Pune, India -- (SBWIRE) -- 03/12/2020 -- Rapid technological advancements taking place in the market to enable growth in the global "Mechanical Seals" market. The inflow of new entrants in the market is leading to the development of innovative technology. Recently Fortune Business Insights published a report, titled Mechanical Seals. As stated in the report in 2017, the global Mechanical Seals market was worth USD Mechanical Seals.

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As per the report, North America held a significant share in the global Mechanical Seals market in 2017. The region is anticipated to expand during the forecast period 2018-2026. Owing to the high presence of developers in the region, the market is expected to witness an increase in the growth rate. Besides this, Asia Pacific is anticipated to witness impressive growth. The growth witnessed is attributable to rising digitalization in nations such as India and China.

Top Players Mentioned:

Lagersmit
Dana-Seals A/S
ElringKlinger Kunststofftechnik GmbH
Federal-Mogul Corporation
Flowserve Corporation
AB SKF
Trelleborg Group
Garlock GmbH
JTEKT Europe Bearings B.V.
Hi-Tech Seals
Super Seals India Limited
Spareage Sealing Solutions

Key Market Driver –

Increasing demand for strong and efficient seals for zero or minimal leakages in the machine is the primary reason that is driving the growth of the mechanical seals.
Growth in mechanical and industrial sectors across the globe.
Key Market Restraint –

High initial investment and requirement of extra space as compared with other seals in a machine for installation are hindering the growth of the market.

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Segmentation

1. By Type
Pusher and non-pusher
Balanced and Unbalanced
Conventional
Cartridge type

2. By End-Use Industry
Metals & Mining
Food & Beverage
Oil & Gas
Energy and Power
Aerospace
Marine
Construction
Manufacturing
Others (Chemicals, etc.)

3. By Geography
North America (the U.S. and Canada)
Europe (the U.K., Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Latin America (Brazil, Mexico and Rest of Latin America)

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The report also classifies leading players of the market. Besides this, the report offers innovative strategies to succeed in the market. All the information gathered is from reliable primary and secondary source. The analysis conducted is based on industry-leading tools and techniques. Some of the organizations operating in the global Mechanical Seals market are Mechanical Seals.

Discovery of new oil wells is likely to fuel the demand in the global market. Moreover, clinical studies taking place to increase the productivity of existing wells is expected to drive the market.

On the flip side, high cost associated with machinery and lack of skilled professionals are certain factors that may hamper the growth in the global Mechanical Seals market.

For more information in the analysis of this report https://www.fortunebusinessinsights.com/industry-reports/mechanical-seals-market-101430

Major Table of Content For Mechanical Seals Market:

5.Global Mechanical Seals Market Analysis, Insights and Forecast, 2015-2026

5.1.Key Findings / Summary

5.2.Market Sizing Estimations and Forecasts – By Type (Value)

5.2.1.Cartridge Seals

5.2.2.Pusher and Non-pusher

5.2.3.Balanced and Unbalanced Seals

5.2.4.Conventional Seals

5.2.5.Others (Bellows Seals, etc.)

5.3.Market Sizing Estimations and Forecasts – By Industry (Value)

5.3.1.Metals & Mining

5.3.2.Food & Beverage

5.3.3.Oil & Gas

5.3.4.Energy and Power

5.3.5.Aerospace

5.3.6.Marine

5.3.7.Construction & Manufacturing

5.3.8.Others (Chemicals, etc.)

5.4.Market Analysis, Insights and Forecast – By Region (Value)

5.4.1.North America

5.4.2.Europe

5.4.3.Asia Pacific

5.4.4.Middle East & Africa

5.4.5.Latin America

6.North America Mechanical Seals Market Analysis, Insights and Forecast, 2015-2026

6.1.Key Findings / Summary

6.2.Market Sizing Estimations and Forecasts – By Type (Value)

6.2.1.Cartridge Seals

6.2.2.Pusher and Non-pusher

6.2.3.Balanced and Unbalanced Seals

6.2.4.Conventional Seals

6.2.5.Others (Bellows Seals, etc.)

6.3.Market Sizing Estimations and Forecasts – By Industry (Value)

6.3.1.Metals & Mining

6.3.2.Food & Beverage

6.3.3.Oil & Gas

6.3.4.Energy and Power

6.3.5.Aerospace

6.3.6.Marine

6.3.7.Construction & Manufacturing

6.3.8.Others (Chemicals, etc.)

6.4.Market Analysis, Insights and Forecast – By Country (Value)

6.4.1.U.S.

6.4.2.Canada

7.Europe Mechanical Seals Market Analysis, Insights and Forecast, 2015-2026

7.1.Key Findings / Summary

7.2.Market Sizing Estimations and Forecasts – By Type (Value)

7.2.1.Cartridge Seals

7.2.2.Pusher and Non-pusher

7.2.3.Balanced and Unbalanced Seals

7.2.4.Conventional Seals

7.2.5.Others (Bellows Seals, etc.)

7.3.Market Sizing Estimations and Forecasts – By Industry (Value)

7.3.1.Metals & Mining

7.3.2.Food & Beverage

7.3.3.Oil & Gas

7.3.4.Energy and Power

7.3.5.Aerospace

7.3.6.Marine

7.3.7.Construction & Manufacturing

7.3.8.Others (Chemicals, etc.)

7.4.Market Analysis, Insights and Forecast – By Country (Value)

TOC Continued....!

(Have a Look at Reports Trending in "Machinery & Equipment" Industry)

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