The Global Seismic Isolation Systems market has been experiencing steady growth graph since past years. During the 2017-2023 timeline, the global market for Seismic Isolation Systems is expected to reflect increase in the revenue growth. In 2018 the global Seismic Isolation Systems market was valued at US$ 328 Million and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 394 Million growing at a value CAGR of 3.08% throughout the period of forecast.
Global Seismic Isolation Systems Market: Market Driver and Restraint
Applications of Seismic Isolation Systems are anticipated to create new business segments in the market. Seismic Isolation Systems is the system used to reduce the effects of earthquake ground shaking on structure, their components and protect them from damaging. The system decouples the building or structure from the horizontal components of the ground motion by interposing structural elements with low horizontal stiffness between the structure and the foundation. This gives the structure a fundamental frequency that is much lower than both its fixed-base frequency and the predominant frequencies of the ground motion.
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Global Seismic Isolation Systems Market: Key Takeaways
- Apart from protecting structures from seismic activities, base isolation also protects them from GSA blast loads as the ability to move reduces the overall impact of the blast on the structures.
- Base isolated structures are predictable, hence reliability of them is very high as compared to conventional structural components.
Global Seismic Isolation Systems Market: Forecast by Application
This segment includes buildings, bridges and others. In terms of volume, buildings segment is expected to remain dominant in the global Seismic Isolation Systems market.
Global Seismic Isolation Systems Market: Forecast by Form
Form segment consists of Elastomeric Isolator and Sliding Isolator and others. Elastomeric Isolator segment has the largest market share of 80% in 2017.
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Global Seismic Isolation Systems Market: Forecast by Region
The Major consumption regions of seismic isolation systems are Japan and China, which accounting for about 80 % of sales in total. China is the largest sales region (sales volume share 41.72% in 2017). Seismic Isolation Systems product demand is in a certain space, and the main consumer countries are located in Circum Pacific seismic belt. The market is relatively mature in Japan because the technology has applied to the country for many years. The market in China has grown fast since the Wenchuan earthquake in 2008.
Global Seismic Isolation Systems Market: Key Players
Yunnan Quakesafe Seismic, SWCC SHOWA, Earthquake Protection Systems, OILES CORPORATION, NIPPON STEEL & SUMIKIN ENGINEERING CO., LTD, Kurashiki Kako, Maurer AG, Bridgestone, Mageba and Tokyo Fabric Industry Co., Ltd, are the key vendors included in this report.
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