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Fluid Viscous Dampers Market Trends

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

Fluid Viscous Dampers Market Trends

Many countries face the challenge of aging infrastructure that no longer meets modern safety and performance standards. For example, in the United States, the American Society of Civil Engineers (ASCE) reports that many bridges, highways, and buildings need urgent repair and upgrading to withstand current seismic standards. To extend the lifespan and improve the safety of these structures, retrofitting with advanced damping technologies like fluid viscous dampers is essential. These dampers provide enhanced seismic protection and energy dissipation capabilities, making them ideal for upgrading old infrastructure.
 

Older buildings and infrastructure, particularly in seismically active regions, are vulnerable to earthquakes due to outdated construction methods and materials. Retrofitting these structures with fluid viscous dampers helps mitigate seismic risks by absorbing and dissipating earthquake energy, reducing structural damage and enhancing occupant safety.
 

Climate change is leading to an increase in the frequency and intensity of extreme weather events such as hurricanes, typhoons, and severe storms. These events pose significant risks to infrastructure, necessitating the adoption of robust solutions like fluid viscous dampers to mitigate potential damage. Advanced damping systems help absorb and dissipate the energy from these events, enhancing the resilience of structures?. Fluid viscous dampers are being increasingly used in regions prone to harsh environmental conditions. The ability of fluid viscous dampers to function effectively under varying environmental conditions makes them a preferred choice for enhancing infrastructure resilience?.

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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