The global demand for Mechanical Seals Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2019- 2026.
Mechanical seal is used to prevent leakage of fluid through clearance between shaft and fluid container, which help sealing the rotating part of the shaft against the stationary part of the pump housing. The manufacturing materials for mechanical seals is used as per the end-user industry. Growing environmental regulation towards industrial emissions is propelling the demand for mechanical seals, which turns in, industrial shift towards adaptation of mechanical seals with advanced technologies. These are widely used in automobiles, ships, rockets, industrial pumps, compressors, residential pools, dishwashers and many more.
Rising new oil and gas exploration activities, extensive investments in refineries and pipelines, and development of mechanical seals in several industries including circulation pumps, cooling towers, hot & cold water, boiler feed, fire pumps, and booster pumps are the key factors that drive the market demand. In addition to this, rising demand of these seals in various pumps and compressors applications is expected to propel the market growth during the forecast period. Though, growing acceptance of mechanical seals by processing industries along with strengthening economic growth of developed and developing nations is anticipated to create potential opportunities for mechanical seals market in the coming year. However, increasing usage electronic seals in automated manufacturing may hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each type and end-use segment in the global market of mechanical seals.
The entire mechanical seals market has been sub-categorized into type and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End Use
- O-ring seals
- Lip seals
- Rotary seals
- Oil & gas industry
- General industry
- Chemical industry
- Water industry
- Power industry
This section covers regional segmentation which accentuates on current and future demand for mechanical seals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Mechanical Seals Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mechanical seals market include AW Chesterton Company, EagleBurgmann India Private Limited, Flowserve Corporation, Flex-a-seal, John Crane Group, Bal Seal Engineering, Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken AB, Freudenberg Sealing Technologies GmBH and Co. KG., Dana Corporation, and Telleborg Industries. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.