Bearing Isolators Market Scope
Bearing isolator is based on a simple, unitized, two-piece design normally manufactured in chemically resistant PTFE and it is a non-contact, non-wearing, permanent bearing protection device. The product range consists of a complete family of complementary designs that provides outstanding performance for virtually any application. The bearing isolator is featured an internal lip seal, again offering benefits of zero leakage and zero-entry of contaminants, this projected the growth of the bearing isolator market in the forecast period.
According to AMA, the Global Bearing Isolators market is expected to see growth rate of 5.4% and may see market size of USD1631.0 Million by 2026.
The Bearing Isolators market is fragmented as there are many players in the market. They are focusing on research and development activities to launch a new range of products and expand their presence worldwide. The companies are also planning strategic activities like merger & acquisition activities which will enhance their market presence and maintain an ist competitive edge.The Manufacturers having a strong hold in the market are Inpro/Seal, The Timken Company, Aesseal, and Parker Hannifin. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Bearing Isolators market throughout the predicted period.
Inpro/Seal (United States), The Timken Company (United States), Aesseal (United Kingdom), Parker Hannifin (United States), Flowserve Corporation (United States), Garlock Sealing Technologies (United States), John Crane (United States), Baldor Electric Company, Inc., (United States), Elliott Group (United States), Advance Sealing International (United States) and ELESA S.p.A. (Italy) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Beacon Gasket & Seals Co. (United States) and IsoMag Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Bearing Isolators market by Type (Metallic and Non-metallic) and Region with country level break-up.
On the basis of geography, the market of Bearing Isolators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 15th July 2019, Garlock has launched FLOOD-GARD Bearing Isolators, which offer the proven performance of Garlock bearing isolators for flooded applications. The patent-pending seal design provides bearing protection even in the most challenging flooded environments, extending the life of rotating equipment such as gearboxes, pumps, and motors.
On 22nd April 2021, Elesa launched new ranges of wire rope isolators, spring mounts, and cushions. New Elesa ranges of stainless steel damping elements offer different designs for different jobs – AVC wire rope isolators are suitable for low-frequency damping with high deflections.
Market Trend
- Rapidly Increasing Globalization and Industrialization
Market Drivers
- Rising Demand of the Isolator in Oil and Gas Sector
- Increasing Demand for Bearing Isolators From Developing Nations
- Rapidly Increasing need for Improved Safety Features of Bearing Isolators
Opportunities
- Rising Use of Bearing Isolators in High-speed Rotating Equipment Globally
- Low Failure Rate of Bearing Isolators
Restraints
- High Cosy Associated with Bearing Isolators
Key Target Audience
Bearing Isolators Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other