Mechanical seals: Key market research findings
- Testing and monitoring advancements of mechanical seals
- Surging demand for high-quality mechanical seals
Technavio has added a new market research report on the global mechanical seals market, which is expected to grow at a CAGR of around 9% between 2015 and 2019. Mechanical seals have found wide applications across the oil and gas, chemical, water and wastewater, and power industries as they prevent leakage of industrial contaminants as well as corrosion and fatigue that can reduce the efficiency and cycle life of the equipment. Due to rise in urbanization and industrialization, the APAC region dominates the global market for mechanical seals. China is expected to play an essential role in boosting the demand for mechanical seals as it has increased oil and gas production to fulfill its rising energy demand.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The introduction of sensor integration and strain gauges represent methods to execute onboard testing and monitoring systems that are used to assess structural health of mechanical seal assemblies. These techniques transmit maintenance warnings prior to the possible breakdown of seal assemblies. The preventive maintenance techniques monitor operational discrepancies while the proactive maintenance ones monitor the equipment condition, intensity of discrepancy, and other performance parameters,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research.
The advanced and high-quality mechanical seals are reliable and durable for use in centrifugal, high pressure, dosing, injection, boiler, as well as effluent pumps, compressors, agitators, mixers, reactors, dyeing machines, and all other equipment having rotating shafts. These mechanical seals can withstand high pressure and temperature and hence improve the operational life of the aging plants.
The leading vendors in the global mechanical seals market are Chesterton, Eagle Burgmann, Flowserve, Flex-A-seal and John Crane. Vendors are presenting new technologies into the market with a view to boost condition monitoring of mechanical seals, which is a major trend in the market.
A more detailed analysis is available in the Technavio report, Global Mechanical Seals Market – Industry Analysis 2015-2019.
We can customize reports by other regions and specific segments upon request.
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