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Fluid Viscous Dampers Market by Type (Linear fluid viscous dampers, Rotary fluid viscous dampers, Mixed fluid viscous dampers), by Application (Buildings, Bridges and viaducts, Industrial facilities, Others), by End-User (Construction industry, Oil & gas industry, Power generation industry, Others), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, ANZ, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Fluid Viscous Dampers Market was valued at USD 21.4 Billion in 2023 and is projected to reach USD 30.11 Billion by 2032, with an expected CAGR of 5% during the forecast period. The Fluid Viscous Dampers sector emphasizes the creation and implementation of damping systems that utilize fluid, usually oil or a thick liquid, to absorb and dissipate kinetic energy produced by vibrations or movements within structures. These dampers are mainly utilized in structures, bridges, industrial equipment, and earthquake-proof constructions to lessen the effects of dynamic forces like wind, seismic events, or machinery vibrations. The market is fueled by the increasing need for energy-efficient, dependable, and affordable solutions to improve the stability and safety of infrastructure, especially in areas vulnerable to earthquakes or severe weather events. Fluid viscous dampers are gaining popularity due to their capacity to deliver efficient damping while requiring little maintenance and featuring a compact design. The increasing emphasis on sustainable building practices and the requirement for refurbishing and enhancing older structures and bridges to endure dynamic forces is driving market growth. Moreover, progress in damper technology, including better fluid materials and design improvements, is boosting their efficiency and longevity. With the ongoing increase in global urbanization and infrastructure development, the Fluid Viscous Dampers market is projected to see significant growth in the near future.
The market is fragmented, with key players accounting for less than 50% of the market share. Major market characteristics include continuous innovation, stringent regulations, and a high level of M&A activity.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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