Global Building Seismic Isolation System Market Size By Type of Isolation System, By Application, By End user, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Building Seismic Isolation System Market Size By Type of Isolation System, By Application, By End user, By Geographic Scope And Forecast
Building Seismic Isolation System Market Size and Forecast
Building Seismic Isolation System Market size was valued at USD 350.12 Million in 2023 and is projected to reach USD 451.73 Million by 2030, growing at a CAGR of 1.6% during the forecasted period 2024 to 2030.
Global Building Seismic Isolation System Market Drivers
The growth and development of the Building Seismic Isolation System Market is attributed to certain main market drivers. These factors have a big impact on how Building Seismic isolation System are demanded and adopted in different sectors. Several of the major market forces are as follows
- Increasing Seismic Activities The demand for efficient seismic isolation systems is driven by an increase in earthquake and seismic activity worldwide. Such technologies are more likely to be adopted in earthquake-prone areas in order to improve the safety and resilience of structures.
- tighter Building Rules and Standards To guarantee the safety of buildings in seismically vulnerable places, governments and regulatory agencies are putting into place and enforcing tighter building codes and standards. In order to comply with regulations, the construction sector is compelled to implement seismic isolation technologies.
- Growing Urbanization and Infrastructure Development The need for seismic isolation systems is exacerbated by the rapid growth of infrastructure, especially in areas that are prone to earthquakes. The demand for sophisticated seismic protection rises with the construction of more high-rise structures and essential infrastructure.
- Growing Seismic Risk Awareness Architects, engineers, and building owners are becoming more conscious of the possible harm that earthquakes might do. The development of seismic isolation devices as a preventative strategy is fueled by this growing awareness of seismic risk.
- Progress in Seismic Isolation Technologies Research and development initiatives have persistently resulted in progress in seismic isolation technologies. The construction industry finds isolation systems more appealing due to their increased effectiveness as a result of better designs, materials, and technical techniques.
- Insurance and Financial Incentives Financial institutions and insurance firms are contributing to the adoption of seismic isolation devices. Encouraging buildings with improved seismic resistance with incentives or lower insurance rates helps spread the use of these technologies.
- people Safety considerations In densely populated places especially, the safety and well-being of the general people are major considerations. Seismic isolation systems are in high demand because governments and communities are prioritizing the development of technologies that increase structures’ resistance to earthquakes.
- Global Focus on Sustainable Construction Seismic isolation systems are becoming more popular as a sustainable way to safeguard buildings against earthquakes while reducing long-term damage. This is due to the rising focus on resilient and sustainable construction methods on a global scale.
- Technological Collaboration and Partnerships The seismic isolation industry is growing as a result of partnerships and collaborations between technology providers, engineering firms, and construction organizations. These kinds of collaborations make it easier to incorporate cutting-edge technologies into construction projects.
- Growing Research and Development Expenditures As firms in the seismic isolation industry continue to invest in research and development, more effective and affordable solutions are developed, which propels market expansion.
Global Building Seismic Isolation System Market Restraints
The Building Seismic Isolation System Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are
- Expensive Initial Costs Compared to conventional construction techniques, the initial costs of establishing seismic isolation devices can be comparatively expensive. This financial barrier might deter some developers and builders from implementing these systems, particularly in areas where financial restrictions are a major issue.
- Limited Education and Awareness The broad use of seismic isolation technologies may be hindered by architects, engineers, and construction professionals’ ignorance of and lack of comprehension of these technologies. Initiatives aimed at promoting and raising knowledge of the advantages of seismic isolation systems must include education and training.
- Resistance to Change The historically conservative construction sector may show resistance to using new technologies and building techniques. Experts might be reluctant to stray from well-established procedures, which would prevent seismic isolation devices from being widely adopted.
- Perceived Installation Complexity Certain stakeholders could believe that installing seismic isolation devices requires a lot of work and effort. Adoption may be discouraged by this notion, especially in projects with constrained timetables or when schedule delays pose a risk.
- Difficulties with Maintenance and Monitoring To guarantee that seismic isolation systems continue to function properly, they need to be regularly maintained and observed. Reluctance on the part of certain building owners to finance continuous maintenance may have an effect on the systems’ long-term functionality.
- Inconsistencies in Building regulations Seismic design requirements and building regulations can differ greatly between nations and areas. When trying to apply conventional seismic isolation systems, manufacturers and developers may encounter difficulties due to inconsistent and non-uniform laws.
- Limited Opportunities for Retrofitting Installing seismic isolation systems in older buildings can be costly and logistically difficult. The building’s structure may need to be significantly altered throughout the retrofitting process, and in some circumstances, it might not be possible.
- Risk Perception and Insurance Considerations Certain stakeholders may believe that there is little chance of seismic activity where they are, which could discourage them from making the investment in seismic isolation devices. Furthermore, the lack of explicit incentives from insurance companies to implement these systems may hinder their broad adoption.
- Global Economic Factors Construction budgets and priorities may be impacted by economic downturns or uncertainties. There can be a decreased willingness to invest in cutting-edge seismic protection techniques during hard economic times.
- Protracted Decision-Making ProcessesIn the construction sector, decision-making procedures can be protracted and include a number of stakeholders. The timely implementation of seismic isolation technologies in construction projects might be impacted by delays in decision-making.
Global Building Seismic Isolation System Market Segmentation Analysis
The Global Building Seismic Isolation System Market is segmented on the basis of Type of Isolation System, Application, End user, And Region.
By Type of Isolation System
- Base Isolation Systems Apply isolators to separate the building or structure from ground motion in the event of an earthquake, such as sliders, rollers, or elastomeric bearings.
- Damping Systems These systems use components such as friction dampers, viscous dampers, or tuned mass dampers to absorb and disperse seismic energy, thereby mitigating structural vibrations.
- Hybrid systems These systems integrate various isolation technologies to offer a comprehensive and personalized solution for certain structural needs.
By Application
- Buildings Seismic isolation helps protect occupants and lessen structural damage in residential, commercial, industrial, and institutional buildings.
- Overpasses and bridges Seismic isolation in bridge constructions to improve safety and guard against damage during seismic activity.
- Historic and Cultural Heritage Sites Preserving the integrity of historic and cultural structures by safeguarding them from seismic activity.
- Critical Infrastructure To guarantee ongoing operation, seismic isolation is applied to vital buildings such as data centers, power plants, and emergency response centers.
By End-user
- Architect or designer is involved in the specification and design of seismic isolation systems as a component of the overall design of the building or infrastructure.
- Construction companies bear the responsibility of integrating seismic isolation technology into their projects while making sure they are properly integrated with the building plans.
- Public sector and government Implementing seismic isolation in public infrastructure projects to improve community safety and safeguard vital infrastructure.
- Private building owners can increase resilience without having to completely rebuild their buildings by retrofitting them with seismic isolation devices.
- Engineering consultancies These companies work closely with architects and builders to provide expertise in the design and execution of seismic isolation solutions.
By Geographically
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
Key Players
The major players in the Building Seismic Isolation System Market are
- Sumitomo Metal Mining Siporex Co., Ltd. (Japan)
- Kurashiki Kako (Japan)
- Nippon Steel & Sumikin Engineering Co., Ltd. (Japan)
- OILÉS Corporation (Japan)
- Earthquake Protection Systems (EPS) (USA)
- Bridgestone Corporation (Japan)
- Maurer AG (Switzerland)
- Tensa Ltd. (UK)
- DS Brown (USA)
- Yokohama Rubber Co., Ltd. (Japan)
- Yunnan Quakesafe Seismic Technology Co., Ltd. (China)
- SWCC SHOWA Corporation (China)
- HengShui Zhengtai (China)
- Times New Materials Co., Ltd. (China)
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED |
|
SEGMENTS COVERED | Type of Isolation System, Application, End user And Region. |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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