Global Bearing Protection Device (BPD) Market by Type (Permanent Protection, Non-permanent Protection), By Application (Oil & Gas, Chemical Processing, Mining, Paper & Pulp, Metal Processing, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global bearing protection device (BPD) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for BPDs from various end-use industries, such as oil & gas, chemical processing, mining, paper & pulp, metal processing and others. In addition, the growing awareness about the benefits of using BPDs is also contributing to the growth of this market. Based on type, permanent protection devices are expected to account for a larger share of the global bearing protection device (BPD) market than non-permanent protection devices during the forecast period. This can be attributed to their ability to provide long-term protection against damage caused by foreign objects and other contaminants present in fluids or gases used in industrial processes.



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Product Definition:

A bearing protection device (BPD) is a component used in machinery to protect bearings from damage. The BPD can be as simple as a metal shield that surrounds the bearing, or it can be an intricate system of seals and wipers that keep contaminants out and grease in. The importance of a good BPD lies in the fact that bearings are critical components for transmitting power and motion, so protecting them is essential for ensuring machine reliability.

Permanent Protection:

Permanent protection is a type of lubrication that eliminates the need for frequent oil changes. It reduces maintenance costs and helps extend equipment life by protecting critical components from wear & tear. The product also offers superior performance, reliability, and high-temperature stability to machinery operating in harsh environments.

The global bearing protection device (BPD) market size was valued at USD 2,867 million in 2016.

Non-permanent Protection:

Non-permanent protection is a type of lubricant that provides resistance to wear and tear. It has high viscosity at low temperatures, which gives it an advantage over other conventional oils. Non-permanent protection can also provide extreme pressure performance, thermal stability and corrosion resistance in harsh operating conditions.

Application Insights:

The oil & gas application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in drilling activities across all major regions coupled with growing demand for shale gas as an alternative fuel source. Furthermore, technological advancements such as downhole cameras, advanced data management systems and smart pigs are expected to drive the demand further.

In terms of revenue, mining accounted for a share of 24% in 2017 owing to rising metal prices across various commodities including copper (Cu), aluminum (Al), zinc (Zn) and nickel (Ni). Moreover, increasing investments by governments worldwide for developing new sources of mineral wealth have fueled industry expansion over the past few years.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising investments in infrastructure development, and rapid expansion of end-use industries such as oil & gas, construction, manufacturing, mining and others.

The demand for bearing protection devices in Europe is anticipated to grow at a significant rate over the forecast period owing to stringent regulations pertaining safety equipment at workplaces coupled with implementation of European Union (EU) directives. In addition, growing awareness regarding employee health & safety along with increasing spending capacity are likely to boost product demand across this region during the same period.

In North America also known as G8 nations including Canada and U.S., there was an increase in government funding for R&D activities related Bearing Protection Devices (BPDs) from USD X million per year between 2008-2009 & 2013-2014 till 2016 under Labour Productivity Delivery Unit (LPDU).

Growth Factors:

Increasing demand from the automotive industry for bearing protection devices as they help in improving the performance of bearings and extend their life cycle.
Growing awareness about the benefits of using bearing protection devices, which is helping to drive their adoption across a wide range of industries.
The increasing trend of miniaturization in various industries is leading to the development of smaller and more compact bearing protection devices that can be used in tight spaces.
Rapid advancements in technology are resulting in new and innovative bearing protection devices that offer better performance and reliability than traditional products.
The growing popularity of Industry 4.0 initiatives is encouraging companies to adopt smart Bearing Protection Devices (BPD) that can provide real-time data on the health status of bearings


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Scope Of The Report
Report Attributes
Report Details
Report Title
Bearing Protection Device (BPD) Market Research Report
By Type
Permanent Protection, Non-permanent Protection
By Application
Oil & Gas, Chemical Processing, Mining, Paper & Pulp, Metal Processing, Others
By Companies
Orion Engineered Seals, AESSEAL, PROGRESSIVE SEALING, Inpro/Seal, Timken, Parker Hannifin, Flowserve, Garlock Sealing, John Crane, Baldor Electric, Elliott Group, Advanced Sealing International, Beacon Gasket & Seals, Isomag
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.

Global Bearing Protection Device (BPD) Market Report Segments:
The global Bearing Protection Device (BPD) market is segmented on the basis of:
Types
Permanent Protection, Non-permanent Protection
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Chemical Processing, Mining, Paper & Pulp, Metal Processing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Orion Engineered Seals
AESSEAL
PROGRESSIVE SEALING
Inpro/Seal
Timken
Parker Hannifin
Flowserve
Garlock Sealing
John Crane
Baldor Electric
Elliott Group
Advanced Sealing International
Beacon Gasket & Seals
Isomag



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Highlights of The Bearing Protection Device (BPD) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Permanent Protection
Non-permanent Protection
By Application:
Oil & Gas
Chemical Processing
Mining
Paper & Pulp
Metal Processing
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Bearing Protection Device (BPD) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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