Mechanical Seals Market Size, Segmentation, Demand Forecast Report Up To 2019: Radiant Insights, Inc

Market outlook of the global mechanical seals market

Mechanical seals are widely used in 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. They also play a crucial role in the production and transportation process in the oil and gas industry, making it a significant end-user of this market. The global mechanical seals market is expected to grow at a CAGR of over 9% during the forecast period.

The discovery of shale gas production also plays a significant role in boosting the demand for mechanical seals, as it has triggered oil production and exploration activities, especially in the US. Similarly, even modern hydrocarbon processing plants require highly reliable seals to limit the leakage of fluids. Therefore, these developments will bode well for the market growth during the forecast period.

For More Information visit http://www.radiantinsights.com/research/global-mechanical-seals-market-industry-analysis-2015-2019

Segmentation of the mechanical seals market by end-user

Oil and gas

General industries

Chemical

Water

Power

Others

The oil and gas industry is the largest revenue generator of the mechanical seals market due to increase in production of shale gas in developed and developing countries and is expected to remain at the top till the end of the forecasted period. Factors such as new oil and gas exploration activities coupled with extensive investment in pipelines and refineries in the Americas, the Middle East, Africa, and the APAC region will further escalate the market growth.

Geographical segmentation of the mechanical seals market

Americas

APAC

EMEA

Due to rise in urbanization and industrialization, the APAC region accounted for the highest share and will continue till the end of the forecasted period. Technavio’s market research analysts also note that China will play an essential role in fueling the demand for mechanical seals as it has increased oil and gas production to fulfill its rising energy demand.

About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

For more information visit, Radiant Insights

Contact Details:

Michelle Thoras

Corporate Sales Specialist, USA

Radiant Insights, Inc

Phone: 1-415-349-0054

Toll Free: 1-888-202-9519

Blog: http://www.radiantinsightsinc.blogspot.com