Global Fluid Couplings Market 2017-2021

Overview of the global fluid couplings market

According to Technavio’s research analysis, the high-energy efficiency and maintenance flexibility of these couplings will be one of the major factors that will have a positive impact on the growth of the global fluid couplings market till 2021. Fluid couplings work with high efficiency levels under severe environmental conditions. Moreover, the maintenance of fluid couplings can be planned for a longer time interval due to the lesser wear and tear during power transmission. Unlike electrical drive systems, such as variable speed drives, fluid couplings require lesser investment for maintenance. By absorbing shocks and dampening torsional vibrations, these couplings help in increasing the service life of both the driver and driven machines and reduce the overall downtime. Owing to such benefits, the coming years will witness a considerable increase in the need for fluid couplings, fueling market growth. Our market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

Fluid couplings that are usually used in high power transmission applications are made of steel or aluminum. Printing can also be done with increased utilization of metals such as stainless steel and titanium for industrial grade couplings. Moreover, the utilization of sensors in fluid couplings has induced manufacturers to introduce connected fluid couplings that can detect abnormalities and send signals to activate other devices, such as other safety couplings, torque limiters, and other equipment connected to powertrains.

Competitive landscape and key vendors  

The fluid couplings market consists of established vendors who follow the market trend and concentrate more on the discrete industries that prefer real-time data recording in the transmission of power and torque. In the coming years, the market will witness the entry of new fluid coupling manufacturers and the vendors will focus on following the standard specifications to make installations of fluid couplings easy.

The leading vendors in the market are –

• ABB
• Altra Industrial Motion
• Rexnord
• Voith
• Siemens

The other prominent vendors in the market are KTR Systems, Fluid Hose & Coupling, Hackworth Holding (VULKAN), Ningbo Par Micro Fluid Technology, and TRANSFLUID.

Segmentation by end-user and analysis of the fluid couplings market

• Oil and gas industry
• Metals and mining industry
• Chemicals industry
• Power plants

During 2016, the oil and gas industry was the major end-user to the fluid couplings market. Factors such as the increasing usage of fluid couplings to transmit power and pump out shafts to the input shafts of turbines during hydrodynamic transmissions will contribute to the growth of the market in this end-user segment.

Geographical segmentation and analysis of the fluid couplings market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the fluid couplings market throughout the forecast period. The strong presence of oil and gas and power plant industries in this region and the rise in installations of fluid couplings in the mining industry for high-pressure applications such as the extraction of minerals, will drive the growth of the fluid couplings market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global fluid couplings market?
• What are the key market trends impacting the growth of the global fluid couplings market?
• What are the challenges to market growth?
• Who are the key vendors in the global fluid couplings market?
• What are the market opportunities and threats faced by the vendors in the global fluid couplings market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global fluid couplings market?

Technavio also offers customization on reports based on specific client requirement.