One trend in market is growth in nuclear power generation. In nuclear power generation, cartridge seals are used is various application, for application such as cooling water and condensate pump, residual heat removal pump, feed pump, end suction pump, charging pump, and other applications. Therefore, growth in nuclear power generation capacity is expected to drive the demand for cartridge seal market. The nuclear power sector is slowly gaining momentum and is set to grow globally during the forecast period. Until January 2017, the world had 447 commercial nuclear power reactors in about 31 countries. The total existing capacity is more than 391,386 MW, and another 60 nuclear reactors are under construction. The nuclear power sector generates about 11% of the world's electric power with zero CO2 emissions, making it even more popular among environmentalists.
APAC led the majority market share during 2016 and is expected to grow further in the during the forecast period. Factors like investments to increase offshore production, rising demand for water and wastewater infrastructure, and rising demand for cartridge seals in pharmaceutical industries propel the growth of the market in the region.
The Cartridge Seals market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Cartridge Seals.
This report presents the worldwide Cartridge Seals market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
GARLOCK FAMILY OF COMPANIES
Cartridge Seals Breakdown Data by Type
Cartridge Seals Breakdown Data by Application
Oil and Gas
Chemical and Petrochemical
Water and Wastewater
Cartridge Seals Production by Region
Cartridge Seals Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Cartridge Seals status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Cartridge Seals manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Cartridge Seals :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Cartridge Seals market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.