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Spring Energized Seals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Nov 01, 2024
Length 120 Pages
SKU # FOB19326569

Description

Spring Energized Seals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Spring Energized Seals Market

The spring energized seals market size was valued at USD 2.96 billion in 2020, and the market is now projected to grow from USD 3.12 billion in 2021 to USD 4.58 billion in 2028, exhibiting a CAGR of 5.6% during the forecast period of 2021-2028.

High supply chain interruptions had significantly dropped in oil and gas demand and harmed the market. Due to the slowdown in output, the demand for gas and oil processing sealing solutions have faced major downfall. Conversely, the growing adoption of customized seals, importance of lubrication and leakage stoppage in the systems propelled the demand. The increased requirement for personal protective equipment has amplified demand for the product. Hence, the COVID-19 pandemic boosted the spring energized seals market growth.

The spring energized seals market share globally has increased because of the rising utilization of this product. Its unique design and material qualities allow design engineers a new range of alternatives for demanding appliances. The product manufacturers are always trying to offer a sustainable and scalable service for their end-users. Several small and mid-sized producers have effectively applied the customizing process for their customers. This technology facilitates sealing makers to supply customers with dependable, fitting, and long-lasting PTFE seals.

The trend is increasing acceptance of spring energized PTFE seals that is fueling the market growth. The sealing tools have been embraced by numerous businesses because of its leakage prevention functions at severe pressure and temperature. These seals are insured to reduce the attack and maintain balance when elastomeric seals fail to meet temperature range, chemical resistance and friction requirements.

Comprehensive Analysis of Spring Energized Seals Market

The spring energized seals market and machinery and equipment industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by type and application. The types include continuous contact, cantilever, helical wound, elliptical coil spring, and others. The applications involve aerospace, medical, semiconductors, oil & gas, and others.

The Asia Pacific region is conducive to the global spring energized seals market, leading to a recall of USD 1.15 billion owing to the existence of several registered & unregistered companies and rapid industrialization in enhancing the market growth.

The top players in the market play a vital role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players are SKF (AB SKF) (Gothenburg, Sweden), Trelleborg AB (Trelleborg Sweden), EnPro Industries, Inc. (Garlock GmbH) (North Carolina, U.S.), Flowserve Corporation (Texas, U.S.), Dover Corporation (Waukesha Bearings) (Illinois, U.S.), Freudenberg SE (Weinheim, Germany), John Crane (Smiths Group plc,) (Illinois, U.S.), SHV (ERIKS Group) (Utrecht, the Netherlands), Tenneco Inc. (Federal-Mogul LLC) (Illinois, U.S.), Fenner Group Holdings Limited (Hallite Seals) (Hessle, U.K.), Hi-Tech Seals (Texas, U.S.), Spareage Sealing Solutions (Mumbai, India), Globseals Africa Limited (Johannesburg, South Africa), Dickson Bearings & Transmissions Ltd (Dublin, Ireland), AESSEAL (Rotherham, U.K.), BELL D.O.O. (Slovenia, Europe), The Timken Company (Ohio, U.S.), Carl Werthenbach Konstruktionsteile GmbH & Co. KG (Niedersachsen, Germany), and Rea Hellas S.A. (Athina, Greece), these market players provide a level-playing competitive landscape.

In October 2021, SKF's launched its newly developed large sealed bearings, which are used in mining machines. It can minimize grease consumption by up to 99%. This product can last almost twice as long as existing open bearings with prolonging service life and lowering operating cost.

Segmentation Table

Global Spring Energized Seals Market Scope

ATTRIBUTE

DETAILS

Study Period

2017-2028

Base Year

2020

Estimated Year

2021

Forecast Period

2021-2028

Historical Period

2017-2019

Unit

Value (USD billion)

Segmentation

Type, Application, Region

By Type

Continuous Contact Spring

Cantilever Spring

Helical Wound Spring

Elliptical Coil Spring

Others (Flanged Seal, and others.)

By Application

Oil & Gas

Aerospace

Medical

Semiconductor

Others (Automotive, and others.)

By Region

North America (By Type, Application, Country)
  • U.S. (By Type)
  • Mexico (By Type)
  • Canada (By Type)
Europe (By Type, Application, Country)
  • U.K. (By Type)
  • Germany (By Type)
  • France (By Type)
  • Italy (By Type)
  • Spain (By Type)
  • Rest of Europe
Asia Pacific (By Type, Application, Country)
  • China (By Type)
  • Japan (By Type)
  • India (By Type)
  • Southeast Asia (By Type)
  • Rest of Asia Pacific
Middle East & Africa (By Type, Application, Country)
  • GCC (By Type)
  • South Africa (By Type)
  • Rest of the Middle East & Africa
South America (By Type, Application, Country)
  • Brazil (By Type)
  • Argentina (By Type)
  • Rest of South America
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Table of Contents

120 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19 on Spring Energized Seals Market
3.3.1. Short-term Impact
3.3.2. Long-term Impact
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Porter’s Five Forces Analysis
4.4. Global Spring Energized Seals Market Share Analysis, 2020
5. Key Market Insights and Strategic Recommendations
6. Profiles of Key Players (Would be provided for 10 players only)
6.1. Overview
6.1.1. Key Management
6.1.2. Headquarters etc.
6.2. Offerings/Business Segments
6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
6.3.1. Employee Size
6.3.2. Key Financials
6.3.2.1. Past and Current Revenue
6.3.2.2. Geographical Share
6.3.2.3. Business Segment Share
6.4. Recent Developments
7. Primary Interview Responses
8. Annexure / Appendix
8.1. Global Spring Energized Seals Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
8.1.1. By Type (USD Bn)
8.1.1.1. Continuous Contact Spring
8.1.1.2. Cantilever Spring
8.1.1.3. Helical Wound Spring
8.1.1.4. Elliptical Coil Spring
8.1.1.5. Others (Flanged Seal, etc.)
8.1.2. By Application (USD Bn)
8.1.2.1. Oil & Gas
8.1.2.2. Aerospace
8.1.2.3. Medical
8.1.2.4. Semiconductor
8.1.2.5. Others (Automotive, etc.)
8.1.3. By Region (USD Bn)
8.1.3.1. North America
8.1.3.2. Europe
8.1.3.3. Asia Pacific
8.1.3.4. Middle East and Africa
8.1.3.5. South America
8.2. North America Spring Energized Seals Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
8.2.1. By Type (USD Bn)
8.2.1.1. Continuous Contact Spring
8.2.1.2. Cantilever Spring
8.2.1.3. Helical Wound Spring
8.2.1.4. Elliptical Coil Spring
8.2.1.5. Others (Flanged Seal, etc.)
8.2.2. By Application (USD Bn)
8.2.2.1. Oil & Gas
8.2.2.2. Aerospace
8.2.2.3. Medical
8.2.2.4. Semiconductor
8.2.2.5. Others (Automotive, etc.)
8.2.3. By Country (USD Bn)
8.2.3.1. United States
8.2.3.1.1. By Type (USD Bn)
8.2.3.1.1.1. Continuous Contact Spring
8.2.3.1.1.2. Cantilever Spring
8.2.3.1.1.3. Helical Wound Spring
8.2.3.1.1.4. Elliptical Coil Spring
8.2.3.1.1.5. Others (Flanged Seal, etc.)
8.2.3.2. Canada
8.2.3.2.1. By Type (USD Bn)
8.2.3.2.1.1. Continuous Contact Spring
8.2.3.2.1.2. Cantilever Spring
8.2.3.2.1.3. Helical Wound Spring
8.2.3.2.1.4. Elliptical Coil Spring
8.2.3.2.1.5. Others (Flanged Seal, etc.)
8.2.3.3. Mexico
8.2.3.3.1. By Type (USD Bn)
8.2.3.3.1.1. Continuous Contact Spring
8.2.3.3.1.2. Cantilever Spring
8.2.3.3.1.3. Helical Wound Spring
8.2.3.3.1.4. Elliptical Coil Spring
8.2.3.3.1.5. Others (Flanged Seal, etc.)
8.3. Europe Spring Energized Seals Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
8.3.1. By Type (USD Bn)
8.3.1.1. Continuous Contact Spring
8.3.1.2. Cantilever Spring
8.3.1.3. Helical Wound Spring
8.3.1.4. Elliptical Coil Spring
8.3.1.5. Others (Flanged Seal, etc.)
8.3.2. By Application (USD Bn)
8.3.2.1. Oil & Gas
8.3.2.2. Aerospace
8.3.2.3. Medical
8.3.2.4. Semiconductor
8.3.2.5. Others (Automotive, etc.)
8.3.3. By Country (USD Bn)
8.3.3.1. U.K.
8.3.3.1.1. By Type (USD Bn)
8.3.3.1.1.1. Continuous Contact Spring
8.3.3.1.1.2. Cantilever Spring
8.3.3.1.1.3. Helical Wound Spring
8.3.3.1.1.4. Elliptical Coil Spring
8.3.3.1.1.5. Others (Flanged Seal, etc.)
8.3.3.2. Germany
8.3.3.2.1. By Type (USD Bn)
8.3.3.2.1.1. Continuous Contact Spring
8.3.3.2.1.2. Cantilever Spring
8.3.3.2.1.3. Helical Wound Spring
8.3.3.2.1.4. Elliptical Coil Spring
8.3.3.2.1.5. Others (Flanged Seal, etc.)
8.3.3.3. France
8.3.3.3.1. By Type (USD Bn)
8.3.3.3.1.1. Continuous Contact Spring
8.3.3.3.1.2. Cantilever Spring
8.3.3.3.1.3. Helical Wound Spring
8.3.3.3.1.4. Elliptical Coil Spring
8.3.3.3.1.5. Others (Flanged Seal, etc.)
8.3.3.4. Italy
8.3.3.4.1. By Type (USD Bn)
8.3.3.4.1.1. Continuous Contact Spring
8.3.3.4.1.2. Cantilever Spring
8.3.3.4.1.3. Helical Wound Spring
8.3.3.4.1.4. Elliptical Coil Spring
8.3.3.4.1.5. Others (Flanged Seal, etc.)
8.3.3.5. Spain
8.3.3.5.1. By Type (USD Bn)
8.3.3.5.1.1. Continuous Contact Spring
8.3.3.5.1.2. Cantilever Spring
8.3.3.5.1.3. Helical Wound Spring
8.3.3.5.1.4. Elliptical Coil Spring
8.3.3.5.1.5. Others (Flanged Seal, etc.)
8.3.3.6. Rest of the Europe
8.4. Asia Pacific Spring Energized Seals Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
8.4.1. By Type (USD Bn)
8.4.1.1. Continuous Contact Spring
8.4.1.2. Cantilever Spring
8.4.1.3. Helical Wound Spring
8.4.1.4. Elliptical Coil Spring
8.4.1.5. Others (Flanged Seal, etc.)
8.4.2. By Application (USD Bn)
8.4.2.1. Oil & Gas
8.4.2.2. Aerospace
8.4.2.3. Medical
8.4.2.4. Semiconductor
8.4.2.5. Others (Automotive, etc.)
8.4.3. By Country (USD Bn)
8.4.3.1. China
8.4.3.1.1. By Type (USD Bn)
8.4.3.1.1.1. Continuous Contact Spring
8.4.3.1.1.2. Cantilever Spring
8.4.3.1.1.3. Helical Wound Spring
8.4.3.1.1.4. Elliptical Coil Spring
8.4.3.1.1.5. Others (Flanged Seal, etc.)
8.4.3.2. India
8.4.3.2.1. By Type (USD Bn)
8.4.3.2.1.1. Continuous Contact Spring
8.4.3.2.1.2. Cantilever Spring
8.4.3.2.1.3. Helical Wound Spring
8.4.3.2.1.4. Elliptical Coil Spring
8.4.3.2.1.5. Others (Flanged Seal, etc.)
8.4.3.3. Japan
8.4.3.3.1. By Type (USD Bn)
8.4.3.3.1.1. Continuous Contact Spring
8.4.3.3.1.2. Cantilever Spring
8.4.3.3.1.3. Helical Wound Spring
8.4.3.3.1.4. Elliptical Coil Spring
8.4.3.3.1.5. Others (Flanged Seal, etc.)
8.4.3.4. Southeast Asia
8.4.3.4.1. By Type (USD Bn)
8.4.3.4.1.1. Continuous Contact Spring
8.4.3.4.1.2. Cantilever Spring
8.4.3.4.1.3. Helical Wound Spring
8.4.3.4.1.4. Elliptical Coil Spring
8.4.3.4.1.5. Others (Flanged Seal, etc.)
8.4.3.5. Rest of Asia Pacific
8.5. Middle East & Africa Spring Energized Seals Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
8.5.1. By Type (USD Bn)
8.5.1.1. Continuous Contact Spring
8.5.1.2. Cantilever Spring
8.5.1.3. Helical Wound Spring
8.5.1.4. Elliptical Coil Spring
8.5.1.5. Others (Flanged Seal, etc.)
8.5.2. By Application (USD Bn)
8.5.2.1. Oil & Gas
8.5.2.2. Aerospace
8.5.2.3. Medical
8.5.2.4. Semiconductor
8.5.2.5. Others (Automotive, etc.)
8.5.3. By Country (USD Bn)
8.5.3.1. GCC Countries
8.5.3.1.1. By Type (USD Bn)
8.5.3.1.1.1. Continuous Contact Spring
8.5.3.1.1.2. Cantilever Spring
8.5.3.1.1.3. Helical Wound Spring
8.5.3.1.1.4. Elliptical Coil Spring
8.5.3.1.1.5. Others (Flanged Seal, etc.)
8.5.3.2. South Africa
8.5.3.2.1. By Type (USD Bn)
8.5.3.2.1.1. Continuous Contact Spring
8.5.3.2.1.2. Cantilever Spring
8.5.3.2.1.3. Helical Wound Spring
8.5.3.2.1.4. Elliptical Coil Spring
8.5.3.2.1.5. Others (Flanged Seal, etc.)
8.5.3.3. Rest of Europe
8.6. South America Spring Energized Seals Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
8.6.1. By Type (USD Bn)
8.6.1.1. Continuous Contact Spring
8.6.1.2. Cantilever Spring
8.6.1.3. Helical Wound Spring
8.6.1.4. Elliptical Coil Spring
8.6.1.5. Others (Flanged Seal, etc.)
8.6.2. By Application (USD Bn)
8.6.2.1. Oil & Gas
8.6.2.2. Aerospace
8.6.2.3. Medical
8.6.2.4. Semiconductor
8.6.2.5. Others (Automotive, etc.)
8.6.3. By Country (USD Bn)
8.6.3.1. Brazil
8.6.3.1.1. By Type (USD Bn)
8.6.3.1.1.1. Continuous Contact Spring
8.6.3.1.1.2. Cantilever Spring
8.6.3.1.1.3. Helical Wound Spring
8.6.3.1.1.4. Elliptical Coil Spring
8.6.3.1.1.5. Others (Flanged Seal, etc.)
8.6.3.2. Argentina
8.6.3.2.1. By Type (USD Bn)
8.6.3.2.1.1. Continuous Contact Spring
8.6.3.2.1.2. Cantilever Spring
8.6.3.2.1.3. Helical Wound Spring
8.6.3.2.1.4. Elliptical Coil Spring
8.6.3.2.1.5. Others (Flanged Seal, etc.)
8.6.3.3. Rest of South America
9. List of some of the companies (to name a few and not limited to) considered in the scope for understanding the market ecosystem/value chain.
10. (Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies would be profile in the scope. However, at the same, we are open to profile additional company(s) on specific request)
11. SKF (AB SKF)
12. Flowserve Corporation
13. John Crane (Smiths Group plc.)
14. Trelleborg AB
15. EnPro Industries, Inc. (Garlock GmbH)
16. Dover Corporation (Waukesha Bearings)
17. Freudenberg SE
18. SHV (ERIKS Group)
19. The Timken Company
20. Tenneco Inc. (Federal-Mogul LLC)
21. Fenner Group Holdings Limited (Hallite Seals)
22. Hi-Tech Seals
23. Spareage Sealing Solutions
24. Globseals Africa Limited
25. AESSEAL
26. BELL D.O.O.
27. Carl Werthenbach Konstruktionsteile GmbH & Co. KG
28. Dickson Bearings & Transmissions Ltd
29. Rea Hellas S.A.

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