Global Mechanical Seals Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Mechanical Seals Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global mechanical seals market report has been segmented on the basis of product type, end-use industry, and region.

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Global Mechanical Seals Market: Overview

Mechanical seal helps to avoid leakage of fluid through clearance between shaft and fluid container. Seal rings can sustain mechanical force generated by springs or bellows, and hydraulic force generated by process fluid pressure. Mechanical seals are majorly used in automobiles industry, ships, rockets, industrial pumps, compressors, residential pools, dishwashers, etc.

Global Mechanical Seals Market: Dynamics

Increasing demand for mechanical seals across various pumps and compressors applications is a key factor expected to drive growth of the global market over the forecast period.

In addition, rising preference towards installation of mechanical seals instead of packing in order to reduce power consumption and enhance life of bearings is another factor expected to boost growth of the target market over the forecast period.

Moreover, increasing acceptance of mechanical seals by processing industries is another factor expected to further fuel growth of the target market over the forecast period.

Furthermore, development of mechanical seals in circulation pumps, cooling towers, hot & cold water, boiler feed, fire pumps, and booster pumps in HVAC industry is another factor expected to propel growth of the global market over the forecast period.

However, availability of substitute methods for sealing leakages such as use of gaskets in water and wastewater management plants to stop leakage of water is a key factor expected to restrain growth of the global market.

In addition, rising adoption of electronic seals in automated manufacturing units is another factor expected to hamper growth of the target market over the forecast period.

Global Mechanical Seals Market: Segment Analysis

Among the product type segments, the cartridge seals segment is expected to register significant growth in terms of revenue over the forecast period, owing to lower maintenance costs and reduce seal setting errors.

Among the end-use industry, the oil & gas segment is expected to register significant growth in terms of market share over the forecast period, owing to rising adoption of mechanical seals in oil & gas industry for saving fluid losses, downtime, seals, and maintenance work.

Mechanical seals are used in harsh conditions such as well drilling, fresh water distribution, lift stations, and wastewater treatment in water & wastewater industry.

Global Mechanical Seals Market: Regional Analysis

The market in Asia Pacific is expected to register significant growth in the global market in terms of revenue over the forecast period, owing to rapidly growing industries across developing economies in the region such as Japan, China, and South Korea.

In addition, increasing development in chemical processing and waste & wastewater industries is another factor expected to support growth of the market in this region over the forecast period.

The markets in North America and Europe are expected to significant market share of the global mechanical seals market over the forecast period, owing infrastructural development and on-going advancements in HVAC industry across various countries in this region.

The growth of the market in Middle East is expected increase, owing to expansion of oil& gas industry in this region.

Global Mechanical Seals Market Segmentation:

Segmentation by product type:

Split Seals
Cartridge Seals
Cassette Seals
Dry Gas Seal
Others (Slurry Seals, Bellows Seals, etc.)

Segmentation by end-use industry:

Oil and Gas Industry
Chemical Industry
Water Industry
Energy Sector
Others