What is Mechanical Pump Seal Market?
Mechanical pump seal helps to contain a fluid within a vessel. In other words it prevents liquid under pressure from leaking out of the pump. It is used in wide range of industries such as electronics, marine, medical and military sealing operations. Mechanical pump seal is used in rotary as well as reciprocating equipment such as pumps, motors, and compressors. It is also characterized in many ways such as construction material, fluid application, and design and configuration. Different types of mechanical seals are gaskets, o-rings, bellow seals, cartridge seals and others.
The market study is being classified and major geographies with country level break-up.
John Crane (United States), Eagleburgmann (Germany), Flowserve Corporation (United States), AESSEAL Plc (United Kingdom), Meccanotecnica Umbra Spa (Italy), Vulcan Engineering Limited (United States), Garlock (United States), Sichuan Sunny Seal Co. Ltd (China), Sulzer Ltd (Switzerland) and James Walker (United Kingdom) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are A.W. Chesterton Company (United States), Federal-Mogul LLC (United States) and Flex-A-Seal, Inc. (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Mechanical Pump Seal market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Mechanical Pump Seal market by Type, Application and Region.
On the basis of geography, the market of Mechanical Pump Seal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Favorable Government Regulations to Reduce Leakage from Rotating Equipment in Various Industries
- Wide Range if Industry Applications of Mechanical Seals
- Transition from Packing to Mechanical Seals is Fueling the Market
- Availability of Alternatives such as Gland Packaging and Stuffing Box
- Rising Demand of Seals in Pumps and Compressors Applications
- Increasing Usage of Mechanical Seals by Processing Industries
- Limited Number of Manufacturers for Mechanical Pump Seal
Market Leaders and some development strategies
On 18th April 2019, John Crane has completed the acquisition of advanced diamond technologies industrial division. This acquisition will help in strategic growth of the company.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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