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Friction Pendulum Bearings Market Trends

  • Report ID: GMI10710
  • Published Date: Aug 2024
  • Report Format: PDF

Friction Pendulum Bearings Market Trends

The global awareness of seismic safety and the necessity for resilient infrastructure are propelling the market to new heights. With urbanization on the rise, especially in earthquake-prone areas, the demand for advanced seismic isolation technologies is surging. Friction pendulum bearings, known for their superior performance in mitigating seismic forces, are increasingly favored in both new constructions and retrofitting projects. This preference is further bolstered by stringent building codes mandating seismic resilience, compelling developers and engineers to incorporate these bearings for compliance and heightened safety.
 

Technological advancements are reshaping the friction pendulum bearings market. Innovations in materials and engineering have resulted in more efficient and durable bearings, capable of handling larger displacements and heavier loads. Consequently, their applications have expanded to encompass diverse structures, from high-rise buildings and bridges to critical infrastructure like hospitals and schools. The market is also witnessing a surge in R&D investments, aimed at enhancing the cost-effectiveness and installation convenience of these bearings. As a result, friction pendulum bearings are increasingly becoming the preferred choice for seismic isolation, solidifying their global market presence.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of friction pendulum bearings was worth about USD 1.96 billion in 2023 and is projected to grow at over 5% CAGR from 2024 to 2032, as these bearings enhance seismic resilience in buildings and infrastructure, making them crucial for constructions in earthquake-prone areas.

The single concave segment of friction pendulum bearings industry is projected to surpass USD 1.6 billion by 2032, owing to their simplicity, cost-effectiveness, and effective seismic dampening for smaller or budget-conscious projects.

In 2023, North America held 33% share in friction pendulum bearings market, bolstered by stringent building codes in high-seismic areas like California and Alaska.

Earthquake Protection Systems (EPS), FIP Industriale, Bridgestone Corporation, Mageba, Dynamic Isolation Systems (DIS), Nippon Steel Engineering Co., Ltd., Maurer SE, and Tensa.

Friction Pendulum Bearings Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 716
  • Countries covered: 21
  • Pages: 252
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