Shibuya-ku, Tokyo, Japan, Japan, Jul 27, 2021, 02:33 /Comserve / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.
The bearing isolators market is estimated to be USD 1.26 billion in 2017 and is projected to reach USD 1.67 billion by 2022, at a CAGR of 5.7% from 2017 to 2022. Rising awareness about the advantages offered by bearing isolators and their growing demand from end-use industries such as oil & gas, chemical processing, mining, paper & pulp, manufacturing & processing, etc., present growth opportunities for the global bearing isolators market. The volatility of raw material prices affects the demand for metallic and non-metallic bearing isolators, which act as a key restraint to the growth of the bearing isolators market.
Based on material type, the metallic segment accounted for the largest share of the bearing isolators market in 2016. This large share can be mainly attributed to the material being cost-effective and their key functional properties, such as non-sparking and high wear resistance, which make it a preferred material, especially for the oil & gas, chemical processing, metal processing, and mining industries.
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"The Final Report will cover the impact analysis of COVID-19 on this industry: Bearing Isolators Market by Material, End-use Industry, and Region - Global Forecast to 2022
Oil & gas is the largest end-use industry segment of the bearing isolators market. Bearing isolators have proven to be the optimum solution for bearing failure, and to increase the Mean Time Between Repair (MTBR) and the reliability of rotating equipment in the oil & gas industry. Hence, there is a high demand for bearing isolators from the oil & gas end-use industry segment.
North America is expected to lead the bearing isolators market during the forecast period. The growth of the North America bearing isolators market can be attributed to the rising demand for bearing isolators from end-use industries such as oil & gas, chemical processing, mining, manufacturing & processing, etc. The bearing isolators market in North America is expected to grow at a high CAGR from 2017 to 2022.
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"The Final Report will cover the impact analysis of COVID-19 on this industry: Bearing Isolators Market by Material, End-use Industry, and Region - Global Forecast to 2022
Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 25%, Tier 2 – 35% and Tier 3 – 40%
• By Designation: C Level – 25%, D Level – 25%, and Others – 50%
• By Region: Asia Pacific – 40%, Europe – 25%, North America – 22%, Middle East & Africa – 8%, and South America – 5%
Furthermore, as part of the qualitative analysis, the research provides a comprehensive review of the market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by various market players such as Inpro/Seal (US), The Timken Company (US), Aesseal (UK), Parker Hannifin (US), Flowserve Corporation (US), Garlock Sealing Technologies (US), John Crane (US), Baldor Electric Company, Inc., (US), Elliott Group (US), Advance Sealing International (US), Beacon Gasket & Seals Co. (US), IsoMag Corporation (US), etc.
Reasons to buy the report:
The report will help market leaders/new entrants in this market by providing them the closest approximations of revenues of the bearing isolators market and its subsegments. This report will also help stakeholders better understand the competitor landscape, gain more insights to position their businesses better and make suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 STAKEHOLDERS 17
1.6 LIMITATIONS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primary interviews 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 DATA TRIANGULATION 24
2.4 ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE BEARING ISOLATORS MARKET 31
4.2 BEARING ISOLATORS MARKET, BY MATERIAL TYPE 32
4.3 BEARING ISOLATORS MARKET, BY END-USE INDUSTRY AND MATERIAL TYPE 33
4.4 BEARING ISOLATORS MARKET, BY END-USE INDUSTRY 34
4.5 BEARING ISOLATORS MARKET: DEVELOPING VS DEVELOPED NATIONS 34
4.6 BEARING ISOLATORS MARKET GROWTH 35
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