Fluid Coupling Market is expected to reach USD 253.07 billion by 2030, with a CAGR of 2.4 % between 2021 and 2030. Fluid couplings are large devices that are employed in many different industries. It’s a hydrodynamic device for delivering rotational mechanical power, to be precise. Throughout the forecast period, the advantages associated with the use of fluid couplings will provide enormous growth opportunities. In the report, 2021 is considered a base year however 2021’s numbers are on the real output of the companies in the market. Special attention is given to 2021 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and a specific strategic analysis of those companies is done in the report.
Fluid Coupling Market Dynamics
The need for fluid couplings is rising as mining activity increases across the world. Fluid couplings are widely used in the mining sector. The global mining sector seeks goods that are both safe and environmentally sustainable while also increasing production. Fluid couplings are used in mining and bulk material handling equipment such as conveyors, excavators, fans, mills, mixers, pumps, and screening facilities, among other things. As mining activity grows, so does the utilization of bulk material handling devices and components, resulting in an increase in the demand for fluid couplings. Global mining production was 11.3 billion metric tonnes in 2000, according to the World Mining Congress, and has climbed at a CAGR of 2.5 percent to 16.9 billion metric tonnes in 2016. In 2016, Asia Pacific had the greatest market share of global mining production, accounting for 58.2 percent. Fluid couplings are most often used in the Asia Pacific. China and Australia are two of the four largest mining countries in the world. China is the world’s greatest producer of mining ores. As a result, increased mining production in the Asia Pacific is fuelling fluid coupling demand.
The need for smaller-capacity fluid couplings is increasing in the global fluid coupling market. The need for smaller-capacity fluid couplings is increasing as the number of power plants built for Independent Power Producers (IPP) grows. Utilities in the United States are permitted to acquire electricity from NUGs (Non-utility Generators). This guarantees that NUGs receive a fair to a great price for the energy they create and that energy generated by small producers is not squandered. The advancement of coupling technology is another trend in the global fluid coupling market Fluid coupling is made via a computer-controlled method that involves selective material deposition. Changing the resolution of material deposition layers can alter the product’s final quality. Sensors in fluid couplings are often used to transmit information about the product. Fluid couplings that can detect irregularities and provide signals to activate other devices, on the other hand, are of interest to manufacturers. Manufacturing firms are also collaborating with global OEMs, mine owners, and equipment operators to develop solutions that suit industry requirements. The increased need for natural resources and conveyors is a prominent trend in the global fluid coupling market. Manufacturers have increased the capacity limit on belt conveyors in response to the rising global demand for natural resources, resulting in bigger and longer designs that require more powerful drivers.
Fluid Couplings Market Report Scope and Segmentation
|UNIT||Value (USD Million/Billion)|
|BY REGION||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
Fluid Coupling Market Regional Insight
Oil consumption from China is growing at a strong rate in the Asia Pacific region, owing to increased demand from the transportation and petrochemical sectors. The increased sale of vehicles in China and India is driving up demand for gasoline, which in turn is driving up demand for oil. All of these reasons are driving up oil and gas consumption in India, China, and other Asia Pacific countries. In the oil and gas business, fluid couplings are commonly employed. As a result, the need for fluid couplings is growing in parallel with the demand for oil and gas. Throughout the forecast period, EMEA will be the largest revenue contributor to the fluid couplings market. The presence of the oil and gas and power plant sectors in this area, as well as an increase in fluid coupling installations in the mining industry for high-pressure applications such as mineral extraction, will propel the fluid couplings market in this region forward.
• Landscape analysis of the Fluid Coupling Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • The potential impact of micro-economic factors on the market • External and Internal factors affecting the market have been analyzed The report also helps in understanding the Fluid Coupling Market dynamics, and structure by analyzing the market segments to project the Fluid Coupling Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Fluid Coupling Market make the report investor’s guide.
|Fluid Coupling Market|
|Base Year:||2021||Forecast Period:||2022-2030|
|Historical Data:||2017 to 2021||Market Size in 2021:||US $ 219.50 Bn.|
|Forecast Period 2022 to 2027 CAGR:||2.4 %||Market Size in 2027:||US $ 253.07 Bn.|
|Segments Covered:||by Type||• Constant-fill Fluid Couplings • Variable Speed Fluid Couplings|
|by Industry||• Mining • Chemicals and Petrochemicals • Oil & gas • Steel and Metal Processing • Paper, Paperboards, and Packaging &Labeling • Power Generation • Others (Food & Beverage, Pharmaceuticals, Water & Wastewater Management)|
Fluid Coupling Market, by Region
- North America
- The Netherlands
- Czech Republic
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Northern Africa
- Rest of MEA
Fluid Coupling Market Key Players
• ABB Ltd • Siemens AG • Voith GmbH • Altra Industrial Motion • Rexnord Corporation • Fluidomat Limited • Elecon Engineering Company Limited • Transfluid S.p.A. • VULKAN Group • KTR Systems GmbH • Flender • Westcar S.r.l. • Ningbo Parmicro Fluid Technology • Fluid Hose & Coupling Inc. • Shanghai JIAOHUA Fluid coupling Co., ltd.