Fortune Business Insights’ latest report, titled “Mechanical Seals Market Size, Share & Industry Analysis, By Type (Cartridge Seals, Balanced and Unbalanced Seals, Pusher and Non-pusher, Conventional Seals and Others), By Industry (Metals & Mining, Food & Beverage, Oil & Gas, Energy and Power, Aerospace, Marine, Construction & Manufacturing and Others) and Regional Forecast, 2019-2026,” provides comprehensive insights for establishing a Mechanical Seals manufacturing plant. The report covers industry performance, key success factors, risk factors, manufacturing requirements, project costs and economics, expected ROI, and profit margins. It combines desk research and qualitative primary research, making it an essential resource for entrepreneurs, investors, researchers, consultants, and business strategists planning to enter the Mechanical Seals industry.
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The global mechanical seals market size stood at USD 3.20 billion in 2018 and is projected to reach USD 4.77 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period.
Key Industry Development:
March 2019: John Crane announced its new T4111 cartridge seal. The seal, called the Elastomer Bellows Cartridge Seal, is single-use and is designed to seal rotary and centrifugal pumps, along with similar rotating shaft machines.
April 2019: Dover announced the latest Air Mizer solutions design for the AM Conveyor Equipment Manufacturers Association shaft seal, which is explicitly developed for CEMA equipment & screw conveyors.
March 2018: Hallite Seals continued its third-party authentication with Milwaukee School of Engineering (MSOE) for the reliability & integrity of the design of its seals & sealing materials.
May 2017: Flowserve Corporation declared that it had completed the deal which involves sale of the Gestra AG unit to Spirax-Sarco Engineering plc. This sale was the part of Flowserve strategic decision to optimize its product range, enabling it to emphasis more on its core business activities and allowing it to be more competitive.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
This study also covers company profiling, specifications and product picture, sales, market share and contact information of various regional, international and local vendors of Mechanical Seals Market. The market proposition is frequently developing ahead with the rise in scientific innovation and MandA activities in the industry. Additionally, many local and regional vendors are offering specific application products for varied end-users. The new merchant applicants in the market are finding it hard to compete with the international vendors based on reliability, quality and modernism in technology.
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Competitive Analysis:
The Mechanical Seals Market is expected to grow significantly over the forecast period between 2023 and 2026. In 2023, the market will grow steadily, and with the increasing adoption of strategies by the major players; the research study is expected to rise above the forecast horizon. The competitive analysis focuses on key players and the innovations and business strategies undertaken by them. The report captures the best long-term growth opportunities for the industry and includes the latest process and product developments.
Research Methodology:
1) Project Kick-off
- Getting the research team on board
- Discussing research objectives, timeline, and challenges
2) Desk Research
- Developing Contact lists, questionnaires, and market models
- Conducting Desk research through credible published sources to collect relevant qualitative & Quantitative Data in relation to the research objectives.
3) Primary Research
- Conducting interviews with key opinion leaders(KOLs) and stakeholders to drive data in relation to the research objectives and validate market numbers estimates through market models and industry-leading research tools
4) Analysis & Report Writing
- Analyzing the data sourced via desk and primary research and building reports, conclusions, and recommendations based on research objectives
Regional Analysis
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
The Mechanical Seals Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.
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Major Points from Table of Contents
- Introduction
- The Objective of the Study
- Definition of the Market
- Market Scope
- Market Segment by Type, Application, and Marketing Channel
- Major Regions Covered (North America, Europe, Asia Pacific, Mid East, and Africa)
- Years Considered for the Study
- Currency Considered (U.S. Dollar)
- Key Findings of the Study
- Market Dynamics
- Driving Factors for this Market
- Factors Challenging the Market
- Opportunities of the Global Mechanical Seals Market (Regions, Growing/Emerging Downstream Market Analysis)
- Technological and Market Developments in the Mechanical Seals Market
- Industry News by Region
- Regulatory Scenario by Region/Country
- Market Investment Scenario Strategic Recommendations Analysis
- Value Chain of the Mechanical Seals Market
- Value Chain Status
- Upstream Raw Material Analysis
- Midstream Major Company Analysis
- Distributors/Traders
- Downstream Major Customer Analysis (by Region)
- Competitive Intelligence Company Profiles
- Global Mechanical Seals Market -Segmentation by Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
- Future Forecast of the Global Mechanical Seals Market from 2026R
- Future Forecast of the Global Mechanical Seals Market from 2026R Segment by Region
- Global Production and Growth Rate Forecast by Type 2026R
- Global Consumption and Growth Rate Forecast by Application 2026R
- Appendix
- Methodology
- Research Data Source
Continued….
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