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Mechanical Pump Seals Market - Size, Share and Growth Analysis 2018-26<br>
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MECHANICAL PUMP SEALS MARKET ANALYSIS Mechanical Pump Seals Market, by Design Type (Pusher Seals, Non-pusher Seals, and Cartridge Seals), by Industry (Oil & Gas, Power, Water Treatment & Water Supply Industry, Chemical Industry, Pharmaceutical Industry, Mining & Mineral Extraction Industry, Pulp & Paper Processing, and Others), and by Region (North America, Europe, Asia Pacific, and LAMEA) - Size, Share and Growth Analysis 2018-26
Market Mechanical pump seals are used on large number in oil and gas refinery and industry to avoid leakage of gases and oil. Mechanical pump seals witnessed significant adoption in the oil and gas exploration activities during the forecast period, owing to increasing demand for petroleum products such as petrol and diesel across the world. For instance, according to U.S. Energy Information Administration, four new refineries were setup from 2014 to 2017. High demand for mechanical pump seals to avoid leakage of high priced gases and fluids are another factor boosting the growth of the mechanical pump seals market.
Market Dynamics The global mechanical pump seals market growth is attributed to stringent norms and guidelines put forward by various government agencies to reduce leakage and emission in rotating equipment from various end-use industries such as oil and gas, chemical, food and beverage, water treatment plants, and pharmaceutical industries. Some of these include policy such as environment protection rule for sewage water treatment plants put forward by the government bodies, across the world towards development of sustainable water systems, is another major factor expected to positively impact growth of the mechanical pump seals market.
Key features of the study: • This report provides in-depth analysis of mechanical pump seals market size (US$ Billion), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017, as the base year • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
Detailed Segmentation: • Global Mechanical Pump Seals Market, By Design Type: • Pusher Seals • Non-pusher Seals • Cartridge Seals • Global Mechanical Pump Seals Market, By Industry: • Oil & Gas • Power • Water Treatment & Water Supply Industry • Chemical Industry
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