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NEW YORK , Dec. 20, 2021 /PRNewswire/ -- Some of the primary growth drivers for the mechanical seals market are the growth in aftermarket sales, rising adoption of renewable energy, and stringent emission regulations, according to a senior analyst at Technavio. Mechanical seals have a shorter lifespan and need to be replaced at frequent intervals to comply with federal or local emission regulations and to maintain process efficiency by eliminating leakage. The replacement or up-gradation of mechanical seals contributes significantly to the growth of the global mechanical seals market. Mechanical seals are one of the critical components of pumps, compressors, and agitators, among others. Vendors are focusing on aftermarket sales, as most of the seals have a short lifespan and need constant replacement.
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The mechanical seals market size is expected to grow by USD 1.09 bn from 2020 to 2025. The market will post a year-over-year growth rate of 2.97%
Some Key Vendors and Their Offerings
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Accelerate at a CAGR of 4.41%
APAC, North America, Europe, MEA, and South America
China, US, Germany, Japan, and India
Leading companies, competitive strategies, consumer engagement scope
A.W. Chesterton Co., Aesseal Plc, Anhui YALAN Seal Component Co. Ltd., EnPro Industries Inc., Flexaseal Engineered Seals and Systems, Flowserve Corp., Freudenberg SE, Leak-Pack Engineering (I) Pvt. Ltd., Meccanotecnica Umbra SPA, and Smiths Group Plc
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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