Global Mechanical Seals Market 2018-2022
About Mechanical Seals
Mechanical seals converge/connect parts of systems or mechanisms to prevent leakage of fluids. The plumbing mechanism employed by the industries determines the types of the seals required for joining the parts.
Technavio’s analysts forecast the global mechanical seals market to grow at a CAGR of 4.77% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global mechanical seals market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Mechanical Seals Market 2018-2022
Technavio recognizes the following companies as the key players in the global mechanical seals market: AESSEAL, A.W. Chesterton Company, EagleBurgmann, Flowserve Corporation, Meccanotecnica Umbra, and Smiths Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is advances in dry gas seal technology for compressors. Centrifugal process gas compressors and rotary compressors need sealing materials between the pressurized gas-containing volume and the bearing assemblies that support the compressor rotor. A wide variety of seal types are available in the market for decades and mechanical seals are one among them.”
According to the report, one driver in the market is demand from oil and gas industry. Mechanical seals are extensively used as sealing solutions for rotating equipment in the oil and gas industry. Pumps, agitators, expansion joints, and other rotating equipment are widely used in the oil and gas industry and these equipment require mechanical seals for protection against external contamination and leakage.
AESSEAL, A.W. Chesterton Company, EagleBurgmann, Flowserve Corporation, Meccanotecnica Umbra, and Smiths Group.