
- Lead-Rubber Bearings
- Sliding Bearings
- Isolators
- Friction Pendulum Bearings
- Dampers
- Hybrid Systems
- Others
- Services
By Application
- Buildings
- Residential
- Commercial
- Industrial
- Government
- Hospitals
- Schools
- Others
- Bridges and Transportation Infrastructure
By Material
- Rubber
- Steel
- Fiber Reinforced-polymer
- Others
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Table of Contents
Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion.
**Exclusive for Multi-User and Enterprise User.
Global Seismic Isolation System Market Segmentation
By Offerings
By Application
By Material
By Region
**Note: The report covers cross-segmentation analysis by region further into countries
The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.
Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.
Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.
Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:
- Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
- Demand Side Analysis: To gain insights into adoption trends and consumer preferences, we reach out to target customers and users (non-vendors). This information forms a vital part of the qualitative analysis section of our reports, covering market dynamics, adoption trends, consumer behavior, spending patterns, and other related aspects.
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- In-House Validation: To ensure data accuracy and reliability, we conduct cross-validation of data points and information through our in-house team of consultants and utilize advanced data modeling tools for thorough verification.
The forecasts we provide are based on a comprehensive assessment of various factors, including:
- Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
- Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
- Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
- Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
- New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
- Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
- End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
- Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
- Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.
Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.