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
- Report code : CMI192482 |
- Industry :
Industrial Automation and Machinery
- Published On : Feb 2019 |
- Pages : 250 Pages |
- Format :
GLOBAL Mechanical Pump Seals Market – Insights
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. Furthermore, 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 (2018–2026). 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.
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.
Figure 1. Global Mechanical Pump Seals Market Share (%), by Region (2017 & 2026)
Source: Coherent Market Insights, 2017-18
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.
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.
Figure 2. Global Mechanical Pump Seals Market Share (%), By Design (2017 & 2026)
Source: Coherent Market Insights, 2017-18
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.
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.
Mechanical pump seals are used on large number in oil and gas refinery and industry to avoid leakage of gases and oil. Mechanical pump seals witnessed significant adoption in the oil and gas exploration activities during the forecast period, owing to increasing demand for petroleum products such as petrol and diesel across the world. For instance, according to U.S. Energy Information Administration, four new refineries were setup from 2014 to 2017. High demand for mechanical pump seals to avoid leakage of high priced gases and fluids are another factor boosting the growth of the mechanical pump seals market.
Market Dynamics
The global mechanical pump seals market growth is attributed to stringent norms and guidelines put forward by various government agencies to reduce leakage and emission in rotating equipment from various end-use industries such as oil and gas, chemical, food and beverage, water treatment plants, and pharmaceutical industries. Some of these include policy such as environment protection rule for sewage water treatment plants put forward by the government bodies, across the world towards development of sustainable water systems, is another major factor expected to positively impact growth of the mechanical pump seals market. Increasing awareness among consumers, governments, and end-use industries to protect the environment from hazardous gases generated from oil & gas industry is expected to increase demand for installation of mechanical seals rather than packaging material. Such events will aid in growth of the pump mechanical seals market over the forecast period. Mechanical seals are used to stop leakage of oil and gases from pipelines, these seals are in direct contact with oil and gases so it gradually wears out and needs to be changed after some interval of time. Therefore, the demand for mechanical pump seals will keep on rising, which will boost growth of the market.
However, use of gaskets as an alternative to mechanical seals in water and wastewater management plants to stop the leakage of water is a major restraining factor for mechanical pump seal market.
Key features of the study:
- This report provides in-depth analysis of mechanical pump seals market size (US$ Billion), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017, as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global mechanical pump seals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, mechanical pump seals market capital, key developments, strategies, and future plans
- Companies covered as part of this study 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
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global mechanical pump seals market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mechanical pump seals market.
Detailed Segmentation:
- Global Mechanical Pump Seals Market, By Design Type:
- Pusher Seals
- Non-pusher Seals
- Cartridge Seals
- Global Mechanical Pump Seals Market, By Industry:
- Oil & Gas
- Power
- Water Treatment & Water Supply Industry
- Chemical Industry
- Pharmaceutical Industry
- Mining & Mineral Extraction Industry
- Pulp & Paper Processing
- Others
- Global Mechanical Pump Seals Market, By Geography:
- North America
- By Design Type:
- Pusher SealsNon-pusher Seals
- Cartridge Seals
- By Industry:
- Oil & Gas
- Power
- Water Treatment & Water Supply Industry
- Chemical Industry
- Pharmaceutical Industry
- Mining & Mineral Extraction Industry
- Pulp & Paper Processing
- Others
- By Country:
- U.S.
- Canada
- By Design Type:
- Europe
- By Design Type:
- Pusher Seals
- Non-pusher Seals
- Cartridge Seals
- By Industry:
- Oil & Gas
- Power
- Water Treatment & Water Supply Industry
- Chemical Industry
- Pharmaceutical Industry
- Mining & Mineral Extraction Industry
- Pulp & Paper Processing
- Others
- By Country:
- UK
- Germany
- Italy
- France
- Russia
- Rest of Europe
- By Design Type:
- Asia Pacific
- By Design Type:
- Pusher Seals
- Non-pusher Seals
- Cartridge Seals
- By Industry:
- Oil & Gas
- Power
- Water Treatment & Water Supply Industry
- Chemical Industry
- Pharmaceutical Industry
- Mining & Mineral Extraction Industry
- Pulp & Paper Processing
- Others
- By Country:
- China
- Singapore
- Japan
- Rest of Asia Pacific
- By Design Type:
- LAMEA
- By Design Type:
- Pusher Seals
- Non-pusher Seals
- Cartridge Seals
- By Industry:
- Oil & Gas
- Power
- Water Treatment & Water Supply Industry
- Chemical Industry
- Pharmaceutical Industry
- Mining & Mineral Extraction Industry
- Pulp & Paper Processing
- Others
- By Sub-region:
- Latin America
- Middle East
- Africa
- By Design Type:
- North America
- Company Profiles
- John Crane*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Eagleburgmann
- Flowserve Corporation
- AESSEAL Plc
- Meccanotecnica Umbra Spa
- Vulcan Engineering Limited
- Garlock
- Sichuan Sunny Seal Co. Ltd
- Sulzer Ltd
- James Walker
- Others
- John Crane*
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Design Type
- Market Snippet, By Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Key Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Value Chain Analysis
- Porter’s Analysis
- PEST Analysis
- Market Dynamics
- Global Mechanical Pump Seals Market, By Design Type, 2017-2027 (US$ Billion)
- Introduction
- Market Share Analysis, 2017 and 2027 (%)
- Segment Trends
- Pusher Seals
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Non-pusher Seals
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Cartridge Seals
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Introduction
- Global Mechanical Pump Seals Market, By Industry, 2017-2027 (US$ Billion)
- Introduction
- Market Share Analysis, 2017 and 2027 (%)
- Segment Trends
- Oil & Gas
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Power
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Water Treatment & Water Supply Industry
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Chemical Industry
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Pharmaceutical Industry
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Mining & Mineral Extraction Industry
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Pulp & Paper Processing
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, 2019 - 2027, (US$ Billion)
- Introduction
- Global Mechanical Pump Seals Market, By Regions, 2017-2027 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2017 and 2027(%)
- North America
- Regional Trends
- Market Size and Forecast, By Design Type, 2019–2027 (US$ Billion)
- Market Size and Forecast, By Industry Type, 2019–2027 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2027 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Design Type, 2019–2027 (US$ Billion)
- Market Size and Forecast, By Industry Type, 2019–2027 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2027 (%)
- UK
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Design Type, 2019–2027 (US$ Billion)
- Market Size and Forecast, By Industry Type, 2019–2027 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2027 (%)
- China
- Singapore
- Japan
- Rest of Asia Pacific
- LAMEA
- Regional Trends
- Market Size and Forecast, By Design Type, 2019–2027 (US$ Billion)
- Market Size and Forecast, By Industry Type, 2019–2027 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2027 (%)
- Latin America
- Middle East
- Africa
- Introduction
- Competitive Landscape
- Company Profiles
- John Crane
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Eagleburgmann
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Flowserve Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- AESSEAL Plc
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Meccanotecnica Umbra Spa
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Vulcan Engineering Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Garlock
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sichuan Sunny Seal Co.Ltd
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sulzer Ltd
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- James Walker
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- John Crane
- Analyst Views
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 60 market data tables and 40 figures on "Mechanical Pump Seals Market - Global forecast to 2027".
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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