What is the global market size of Fluid Couplings Market?

Global Fluid Couplings Market size was valued at USD 1 billion in 2021 and is poised to grow from USD 1.04 billion in 2022 to USD 1.52 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).

Who are the key vendors in the Global Fluid Couplings Market?

The firms use important market trends for fluid couplings as well as organic and inorganic growth tactics. Organic growth methods, including new launches, product approvals, patents, and events, are a priority for many businesses. Acquisitions, partnerships, and collaborations constituted the market's observed inorganic growth plan activities. These actions have made it possible for market participants to grow their consumer bases and operations. With the growing demand for fluid coupling on the global market, market participants in the fluid coupling sector are projected to benefit from lucrative growth prospects in the future. 'ABB Ltd ', 'Siemens AG', 'Voith GmbH', 'Altra Industrial Motion Corp.', 'Rexnord Corporation', 'Timken Company', 'Regal Beloit Corporation', 'KTR Systems GmbH', 'Fluidomat Limited', 'Elecon Engineering Company Limited', 'Lovejoy, Inc.', 'Transfluid S.p.A.', 'Vulkan Group', 'Centa Antriebe Kirschey GmbH', 'Sibre - Siegerland Bremsen GmbH', 'Mayr GmbH + Co. KG', 'Cross+Morse Ltd', 'VULKAN do Brasil Ltda.', 'Tsubakimoto Chain Co.', 'The Rowland Company'

Fluid Couplings Market Size, Share, Growth Analysis, By Type(Constant-fill Fluid Couplings, Fill-controlled Fluid Couplings), By Application(Oil, Gas Industry, Metals, Mining Industry), By Distribution Channel(Direct Sales and Indirect Sales), By Region - Industry Forecast 2025-2032

Q: What is the key market trend for Global Fluid Couplings Market?

A significant trend in the global fluid coupling market is the development of coupling technologies. A computer-controlled technique that involves selective material deposition is used to create fluid coupling. The ultimate quality of the product can change if the resolution of the material deposition layers is changed. Information about the product is frequently transmitted via sensors in fluid couplings. On the other hand, manufacturers are keen on fluid couplings that can recognize anomalies and send signals to activate other devices. Aside from working with international OEMs, mine owners, and equipment operators, manufacturing companies are also doing so to create solutions that meet industry standards.

Report ID: SQSG10B2008 | Region: Global | Published Date: February, 2024
Pages: 224 | Tables: 90 | Figures: 76

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Fluid Couplings Market size was valued at USD 1 billion in 2019 and is poised to grow from USD 1.04 billion in 2023 to USD 1.52 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).

The firms use important market trends for fluid couplings as well as organic and inorganic growth tactics. Organic growth methods, including new launches, product approvals, patents, and events, are a priority for many businesses. Acquisitions, partnerships, and collaborations constituted the market's observed inorganic growth plan activities. These actions have made it possible for market participants to grow their consumer bases and operations. With the growing demand for fluid coupling on the market, market participants in the fluid coupling sector are projected to benefit from lucrative growth prospects in the future. 'ABB Ltd ', 'Siemens AG', 'Voith GmbH', 'Altra Industrial Motion Corp.', 'Rexnord Corporation', 'Timken Company', 'Regal Beloit Corporation', 'KTR Systems GmbH', 'Fluidomat Limited', 'Elecon Engineering Company Limited', 'Lovejoy, Inc.', 'Transfluid S.p.A.', 'Vulkan Group', 'Centa Antriebe Kirschey GmbH', 'Sibre - Siegerland Bremsen GmbH', 'Mayr GmbH + Co. KG', 'Cross+Morse Ltd', 'VULKAN do Brasil Ltda.', 'Tsubakimoto Chain Co.', 'The Rowland Company'

In the worldwide fluid coupling market, there is a growing need for fluid couplings with smaller capacities. The number of power plants constructed for Independent Power Producers (IPP) is rising, which is driving up the demand for fluid couplings with smaller capacities. In the US, utilities are allowed to purchase electricity from NUGs (Non-utility Generators). This ensures that energy produced by small producers is not wasted and that NUGs are paid a reasonable to an excellent price for it.

A significant trend in the fluid coupling market is the development of coupling technologies. A computer-controlled technique that involves selective material deposition is used to create fluid coupling. The ultimate quality of the product can change if the resolution of the material deposition layers is changed. Information about the product is frequently transmitted via sensors in fluid couplings. On the other hand, manufacturers are keen on fluid couplings that can recognize anomalies and send signals to activate other devices. Aside from working with international OEMs, mine owners, and equipment operators, manufacturing companies are also doing so to create solutions that meet industry standards.

In 2021, the Asia-Pacific region held the largest market share. Due to rising demand from the transportation and petrochemical industries, China's oil consumption is increasing quickly throughout the Asia-Pacific area. Demand for oil is rising as a result of the rise in car sales in China and India, which also increases the demand for gasoline. These factors increase India, China, and other Asia Pacific nations' use of oil and gas. The use of fluid couplings is ubiquitous in the oil and gas industry. Because of this, the need for fluid couplings is increasing at the same time as the demand for oil and gas. The market for fluid couplings is expanding as a result of increased production of renewable energy sources and expansion in the power industry, particularly in the Asia Pacific.

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Fluid Couplings Market Size, Share, Growth Analysis, By Type(Constant-fill Fluid Couplings, Fill-controlled Fluid Couplings), By Application(Oil, Gas Industry, Metals, Mining Industry), By Distribution Channel(Direct Sales and Indirect Sales), By Region - Industry Forecast 2025-2032

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