Fluid Viscous Dampers for Construction Market Forecasts to 2030 – Global Analysis By Building Type (Bridges, High-Rise Buildings, Government Buildings, Cultural and Historical Buildings and Other Building Types), Application and By Geography

Fluid Viscous Dampers for Construction Market Forecasts to 2030 – Global Analysis By Building Type (Bridges, High-Rise Buildings, Government Buildings, Cultural and Historical Buildings and Other Building Types), Application and By Geography

According to Stratistics MRC, the Global Fluid Viscous Dampers for Construction Market is growing at a CAGR of 6.3% during the forecast period. In the construction industry, the term ""fluid viscous dampers"" refers to components that aim to reduce the effect of dynamic forces on buildings and structures, such as wind- or seismic-induced vibration. These dampers reduce structural motions and increase stability by absorbing and dissipating kinetic energy through the use of fluid viscosity. Fluid viscous dampers, which are usually included in a building's structural framework, offer a regulated resistance against oscillations, reducing the possible damage brought on by external forces.

Market Dynamics:

Driver:

Urbanization and infrastructure development

There is a growing emphasis on building larger and more intricate structures as cities grow and modernize. It becomes essential to find creative technical ways to improve the structural integrity of important infrastructure and structures. Fluid viscous dampers are essential in this situation because they may efficiently reduce the effects of dynamic forces on high-rise structures, such as wind- or seismic-induced vibrations. Fluid viscous dampers are crucial components to assure the durability, safety, and performance of buildings in a dynamic urban environment. As urbanisation increases, the requirement for resilient and sustainable construction practices becomes increasingly important.

Restraint:

Integration complexity

Meticulous planning and coordination are necessary for the effective integration of these dampers into a building's structural design, especially in the initial phases of design and construction. Fluid viscous dampers must be properly integrated with other structural components by architects and engineers, which must also take load paths, available space, and the overall aesthetics of the structure into consideration. The intricacy originates from the requirement to smoothly incorporate dampening technologies while maintaining structural integrity and architectural purpose.

Opportunity:

Technological advancements

Notable advancements in damper design and functionality have been made possible by ongoing research and development activities. The goal of these developments is to increase the fluid viscous dampers' efficacy, dependability, and affordability so that developers, engineers, and architects might find them attractive. Advanced materials science, advanced production processes, and creative design led to the creation of highly efficient reducing devices. The use of sophisticated sensors and control systems enhances the fluid viscous dampers' ability to respond to dynamic forces, ensuring outstanding efficiency in a range of building scenarios.

Threat:

Initial cost

Although fluid viscous dampers are a useful tool for reducing dynamic forces, their purchase, installation, and structural design integration can come with a substantial upfront cost. The initial financial commitment can be difficult for developers and construction companies, who can be constrained by restricted budgets, particularly in projects with strict cost concerns. When short-term financial restrictions exceed the long-term benefits of improved structural resilience, decision-makers may be swayed by this cost factor to choose more conventional or economical structural solutions.

Covid-19 Impact

Advanced dampening technologies have been impacted by disruptions in the construction sector caused by labour shortages, lockdowns, and supply chain disruptions. There may be a brief halt to the integration of fluid viscous dampers as a result of the reconsideration of construction objectives caused by project delays and financial limitations. Additionally, the pandemic's economic uncertainty may have made developers and construction companies more cautious, which may have impacted their desire to invest in more expensive structural upgrades.

The government buildings is expected to be the largest during the forecast period

Because of the crucial focus on infrastructure resilience, public safety, and adherence to strict building rules, the government buildings category had the largest share. Government buildings frequently hold essential operations and services. Some instances of these structures include administrative offices, legislative centres, and emergency response facilities. Governmental organisations prioritise structural upgrades in order to resist dynamic pressures like earthquakes and strong winds as administrators of public safety. Moreover, government rules impose strict safety criteria that are fulfilled by fluid viscous dampers, which are well-known for their effectiveness in reducing vibrations and enhancing a structure's seismic resistance.

The educational institutions segment is expected to have the highest CAGR during the forecast period

Because of the increased focus on the security and durability of educational facilities, the educational institutions sector is expected to experience profitable expansion. Schools, colleges, and universities that have sizable numbers of staff and students are essential parts of the infrastructure of the community. Strengthening these structures against potential hazards is becoming more and more important as authorities realise how vulnerable they are to seismic occurrences and other dynamic forces.

Region with largest share:

Due to a combination of factors supporting vigorous construction activities and rising awareness of structural resilience, Asia Pacific is anticipated to have the largest market share over the projection period. There has been a sharp increase in construction projects due to rapid urbanisation, population expansion, and rising infrastructure spending in nations like China, India, and Japan. Moreover, fluid viscous dampers are essential for improving the resilience of structures because of the increased construction activity and the region's vulnerability to seismic emergencies.

Region with highest CAGR:

Over the course of the projection period, Asia-Pacific is expected to have the highest CAGR. Governments around the Asia-Pacific region are realising more and more how important it is to take action to guarantee the durability and safety of infrastructure. Robust regulatory structures and increasing awareness about the potential effects of earthquakes on infrastructure highlight the significance of fluid viscous dampers in enhancing building resilience. Additionally, the Asia Pacific area has played a significant role in promoting the use of fluid viscous dampers, which is indicative of a strategic alignment with the demands of contemporary building.

Key players in the market

Some of the key players profiled in the Fluid Viscous Dampers for Construction Market include ACE Controls Inc, Dynamic Isolation Systems, Earthquake Protection Systems, Inc., Enidine Inc. (ITT Corporation), Kawakin Holdings Company Limited, KYB Corporation, KYOWA Engineering Consultants Co., Ltd., Maurer AG, Sorbothane, Inc., Structural Control Systems, Inc., Taylor Devices, Inc., Visotech AG, VSL International Ltd., Yokohama Seito Co., Ltd. and Zytech Engineering.

Key Developments:

In May 2023, REE Automotive partners with Japanese KYB to develop next-gen EV platform. The new alliance is meant to assist both businesses in creating a new, scalable electric vehicle platform to accommodate a range of automobile applications, including heavy-duty EV logistics as well as sedans, SUVs, MUVs, and last-mile delivery vehicles.

Building Types Covered:
• Bridges
• High-Rise Buildings
• Government Buildings
• Cultural and Historical Buildings
• Other Building Types

Applications Covered:
• Hospitals and Healthcare Facilities
• Educational Institutions
• Energy Infrastructure
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements