Rising Demand for High Ambient Temperature Applications to Provide Growth Opportunities for ANSI Cartridge Seals Market During 2023–2030
According to our latest market study on "ANSI Cartridge Seals Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application," the market is expected to grow from US$ 514.61 million in 2023 to US$ 761.54 million by 2030; it is estimated to register a CAGR of 5.8% from 2023 to 2030.
A cartridge seal is used in water pumps to provide reliable and efficient sealing solutions. TF Seals USA offers cartridge mechanical seal: PZ46 and cartridge mechanical seal: PZ47 for water and water management applications. Both seals are able to handle an operating temperature range from -50°C to 204°C/-58°F to 400°F and -30˚C to 205˚C/-20˚F to 400˚F, respectively. KSB SE & Co. KGaA, a Germany-based company, has launched water pumps for high ambient temperatures. In this pump, a double cartridge seal is used. The cartridge can be replaced as a complete unit. The pump is capable of transferring fluids with a temperature of up to 40°C and operating in environments with a temperature of up to 55°C. It gives an advantage to the pump to be used in high-temperature countries where the pumps are often dry-installed in air-conditioned rooms. Such development in the cartridge seal is helping boost the adoption of the seal in high-temperature countries, further fueling the ANSI cartridge seals market growth.
ANSI Cartridge Seals Market – by Geography, 2022
ANSI Cartridge Seals Market Forecast to 2030 - Global Analysis by Type (Single Cartridge Seals and Dual Cartridge Seals) and Application (Chemical & Petrochemical Industry, Pharmaceutical Industry, Food & Beverage Industry, and Others)
ANSI Cartridge Seals Market Size, Analysis Report 2030
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Source: The Insight Partners Analysis
North America is home to many top ANSI cartridge market players, such as Flowserve, Chesterton, and AESSEAL. These players have a strong global presence, making North America a prominent market for ANSI cartridge seals. The chemical & petrochemical sector in North America is growing rapidly. The mechanical seals are basic and reliable in operating the pumps used in petrochemical and oil & gas industries. ANSI cartridge seals are important in preventing leakages in these industries. Thus, with the growth of petrochemical and oil & gas industries, the market for ANSI cartridge seals is also estimated to grow. The oil & gas sector in North America is continuously rising. In 2018, the US surpassed Russia and Saudi Arabia in oil production and became the world's top crude oil producer, generating 15% of global crude oil. Thus, the ANSI cartridge seals market is anticipated to flourish in the future owing to the expansion of the oil & gas sector in North America.
North America is known for technological advancements, and the companies spend huge sums in research and development, which provides North America an edge over other regions in upgrades related to the manufacturing of cartridge seals. For instance, mechanical seals designed in the past, posed numerous hazards as they were not that reliable. Most seal vendors offer repair and replacement of old units but need a bigger timeframe, making it difficult for operators to combine seal upgrades with ordinary maintenance tasks. Flowserve Quick Response Centers (QRCs) provide completely engineered seal upgrades in 72 hours or less, allowing operators to switch to an optimized seal design during scheduled pump downtime. Owing to such developments, North America is witnessing a surge in demand for cartridge seals, which is propelling the overall ANSI cartridge seals market growth in the region.
The ANSI cartridge seals market is segmented into type and application. Based on type, the market is segmented into single cartridge seals and dual cartridge seals. Based on application, the ANSI cartridge seals market is categorized into chemical & petrochemical industry, pharmaceutical industry, food & beverage industry, and others.
Flowserve Corp, EagleBurgmann Germany GmbH & Co KG, John Crane, AESSEAL Plc, and A W Chesterton Co are among the key ANSI cartridge seals market players profiled in the report. Several other major ANSI cartridge seals market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The report provides detailed market insights, which helps the key players strategize their growth.
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