Research Reports

Automotive & Transportation

icon
icon
Home » Reports » Mechanical Seals Market
Market Research Report

Mechanical Seals Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Published On : December, 2018 REP-ID-543 Category: Automotive & Transportation

Mechanical Seals Market Overview

Mechanical seals is defined as a leakage controlling device, that are found on rotating equipment such as pumps and mixers to prevent the leakage of liquids and gases. The mechanical seals help sealing the rotating part of the shaft against the stationary part of the pump housing. Mechanical seals are widely used by various industries such as oil and gas, chemical industry and others.

Market Size and Forecast

The global mechanical seals market is expected to grow at a CAGR of 9.2% over the forecast period i.e. 2017-2024. Further, mechanical seals market is anticipated to reach exponential revenue globally by 2024. Further, the market is growing on the back of various factors such as growing oil and gas industry coupled with rising demand for advanced seals form wastewater industry.

Mechanical Seals Market Size

On the basis of end-use-industry, the global mechanical seal market is segmented into oil and gas , chemical industry , water and wastewater industry , power industry, pharmaceutical, mining and minerals, food and beverage and others. Among these segments, with 30.1% share, the oil and gas industry accounted for the largest segment of overall mechanical seals market in 2016 and is projected to witness a notable CAGR during the forecast period. Moreover, water and wastewater industry segment is believed to grow at a tremendous pace by the end of 2024.

On the basis regional platform, with 42.8% share, Asia-Pacific region captured the biggest market of mechanical seals in 2016. Moreover, Asia-Pacific region is anticipated to continue its dominance over the forecast period. This region is most lucrative market across the globe owing to emerging economies such as India and China. In addition to this, rapid industrialization on the back of positive GDP figure is paving a positive wave for the growth of mechanical seals market. Additionally, growing oil and gas industry owing to rising energy demand is envisioned to bolster the growth of mechanical seals market.

North America and Europe regions mechanical seals market is anticipated to capture significant share in the global mechanical seals market. In North America region, U.S. is the dominating country owing to new gas exploration activities coupled with on-going research and development in the field of mechanical seals. Apart from this, Western Europe countries such as Germany, U.K. and others are major countries contributing in the market of mechanical seals. Further, Middle East and Africa is also projected to show noteworthy CAGR owing to presence of large oil and gas industry.

Market Segmentation

Our in-depth analysis segmented the global mechanical seals market in the following segments:

By Product Type

  • Split Seals​
  • Cartridge Seals
  • ​Cassette Seals
  • Dry Gas Seal
  • Bellows Seals
  • Slurry Seals
  • ​Mixer S​​​​eals
  • Component Seals
  • Others

By End-Use-Industry

  • Oil and Gas
  • Chemical industry
  • Water and Wastewater industry
  • Power Industry
  • Pharmaceutical
  • Mining and Minerals
  • Food and Beverage
  • Others

Mechanical Seals Market Share

By Region

Global mechanical seals market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Turkey, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea, Malaysia and Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, Israel, North Africa, South Africa, Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Factors such as increasing usage of mechanical seals by various industry such as oil and gas, water and wastewater industry and others is believed to foster the growth of mechanical seals market by the end of 2024. Moreover, continuous advancement in mechanical seals by major key vendors in order to fulfill the demand is also predicted to foster the growth of mechanical seals. Furthermore, heavy investment in pipelines and refineries in major countries is one the major factor bolstering the market of mechanical seals across the globe.

Additionally, robust growing of industrial sector along with strengthening economic growth of developed and developing nations is envisioned to flourish the growth of mechanical seals market. Moreover, rise in production of shale gas is also believed to augment the demand for mechanical seals.

Although, presence of other alternatives such as mechanical packaging and increasing usage electronic seals in automated manufacturing are anticipated to hamper the growth of mechanical seals market.

Key players

The major key players for mechanical seals are as follows

  • AESSEAL plc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • A.W. Chesterton Company
  • EagleBurgmann
  • Flowserve Corporation
  • Flex-A-Seal, Inc.
  • John Crane
  • Avon Seals Private Limited
  • TREM Engineering SC
  • PPC Mechanical Seals
  • Meccanotecnica Umbra S.p.A.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global mechanical seals market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By End-Use-Industry Market Size & Y-O-Y Growth Analysis
  • By By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

key Key Answers

 

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

RELATED REPORTS

Delivery Center

Ansal Corporate Park, Plot no 7A/1,
Tower A1,
Sector 142 Noida., 201301 India
info@researchnester.com

US Office

77 Water Street 8th Floor,
New York, New York, 10005
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com


UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Subscribe To Our Newsletters

Copyright © 2018 Research Nester. All rights reserved

Top