Isolation Hangers Market Report Overview
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The global isolation hangers market size is expected to be USD 167.6 million in 2022 and is projected to touch USD 220.5 million by 2031, at a CAGR of 3.1% during the forecast period.
To protect two pieces of machinery or a structure from damage during operation or from any kind of natural disaster, vibration isolators are generally used to reduce vibration and noise between the two. Isolators, which provide improved protection against vibration and noise, are in great demand across a variety of application industries, including transportation, aerospace & defense, industrial, manufacturing, electronics, medical, and architectural. In the upcoming years, the market will rise due to the implementation of strict building noise and vibration laws in Europe and the rising relevance of fire safety and sustainability in North America.
Due to the increasing importance placed on the mechanical stability and balancing of industrial machinery and cars, the market is anticipated to experience a growth in demand on a global scale. An isolation system called a Vibration Control System (VCS) reacts forcefully to incoming vibrations. These devices aim to lessen friction and other interruptions by controlling vibrations in stationary or moving equipment.
COVID-19 Impact: Raw Material Prices and Lockdown Restrictions to Slower Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with isolation hangers experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
While protracted curfews brought on by the COVID-19 pandemic would have an effect on the whole construction materials industry, they are also predicted to cause near-term latency in the global isolation hangers market. The COVID-19 outbreak has presented a number of difficulties for the producers of building materials and has increased economic unpredictability worldwide. Construction equipment tire demand is declining, and manufacturers have temporarily closed their production facilities. Due to the interruption in the supply chain, this has also hindered the flow of commodities from one location to another.
LATEST TRENDS
"Urbanization and Infrastructural Development to Boost Market Growth"
The isolation hanger must also support, anchor, guide, and absorb stress for a specific weight. Additionally, insulation materials may be used in hangers used in high- or low-temperature applications. A hanger's general design arrangement may change depending on the loads and operating circumstances. The need for infrastructure services such as water supply, roads & transportation, electric and power supply, and sanitation has been greatly increased by the rapid urbanization in emerging nations. Additionally, as more people move to metropolitan areas, there is a greater need for efficient pipeline structures for the treatment of waste water, which is fueling demand for isolation hangers.
Isolation Hangers Market Segmentation
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- By Type Analysis
As per type, the market is classified into Rubber, Spring, and Others.
- By Application Analysis
Based on application, the market is categorized into Suspended Ceiling Systems or Suspended Equipment and Piping or Ductwork.
DRIVING FACTORS
"Rising Adoption in Automotive and Aviation Sector to Facilitate Market Development"
One of the main drivers of market growth is the quick development of next-generation VCS for aircraft to reduce vibration. Additionally, anti-vibration systems like bushing and mounting are employed in the automotive sector to lessen trembling. Both the efficiency of the vehicle and the component life are increased by these technologies. VCSs were first intended to be used in electrical and automotive equipment. Now that these systems are used in aerospace & defense, oil & gas, and mining & quarrying, among others. These systems protect against, among other things, the functioning of machine parts, the production of heat, wear and tear, energy loss, and cracks and breakage. They are employed in a number of sectors, including automotive, aerospace & defense, electrical & electronics, oil & gas, and healthcare. Over the course of the projected period, isolation hangers market growth is anticipated to be driven by the quickly expanding automotive and aviation sectors.
"Increasing Adoption in Industrial Sector to Foster Industry Progress"
End users prefer isolation hangers for securing piping in order to support weight loads or dead weight. Users consider these to be the best option for keeping pipes ordered and reducing the probability of undesirable events like rupturing or deadweight colliding with other things. The demand for isolation hangers is changing due to an increase in piping projects in many different industrial sectors. The implementation of strict laws and regulations by regulatory organizations to maintain proper pipeline systems so that they can sustain weight loads and prevent contamination or rupture is also anticipated to propel the expansion of the isolation hangers market.
RESTRAINING FACTORS
"High Cost and Metal Corrosion to Hinder Market Progress "
To meet end-user demands, manufacturers are concentrating on developing affordable piping support solutions such as clamps, brackets, and traditional piping support systems, which could provide a challenge to the market expansion for pipe hangers. A significant hindrance to the market's expansion is also likely to be the possibility of material corrosion.
Isolation Hangers Market Regional Insights
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"Industrialization to Propel Market Progress in Asia Pacific"
Asia Pacific held the largest isolation hangers market share. Due to significant investments in the commercial building industry, the region is predicted to have the quickest CAGR during the projected period. A substantial demand for vibration isolators will also arise in the region as a result of the ongoing industrialization in China, India, Japan, and South Korea. These machines are used in industrial applications such as mining and drilling, agriculture, and the production of heavy tools and rotaory equipment, among others.
North America is predicted to hold the majority of the market share in the vibration isolators sector due to rising investments in construction projects. Approximately USD 1.30 trillion worth of structures are built annually in the U.S., according to the Associated General Contractors of America, creating enormous prospects for market expansion.
KEY INDUSTRY PLAYERS
"Incorporation of OEM and Strategic Alliances to Improve their Brand Image"
The drapery hardware market is experiencing a rise in competition. Several significant and other key vendors are currently present in the industry, aiding in market expansion. Due to the absence of many significant participants in the window and external sealing system markets, market players are dominating these sectors. Additionally, in recent years, suppliers have been observed entering into strategic alliances with OEM to control the reliable supply of their sealing systems.
List of Market Players Profiled
- Mason Industries (U.S.)
- Eaton (Ireland)
- Carpenter & Paterson (U.K.)
- Kinetics Noise Control (U.S.)
- Cdm (U.S.)
- Ductmate (U.S.)
- Acoustical Solutions (U.S.)
- ANDRE HVAC (Canada)
- CMS Vibration Solutions (U.K.)
- Sunpower Group (U.S.)
- Nantong Juli Electric Power Machine Equipment (China)
REPORT COVERAGE
The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 167.6 Million in 2021 |
Market Size Value By |
US$ 220.5 Million by 2031 |
Growth Rate |
CAGR of 3.1% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the isolation hangers market expected to touch by 2031?
Based on our research, the isolation hangers market is projected to touch USD 220.5 million by 2031.
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What CAGR is the isolation hangers market expected to exhibit by 2031?
The isolation hangers market is expected to exhibit a CAGR of 3.1% by 2031.
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Which are the driving factors of the isolation hangers market?
Increasing adoption in the automotive and aviation industry and rising demand from the industrial sector are the factors driving the isolation hangers market.
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Which are the top companies operating in the isolation hangers market?
Mason Industries, Eaton, Carpenter & Paterson, Kinetics Noise Control, Cdm, Ductmate, Acoustical Solutions, ANDRE HVAC, CMS Vibration Solutions, Sunpower Group, Nantong Juli Electric Power Machine Equipment are the top companies operating in the isolation hangers market