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Global Mechanical Seals Market - Industry Analysis 2015-2019

Global Mechanical Seals Market - Industry Analysis 2015-2019

Market outlook of the global mechanical seals market

Mechanical seals are widely used in the oil and gas, chemical, water and wastewater, and power industries as they prevent leakage of industrial contaminants as well as corrosion and fatigue that can reduce the efficiency and cycle life of the equipment. They also play a crucial role in the production and transportation process in the oil and gas industry, making it a significant end-user of this market. The global mechanical seals market is expected to grow at a CAGR of over 9% during the forecast period.

The discovery of shale gas production also plays a significant role in boosting the demand for mechanical seals, as it has triggered oil production and exploration activities, especially in the US. Similarly, even modern hydrocarbon processing plants require highly reliable seals to limit the leakage of fluids. Therefore, these developments will bode well for the market growth during the forecast period.

Segmentation of the mechanical seals market by end-user

Oil and gas

General industries

Chemical

Water

Power

Others

The oil and gas industry is the largest revenue generator of the mechanical seals market due to increase in production of shale gas in developed and developing countries and is expected to remain at the top till the end of the forecasted period. Factors such as new oil and gas exploration activities coupled with extensive investment in pipelines and refineries in the Americas, the Middle East, Africa, and the APAC region will further escalate the market growth.

Geographical segmentation of the mechanical seals market

Americas

APAC

EMEA

Due to rise in urbanization and industrialization, the APAC region accounted for the highest share and will continue till the end of the forecasted period. Technavio’s market research analysts also note that China will play an essential role in fueling the demand for mechanical seals as it has increased oil and gas production to fulfill its rising energy demand.

Competitive landscape and key vendors

Vendors are presenting new technologies into the market with a view to boost condition monitoring of mechanical seals, which is a major trend in the market. For instance, the introduction of sensor integration and strain gauges represent methods to execute onboard testing and monitoring systems that are used to assess structural health of mechanical seal assemblies.

The major vendors in this market are -

Chesterton

EagleBurgmann

Flowserve

Flex-a-Seal

John CraneOther prominent vendors included in this report are Bal Seal Engineering, Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken, and Trelleborg.

    Key questions answered in the report include

    What will the market size and the growth rate be in 2019?

    What are the key factors driving the global mechanical seals market?

    What are the key market trends impacting the growth of the global mechanical seals market?

    What are the challenges to market growth?

    Who are the key vendors in the global mechanical seals market?

    What are the market opportunities and threats faced by the vendors in the global mechanical seals market?

    Trending factors influencing the market shares of the APAC, EMEA, and the Americas.

    What are the key outcomes of the five forces analysis of the global mechanical seals market?

    Technavio also offers customization on reports based on specific client requirement.

    Related reports

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    Global Form Fill and Sealing (FFS) Equipment Market 2015-2019

    Global Automotive Seals and Gaskets Market 2014-2018

    Pneumatic and Sealing Products Market in China 2012-2016


    Press Release

    Technavio Announces the Publication of its Research Report – Global Mechanical Seals Market 2015-2019

    Technavio recognizes the following companies as the key players in the Global Mechanical Seals Market: Chesterton, EagleBurgmann, Flowserve, Flex-a-Seal and John Crane

    Other Prominent Vendors in the market are: Bal Seal Engineering, Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken, and Trelleborg.

    Commenting on the report, an analyst from Technavio’s team said: “Vehicle downsizing and light weighing assemblies of seals is an emerging trend in the automotive sector that has helped in improving fuel efficiency and reducing emissions. Lightweight assemblies are attained by replacing mechanical metal seals with high-strength plastics that can endure heat and high pressure in automotive components.”

    According to the report, many governments worldwide and international organizations such as the US EPA have set stringent regulations and standards for the mining, refining, oil and gas, power, and chemicals industries. The regulations control toxic emissions, maintain safety of operations, and prevent gas and fluid leakages through pipes, boilers, and other equipment. To meet the standards laid down, superior quality seals have to be manufactured that can prevent contamination of the product.

    Further, the report states that leakage in mechanical seals is a serious concern as it causes operational failure.

    Companies Mentioned

    Chesterton, EagleBurgmann, Flowserve, Flex-a-Seal, John Crane, Bal Seal Engineering, Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken, Trelleborg.

    • Executive summary
      • Highlights
    • Scope of the report
      • Market overview
        • Table Segmentation of global mechanical seals market
        • Table Segmentation of global mechanical seals market by end-users
        • Table Segmentation of global mechanical seals market by geography
      • Top-vendor offerings
    • Market research methodology
      • Research methodology
      • Economic indicators
    • Introduction
      • Key market highlights
        • Table Types of mechanical seals
    • Market landscape
      • Market size and forecast
        • Table Global mechanical seals market 2014-2019 ($ billions)
      • Five forces analysis
        • Table Five forces analysis
    • Market segmentation by end-users
      • Global mechanical seals market by end-users
        • Table Global mechanical seals market by end-users 2014-2019
      • Global mechanical seals market by oil and gas industry
        • Table Global mechanical seals market by oil and gas industry 2014-2019 ($ millions)
      • Global mechanical seals market by general industries
        • Table Global mechanical seals market by general industries 2015-2020 ($ millions)
      • Global mechanical seals market by chemical industry
        • Table Global mechanical seals market by chemical industry 2014-2019 ($ millions)
      • Global mechanical seals market by power industry
        • Table Global mechanical seals market by power 2015-2019 ($ millions)
      • Global mechanical seals market by water and wastewater industry
        • Table Global mechanical seals market by water and wastewater industry 2015-2019 ($ millions)
        • Table World water consumption 1980-2025 (billion m³ per year)
      • Global mechanical seals market by others
        • Table Global mechanical seals market by others 2014-2019 ($ millions)
    • Geographical segmentation
      • Global mechanical seals market by geography
        • Table Global mechanical seals market by geography 2014-2019
      • Mechanical seals market in APAC
        • Table Mechanical seals market in APAC 2015-2019 ($ billions)
        • Table Urban population in India (millions)
      • Mechanical seals market in EMEA
        • Table Mechanical seals market in EMEA 2015-2019 ($ billions)
      • Mechanical seals market in the Americas
        • Table Mechanical seals market in the Americas 2015-2019 ($ millions)
    • Market drivers
      • Table CAPEX of oil and gas companies in Africa (2010-2013)
    • Impact of drivers
      • Table Impact of drivers
    • Market challenges
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges
    • Market trends
      • Table Global PTFE market 2014-2019 ($ billions)
    • Vendor landscape
      • Key vendors
        • Table Major products offered by Chesterton
        • Table Major products offered by EagleBurgmann
        • Table Major products offered by Flowserve
        • Table Major products offered by Flex-A-seal
        • Table Major products offered by John Crane
      • Other prominent vendors
    • Key vendor analysis
      • Chesterton
        • Table Chesterton: Product segmentation
      • EagleBurgmann
      • Flowserve
        • Table Flowserve: Business segmentation by revenue 2014
        • Table Flowserve: Business segmentation by revenue 2013 and 2014 ($ millions)
        • Table Flowserve: Geographical segmentation by revenue 2014
      • Flex-a-Seal
      • John Crane
        • Table Smiths Group: Business segmentation by revenue 2014
        • Table Smiths Group: Business segmentation by revenue 2013 and 2014 ($ billions)
    • Appendix
      • List of abbreviations
    • Explore Technavio

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