Seal Manufacturers to Enjoy Greater Growth Opportunities by Offering Diagnostic Solutions

"Both leading participants and smaller companies are developing and launching software- and Internet of Things (IoT)-based solutions to leverage the growing requirement for predictive maintenance and performance management solutions," said Anand Gnanamoorthy, Global Research Leader, Industrial Practice. "This will encourage companies to develop an analytics strategy as well as level the playing field for smaller participants with innovative solutions." "Both leading participants and smaller...

"Both leading participants and smaller companies are developing and launching software- and Internet of Things (IoT)-based solutions to leverage the growing requirement for predictive maintenance and performance management solutions," said Anand Gnanamoorthy, Global Research Leader, Industrial Practice. "This will encourage companies to develop an analytics strategy as well as level the playing field for smaller participants with innovative solutions."

Frost & Sullivan's recent analysis, Global Mechanical Seals Market, Forecast to 2023, assesses whether the existing competitors are structured to meet customer needs. It examines the markets for pusher, non-pusher, and dry seals in the regions of North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.

For further information on this analysis, please visit: http://frost.ly/3xd 

"Asia-Pacific will continue to be the fastest-growing region due to rapid urbanization in countries such as India and China. Meanwhile, refinery closures in Europe and Asian countries such as Japan have shifted the market's focus toward the Middle East and Africa," noted Gnanamoorthy. "Countries such as Saudi Arabia, Kuwait, Iraq, Iran, and the United Arab Emirates (UAE) will be key investment destinations as they diversify from the upstream segment."

To stay relevant in a shifting market, mechanical seals manufacturers will be specifically targeting growth opportunities presented by:

Global Mechanical Seals Market, Forecast to 2023 is part of Frost & Sullivan's global Industrial Automation & Process Control Growth Partnership Service program.

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Global Mechanical Seals Market, Forecast to 2023
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