Press release
Power Generation & Transmission Seals Market is Forecasted to Reach USD 8.8 Billion in 2027, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global Power Generation & Transmission Seals Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/2973/power-generation-&-transmission-seals-market.html#form
Report Highlights: `
Market Size in 2027: USD 8.8 billion
Growth (CAGR): 3.6% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Power Generation & Transmission Seals Market:
The global Power Generation & Transmission Seals Market is segmented by application type, product type, material type, motion type and region
Based on application type: The power generation & transmission seals market is segmented into power generation, energy transmission, and energy storage. Power generation is expected to remain the market's largest segment during the forecast period. There is a high demand for seals in thermal power plants, wind turbines, and hydroelectric turbines, which are some of the significant applications of seals used in power generation.
Based on product type: The market is segmented into O-rings, gaskets, energized seals, lip seals, mechanical seals, and others. Energized seals are expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. Energized seals maintain their properties even in the presence of challenges such as vacuum pressures, high temperatures, corrosive media, and hardware gaps, and are less prone to failure. As a result, they are preferred in the power generation & transmission seals market.
Based on material type: The market is segmented into elastomeric seals, thermoplastic seals, and metallic seals. Elastomeric seals are expected to remain the largest, whereas thermoplastic seals will be the market's fastest-growing segment during the forecast period. Elastomers and thermoplastics are the most desirable materials for high-performance applications, owing to their numerous advantages such as high/low-temperature resistance, good abrasion resistance, and high extrusion resistance. Thermoplastic seals are gaining traction in the power generation & transmission seals market.
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2973/power-generation-&-transmission-seals-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest power generation & transmission seals market during the forecast period. This growth outlook is majorly attributed to the following-
• The region accounts for most of the market owing to the presence of major power-generating countries such as India and China.
• Rapid urbanization and rising power consumption are two primary factors responsible for Asia-Pacific becoming the largest region.
Power Generation & Transmission Seals Market Drivers:
The growth of the Power Generation & Transmission Seals Market is driven by several factors.
• Growing use of electric vehicles, and rapid urbanization and industrialization are expected to drive the market growth.
• Furthermore, in response to growing concerns regarding pollution and global warming, governments are aiming for sustainable development and implementing measures to promote power generation through renewable energy sources, which is further intensifying the demand for seals.
• Power generation & transmission seals are used in a range of applications, such as wind turbines, solar and hydroelectric plants, fuel cells, and battery systems.
Top 10 Companies in the Power Generation & Transmission Seals Market:
Stratview Research has identified the following companies as the top market players:
• AB SKF
• A.W. Chesterton Co.
• EnPro Industries
• Freudenberg Sealing Technologies
• Greene Tweed & Co., Inc.
• Hutchinson SA
• James Walker & Co.
• John Crane (Smiths Group)
• Parker-Hannifin Corporation
• Saint-Gobain S.A.
• Trelleborg Sealing Solutions
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Power Generation & Transmission Seals Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Seals Market: https://www.stratviewresearch.com/2936/seals-market.html
• Energized Seals Market: https://www.stratviewresearch.com/2975/energized-seals-market.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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