The size of Bearing Isolators Market is expected to grow at a growth rate of 6.7% for the forecast period 2021 to 2026.
A bearing insulator can be defined as a non-contact, wear-free permanent bearing protection device. The device has a rotor and a stator, which are attached to each other so that they do not come apart during operation of the device. The rotor rotates with a rotating shaft, while the stator is pressed into a bearing housing. These components interact with each other to prevent contamination of the bearings. Bearing insulators help keep lubrication inside and prevent contamination. Bearing insulators do not require lubrication or any type of shaft finishing during operation. Bearing insulators are typically bronze, which helps to use the steam lockout feature and allows free transfer of steam contamination when the equipment is rotated.
The expansion of the Bearing Insulator industry over the anticipated period of time is attributed to a large-scale awareness related to the benefits provided by the product as well as its growing popularity in oil and gas, manufacturing and processing, mining, paper and pulp, and chemicals processing. Moreover, the rapid industrialization observed around the world is expected to explain the lucrative increase in market growth over the predicted years. The massive need for lubrication due to the increasing proportion of industrial damage will result in a high demand for the product in the years to come. In addition, bearing insulators help minimize downtime costs, minimize replacement and repair costs. The growing need to prevent machinery rusting will further increase the growth of the bearing insulator industry in the years to come.
However, rising costs of speed sensors and fluctuating product costs are some of the hurdles on the market growth trajectory. The global Bearing Insulators market is expected to register significant growth during the forecast period owing to the increasing demand for insulators in various industries. In addition, bearing insulators are inexpensive and have a longer life than conventional insulators, due to which the overall bearing insulator grows at a faster rate. Industrialization and globalization are an important factor contributing to the growth of the global Bearing Insulator market. Due to the increasing proportion of industrial damage and accidents, there has been an increasing demand for lubrication and hence more preference is given to bearing insulators over lip seals which could also damage instruments. and machines. Hence, Bearing Insulators are an important part of the lubrication process which is one of the major factors driving the growth of the Global Bearing Insulators Market during the forecast period. Additionally, Bearing Insulators help reduce replacement costs, repairs, and downtime which is expected to generate revenue in the Bearing Insulator market.
In March 2017, the new Inpro / Seal VB45-S ™ bearing insulator was launched.
In January 2011, Garlock Sealing Technologies, LLC announced the launch of a new bearing insulator that incorporates shaft grounding technology.
In January 2011, the bearing insulator for flooded oil mist applications was released.
In August 2019, Garlock released FLOOD-GARD Bearing Insulators for flooded applications.
The growing demand for bearing insulation products will act as a driver for the market and the increasing demand for bearing insulators in end-use industries will also act as a growth driver for the market. Due to the increasing demand for insulators across various industries, the global bearing insulator market is expected to register significant growth during the forecast period. Industrialization and globalization are a key factor contributing to the growth of the global Bearing Insulator market. Additionally, Bearing Insulators help reduce the cost of replacement, repair and downtime which is expected to generate revenue in the Bearing Insulator market.
Instability in commodity prices will act as a constraint and further hamper the growth of the Bearing Insulator market during the forecast period mentioned above.
The introduction of high speed, high torque capacity bearing insulators is believed to stimulate the demand for high precision bearing insulators, which in turn is expected to create revenue opportunities for key players in the target market. .
Rising cost of technology related to speed sensors and inconsistent prices are some of the challenges and may pose a threat to the growth of the global market to some extent.
Bearing Isolators Market - By Material Type
Metals are expected to be the fastest growing segment of the bearing insulator market during the forecast period. The growing demand for metal bearing insulators from the chemical, oil and gas industries is one of the key factors driving the growth of the bearing insulator market globally.
Bearing Isolators Market - By End-user
Oil and gas is expected to be the fastest growing end-use industry segment of the bearing insulator market, followed by chemical processing.
Bearing Isolators Market - By Region
Middle East & Africa
The North America Bearing Insulator market is expected to grow at a high CAGR from 2021 to 2026. The growth of the North America Bearing Insulator market can be attributed to the increasing demand in different end-use industries, such as manufacturing and processing, petroleum. & gas, chemical processing, mining, etc. Asia-Pacific is expected to grow at the fastest rate as countries like India and China focus more on developing the manufacturing sector.
China, Japan and India are the main countries contributing to the high demand for bearing insulators in the Asia-Pacific region. The availability of cheap labor and raw materials in the Asia-Pacific region has made it a preferred region of major manufacturers for business expansion, making the region the growth of the Bearing Insulator market. the fastest. In addition, due to the growing awareness of the benefits of bearing insulators, there is an increase in their demand from various end-use industries such as oil and gas, chemical processing. , paper and pulp, mining, treating and manufacturing and treating metals. .
Europe and North America are likely to become lucrative regions for the bearing insulator market with increasing demand from the pharmaceutical, dairy, and food and beverage processing industries. The food grade components and stainless steel designs of the bearing isolators help eliminate the risk of contamination and product loss, meeting stringent USDA and FDA requirements. Growing availability of raw materials and cheap labor force are leading manufacturers of APAC Bearing Insulator Market to expand their business, resulting in rapid growth of the region during the forecast period.
COVID-19 is an unparalleled global public health emergency that has affected nearly every industry, so far, and the long-term effects that are expected to impact the growth of the industry over the period of forecast and caused several changes in the market scenario, mainly in the United States. , is likely to decline in some key markets as economies slow in response to the corona virus outbreak. Manufacturers remain well informed of developments taking place during the COVID-19 crisis. Companies continue to take comprehensive action to maintain the well-being of their employees and families. Major business events for companies in the Bearing Insulator market have been postponed and postponed due to the COVID-19 (corona virus) outbreak. Many manufacturers other than wastewater went online in June and are complying with government restrictions. Manufacturers of Indian Bearing Insulator Market provide constant updates on their production and business activities on their respective websites to keep their customers informed.
Garlock (EnPro Industries, Inc.)
Inpro/Seal (Waukesha Bearings Corporation)
John Crane (Smiths Group PLC)
The Timken Company
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Bearing Isolators Market, By Material Type
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Bearing Isolators Market, By End-User
6.2.2 Paper & Pulp
6.2.3 Metal Processing
6.2.4 Oil & Gas
6.2.5 Chemical Processing
6.2.6 Manufacturing & Processing
6.2.7 Market Size Estimations & Forecasts (2021-2026)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Material Type
7.2.3 By End-User
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Material Type
7.3.3 By End-User
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Material Type
7.4.3 By End-User
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By Material Type
7.5.3 By End-User
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By Material Type
7.6.3 By End-User
8. Key Player Analysis
8.1 AESSEAL plc
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Elliott Group
8.3 Flowserve Corporation
8.4 Garlock (EnPro Industries, Inc.)
8.5 Inpro/Seal (Waukesha Bearings Corporation)
8.6 IsoMag Corporation
8.7 John Crane (Smiths Group PLC)
8.8 Parker-Hannifin Corporation
8.9 SEPCO, INC.
8.10 The Timken Company
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Bearing Isolators Market By Region, From 2021-2026 ( USD Billion )
Global Bearing Isolators Market By Material Type, From 2021-2026 ( USD Billion )
Global Metallic Market By Region, From 2021-2026 ( USD Billion )
Global Non-metallic Market By Region, From 2021-2026 ( USD Billion )
Global Bearing Isolators Market By End-User, From 2021-2026 ( USD Billion )
Global Mining Market By Region, From 2021-2026 ( USD Billion )
Global Paper & Pulp Market By Region, From 2021-2026 ( USD Billion )
Global Metal Processing Market By Region, From 2021-2026 ( USD Billion )
Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )
Global Chemical Processing Market By Region, From 2021-2026 ( USD Billion )
Global Manufacturing & Processing Market By Region, From 2021-2026 ( USD Billion )