Global Fluid Couplings Market

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


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

Fluid Couplings Market Insights

Fluid Couplings Market size was valued at USD 1.04 Billion in 2023 and is poised to grow from USD 1.08 Billion in 2024 to USD 1.59 Billion by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032).

Due to the rising use of centrifuges & reciprocating pumps, mixers & agitators, crushers & grinding mills, and mills, among others, across numerous industrial fields, the worldwide fluid coupling market is predicted to grow at a high CAGR over the forecast period. Additionally, the need for fluid coupling is anticipated to increase due to the general industrial sector's rapid expansion, particularly in the mining, food and beverage, construction, pharmaceutical, and power sectors.

Fluid coupling is often purchased by end users all around the world through various online and offline sales channels. However, key customers that choose custom fluid coupling with precise specifications for size, style, and material are more likely to create demand through direct sales. However, the supply chain cycle is impacted and trade obstacles are raised by changes in government policy and rising geopolitical tension.

One of the biggest problems facing the world's fluid coupling manufacturers is the high cost of R&D and technology. A threat to the expansion of the fluid coupling market is anticipated to come from the availability of substitutes in a number of industrial sectors for light-duty applications like clutches, gears, and other coupling materials.

Heavy industrial machinery includes fluid couplings. The increasing demand for fluid couplings with smaller capacities is a developing trend in the world market for fluid couplings. Untouched by a machine, fluid coupling is a device that permits a controlled amount of slip between input and output and between drive and drive. Therefore, fluid couplings provide engineers with a number of advantages in a wide range of power transfers. These benefits include smooth grip, torsional isolation (important between a diesel engine and its load), control start, slower acceleration, overload protection, power savings, precision speed control, and long-term dependability of the drive without mechanical contact between the transmission elements.

US Fluid Couplings Market is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Fluid Couplings Market

Report ID: SQSG10B2008

$5,300
BUY NOW GET FREE SAMPLE