NEW YORK, Oct. 19, 2021 /PRNewswire/ -- The mechanical seals market is expected to grow by USD 1.09 billion from 2021 to 2025, progressing at a CAGR of 4.41% according to the latest market report by Technavio.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A.W. Chesterton Co., Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., EnPro Industries Inc., Flexaseal Engineered Seals and Systems, Flowserve Corp., Freudenberg SE, Leak-Pack Engineering (I) Pvt. Ltd., Meccanotecnica Umbra SPA, and Smiths Group Plc are some of the major market participants. The growth in aftermarket sales, rising adoption of renewable energy, and stringent emission regulations will offer immense growth opportunities. However, the increasing downtime due to leakages and frequent replacement will challenge the growth of the market participants.
Mechanical Seals Market 2021-2025: Segmentation
Oil And Gas
Chemicals And Pharmaceuticals
Water And Wastewater Treatment
Mechanical Seals Market 2021-2025: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our mechanical seals market report covers the following areas:
Mechanical Seals Market 2021-2025: Vendor Analysis We provide a detailed analysis of around 25 vendors operating in the Mechanical Seals Market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist mechanical seals market growth during the next five years
Estimation of the mechanical seals market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the mechanical seals market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of mechanical seals market vendors
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Mechanical Seals Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.41%
Market growth 2021-2025
USD 1.09 billion
YoY growth (%)
APAC, North America, Europe, MEA, and South America
Performing market contribution
APAC at 51%
Key consumer countries
China, US, Germany, Japan, and India
Leading companies, competitive strategies, consumer engagement scope
A.W. Chesterton Co., Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., EnPro Industries Inc., Flexaseal Engineered Seals and Systems, Flowserve Corp., Freudenberg SE, Leak-Pack Engineering (I) Pvt. Ltd., Meccanotecnica Umbra SPA, and Smiths Group Plc
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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