Energized Seals Market Report
Energized Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027 See less
Energized Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
Energized Seals Market is Segmented by End-Use Industry Type (Transportation, Processing, Electrical & Electronics, Mobile Machinery, Manufacturing Tools, Energy & Power, and Others) and by Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Energized Seals Market is Segmented by End-Use Industry Type (Transportation, Processing, Electrical & Electronics, Mobile Machinery, Manufacturing Tools, Energy & Power, and Others) and by Region (North America, Europe, Asia...
Energized seals are used in different industries to provide a reliable, durable, and efficient sealing solution in critical applications and under extreme operating conditions. These seals are made by embedding a spring inside a jacket of rigid materials that have exceptional properties for operation in critical conditions. This process increases the tensile strength of a rigid material, making it suitable for use as a seal. When elastomer and polyurethane-based seals fail to meet the operating conditions, equipment parameters, or environmental conditions, energized seals are used as a replacement. They offer a gas-tight sealing solution, reduce fugitive emissions, and comply with environmental regulations. Among the various materials, PTFE is most commonly used for jackets, whereas stainless steel is mostly used as the energizer in energized seals.
The pandemic enervated the energized seals market, causing many industries that use energized seals to suffer from production halts, labor, and raw material shortages, and low demand for finished products. Furthermore, the aftermarket demand for seals was disrupted as a result of lockdowns in many countries around the world. Following these factors, the energized seals market experienced a colossal decline of -11.1% in 2020.
However, the energized seals market is expected to rebound at a rapid pace to surpass the market's pre-covid level and reach new heights. Various factors, such as ease of COVID restrictions, resumption of manufacturing plants, growth of the manufacturing sector with a growing population, rapid infrastructure development, and technological adoption, are propelling the demand for energized seals. Furthermore, consumer demand for dependable, efficient, and secure seals is driving the market demand for high-quality energized seals. Following these trends, the energized seals market is estimated to grow at a healthy CAGR of 4.7% during the forecast period to reach a value of US$ 13.2 Billion in 2027.
Based on the end-use industry type, the energized seals market is segmented as transportation, processing, electrical & electronics, mobile machinery, manufacturing tools, energy & power, and others. Transportation is expected to remain the largest segment of the market during the forecast period. The transportation industry’s demand for energized seals is driven by the increasing demand for mobility, as well as the demand for reliable and safe modes of transportation. Spring-energized seals are used in direct fuel injection systems, engine pistons and rods, aircraft landing gear, and other applications.
In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing region in the market for energized seals during the forecast period. This is the world's most populous region, creating a high demand for transportation, power, and finished goods. Furthermore, the governments of many countries in the region are promoting the manufacturing sector through initiatives such as Make in India, and Made in China, among others. All of these factors are increasing the demand for energized seals in the region from various OEMs.
The following are the key players in the energized seals market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s energized seals market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The energized seals market is segmented into the following categories.
Energized Seals Market, by End-Use Industry Type
Energized Seals Market, by Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to email@example.com
The energized seals market is estimated to grow at a healthy CAGR of 4.7% over the next five years to reach a value of US$ 13.2 Billion in 2027.
Trelleborg Sealing Solutions, Greene Tweed, AB SKF, Enpro Industries, Saint-Gobain SA, Parker-Hannifin Corporation, Dana Seals A/S, Elring Klinger AG, A.W Chesterton Company, Flowserve Corporation, and Bal Seal Engineering, Inc. are the leading players in the energized seals market.
Asia-Pacific is estimated to remain dominant in the energized seals market in the foreseen future. China, India, and Japan are likely to remain the major markets in Asia-Pacific in the years to come.
Why are We Class Apart?
Advanced Materials Offer Next Growth Wave
We Specialize in Composites & other Materials Market Research
>60% of the First Buyers Come Back to Us
>95% Client Satisfaction Ratio, the Industry's Highest
Clients Across the Value Chain
Track the Latest Trends in Advanced Materials
Know High Growth Opportunities