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The market for power generation & transmission seals is also expected to grow parallelly at a healthy CAGR of 3.6%, during the forecast period, to reach a value of US$ 8.8 Billion in 2027.
Seals used in power generation and transmission are one of the major components that require high temperature and excellent corrosion resistance. The selection of material is dependent on several parameters such as temperature resistance, lightweight, durability, strength, and negligible value of friction. The increasing demand for electricity from the residential, industrial and commercial sectors will increase the demand for power generation and transmission, which, in turn, will bolster the seals market.
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