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Fluid Viscous Dampers Market Size

  • Report ID: GMI10453
  • Published Date: Jul 2024
  • Report Format: PDF

Fluid Viscous Dampers Market Size

Fluid Viscous Dampers Market was valued at USD 21.4 billion in 2023 and is anticipated to grow at a CAGR of over 5% from 2024 to 2032. Fluid viscous dampers are increasingly crucial in ensuring the seismic resilience and overall safety of large-scale infrastructure projects such as bridges and high-rise buildings. There is a growing awareness and concern about public safety, particularly in urban areas prone to seismic activities. Fluid viscous dampers are essential in reducing structural damage and ensuring the safety of occupants during earthquakes.

 

The rise in urbanization and infrastructure development is driving the demand for advanced fluid viscous dampers. As cities grow and infrastructure projects become more complex, the need for reliable, effective damping solutions becomes paramount. This trend is supported by significant global urban population growth, substantial investment in infrastructure, and the ongoing construction of high-rise buildings and smart cities. Advanced damping technology, such as that provided by Taylor Devices' new high-capacity fluid viscous dampers, plays a crucial role in ensuring the safety and resilience of modern urban structures.
 

Fluid viscous dampers, while designed for durability and reliability, require periodic maintenance to ensure optimal performance, which can be complex and costly. This ongoing maintenance is essential to address wear and tear, potential leaks, and the integrity of the damper's components. Over time, the materials used in these dampers, such as the seals and viscous fluid, can degrade, especially in harsh environmental conditions like extreme temperatures or corrosive environments. This degradation can impact the damper's ability to effectively dissipate energy and reduce vibrations, ultimately affecting the reliability and efficiency of the system.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of fluid viscous dampers was worth around USD 21.4 billion in 2023 and is expected to register over 5% CAGR from 2024 to 2032, owing to their crucial role in ensuring the seismic resilience and overall safety of large-scale infrastructure projects such as bridges and high-rise buildings worldwide.

Fluid viscous dampers industry from the linear fluid viscous dampers segment is expected to reach over USD 20 billion by 2032, due to growing trend towards incorporating smart sensors and monitoring systems within linear fluid viscous dampers.

North America fluid viscous dampers industry is likely to exceed USD 15 billion by 2032, due to increasing demand for advanced seismic and vibration control solutions in various sectors in the region.

Taylor Devices, Inc., Dynamic Isolation Systems (DIS), LORD Corporation, Structural Group, Tokico (Hitachi Astemo), Larsen & Toubro Limited (L&T), and Earthquake Protection Systems (EPS), are some of the major fluid viscous dampers companies worldwide.

Fluid Viscous Dampers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 298
  • Countries covered: 21
  • Pages: 220
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