Global Mechanical Seals Market to grow at a CAGR of 9.5% during Forecast period 2017-2021

Albany, NY, March 06, 2017: Mechanical seals converge/connect parts of systems or mechanisms to prevent leakage of fluids. The plumbing systems in the manufacturing, aerospace, automotive, electrical and electronics, and petrochemical industries use these seals to prevent fluid leakage by maintaining the pressure flow. The plumbing mechanism employed by the industries determines the type of seals required for joining the parts. Mechanical seals prevent leakage of industrial contaminants as well as corrosion and fatigue that can reduce the efficiency and cycle life of the equipment.

The global mechanical seals market to grow at a CAGR of 9.5% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global mechanical seals market for 2017-2021. To calculate the market size, the average price of different types of mechanical seals has been taken into consideration for estimating the market revenue.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Mechanical Seals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- AESSEAL
- Chesterton
- EagleBurgmann
- Flowserve
- Flexaseal
- John Crane

Other prominent vendors
- Bal Seal Engineering
- Cooper-Standard
- Garlock Sealing Technology
- Hutchinson Sealing Systems
- Timken
- Trelleborg
- SKF

Market driver
- Rising demand from oil and gas industry in the Middle East and China.
- For a full, detailed list, view our report

Market challenge
- Challenges in manufacturing, designing, and installing mechanical seals.
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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