Market Overview:
The global reactor mechanical seals market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and oil & gas across the globe. Additionally, the growing chemical industry is also expected to drive the growth of this market during the forecast period. The reactor mechanical seals market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into single end, double-sided, and multi-faceted seals. The single end seal segment is projected to lead this market duringthe forecast period owingto its low installation cost as comparedto other typesofseals.
Product Definition:
A reactor mechanical seal is a device used to prevent leakage between the rotating and stationary parts of a machine. It is important because it prevents fluid from escaping and keeps the machine running smoothly.
Single End:
Single-end is a tool that is used to seal one end of the reactor and it's used in mechanical seals market. It’s also known as 1-sided or single edge sealing tool. The single-end has two major functions, firstly, it can be used as an ordinary chisel and secondly, it can be heated up to temperature which depends on the material type which makes this chisel into a soldering iron.
Double-Sided:
Double-sided or two-sided mechanical seals are used in nuclear power plants for the purpose of preventing water leakage and leakage of other liquids. These products are manufactured using high performance materials such as silicon nitride, ceramic, zirconia and boron carbide. The product is available in different forms such as rings, discs and pads among others which cater to a wide range of applications including steam generator tubes & pipes, control rods & stirrups among others.
Application Insights:
The oil and gas industry was the largest application segment in 2016, accounting for a share of over 40%, in terms of revenue. The demand for mechanical seals is expected to increase with the growing need to protect against high pressure hydraulic fracturing fluids, muds, and gases from entering cracks around pipes. In addition, increasing investments by companies including StatoilHydro ASA (operator of Gullfaksen), RepsolSantander SA (operator of Heidrun), and Eni SPA (owner of Campo Morandi) are expected to drive product demand over the forecast period.
The electricity industry is anticipated to witness significant growth on account with rising nuclear power generation across various countries including China India U.K., U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of nuclear power plants in countries such as China, India, South Korea and Japan is anticipated to drive regional growth. In addition, increasing government initiatives for the development of nuclear energy is also likely to have a positive impact on market growth. For instance, according to IAEA statistics published in 2018; Asia has 58 reactors under construction and/or planned between 2018 and 2025.
Europe accounted for more than 20% share of global revenue in 2017 owing to high demand from end-use applications such as oil & gas (26 reactors), electricity generation (20 reactors) and others (8 reactors). However, slowdowns or even halts in reactor operations due to safety concerns are expected negatively impact product demand over the next few years.
Growth Factors:
- Increasing demand from the oil and gas industry for reliable and efficient seals
- Growing popularity of mechanical seals in centrifugal pumps
- Rising investments in research and development to improve seal technology
- Proliferation of sealing solutions across a wide range of industries
- Increasing awareness about the benefits of mechanical seals over traditional packing
Scope Of The Report
Report Attributes
Report Details
Report Title
Reactor Mechanical Seals Market Research Report
By Type
Single End, Double-Sided, Multi-Faceted
By Application
Oil& Gas, Electricity, Chemical Industry, Others
By Companies
John Crane, EagleBurgmann, Flowserve, AESSEAL, Meccanotecnica Umbra, VULCAN, Garlock, Sunnyseal, Oerlikon Balzers, KSB, Colossus, Sulzer, Flex-A-Seal, Chesterton, Valmet, Ekato, Xi'an Yonghua, Fluiten, James Walker, Huayang Seals, Huhnseal AB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Reactor Mechanical Seals Market Report Segments:
The global Reactor Mechanical Seals market is segmented on the basis of:
Types
Single End, Double-Sided, Multi-Faceted
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil& Gas, Electricity, Chemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- John Crane
- EagleBurgmann
- Flowserve
- AESSEAL
- Meccanotecnica Umbra
- VULCAN
- Garlock
- Sunnyseal
- Oerlikon Balzers
- KSB
- Colossus
- Sulzer
- Flex-A-Seal
- Chesterton
- Valmet
- Ekato
- Xi'an Yonghua
- Fluiten
- James Walker
- Huayang Seals
- Huhnseal AB
Highlights of The Reactor Mechanical Seals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single End
- Double-Sided
- Multi-Faceted
- By Application:
- Oil& Gas
- Electricity
- Chemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Reactor Mechanical Seals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Reactor mechanical seals are used to maintain the integrity of a nuclear reactor during normal operation and in the event of an accident. The seals help to prevent water, steam, oil, or other contaminants from entering the reactor vessel.
Some of the major players in the reactor mechanical seals market are John Crane, EagleBurgmann, Flowserve, AESSEAL, Meccanotecnica Umbra, VULCAN, Garlock, Sunnyseal, Oerlikon Balzers, KSB, Colossus, Sulzer, Flex-A-Seal, Chesterton, Valmet, Ekato, Xi'an Yonghua, Fluiten, James Walker, Huayang Seals, Huhnseal AB.
The reactor mechanical seals market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Reactor Mechanical Seals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Reactor Mechanical Seals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reactor Mechanical Seals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Reactor Mechanical Seals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Reactor Mechanical Seals Market Size & Forecast, 2018-2028
4.5.1 Reactor Mechanical Seals Market Size and Y-o-Y Growth
4.5.2 Reactor Mechanical Seals Market Absolute $ Opportunity
Chapter 5 Global Reactor Mechanical Seals Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Reactor Mechanical Seals Market Size Forecast by Type
5.2.1 Single End
5.2.2 Double-Sided
5.2.3 Multi-Faceted
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Reactor Mechanical Seals Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Reactor Mechanical Seals Market Size Forecast by Applications
6.2.1 Oil& Gas
6.2.2 Electricity
6.2.3 Chemical Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reactor Mechanical Seals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Reactor Mechanical Seals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Reactor Mechanical Seals Analysis and Forecast
9.1 Introduction
9.2 North America Reactor Mechanical Seals Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Reactor Mechanical Seals Market Size Forecast by Type
9.6.1 Single End
9.6.2 Double-Sided
9.6.3 Multi-Faceted
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Reactor Mechanical Seals Market Size Forecast by Applications
9.10.1 Oil& Gas
9.10.2 Electricity
9.10.3 Chemical Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Reactor Mechanical Seals Analysis and Forecast
10.1 Introduction
10.2 Europe Reactor Mechanical Seals Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Reactor Mechanical Seals Market Size Forecast by Type
10.6.1 Single End
10.6.2 Double-Sided
10.6.3 Multi-Faceted
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Reactor Mechanical Seals Market Size Forecast by Applications
10.10.1 Oil& Gas
10.10.2 Electricity
10.10.3 Chemical Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Reactor Mechanical Seals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Reactor Mechanical Seals Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Reactor Mechanical Seals Market Size Forecast by Type
11.6.1 Single End
11.6.2 Double-Sided
11.6.3 Multi-Faceted
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Reactor Mechanical Seals Market Size Forecast by Applications
11.10.1 Oil& Gas
11.10.2 Electricity
11.10.3 Chemical Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Reactor Mechanical Seals Analysis and Forecast
12.1 Introduction
12.2 Latin America Reactor Mechanical Seals Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Reactor Mechanical Seals Market Size Forecast by Type
12.6.1 Single End
12.6.2 Double-Sided
12.6.3 Multi-Faceted
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Reactor Mechanical Seals Market Size Forecast by Applications
12.10.1 Oil& Gas
12.10.2 Electricity
12.10.3 Chemical Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Reactor Mechanical Seals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Reactor Mechanical Seals Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Reactor Mechanical Seals Market Size Forecast by Type
13.6.1 Single End
13.6.2 Double-Sided
13.6.3 Multi-Faceted
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Reactor Mechanical Seals Market Size Forecast by Applications
13.10.1 Oil& Gas
13.10.2 Electricity
13.10.3 Chemical Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Reactor Mechanical Seals Market: Competitive Dashboard
14.2 Global Reactor Mechanical Seals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 John Crane
14.3.2 EagleBurgmann
14.3.3 Flowserve
14.3.4 AESSEAL
14.3.5 Meccanotecnica Umbra
14.3.6 VULCAN
14.3.7 Garlock
14.3.8 Sunnyseal
14.3.9 Oerlikon Balzers
14.3.10 KSB
14.3.11 Colossus
14.3.12 Sulzer
14.3.13 Flex-A-Seal
14.3.14 Chesterton
14.3.15 Valmet
14.3.16 Ekato
14.3.17 Xi'an Yonghua
14.3.18 Fluiten
14.3.19 James Walker
14.3.20 Huayang Seals
14.3.21 Huhnseal AB
