Market Overview:
The global mechanical seals market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for mechanical seals from various end-use industries, such as oil and gas, electricity, chemical industry, and others. In addition, the growing demand for energy-efficient equipment has led to an increase in adoption of mechanical seals across various regions. Furthermore, technological advancements are also propelling the growth of this market.
Product Definition:
A mechanical seal is a type of sealing device that helps to prevent the leakage of fluids, such as water and oil, from a system. Mechanical seals are important because they help to ensure that systems operate properly and without leakage.
Compressor Mechanical Seals:
Compressor mechanical seals are used in reciprocating compressors to avoid the loss of pressure in case of a fault. They are also known as main seals or base seals. Compressor mechanical seal is made up of rubber and metal, it acts as an interface between the compressor and its surroundings to prevent leakage, vacuum formation, and entry of foreign particles into the system.
Pump Mechanical Seals:
Pump mechanical seals are used in mechanical seals market to avoid the leakage of fluid at high pressure. It is a rubber or plastic material that is compressed between two surfaces and functions as an o-ring. The compression of the seal helps to create a watertight seal between two components, which makes it suitable for various applications such as hydraulic systems, centrifugal pumps, and steam turbine drives among others.
The global pump mechanical seals.
Application Insights:
The oil and gas industry led the global mechanical seals market in 2017, accounting for over 30.0% share of the total revenue. The segment is expected to witness significant growth on account of increasing production activities in Saudi Arabia, Russia, China, U.S., and Canada owing to rising demand for crude oil from emerging economies including India and China. In addition, growing investments by foreign players including France's Total S.A.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major oil & gas, power generation, petrochemicals and other industries in Asia Pacific has fueled the demand for mechanical seals across this region. China is considered as one of the largest markets for industrial machinery owing to a large number of manufacturers setting up their manufacturing facilities in this country due to low operational costs coupled with easy availability of raw materials and labor.
The growth rate observed in Asia Pacific was higher than that seen across other regions owing to rapid development witnessed by economies such as China, India, Japan etc., which are also among prominent consumers of mechanical seals across industries such as energy generation and distribution. Moreover, countries like South Korea have been witnessing strong economic growth rates since past few years on account rising end-use sectors including electronics & telecoms sector; automotive industry; construction industry etc., which has further driven product demand over last few years.
Growth Factors:
- Increasing demand from the process industries for reliable and efficient seals that can handle high-pressure and temperature fluctuations
- Growing popularity of mechanical seals in centrifugal pumps, mixers, agitators, and other equipment used in various process industries
- Rising investments by seal manufacturers in R&D to develop new technologies and products that can meet the specific needs of different industrial sectors
- Emergence of China as a key player in the global mechanical seals market due to its large population, burgeoning economy, and expanding manufacturing sector
- Proliferation of smart factories across the world that are equipped with advanced sensors and controls to optimize machine performance
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Seals Market Research Report
By Type
Compressor Mechanical Seals, Pump Mechanical Seals, Reactor Mechanical Seals, Others
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Seals Market Report Segments:
The global Mechanical Seals market is segmented on the basis of:
Types
Compressor Mechanical Seals, Pump Mechanical Seals, Reactor Mechanical Seals, Others
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 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:
- Compressor Mechanical Seals
- Pump Mechanical Seals
- Reactor Mechanical Seals
- Others
- 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 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?
Mechanical seals are devices that are used to create a watertight seal between two surfaces. They can be made from a variety of materials, including rubber, metal, and plastic. Mechanical seals are often used in applications where water or other liquids need to be kept out, such as in air conditioning systems or oil pipelines.
Some of the major players in the 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 mechanical seals market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mechanical Seals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mechanical Seals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mechanical Seals Market - Supply Chain
4.5. Global Mechanical Seals Market Forecast
4.5.1. Mechanical Seals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mechanical Seals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mechanical Seals Market Absolute $ Opportunity
5. Global Mechanical Seals Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mechanical Seals Market Size and Volume Forecast by Type
5.3.1. Compressor Mechanical Seals
5.3.2. Pump Mechanical Seals
5.3.3. Reactor Mechanical Seals
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mechanical Seals Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mechanical Seals Market Size and Volume Forecast by Application
6.3.1. Oil& Gas
6.3.2. Electricity
6.3.3. Chemical Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mechanical Seals Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mechanical Seals Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mechanical Seals Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mechanical Seals Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mechanical Seals Demand Share Forecast, 2019-2026
9. North America Mechanical Seals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mechanical Seals Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mechanical Seals Market Size and Volume Forecast by Application
9.4.1. Oil& Gas
9.4.2. Electricity
9.4.3. Chemical Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mechanical Seals Market Size and Volume Forecast by Type
9.7.1. Compressor Mechanical Seals
9.7.2. Pump Mechanical Seals
9.7.3. Reactor Mechanical Seals
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mechanical Seals Demand Share Forecast, 2019-2026
10. Latin America Mechanical Seals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mechanical Seals Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mechanical Seals Market Size and Volume Forecast by Application
10.4.1. Oil& Gas
10.4.2. Electricity
10.4.3. Chemical Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mechanical Seals Market Size and Volume Forecast by Type
10.7.1. Compressor Mechanical Seals
10.7.2. Pump Mechanical Seals
10.7.3. Reactor Mechanical Seals
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mechanical Seals Demand Share Forecast, 2019-2026
11. Europe Mechanical Seals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mechanical Seals Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mechanical Seals Market Size and Volume Forecast by Application
11.4.1. Oil& Gas
11.4.2. Electricity
11.4.3. Chemical Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mechanical Seals Market Size and Volume Forecast by Type
11.7.1. Compressor Mechanical Seals
11.7.2. Pump Mechanical Seals
11.7.3. Reactor Mechanical Seals
11.7.4. Others
11.8. Basis Point hare (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mechanical Seals Demand Share, 2019-2026
12. Asia Pacific Mechanical Seals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mechanical Seals Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mechanical Seals Market Size and Volume Forecast by Application
12.4.1. Oil& Gas
12.4.2. Electricity
12.4.3. Chemical Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mechanical Seals Market Size and Volume Forecast by Type
12.7.1. Compressor Mechanical Seals
12.7.2. Pump Mechanical Seals
12.7.3. Reactor Mechanical Seals
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mechanical Seals Demand Share, 2019-2026
13. Middle East & Africa Mechanical Seals Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mechanical Seals Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mechanical Seals Market Size and Volume Forecast by Application
13.4.1. Oil& Gas
13.4.2. Electricity
13.4.3. Chemical Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mechanical Seals Market Size and Volume Forecast by Type
13.7.1. Compressor Mechanical Seals
13.7.2. Pump Mechanical Seals
13.7.3. Reactor Mechanical Seals
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mechanical Seals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mechanical Seals Market: Market Share Analysis
14.2. Mechanical Seals Distributors and Customers
14.3. Mechanical Seals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. John Crane
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. EagleBurgmann
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Flowserve
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AESSEAL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Meccanotecnica Umbra
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. VULCAN
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Garlock
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sunnyseal
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Oerlikon Balzers
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KSB
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Colossus
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sulzer
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Flex-A-Seal
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Chesterton
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Valmet
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ekato
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Xi'an Yonghua
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Fluiten
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. James Walker
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Huayang Seals
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
