- Report ID: BMRC 1028 | Number of pages: 200 | Publish Date: Apr 2020
Status: Published | Category: Healthcare | Delivery Timeline:
"Mechanical seals Market is valued at USD 3.2 Billion in 2018 and expected to reach USD 4.6 Billion by 2025 with the CAGR of 5.2% over the forecast period."
Factors such as transition from packing to mechanical seals, adoption of mechanical seals in pumps and compressors and increase in acceptability of mechanical seals by processing industries are driving the Mechanical Seal market growth.
The device that helps to join systems or mechanisms together by preventing leakage, excluding contamination, or containing pressure is known as the Mechanical Seal. Adhesion in case of sealants and compression in the case of gaskets shows the effectiveness of a seal. It is one type of a method of containing fluid within a vessel typically in pumps, mixers etc. in which a rotating shaft passes through a stationary housing.
A basic mechanical seal contains three sealing points in which the stationary part is fitted to the pump housing with a static seal this may be sealed with O-ring compressed between the stationary part and the pump housing. The rotary part of the seal is sealed onto the shaft usually with an O ring and the mechanical seal itself is the interface between the static and rotary portions of the seal. one part of the seal either is static or rotary and is always resiliently mounted and spring loaded to put up any small shaft deflection.
The mechanical seal market is segmented into product type and application. On the basis of product type the market is segmented into compressor mechanical seals, pump mechanical seals and reactor mechanical seals. On the basis of application, the market is segmented into Oil& Gas, electricity and chemical industry.
The regions covered in this Mechanical seals Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Hall Effect Sensor is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Increase in Applications of Mechanical Seals in Processing Industries is driving the Global Mechanical Seals Market.
Various industrial applications in different sectors such as automotive, HVAC, agriculture, food and beverages, mining, water and wastewater industries are witnessed in growing demands of mechanical seals. From these applications the HVAC is main application which increases the demand of Mechanical Seals. This is due to the increasing adoption of HVAC technologies in residential, industrial and commercial applications. Also the set of the applications in chemical industries and water and wastewater are encouraging the demand in emerging economies and is also the important driver of the market. Moreover increasing demand for mechanical seals across various pumps and compressors applications is driving the growth of the market. On the other hand increasing installations of mechanical seals instead of packing in order to reduce power consumption and to enhance life of bearings is another major factor which is boosting the growth of the market. Furthermore the use of an electronic seals in automated manufacturing can also hamper the market growth in the forecast period.
Asia Pacific is dominating the Mechanical Seals Market.
Geographically, the Asia Pacific region is dominating the mechanical seal market and maintains its dominance for the forecast period. This is due to the region has rapid industrialization in developing countries such as China, South Korea and Japan. Expansion of the chemical processing and waste & wastewater industries is also propelling the demand for mechanical seals in Asia Pacific region.
Moreover the North America and Europe has significant share in the mechanical seals market due to the region have infrastructural development and advancements in HVAC industries, which is contributing in the growth of the market in this region. Also the Middle East is expected to increase the growth of the market in this region.
Key Benefits for Global Mechanical seals Market Reports –
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
By Product Type: Compressor Mechanical Seals, Pump Mechanical Seals, Reactor Mechanical Seals
By Application: Oil& Gas, Electricity, Chemical Industry
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Mechanical seals Market 2020 By Product Type (Compressor Mechanical Seals, Pump Mechanical Seals, Reactor Mechanical Seals), By Application (Oil& Gas, Electricity, Chemical Industry) Forecast to 2025