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  • Mechanical Seals Market to Register Growth of USD 1.09 Billion at a CAGR of 4.41% | Flowserve Corp. and Smiths Group Plc are the main suppliers | Technavio

Mechanical Seals Market to Register Growth of USD 1.09 Billion at a CAGR of 4.41% | Flowserve Corp. and Smiths Group Plc are the main suppliers | Technavio

By on February 3, 2022 0

Information on the main suppliers
The mechanical seals market is fragmented, with the presence of several regional and global players. Sellers deploy various organic and inorganic strategies to compete in the market. Suppliers offer a wide range of mechanical seals for a wide range of industries. Some of the major revenue-generating industries for the global mechanical seals market are oil and gas, water and wastewater treatment, and chemical industries. With the growth of these industries, the demand for mechanical seals is expected to increase over the forecast period.

Some of the major vendors in the market are:

  • AW Chesterton Co.
  • Aesseal Plc
  • Anhui YALAN Seal Component Co. Ltd.
  • EnPro Industries Inc.
  • Flexaseal seals and technical systems
  • Flowserve Corp.
  • Freudenberg SE
  • Leak-Pack Engineering (I) Pvt. ltd.
  • Meccanotecnica Umbra SPA
  • Smiths Plc Group

Product News and Supplier Information

  • Flowserve Corp.In January 2021the company has launched a redesigned IOT services platform allowing companies to remotely control critical aspects of operations.
  • Smiths Plc GroupThe Company is engaged in the design and manufacture of specialized electronic and radio frequency devices at the board and waveguide level, connectors, cables, test sockets and subsystems used in secure connectivity applications. high throughput and high reliability.

For details on vendor product offerings and growth strategies, Download a free sample report

Parent Market Outlook
The global mechanical seals market will be driven by factors such as increasing aftermarket sales. Our research report has extensively covered the external factors influencing the growth potential of the parent market in the coming years, which will determine the growth levels of the mechanical seals market over the forecast period.

Mechanical Seals Market Trend

The advent of additive manufacturing is one of the major drivers for the growth of the mechanical seals market share. It is mainly called 3D printing because the printing of the material is done in a series of layers such that a new layer is printed on top of the previous layer forming a 3D solid object. Additionally, the AM technique can be used to fabricate an object of any shape or geometry using digital model data from a 3D or electronic data source. Additionally, AM creates a 3D model using the Computer Aided Design (CAD) or AMF file by adding the material layer by layer. Hence, the demand for additive manufacturing techniques such as 3D printing is expected to increase in the mechanical seals market.

Geography

  • Europe
  • North America
  • APAC
  • South America
  • AEM

APAC holds the leading position with 51% of the global mechanical seal market share growth. China, Indiaand Japan are the main markets for mechanical seals in APAC. Rising investments in other key industries like chemical and energy in the APAC region are expected to drive the mechanical seals market share during the forecast period.

Get a free sample for in-depth information on major market drivers, trends, and challenges influencing the mechanical seals market

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Mechanical Seals Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 4.41%

Market Growth 2021-2025

$1.09 billion

Market structure

Fragmented

Annual growth (%)

2.97

Regional analysis

APAC, North America, Europe, MEA and South America

Successful market contribution

Asia-Pacific at 51%

Main consumer countries

China, USA, Germany, Japan and India

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

AW Chesterton Co., Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., EnPro Industries Inc., Flexaseal Engineered Seals and Systems, Flowserve Corp., Freudenberg SE, Leak-Pack Engineering (I) Pvt. Ltd., Meccanotecnica Umbra SPA and Smiths Group Plc

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Technavio
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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