Mechanical Seals joins the systems together and prevents the leakage. It is a leakage controlling device which is found in rotating devices like pumps and mixers to prevent leakage. It is also used to seal the passage point of rotating shaft which excludes the contamination. Moreover, the mechanical seals are arranged in the right angle to the rotational axle. These seals are used in various end use industries such as oil and gas, chemical industry, power, pharmaceuticals, food and beverage, and others. These wide range of applications are increasing the demand of mechanical seals.This growth is primarily driven by Rising demand of energy efficient electric crepe makers and Adoption of advanced technologies are fueling the growth of mechanical seals.
Globally, a noticeable market trend is evident Rising trend of fast cooking time
. Major Manufacturers, such as Eagle Burgmann (Germany), John Crane (United States), Garlock (United States), Bungartz (Germany), AESSEAL (United Kingdom), Meccanotecnica Umbra (Italy), Sulzer (Switzerland), Oerlikon Balzers (Switzerland), Huayang (Malaysia) and Fluiten (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2018, John Crane has completed the acquisition of Seebach GmbH which is a provider of engineered filtration solution for the usage in oil and gas and other applications. This acquisition will enhance the portfolio of filtration solutions.
- Rising demand of energy efficient electric crepe makers
- Adoption of advanced technologies are fueling the growth of mechanical seals
- Rising trend of fast cooking time
- Advancement in seal technology for dry gas
- High initial capital required
- Fluctuating prices of oil and gas
Rapid industrialization is increasing the usage of mechanical seals and Increasing oil and gas industry due to rising demand of energy
Growing concerns for non-renewable sources of energy
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