MECHANICAL PUMP SEALS MARKET ANALYSIS

Mechanical Pump Seals MarketSize and Trends

Global Mechanical Pump Seals market is estimated to be valued at US$ 4,736.2 Mn by 2030.

Mechanical pump seals are machine element, which are used to join systems or mechanisms together for preventing leakage. Mechanical pump seals are the seals that are specially designed for pump which are used to seal the passage point between the rotating part of the shaft and the stationary part of the pump housing. Mechanical pump seals are also called as packaging materials. Furthermore, various government agencies are focusing on stringent norms and guidelines to reduce leakage and emission in rotating equipment from various end-use industries including oil and gas, chemical, food and beverage, and pharmaceutical industries, which will help the mechanical pump seals market to grow. For instance, Environmental Protection Agency (EPA) has put forward the Leak Detection and Repair (LDAR) regulations to control the leakage of harmful gases and fluid. Significant increase in demand from end-use industries for mechanical pump seals with superior sealing ability in order to prevent leakages from pumps is one of the major factors, which is expected to boost growth of the global mechanical pump seals market.

Global Mechanical Pump Seals Market- Trends:

Increasing Adoption of Sealing Systems with Condition Monitoring

With the advancement of IoT and predictive maintenance technologies, the demand for mechanical pump seals integrated with condition monitoring systems has been increasing. These systems enable real-time monitoring of seal performance, allowing proactive maintenance and reducing the risk of unexpected failures. In December 2021, John Crane, a prominent provider of engineered technologies and services for process industries, has recently introduced John Crane Sense Turbo, an innovative digital diagnostics solution for dry gas seals in compressors. This solution is designed to monitor and assess operational conditions within the core of the compressor system. By employing advanced digital diagnostic capabilities, it aims to enhance the reliability and efficiency of compressor systems by proactively detecting potential issues, enabling timely maintenance interventions, and minimizing downtime.

Shift towards Cartridge Seals

Cartridge seals have gained popularity in the mechanical pump seals market due to their ease of installation and maintenance. Cartridge seals offer a pre-assembled unit that can be quickly replaced, reducing downtime and simplifying the installation process. They also provide better sealing performance and alignment, resulting in reduced leakage. In April 2020, The A.W. Chesterton a elastomeric polymer seals designer Company has recently introduced a range of novel single and double cartridge seals that utilize their newly developed AXIUS modular seal platform. This platform enables customers to adapt seal faces and features to meet diverse application requirements by making swift changes around a standardized seal base. These modular seals offer enhanced flexibility, allowing for expedited adjustments tailored to specific applications in a time-efficient and economical manner.

Global Mechanical Pump Seals Market- Restraints:

High Replacement and Maintenance Costs

Mechanical pump seals require periodic replacement and maintenance, which can be costly, especially for complex and specialized seals. The expenses associated with seal replacement, including downtime, labor, and procurement costs, can pose a financial burden for end-users, affecting market demand. On February 03, 2023 Pump Engineer a knowledge, communication and information company released an article regarding the Lifecycles Cost analysis of a mechanical pumps stating that the maintenance and repair costs can go up to millions of dollars in loss because of the downtime. Also the costs of the parts of the pumps also go high.

Emergence of Alternative Pumping Technologies

The emergence and adoption of alternative pumping technologies, such as magnetic drive pumps and sealless pumps, pose a challenge to the mechanical pump seals market. These alternative technologies eliminate the need for mechanical pump seals altogether, reducing the market potential for traditional mechanical seals. In November, 2021 HMD Kontro, a specialist in sealless pumps utilizing magnetic drive technology, has recently unveiled a new pump variant explicitly tailored for applications involving hydrofluoric acid (HF) alkylation. This innovation represents a significant advancement in pump design specifically intended to handle the unique challenges posed by HF alkylation processes.

Figure 2: Global Mechanical Pump Seals Market Share (%), By Design Type, 2022