Market Leader - Bearing Isolators Market
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. The rising demand for bearing isolators due to their superior properties such as contamination and lubrication leakage protection and high demand in oil & gas, chemical processing, mining, metal processing, and manufacturing & processing industries are the key factors driving the bearing isolators market globally. Companies 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), and IsoMag Corporation (US) are some of the leading players in this market.
Key market players adopted the strategy of new product launches to cater to the demand for bearing isolators from several end-use industries for various applications.
In March 2017, Inpro/Seal launched the new Inpro/Seal VB45-S Bearing Isolator. This new bearing isolator is designed to increase equipment reliability through permanent bearing protection and provides durable bearing protection to rotating equipment with premium protection against contamination and lubrication loss. With this development, the company has further strengthened its product portfolio of bearing isolators.
In March 2017, Aesseal launched the new LabTecta TP designed for the protection of tilting pad bearings. This new labyrinth bearing protector offers benefits such as the non-contact design that ensures no wear to the shaft or sleeve, prevention from water and dust ingress (to IP66), and functions as a maintenance-free bearing protection for tilting pad bearings. With this, the company has strengthened its product portfolio of bearing isolators.
Moreover, in February 2017, Aesseal launched the LabTecta M (Flush Mount Electric Motor Design) for use in electric motors requiring flush mounted bearing isolators due to the limited outboard space device. This new labyrinth bearing protector offers benefits such as a non-contact design that ensures no wear to the shaft or sleeve, prevention from water and dust ingress (to IP66), and functions as a maintenance-free bearing protection for tilting pad bearings.
In March 2016, Garlock Sealing Technologies launched GUARDIAN XL bearing isolator, ideal for use in pulp & paper mills, mining operations, steel mill rollers, overhead cranes, and power generation. This isolator is installed in pumps, motors, and other bearing-supported industrial equipment. It is available in both, flanged and flangeless designs. The strategy of new product launches enabled the company to enhance its market presence and widen its customer base.
Related Reports:
Bearing Isolators Market by Material Type (Metallic and Non-Metallic), End-use Industry (Oil & Gas, Chemical Processing, Mining, Paper & Pulp, Metal Processing, and Manufacturing & Processing), and Region - Global Forecast to 2022
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