The global seismic protection device market size is anticipated to reach USD 3,161 million in 2024. It is projected to grow at a CAGR of 3.9% during the forecast period to reach a value of USD 4,635.2 million by 2034.
The industry is emphasizing on the development and implementation of advanced materials in seismic protection devices. Consumers generally prefer the use of materials like fiber-reinforces composites, shape memory alloys, and high-performance damping materials as they can offer improved performance, flexibility, and durability compared to conventional materials.
The seismic protection device industry is progressively adapting smart technologies and internet of things (IoT) to enhance detection of natural disaster and protection. These technologies are gaining traction in the market as they can assist in providing real-time monitoring, analysis, and remote control capabilities.
| Attributes | Description |
|---|---|
| Estimated Global Seismic Protection Device Market Size (2024E) | USD 3,161 million |
| Projected Global Seismic Protection Device Market Value (2034F) | USD 4,635.2 million |
| Value-based CAGR (2024 to 2034) | 3.9% |
There is an ongoing trend of retrofitting existing structures with seismic protection devices. Several countries across the globe have an aging infrastructure that needs to be upgraded to withstand the naturally occurring seismic events. Retrofitting of such structures assists in improving the resilience of these structures without having the need to completely reconstruct the monument.
A proactive and resilient infrastructure planning considers seismic protection from the early stages of design and construction. This approach often involves integrating seismic protection measures into the infrastructure development process including urban planning, building design, and construction.
Seismic protection devices are also being integrated with structural health monitoring systems to provide real-time data on the structural integrity of buildings and infrastructure. These systems help users in early detection of damage, predictive maintenance, and enhances the safety and reliability of structures.
Sustainability is gaining traction in the industry. Consumers are posing a rising demand for eco-friendly and energy-efficient solutions that can minimize the environmental impact without compromising on the performance and safety.
Seismic protection has been conventionally limited to seismically active region, however, with the increasing awareness and expansion in developing regions, government authorities are recognizing the importance of investing in seismic protection system to ensure the safety of their infrastructure.
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The table showcases the anticipated CAGR for the global seismic protection device market over semi-annual periods ranging from 2023 to 2024. The analysis provides companies with a better understanding of the growth over the year by divulging crucial shifts in performance and growth patterns of the industry. The first half (H1) of 2023 spans from January to June. The second half or H2 includes July to December.
Figures presented in the table present the growth rate for each half from 2023 to 2024. The industry is anticipated to grow at a CAGR of 3.1% in the first half (H1) of 2023. The second half of the same year is predicted to experience a substantial surge in the CAGR at 4.5%.
| Particular | Value CAGR |
|---|---|
| H1 | 3.1% (2023 to 2033) |
| H2 | 4.5% (2023 to 2033) |
| H1 | 3.4% (2024 to 2034) |
| H2 | 4.4% (2024 to 2034) |
Moving in the subsequent period, from H1 2024 to H2 2034, the CAGR is estimated to dip to 3.4% in the first half (H1) and then rise to 4.4% in the second half (H2). In the first half (H1) and the second half (H2), the market is anticipated to witness an increase of 30 BPS each.
Stringent Building Regulations and Increasing Investments in Infrastructure to Foster Demand
Government authorities across the globe are implementing strict regulations regarding construction of structures, especially in the seismic prone areas. These rules often mandate the implementation of seismic protection measures, further driving the demand for seismic protection devices.
Both developed and developing countries are increasingly investing in infrastructure development projects, thereby contributing to growth in the industry.
Government authorities and private sectors are recognizing the prominence of investing in their country’s infrastructure. With the rising instances of natural disasters across the globe in the last few years, authorities are making sure to incorporate devices that can effectively withstand seismic events and minimize the impact of natural disasters on human life and economy.
Insurance and Risk Management coupled with Government Initiatives and Funding to Augment Expansion
Risk management agencies and insurance companies are likely to play a crucial role in augmenting the sales of seismic protection devices. This is because insurers usually incentivize or require the deployment of seismic protection measures to decrease potential losses and liabilities associated with natural disasters.
Government initiatives aimed at enhancing the resilience and disaster preparedness is likely to contribute to the rising demand for seismic protection device market. Incentives, funding, and other kinds of financial support provided by governments is likely to encourage the adoption of these technologies.
High Manufacturing Costs and a Complex Retrofitting Process Likely to Restrain Growth
Seismic protection devices have a high manufacturing cost that can act as a significant barrier to expansion. Compliance with stringent regulations that mandate the use of high quality materials and advanced technologies is likely to surge the cost of these devices.
Affordability becomes a prominent challenge especially for small sized organizations having limited budgets or regions with economic constraints.
Retrofitting existing structures with seismic protection devices can be costly and complex as these processes require proper analysis, expert engineering, and sometimes cause disruptions to ongoing operations.
Challenges like structural compatibility, accessibility, and cost-effectiveness are likely to limit growth. This is likely to persist in regions having numerous aging structures.
Principal Consultant
The global seismic protection device industry was valued at USD 2,858.9 million in 2019. It grew at a CAGR of 1.7% during the historical period to reach a size of USD 3,058.1 million in 2023.
Growth of the market during the historical period was driven by the rising awareness regarding seismic risks and stringent building regulations. The industry witnessed steady growth during the period as government authorities and organizations prioritized resilience of the infrastructure.
The industry is anticipated to reach USD 3,161 million by 2024 and is further predicted to grow at a CAGR of 3.9% during the forecast period. It is estimated to reach USD 4,635.2 million by 2034.
Advancements in technology including smart and IoT enables devices are likely to play a significant role in shaping the dynamics. Governments of several countries are progressively retrofitting existing structures and integrating structural health monitoring in buildings.
The industry is expanding beyond traditional seismic regions and encompassing the developing regions as well.
Tier 1 segment comprises of companies with a revenue of above USD 100 million. These organizations capture a significant share ranging between 20% to 25% in the global market. These players are distinguished by high manufacturing capacity and an extensive product portfolio.
These leaders are differentiated based on their expertise in manufacturing and a broad geographical reach that is underpinned by a robust consumer base. Well-known businesses within Tier 1 include Mageba, SWCC Showa Holdings Co., Ltd., Freyssinet and OILES CORPORATION.
Tier 2 businesses include mid-size players with revenue ranging between USD 100 million and USD 10 million. These organizations have a presence in particular regions with a market share ranging between 15% to 20% and highly impact the local industry.
Companies in this segment are characterized by a robust presence overseas and a extensive industry knowledge. These players have access to good technology and ensure regulatory compliance. Renowned enterprises in tier 2 include Kawakin Core-Tech Co., LTD, Fip Industriale SpA, Taylor Devices, MAURER SE., THK CO., LTD and others players.
Tier 3 companies have a total annual revenue of less than USD 10 million. They are estimated to hold a market share ranging between 55% to 60%. These are small-scale enterprises that typically cater to the local demands and operate within the limited geographical presence.
Companies in Tier 3 are generally a part of a less formal sector compared to businesses in Tier 1 and Tier 2 and are therefore characterized by a lack of extensive organization. Notable companies in Tier 3 include Earthquake Protection Systems (EPS), Tozen Corporation, GERB Schwingungsisolierungen GmbH & Co. KG , Inc., Dynamic Isolation Systems (DIS).
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The section offers organizations with an overview of the industry. It consists a detailed examination of the emerging trends and opportunities on a country-by-country basis. This country-specific analysis of the dynamics of the industry is anticipated to assist businesses in understanding the complex nature of the industry.
The analysis consists of key factors, potential challenges, and forecasts impacting the demand, production, and consumption of the industry within each country. This section aims to help companies in making informed decisions and developing strategies customized to individual countries.
United Kingdom is estimated to dominate the country-wise growth in the industry during the assessment period with a predicted CAGR of 3.6%. Germany, the United States, and France are projected to follow behind the United Kingdom to become the leading countries in the industry with forecasted CAGRs of 3.1%, 3.1%, and 2.7%, respectively.
| Country | CAGR, 2024 to 2034 |
|---|---|
| United Kingdom | 3.6% |
| Germany | 3.1% |
| United States | 3.1% |
| France | 2.7% |
| China | 2.4% |
The United States seismic protection device market is estimated to grow at a CAGR of 3.1% during the assessment period. The country has several regions that experience significant seismic activity, including the Intermountain West, West Coast, and the New Madrid Seismic Zone.
These areas are prone to earthquakes which makes the incorporation of seismic protection measures crucial.
The country has strict building regulations that govern seismic design and construction practices. For instance, the International Building Code (IBC) provides guidelines and requirements for structures in seismic zones. Enforcement of such codes by the authorities further fuels the sales of seismic protection devices that perfectly comply with the prescribed safety standards.
India is located in a seismically active region and has several earthquake-prone zones across the nation. This high level of seismicity is likely to create a significant demand for seismic protection devices in order to mitigate potential risks to buildings and infrastructure. India has an extensive local market for these devices, thereby making the country an attractive location for international vendors.
India has a high number of existing structures that were constructed way before the emergence of modern seismic design practices.
Retrofitting these structures with seismic protection devise is a cost-effective way to improve their resilience. With the increasing awareness regarding the importance of retrofitting coupled with government initiatives that encourages the implementation of such devices, there demand for seismic protection devices is estimated to surge.
Japan is located in one of the most seismically active regions in the world, popularly known as the Pacific Ring of Fire. The country therefore witnesses frequent earthquakes, for instance the Great East Japan Earthquake in 2011. Increased seismic activity in the region necessitates the implementation of robust seismic protection measures, resulting in an increased demand for seismic protection devices.
The population of the country has a high level of awareness and preparedness for seismic events extending to individuals, communities, and organizations. As a result, the country has a robust emphasis on seismic resilience, resulting in a greater demand for seismic protection devices to protect lives and property.
The section offers organizations with insightful data and analysis of the two leading segments. Segmentation of these categories is predicted to help companies in understanding the dynamics of the industry and investing in beneficial zones.
Analysis of the growth is projected to help businesses in gaining a thorough understanding of the trends, opportunities, and challenges. This examination is anticipated to assist organizations in navigating the complex environment of the business world and making informed decisions.
Dampers are predicted to emerge as a dominating product type with a value share of 63% in 2024. By application, infrastructure is estimated to lead with a value share of 36.3% in the same year.
| Segment | Dampers (Product Type) |
|---|---|
| Value Share (2024) | 63% |
Dampers are estimated to emerge as the leading product type with a value share of 63% in 2024. Dampers absorb and dissipate energy during an earthquake thereby reducing the seismic forces transmitted to a structure.
These devices assist in controlling the buildings response to seismic shaking, limiting deformations and preventing severe structural damage. Rising awareness of their effectiveness and benefits is estimated to the increase their demand to enhance seismic performance of buildings and other infrastructure.
| Segment | Infrastructure (Application) |
|---|---|
| Value Share (2024) | 36.3% |
Rapid urbanization in earthquake-prone areas necessitates the construction of resilient infrastructure like bridges, dams, and high-rise buildings. This drives the demand for advanced seismic protection technologies to ensure structural integrity during natural disasters.
Stringent mandates on construction enforced across the globe require the integration of seismic protection measures in retrofitting of existing structures and the construction of new building, thereby boosting demand.
Integration for smart technologies and IoT enables devices allow for real-time monitoring and data analysis, thereby making it easier to implement effective protective strategies. Government authorities invest in seismic protection solutions as the economic impact of earthquakes and other natural disasters can be substantial, thereby fostering expansion.
Key players in the industry include THK CO., LTD, SWCC Showa Holdings Co., Ltd., OILES CORPORATION, Kawakin Core-Tech Co., LTD, Bridgestone, and Tozen Corporation. The industry is filled with specialized manufacturers that focus on specific types of seismic protection devices or niche areas.
Few companies specialize in manufacturing base isolation systems while others are focused on developing high-performance dampers or shock absorbers. These manufacturers have an in-depth expertise in their product lines and also cater to specific consumer requirements.
Industry Updates
Product type is segmented into dampers, seismic joints, and isolators.
Residential, infrastructure, commercial, and industrial are the applications.
The industry is spread across North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and the Middle East and Africa.
The market is estimated to reach USD 3,161 million in 2024.
The industry is predicted to reach a size of USD 4,635.2 million by 2034.
THK CO., LTD, SWCC Showa Holdings Co., Ltd., OILES CORPORATION, Kawakin Core-Tech Co., LTD, Bridgestone, and Tozen Corporation.
Seismic protection is basically protecting buildings and other structures from being severely affected by natural disasters like earthquakes.
They are instruments used to record the motion of ground during natural disasters.
It is estimated to experience a CAGR of 3.9% during the assessment period.
United Kingdom is projected to dominate with a CAGR of 3.6% during the forecast period.
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Seismic Protection Device Market
