Mechanical Seals Market-Rising Demand, Upcoming Forecast 2024, CAGR of 9.2% | EagleBurgmann, Flowserve Corporation

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New York, United States, Fri, 30 Oct 2020 05:35:31 / Comserve Inc. / -- The global mechanical seals market is segmented into end-use-industry such as oil and gas, chemical industry, water and wastewater industry, power industry, Recent report published by research nester titled "Mechanical Seals Market: Global Demand Analysis & Opportunity Outlook 2024" delivers detailed overview of the global mechanical seals market in terms of market segmentation by product type, by end-use-industry and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model. The global mechanical seals market is segmented into end-use-industry such as oil and gas, chemical industry, water and wastewater industry, power industry, pharmaceutical, mining and minerals, food and beverage and others, out of which, with 30.1% share, the oil and gas industry segment dominated the overall mechanical seals market in 2016 and is projected to capture a noteworthy CAGR by 2024. Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-543 Apart from this, water and wastewater industry segment is believed to register a phenomenal CAGR by the end of 2024. Likely, growing adoption of advanced mechanical seals to prevent leakage is envisioned to bolster the growth of global mechanical seals market. Global mechanical seals market is anticipated to post a notable CAGR of 9.2% during the forecast period i.e. 2017-2024. Moreover, the mechanical seals products market is projected to account for exponential sales by the end of 2024. Additionally, robust expansion of oil and gas industry along with introduction of innovative mechanical seals for numerous platforms such as rotatory is believed to propel the growth of mechanical seals market. The cartridge seals segment by product type is projected to grow at a robust CAGR over the fore...
Market Watch     Nov 09, 2020