Mechanical Pump Seals Market Analysis | CMI

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MECHANICAL PUMP SEALS MARKET ANALYSIS

• Mechanical Pump Seals Market, by Design Type
  (Pusher Seals, Non-pusher Seals, and Cartridge
  Seals), by Industry (Oil Gas, Power, Water
  Treatment Water Supply Industry, Chemical
  Industry, Pharmaceutical Industry, Mining
  Mineral Extraction Industry, Pulp Paper
  Processing, and Others), and by Region (North
  America, Europe, Asia Pacific, and LAMEA) - Size,
  Share and Growth Analysis 2018-26
• Mechanical pump seals are machine element, which
  are used to join systems or mechanisms together
  for preventing leakage. Mechanical pump seals are
  the seals that are specially designed for pump
  which are used to seal the passage point between
  the rotating part of the shaft and the stationary
  part of the pump housing. Mechanical pump seals
  are also called as packaging materials.

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Market Drivers

• Various government agencies are focusing on
  stringent norms and guidelines to reduce leakage
  and emission in rotating equipment from various
  end-use industries including oil and gas,
  chemical, food and beverage, and pharmaceutical
  industries, which will help the mechanical pump
  seals market to grow. For instance, Environmental
  Protection Agency (EPA) has put forward the Leak
  Detection and Repair (LDAR) regulations to
  control the leakage of harmful gases and fluid.
  Significant increase in demand from end-use
  industries for mechanical pump seals with
  superior sealing ability in order to prevent
  leakages from pumps is one of the major factors,
  which is expected to boost growth of the global
  mechanical pump seals market.
• Global mechanical pump seals market is expected
  to witness significant growth during the forecast
  period (20182026). The market growth for
  mechanical pump seals is majorly attributed to
  growing environmental concern among the people to
  protect the environment from leakage of oil and
  gasses.

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Market Restraints

• Use of alternate packaging materials such as glad
  packaging, which is mostly used in water
  treatment plants, is one of the major restraining
  factors for growth of the global Mechanical Pump
  Seals Market.

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Figure 1. Global Mechanical Pump Seals Market
Share (), by Region (2017 2026)
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Market Opportunities

• Increase in Demand for Mechanical Pump Seals in
  Oil Gas Industry is expected to Aid in Growth
  of the Global Mechanical Pump Seals Market.
• In oil gas industry application, safety and
  reliability are two major key phenomena.
  Therefore, players in the oil gas industry are
  adopting innovative mechanical seal solutions
  such as elastomer seals, O-ring seals, and bellow
  seal, to support highly regulated and mission
  critical business operations. Furthermore,
  leakages from the oil gas industry are
  expensive, therefore the use of mechanical seals
  are mandatory in these industries, which helps
  the global mechanical seals market to grow.

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• Governments of several countries are taking
  various initiatives to develop the industrial
  sector in their country. For instance, government
  of India launched a policy known as Pharma
  Vision 2020, which aims to attract
  pharmaceutical industry in India and become a
  global leader in end-to-end drug manufacturing
  which will also help the market to grow.
• As per Coherent Market Insights, global
  mechanical pump seals market is expected to
  increase at a rapid pace over the forecast
  period. Increasing demand for mechanical pump
  seals from end-use industries such as oil and
  gas, chemical, food and beverage, and
  pharmaceutical industries is a major reason in
  growth of the global mechanical pump seals
  market.

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Figure 2. Global Mechanical Pump Seals Market
Share (), By Design (2017 2026)
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Market Segment

• Increasing Demand for Mechanical Pump Seals among
  Cartridge Seals Segment Due to its Advantages
  over Conventional Seals.
• Among design type, cartridge seals segment is
  expected to be the fastest growing segment during
  the forecasted period, as conventional mechanical
  seals are expected to be replaced by cartridge
  seals in the near future. This is due to various
  advantages of cartridge seals such as ease in
  installation process and reduction in the number
  of errors over conventional mechanical seals.
  Therefore, various end-use industries are
  preferring cartridge mechanical seals over other
  mechanical seals.

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Key Players

• Major players operating in the mechanical pump
  seals market include John Crane, Eagleburgmann,
  Flowserve Corporation, AESSEAL Plc,
  Meccanotecnica Umbra Spa, Vulcan Engineering
  Limited, Garlock, Sichuan Sunny Seal Co. Ltd,
  Sulzer Ltd, James Walker, and others.

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  /market-insight/mechanical-pump-seals-market-2482

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