About High Pressure Seals
High-Pressure Seals are the mechanical device which is used to join the high-pressure systems, in order to prevent any kind of leakage and measure pressure to make sure the smooth flow and safety of any substance. These seals are majorly made up of metals or industrial grade rubbers. These seals are not particularly used in a mechanism to control high pressures but can be also used at high as well as low temperatures. The major application of these seals are in tube couplings, pressure valves, and hydraulic pumps, and are widely used across all segments of the oil & gas industry. However, high-pressure seals are increasingly discovering its usage more in manufacturing industries. The rise in complexity of products and safety concerns will drive the market for high-pressure seals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new modifications in the existing products and collaborations as per their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a large competitive advantage through the combined synergies. Analyst at AMA Research estimates that United States, United Kingdom, France Manufacturers will contribute the maximum growth to Global High Pressure Seals market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
American High Performance Seals (United States), PERFORMANCE SEALING INC (United States), Kalsi Engineering, Inc. (United States), John Crane (United States), EagleBurgmann Germany GmbH & Co Kg (Germany), Flowserve Corporation (United States), Garlock Sealing Technologies LLC (United States), FP Paris (France), DowDuPont, Inc. (United States) and Trelleborg Sealing Solutions (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Bal Seal Engineering, Inc. (United States), France Joint (France), James Walker (United Kingdom), Parker Hannifin Corp (United States) and Gallagher Fluid Seals, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global High Pressure Seals market by Type (Plasticity Seals and Elasticity Seals), Application (Oil & Gas, Chemicals, Aerospace & Defense, Power Generation, Manufacturing and Pharmaceutical) and Region.
On the basis of geography, the market of High Pressure Seals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material Type, the sub-segment i.e. Metal will boost the High Pressure Seals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing exploration and production activities in the oil and gas industry
Market Growth Drivers:
Growing demand for high-performance seals in the aerospace industry and Growing demand for energy from emerging economies
Challenges:
Limited availability of skilled technicians for installation and maintenance
Restraints:
High cost of high-pressure seals compared to traditional seals
Opportunities:
Growing demand for high-pressure seals in the renewable energy sector and Increasing demand for high-performance seals in medical equipment and devices
Market Leaders and their expansionary development strategies
October 23, 2023 - WIKA USA, a leading provider of pressure and temperature measurement products, along with an extensive array of offerings encompassing level, force, flow, and calibration technology, is proud to announce an expanded strategic partnership with AWC, a respected automation and controls technology company headquartered in Baton Rouge, LA. This partnership marks an exciting new phase in their nearly decade-long collaboration, reflecting WIKA USA's commitment to extending its service reach and enhancing customer satisfaction.
In July 2023, Trelleborg Sealing Solutions recently launched the H2Pro range of sealing materials for every application of the hydrogen value chain, including a new ethylene propylene diene monomer (EPDM) rubber for high-pressure environments across a wide range of temperatures and a unique thermoplastic polyurethane (TPU) for very low temperatures.
Key Target Audience
Supplier/Distributor, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.