Industry Background:
Mechanical Seals joins the systems together and prevents the leakage. It is a leakage controlling device which is found in rotating devices like pumps and mixers to prevent leakage. It is also used to seal the passage point of rotating shaft which excludes the contamination. Moreover, the mechanical seals are arranged in the right angle to the rotational axle. These seals are used in various end use industries such as oil and gas, chemical industry, power, pharmaceuticals, food and beverage, and others. These wide range of applications are increasing the demand of mechanical seals.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Eagle Burgmann (Germany), John Crane (United States), Garlock (United States), Bungartz (Germany), AESSEAL (United Kingdom), Meccanotecnica Umbra (Italy), Sulzer (Switzerland), Oerlikon Balzers (Switzerland), Huayang (Malaysia) and Fluiten (Italy) |
CAGR | % |
This growth is primarily driven by Rising demand of energy efficient electric crepe makers and Adoption of advanced technologies are fueling the growth of mechanical seals.
Globally, a noticeable market trend is evident Rising trend of fast cooking time
. Major Manufacturers, such as Eagle Burgmann (Germany), John Crane (United States), Garlock (United States), Bungartz (Germany), AESSEAL (United Kingdom), Meccanotecnica Umbra (Italy), Sulzer (Switzerland), Oerlikon Balzers (Switzerland), Huayang (Malaysia) and Fluiten (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2018, John Crane has completed the acquisition of Seebach GmbH which is a provider of engineered filtration solution for the usage in oil and gas and other applications. This acquisition will enhance the portfolio of filtration solutions.
Market Drivers
- Rising demand of energy efficient electric crepe makers
- Adoption of advanced technologies are fueling the growth of mechanical seals
Market Trend
- Rising trend of fast cooking time
- Advancement in seal technology for dry gas
Restraints
- High initial capital required
- Fluctuating prices of oil and gas
Opportunities
Rapid industrialization is increasing the usage of mechanical seals and Increasing oil and gas industry due to rising demand of energy
Challenges
Growing concerns for non-renewable sources of energy
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Mechanical Seals Study Sheds Light on
The Mechanical Seals Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Mechanical Seals industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mechanical Seals industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.