17-Dec-2020 | Zion Market Research
As per Zion Market Research, the global bearing isolators market is estimated to attain USD 2.2 billion by the end of 2025, growing at a CAGR of more than 7.2% due to rising demand, augmented use in rotating equipment, and minimum malfunction rate. Furthermore, the increasing consciousness about the benefits of bearing isolators and rising demand from budding countries will ensure the strong development of the market. The metallic bearing isolators segment contributed to the major market share owing to their cost-efficiency and functional properties in various end-use industries, particularly in the oil & gas sector, therefore, serving as the main aspect that is fueling the market growth.
Some of the prominent players in the market are The Timken Company; Inpro/Seal Designs; Parker Hannifin Corporation; AESSEAL; Garlock Sealing Technologies; The Flowserve Corporation; Baldor Electric Company; John Crane; Advanced Sealing International; Elliott Group; Isomag Corporation; and Beacon Gasket & Seals Co.
High-Speed Equipment Demand To Accelerate The Growth Of Global Bearing Isolators Market
The rapidly augmenting requirement for high-speed rotating equipment and better safety characteristics is anticipated to propel the development of bearing isolators market. The demand for bearing isolators compared to lip seals due to decreased replacement repair plus downtimes costs is anticipated to boost the revenue sales in bearing isolators market. The surging number of accident cases in various industries coupled with lack of equipment competence has resulted in the rising emphasis on enhancing shafts & bearings, which in return spurs the revenue development of bearing isolators market. The launch of high-torque and high-speed competence bearing isolators is expected to drive the demand for high-accuracy bearing isolators. The metallic bearing isolators are expected to gain considerable momentum in bearing isolators market due to strict administrative policies that have been obliged in the high-speed equipment along with increasing efforts for decreasing production cycle time. Nevertheless, the rising cost of the speed sensors coupled with their associated technologies and inconsistent prices have been posing major challenges for the development of bearing isolators market.
The global bearing isolators market is bifurcated on the basis of material type, end-use industry, and regional analysis. Based on the material type, the market is divided into metallic and non-metallic. Based on the end-use industry, the market is divided into chemical processing, oil & gas, paper & pulp, mining, manufacturing & processing, and metal processing.
The North America Region Projected To Dominate The Global Bearing Isolators Market
Based on geographical analysis, the global bearing isolators market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is anticipated to dominate the bearing isolators market during 2018 with nations like the U.S. and Canada. The development of the bearing isolators market across North America is owing to the augmenting demand from various end-use industries like oil & gas, manufacturing & processing, mining, chemical processing, etc. The Asia Pacific region is predicted to develop at the fastest pace due to countries such as China and India focusing more on the advancement of the manufacturing sector.
Browse the full “Bearing Isolators Market - By Material Type (Metallic and Non-Metallic), By End-Use Industry (Chemical Processing, Oil & Gas, Paper & Pulp, Mining, Manufacturing & Processing, and Metal Processing), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/bearing-isolators-market
The global bearing isolators market is segmented as follows:
By material type:
By end-use industry:
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