Market Insights
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.
What are energized seals?
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.
Market Dynamics
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.
Covid-19 Impact
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
Segments Analysis
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories-
By End-Use Industry Type
- Transportation
- Processing
- Electrical & Electronics
- Mobile Machinery
- Manufacturing Tools
- Energy & Power
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
By 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.
Regional Analysis
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.
Key Players
The following are the key players in the energized seals market.
- Trelleborg Sealing Solutions
- Greene Tweed & Co.
- AB SKF
- Enpro Industries
- Saint-Gobain SA
- Parker-Hannifin Corporation
- Dana Seals A/S
- Elring Klinger AG
- A.W Chesterton Company
- Flowserve Corporation
- Bal Seal Engineering, Inc.
Research Methodology
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.
Report Features
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.
What Deliverables Will You Get in this Report?
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth Analysis of the Energized Seals Market
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How lucrative is the future?
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Market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market segment analysis and Forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirement?
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10% free customization
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Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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 sales@stratviewresearch.com
