Increase in production of shale gas in developing and developed countries is a major factor driving the growth of the market. New oil and gas exploration activities, coupled with extensive investments in refineries and pipelines is escalating the growth of the global mechanical seals market. Moreover, introduction of new technologies is also a major element boosting the overall growth of the global mechanical seals market.
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Global Mechanical Seals Market: Restraints
Introduction of alternate methods of sealing leakages like mechanical packaging eats into the revenue share of the mechanical seals market. Furthermore, use of electronic seals in automated manufacturing units can also impede growth during the forecast period 2016-2026.
Key Players
The major players involved in the manufacturing of mechanical seals are 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, Telleborg Industries and others.
Global Mechanical Seals Market: Region-wise Outlook
The highest growth is expected to be witnessed in the Americas due to increase in adoption of mechanical seals to ensure precise and prefect sealing of pipelines. Demand for mechanical seals is anticipated to remain stable in Middle East & Africa. Asia Pacific excluding Japan (APEJ) is expected to offer growth opportunities to key players during the forecast period.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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By Segmentation:
The global mechanical seals market can be segmented on the basis of types, end use and geography.
On the basis of types, the global mechanical seals market can be segmented into
- O-ring seals
- lip seals
- rotary seals
On the basis of end use industry, the global mechanical seals market can be segmented into
- oil and gas industry
- general industry
- chemical industry
- water industry
- power industry
- others.
On the basis of region, the global mechanical seals market can be segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East and Africa (MEA)
About Mechanical Seals
Mechanical seals are those leakage control devices which are deployed on rotating equipment like mixers and pumps to avoid the leakage of liquid and gases from escaping into the environment. Mechanical seals ensure that the medium stays in the system circuit, protecting it from external contaminations reducing environmental emissions.
Mechanical seals also helps in stopping leakage in systems that contain pressure. Before mechanical seals, mechanical packaging was used; however, it wasn’t as effective as seals are.
Mechanical seals often consume energy since the frictional properties of the seal has a huge impact on the amount of power consumed by the machinery on which it is used. The four major classes of mechanical seals are traditional contact seals, cooled and lubricated seals, dry seals, and gas lubricated seals.
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The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved