ANSI Cartridge Seals Market Scope, Analysis, and Trends by 2030
ANSI Cartridge Seals Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 514.61 Million |
Market Size by 2030 | US$ 761.54 Million |
Global CAGR (2023 - 2030) | 5.8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
ANSI Cartridge Seals Market Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the ANSI cartridge seals market. A few recent key market developments are listed below:
- In 2023, The Edmonton company announced that it had sold a controlling stake in its sealing business to the UK-based AES Engineering Ltd. AES Edmonton will be formed as a result of the transaction data, which will be for an undisclosed amount. AES Edmonton will be based in brand-new facilities that follow the strictest AES standards. The company will continue to provide services to all sectors of the local economy and the Canadian sealing market.
- In January 2022, the EagleBurgmann launched CobaDGS mechanical seal, the first gas-lubricated seal to totally stop climate-critical leakage. It is a high-pressure, nitrogen-supplied dry gas seal, making it appropriate for compressors used by gas network operators. Nitrogen can be produced on-site using an optional supply unit, which will save money on transportation.
- In 2022, A.W. Chesterton Company released its newest mechanical seal product, the 1510 General Duty Single Cartridge Seal. Accompanying the recently released 1810/2810 high-performance seals, this seal represents another foundational component for Chesterton's cartridge seal portfolio and future mechanical seal business.
- In 2021, Stramek Flow Control SL, a leading industrial equipment supplier, introduced a new range of Standard Cartridge Mechanical Seals, “Auro Series- Type X, Q, S,” with features such as ISO and ANSI pumps, three modular designs, special shape seal face, Xtradiamond seal face, and XtraLast FFKM O-Rings.
- In 2020, A.W. Chesterton Company in connection with its German unit, near Munich, the company has established a new European Mechanical Seals Manufacturing Facility. In addition, the new service center provides Chesterton customers and partners with superior quality seal production, together with Chesterton's cutting-edge design of seals to improve regional services and faster response times.