Mechanical Seals Market expanding at 5.2% CAGR
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.
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Scope of Mechanical Seals Market Report:
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.
Mechanical Seals Manufacturers:
John Crane, EagleBurgmann, AESSEAL, Meccanotecnica Umbra, VULCAN, Garlock, Sunnyseal, Oerlikon Balzers, KSB, Flowserve, Colossus, Sulzer, Flex-A-Seal, Chesterton, Valmet, Ekato, Xi'an Yonghua, Fluiten, James Walker, Huayang Seals, Huhnseal AB, others
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 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 Global Mechanical seals Market Segmentation –
By Product Type: Compressor Mechanical Seals, Pump Mechanical Seals, Reactor Mechanical Seals
By Application: Oil& Gas, Electricity, Chemical Industry
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.
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