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The Mechanical Seals market size is forecast to increase by USD 1.51 billion at a CAGR of 5.66% between 2023 and 2027. The growth of the market depends on several factors, the growth in aftermarket sales, the rising adoption of renewable energy, and the promotion of environmental compliance. Furthermore more the market is also influenced by various factors including net electricity production and Eurasias electricity consumption. As industries seek cost-effective environmental compliance, there's a growing demand for alternative methods such as solar and wind energy. Mechanical seals find applications in diverse sectors including agrochemicals where equipment design and support systems play crucial roles. Additionally, industries utilize seals for aerators and sealing systems to ensure efficient operations and meet regulatory standards. Our report examines historical data from 2017 - 2021, besides analyzing the current market scenario.
Market Forecast 2023-2027
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This report extensively covers market segmentation by type (pump , compressor , and mixers ), end-user (oil and gas industries, general industries, chemicals and pharmaceuticals, water and wastewater treatment, and construction and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
The pump seals segment is estimated to witness significant growth during the forecast period. Pump are specifically designed to prevent the leakage of fluids and gases in centrifugal pumps, ensuring efficient and reliable operation. Pumps are widely used to transport fluids, and ensuring proper sealing is critical to prevent leaks, minimize product loss, and maintain operational efficiency.
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The pump seals segment was the largest segment and was valued at USD 1.70 billion in 2017. Moreover, they find application in a wide range of pump types, including centrifugal pumps, reciprocating pumps, rotary pumps, and axial flow pumps. In addition, the growing demand for pumps in a range of sectors, e.g. oil & gas, wastewater treatment, increasing the demand for high-pressure pumps and pumping machines that can be operated in rough environments is fuelling the pump seal demand. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
Based on the end-user, the segment is classified into oil and gas, general industries, chemicals and pharmaceuticals, water and wastewater treatment and construction, and others. In the oil and gas segment, are used widely in agitators and pumps. Hence, the increasing demand for equipment used in the oil and gas industry is expected to contribute to the growth of this segment. Moreover, in the oil and gas industry, are used in main oil line pumps, main oil line booster pumps, and crude export pumps, among others. Furthermore, are preferred in these applications as the usage of caustic, corrosive, abrasive, and acidic products such as polymerizing fluids and flammable gases is high. Hence, increasing investments in oil and gas production facilities and the expansion of oil and gas pipelines are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.v
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, key market trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Mechanical seal parts have short lifetimes which vary according to the type of application. To comply with Federal or Local Emission Regulations as well as in order to retain the efficiency of the process by removing leakage, they will be reprogrammed at regular intervals. The replacement or upgradation fuels the growth of the global market.
Moreover, are one of the critical components of pumps, compressors, and agitators, among others. In addition, a major share of the global mechanical seal market is based on aftermarket sales. Furthermore, most mechanical seal replacements are like for like so that the end users using cartridge seals will be able to maintain their use of cartridge seals. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.
The performance level highly relies on the quality and standards of materials used in their manufacturing. Therefore, investment in R&D to develop materials that are used for their manufacture is being increased by the machine seal manufacturers. Furthermore, besides these material improvements, there are new developments in the manufacture of coating materials that make it possible to increase the performance of rubber seals.
Moreover, diamond coating is applied to a majority of motor seal in Centrifugal pumps, to guarantee the highest performance. In addition, plasma coatings, which are less costly and offer much better performance than diamond coating, can be used as an alternative to these Diamond Coatings due to recent technological developments. Hence, such factors are positively impacting the industry.
The trned of rising electricity demand, mechanical seal manufacturers are focusing on designing cost-effective solutions that offer environmental compliance without compromising on performance. Onboard condition monitoring systems integrated enable proactive maintenance, thereby maximizing equipment uptime and capacity utilization.Therefore, it is expected to drive the industry growth during the forecast period.Therefore, it is expected to drive the industry growth during the forecast period.
Steel, silicon carbide, Tungsten Carbide, and Carbon amongst others are the most common materials employed to produce. In addition, steel has been used in the inner casing . Furthermore, the global industry for will thus be influenced by fluctuations in steel prices and their associated materials.
Moreover, the prices of these raw materials fluctuate based on various macroeconomic factors such as inflation, labor cost, and regulatory policy changes. In addition, the rising number of production facilities across various end-user industries, such as oil and gas, and pharmaceuticals, is intensifying competition among raw material suppliers. Furthermore, other factors, e.g. the price of iron ore and steel, also have a different impact on commodity prices that include macroeconomic factors. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
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APAC is estimated to contribute 45% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the industry during the forecast period. Some of the main countries in APAC that are significantly contributing to the industry growth in the region include China, India, Japan, and Australia. In addition, China, despite being the fastest-growing energy industry in the world, is witnessing a slowdown in the growth of the oil and gas industry due to the tax imposed on the oil imported from the US.
Moreover, in India, high investments in the water treatment sector are being fueled by two factors: lack of freshwater and depletion of groundwater resources. In addition, the growing population intensity is resulting in the government's inability to create sufficient infrastructure for the proper handling and treatment of wastewater. As a result, the Indian Government is increasingly resorting to the public-private partnership model with the aim of creating more wastewater treatment facilities. Hence, such factors are driving the industry growth in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
A.W. Chesterton Co: The company offers such as split , cartridge , cassette , gas , bellows , slurry , mixer agitator , and component .
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., Avon Seals Pvt. Ltd., EnPro Industries Inc., Flowserve Corp., Freudenberg and Co. KG, Hefei Supseals International Trade Co. Ltd., Hennig Gasket and Seals Inc., Leak Pack Engineering Pvt. Ltd., Meccanotecnica Umbra S.p.A., MICROTEM Srl, Ningbo BeTong Factory, PPC Mechanical Seals, Quba Seals India Pvt. Ltd., Saisi Mechanical Seal Co. Ltd., Sinoseal Holding Co. Ltd., Smiths Group Plc, Sulzer Management Ltd., and Flexaseal Engineered Seals and Systems LLC.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The power generation, play a pivotal role in ensuring the seamless operation of various power plants. These are essential components in thermal and nuclear power plants, Ultra-supercritical (USC) coal-fired units, natural gas facilities, hydroelectric dams, and geothermal energy installations. As electricity demand continues to rise globally, the reliability and efficiency of these become increasingly critical.
Sealing leakages in power generation equipment is a paramount concern for operators and engineers alike. It must withstand high pressures, extreme temperatures, and corrosive environments to prevent leaks and maintain operational integrity. Whether it's in nuclear reactors, agrochemical processing units, or oil and gas projects, the reliability directly impacts safety, environmental compliance, and overall performance.
Recent advancements in chemical technologies and materials research have led to the development of specialty chemicals and polymers specifically engineered for use. These innovations enhance seal water usage, reduce energy consumption, and improve operational dependability. Furthermore, chemical industry developments in gasket and seals manufacturing contribute to the longevity and effectiveness of mechanical seals across various industries.
The market continues to expand, driven by fast-growing end-user industries such as power generation. Major players in the industry are investing heavily in research and development to meet performance goals and operating conditions demanded by the market. Moreover, international organizations like the International Energy Agency are actively involved in setting standards and guidelines to ensure the reliability and safety of power industry applications.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Mechanical Seals Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.66% |
Market growth 2023-2027 |
USD 1.51 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.98 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 45% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A.W. Chesterton Co., Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., Avon Seals Pvt. Ltd., EnPro Industries Inc., Flowserve Corp., Freudenberg and Co. KG, Hefei Supseals International Trade Co. Ltd., Hennig Gasket and Seals Inc., Leak Pack Engineering Pvt. Ltd., Meccanotecnica Umbra S.p.A., MICROTEM Srl, Ningbo BeTong Factory, PPC Mechanical Seals, Quba Seals India Pvt. Ltd., Saisi Mechanical Seal Co. Ltd., Sinoseal Holding Co. Ltd., Smiths Group Plc, Sulzer Management Ltd., and Flexaseal Engineered Seals and Systems LLC |
Market dynamics |
Parent market analysis,Market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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