Fluid Couplings Market The fluid couplings market valued around USD 431.1 Million in 2018 and is estimated to grow at a CAGR of around 4.1 % between 2019 & 2026.
Fluid Couplings Market
The fluid couplings market valued around USD 431.1 Million in 2018 and is estimated to grow at a CAGR of around 4.1 % between 2019 & 2026.
The report covers forecast and analysis for the fluid couplings market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historic data of 2016 to 2018 along with a forecast from 2019 to 2026 based on volume (Units) and revenue (USD Million).
The global fluid couplings market is likely to have prominent growth in the coming years and is expected to grow at a steady rate within the forecast period. There is enormous scope in the fluid couplings market owing to a variety of advantages, advance applications and growing demand in the market. Smooth power transmission, overload protection and high efficiency owing to low slip at rated duty are the superior advantages of fluid couplings that will significantly propel the market across the globe. Fluid couplings have major applications in the oil and gas industry which is one of the major factors propelling the fluid couplings market. These couplings are primarily used in reciprocating pumps, crushers, feeders, belt conveyors, process pumps, compressors, diesel locomotives, boiler feed pumps and extruders which has created humongous demand for this market.
The global fluid couplings market has been categorized on the basis of the type and end-use industry. Based on the type, the fluid couplings market is segmented into constant-fill fluid couplings and variable speed fluid couplings. The constant-fill fluid couplings are usually utilized for start-up so as to limit the torque and torsional vibration in the drive chain. Variable speed fluid couplings are majorly utilized to monitor and control the speed of the driven machine and provide smooth acceleration under heavy belt loads. Based on the application, the fluid couplings system is segmented into mining, chemicals and petrochemicals, cement, steel and metal processing, paper, paperboards, and packaging & labeling, and power generation. In heavy industry, they are utilized in crushers, roller presses, mixers, large ventilators, boiler feed pumps, large compressors, centrifuges, etc. In addition, fluid couplings are used in automotive industries for the power transmission from the engine to the wheel as an alternative to the clutch.
The rise in demand for cement production owing to the development of the infrastructure is anticipated to be a crucial driver for the fluid couplings market. For instant, in the Asia Pacific region there is an increase in the demand for cement especially in India and China which will ultimately upsurge the fluid couplings market. The secondary factor that is boosting the demand for fluid couplings is due to the superior efficiency and maintenance flexibility. The factor which might hinder the fluid couplings market is the availability of the substitute such as variable frequency drive, which may replace the fluid couplings in electric motors. Moreover, the cost incurred for the manufacturing of the fluid couplings is high as compared to the variable frequency drive.
The key players in the global fluid couplings market are ABB Ltd, Siemens AG, Voith GmbH, Altra Industrial Motion, Rexnord Corporation, Fluidomat Limited, Elecon Engineering Company Limited, Transfluid S.p.A., VULKAN Group, and KTR Systems GmbH.
This report segments the global fluid couplings market as follows:
Global Fluid Couplings Market: Type Segment Analysis
Global Fluid Couplings Market: End-Use Segment Analysis
Global Fluid Couplings Market: Regional Segment Analysis
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