Description
Global Mechanical Pump Seal Comprehensive Market By Type (Conventional Seals, Pusher Seals & Non-pusher Seals, Balanced and Unbalanced Seals, Cartridge Seals and Others); By Industry vertical (Oil & Gas, Chemical Industry, Water Treatment & Water Supply Industry, Power, Others), By Arrangement (Single seal and Double seal); By Region (North America, Asia-pacific, Europe, Latin America and Middle-East and Africa)- Analysis of market share, size & trends for 2016-19 and forecasts to 2030
Product Overview
Mechanical pump seals are machine components, used to obstruct the leakage of a fluid, whether liquid or gaseous, by connecting structures or operations together. In other words, it restrains fluid under pressure from gushing out of the pump. Mechanical pump seals are also known as packaging materials. It is put to use in several industry verticals, such as, automobiles, industrial pumps, compressors, etc. Mechanical seals safeguard systems from outer effects and adulterations.
Market Highlights
Mechanical Pump Seal Comprehensive Market is anticipated to exceed USD 124,545.60 million by 2030 from USD 61,648.72 million in 2019 at a CAGR of 5.9% throughout the forecast period, i.e., 2020-30. The Mechanical Pump Seal Comprehensive Market is estimated to grow on the back of following reasons. The main drivers of the Mechanical Pump Seal Comprehensive Market are supportive government policies to decrease leakages in different industries, increasing demand for packaging material in several pumps & compressors and technological advancement.
Global Mechanical Pump Seal Comprehensive Market: Segments
Merits of Cartridge Seals Segment to drive the demand for Mechanical Pump Seals Market
On the basis of type, the mechanical pump seal market is segmented into conventional seals, pusher seals& non-pusher seals, balanced seals & unbalanced seals, cartridge seals and others. The cartridge seals segment is expected to grow at highest CAGR during the forecast period, owing to numerous merits like easy installation method and fewer amounts of mistakes over traditional mechanical seals. Thus, several end-users are shifting to cartridge seals thereby, boosting the demand for mechanical seals.
Global Mechanical Pump Seal Comprehensive Market: Market Dynamics
Drivers
Rise in production of shale gas
Rise in manufacturing of shale gas in emerging and advanced economies is a key factor propelling the growth of the mechanical pump seal market. Latest oil & gas expedition projects, along with ample expenditure in refineries and pipelines are boosting the growth of the global mechanical seals market. In addition to this, establishment of latest & advanced technology is a key factor spurring the overall growth of the global mechanical seals market.
Restraints
Availability of substitutes to dampen the growth
Availability of substitute techniques of sealing leakages such as Gland packaging, stuffing box and mechanical packaging consumes the revenue share of the mechanical seals market. Additionally, utilization of electronic seals in automatic-based manufacturing industries can hamper the growth during the forecast period 2020-2030.
Global Mechanical Pump Seal Comprehensive Market: Region
Asia-Pacific to grow at the highest CAGR during the forecast period
Global Mechanical Pump Seal Comprehensive Market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. Geographically, Asia-Pacific is likely to dominate the market owing to speedy globalization and industrialization in emerging countries in the region. Growth of chemical industry and water treatment & water supply industry is anticipated to fuel the overall demand for mechanical pump seal market. Moreover, concentration of large number of manufacturers in the region due to increased Foreign Direct Investment in the region is projected to accelerate the growth rate during the forecast period. North America and Europe also held a significant market share due to improvement in infrastructure and technological developments in this region.
· Key Players
· AESSEAL Plc.
• Company overview
• Business Strategy
• Key Product Offerings
• Financial Performance
• Key Performance Indicators
• Risk Analysis
• Recent Development
• Regional Presence
• SWOT Analysis
· HUTCHINSON
· A.W. Chesterton
· John Crane
· EagleBurgmann
· Flex-a-seal Inc.
· Meccanotecnica Umbra
· Federal-Mogul LLC
· Trelleborg Sealing Solution
· Flowserve Corporation
Global Mechanical Pump Seal Comprehensive Market Report also contains an analysis on:
· Mechanical Pump Seal Comprehensive Market by segment:
o By Type
▪ Conventional Seals
▪ Pusher Seals & Non-Pusher Seals
▪ Balanced & Unbalanced Seals
▪ Cartridge Seals
▪ Others
o By Industry Vertical
▪ Oil & Gas
▪ Chemical Industry
▪ Water Treatment & Water Supply Industry
▪ Power
▪ Others
o By Arrangement
▪ Single Seal
▪ Double Seal
o By Region
▪ North America
▪ Latin America
▪ Europe
▪ Asia-Pacific
▪ Middle east and Africa
· Mechanical Pump Seal Comprehensive Market Size
· Mechanical Pump Seal Comprehensive Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints
