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Seismic Isolation Bearings Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Seismic Isolation Bearings Market SizeThe global market for Seismic Isolation Bearings was estimated to be worth US$ 286.3 million in 2023 and is forecast to a readjusted size of US$ 357.6 million by 2030 with a CAGR of 3.1% during the forecast period 2024-2030.
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A seismic isolation bearing is used to protect structures from earthquake damage, minimizing the disruption to people's lives and allowing business activities to continue. Base isolation is one of the most powerful tools of earthquake engineering pertaining to the passive structural vibration control technologies. The isolation can be obtained by the use of various techniques like rubber bearings, friction bearings, ball bearings, spring systems and other means. It is meant to enable a building or non-building structure to survive a potentially devastating seismic impact through a proper initial design or subsequent modifications. In some cases, application of base isolation can raise both a structure's seismic performance and its seismic sustainability considerably. Contrary to popular belief, base isolation does not make a building earthquake proof. Therefore, the demand for seismic isolation bearing is increasing day by day.
By Type
• Elastomeric Bearings
• Sliding Bearings
By Application
• Bridges
• Buildings
Key Companies
Bridgestone, CCL, Trelleborg, Granor Rubber & Engineering, Mitsubishi, VSL, Schreiber, Bridge-bearings, DS Brown, Zaoqiang Dacheng Rubber, Miska, Amscot, Fenner Precision, Mageba, Taylor Devices, RJ Watson, Inc, OILES Corporation
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