According to the latest market research study by Technavio, the mechanical seals market in the Middle East is expected to grow at a CAGR of close to 5% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the mechanical seals market in the Middle East regarding revenue and emerging market trends. The report also includes a competitive analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The top three revenue contributing end-user segments are discussed below
Oil and gas: In the oil and gas industry, mechanical seals are extensively used in agitators and pumps. Therefore, the growth of the global oil and gas equipment market is expected to boost the demand for mechanical pump seals.
“Mechanical seals used in the oil and gas industry must withstand specialized applications such as fluid polymerization, refinery tower bottoms, and flammable gases. They must ensure zero emissions in areas that contain hazardous air pollutants. These seals must be able to handle high pressure and speeds and should have high tolerance levels along with the capability to handle caustic, corrosive, sour, abrasive, and acidic products,” says Anju Ajaykumar, a lead analyst at Technavio for research on tools and components.
Power: Mechanical seals are used to seal various rotating equipment used in the power industry. Some of them are used in power plant transmission applications as well as in substations. Likewise, mechanical seal parts are also used in solar thermal power generation. Rapid industrialization and infrastructure development globally have created a huge demand for electricity, which has led to investments in improving and modernizing the global power sector, thereby propelling the demand for mechanical seals.
Water and wastewater: Mechanical seals are used in pumps deployed in the water and wastewater industry. So, the rise in the demand for pumps in the water and wastewater industry is likely to drive the demand for mechanical seals. Growing demand for water is expected to increase the investments in distillation plants in the Middle East, which is anticipated to upsurge the demand for the mechanical seals market in the Middle East.
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The top vendors operating in the mechanical seals market in the Middle East are:
- AESSEAL
- Chesterton
- EagleBurgmann
- Flowserve
- John Crane
The other prominent vendors in the market include Arabian Seals, James Walker, KSB, MEOS, Garlock (part of EnPro Industries), and TREM.
A more detailed analysis is available in the Technavio market research report titled, ‘Mechanical Seals Market in The Middle East 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Ceramic Coatings Market 2016-2020
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