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Oct 1, 2020 11:11 AM ET

Fluid Couplings Market is set for a Rapid Growth and is expected to Reach USD 594.5 Million by 2026

iCrowd Newswire - Oct 1, 2020

Zion Market Research has published a new report titled “Fluid Couplings Market Report by Type (Constant-fill Fluid Couplings and Variable Speed Fluid Couplings), by End-Use Industry (Mining, Chemicals and Petrochemicals, Cement, Steel and Metal processing, Paper, Paperboards, and Packaging & Labeling, and Power Generation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2026.”According to the report, the Fluid Couplings Market accounted for USD 431.1 Million in 2018 and is expected to reach USD 594.5 Million by 2026, growing at a CAGR of around 4.1 % between 2019 and 2026.

The global fluid couplings market is likely to observe noticeable growth over the years. The fluid couplings use oil or water for the transmission of power or torque through shafts. These devices provide controlled start-up and reduce shock loads at the time of the power transmission process. The growing usage of fluid couplings to transmit power during hydrodynamic transmissions is likely to propel the growth of the global fluid couplings market. The increasing demand for oil & gas in China, India, and other Asia Pacific countries is boosting the oil & gas industry growth, which ultimately driving the demand for fluid couplings as these couplings are widely used in the oil & gas industry.

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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. The variable speed fluid couplings segment is estimated to grow at a faster pace within the forecast period, owing to the major usage in order to monitor and control the speed of the driven machine and provide smooth acceleration under heavy belt loads. On the basis of application, the fluid couplings system market is segmented into mining, chemicals and petrochemicals, cement, steel and metal processing, paper, paperboards, and packaging & labeling, and power generation.  In heavy industries such as chemicals & petrochemicals, mining, steel & metal processing, and power generation, 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. All these aspects are estimated to bolster the growth of the global fluid couplings market.

The key players in the global fluid couplings market are ABB Ltd, Voith GmbH, Siemens AG, Altra Industrial Motion, Rexnord Corporation, Fluidomat Limited, Transfluid S.p.A., Elecon Engineering Company Limited 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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Keywords:    Fluid Couplings Market

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