Seismic Friction Damper Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The Seismic Friction Damper Market was valued at approximately USD 3.2 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2028. This growth is driven by increasing infrastructure development and a heightened focus on enhancing building safety and resilience against seismic events. The market's expansion is supported by rising investments in retrofit projects and the adoption of advanced seismic technologies in both emerging and developed regions.
Opportunities in the market are particularly notable in Asia-Pacific and Latin America, where rapid urbanization and infrastructural advancements are prevalent. Emerging markets are expected to contribute significantly to the overall growth, fueled by governmental policies and incentives aimed at improving seismic safety standards. Furthermore, ongoing research and technological advancements in damper systems present promising prospects for market players to innovate and capture additional market share.
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QuakeTek
Damptech
KLA CONST. TECHNOLOGIES PVT. LTD.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Seismic Friction Damper Market
Building
Bridges
Others
Based on Types the Market is categorized into Below types that held the largest Seismic Friction Damper market share In 2023.
T Shape
Rectangle
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Seismic Friction Damper Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Seismic Friction Damper Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Seismic Friction Damper Market, By Type
6. Global Seismic Friction Damper Market, By Application
7. Global Seismic Friction Damper Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Seismic Friction Damper Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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