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Global Dry Gas Seal for Compressor Market Set for Growth Amid Rising Demand in Oil & Gas and Petrochemical Industries | Valuates Reports
Dry Gas Seal for Compressor - Market SizeThe global market for Dry Gas Seal for Compressor was estimated to be worth US$ 406.3 million in 2023 and is forecast to a readjusted size of US$ 628.5 million by 2030 with a CAGR of 6.7% during the forecast period 2024-2030
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Growing Demand in Oil and Gas Industry: The oil and gas industry is a major consumer of compressors, and the demand for dry gas seals has been influenced by the growth in exploration and production activities. As oil and gas operations expand, the need for reliable sealing solutions in compressors has increased.
Advancements in Technology: Ongoing advancements in materials and design have enhanced the performance and reliability of dry gas seals. Manufacturers are investing in research and development to create seals that can withstand higher pressures, temperatures, and harsh operating conditions.
Global Expansion: The demand for compressors and associated sealing technologies, including dry gas seals, has been influenced by global economic trends. As industrialization continues in various regions, the need for reliable compression systems is likely to drive market growth.
By Type
• Centrifugal Compressor Dry Gas Seal
• Screw Compressor Dry Gas Seal
By Application
• Oil & Gas
• Power Industry
• Chemical Industry
Key Companies
John Crane, EagleBurgmann, Flowserve, AESSEAL, Meccanotecnica Umbra, VULCAN, Garlock, Sunnyseal, Oerlikon Balzers, KSB, Colossus, Sulzer, Flex-A-Seal, Chesterton, Valmet, Ekato, Xi'an Yonghua, Fluiten, James Walker, Sinoseal Holding, Dandong Colossus Group, Chengdu YitongSeal
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