What is Global Couplings Market?
The Global Couplings Market is a vast and intricate sector that plays a crucial role in various industries worldwide. Essentially, couplings are devices used to connect two shafts together at their ends for the purpose of transmitting power. The global market for these devices is extensive, encompassing a wide range of different types of couplings used in various applications. The market's value was estimated at US$ 25440 million in 2022, and it is projected to grow to US$ 26170 million by 2029, expanding at a compound annual growth rate (CAGR) of 0.4% during the forecast period from 2023 to 2029. The top three global manufacturers of these devices collectively hold a market share of over 5%.
Non-Shifting, Shifting, Hydrodynamic, Magnetic in the Global Couplings Market:
In the Global Couplings Market, there are several types of couplings, including Non-Shifting, Shifting, Hydrodynamic, and Magnetic. Non-Shifting couplings are typically used in applications where the connected shafts are required to maintain a fixed orientation relative to each other. Shifting couplings, on the other hand, allow for some degree of misalignment between the connected shafts. Hydrodynamic couplings use a fluid to transmit power, while Magnetic couplings use magnetic fields. Each of these types of couplings has its own unique advantages and disadvantages, and their usage varies depending on the specific requirements of the application.
Power Generation, Mining, Papermaking, Others in the Global Couplings Market:
The Global Couplings Market finds usage in several areas, including Power Generation, Mining, Papermaking, among others. In Power Generation, couplings are used to connect generators to turbines, enabling the transmission of power. In Mining, they are used in various types of machinery, such as conveyors and crushers, to transmit power from the motor to the machine. In Papermaking, couplings are used in the machinery that processes the pulp and produces the paper. Other areas where couplings are used include the automotive industry, the manufacturing sector, and the construction industry, among others.
Global Couplings Market Outlook:
To put the Global Couplings Market outlook into perspective, the market was valued at a significant US$ 25440 million in 2022. The market is expected to experience a steady growth, reaching an estimated value of US$ 26170 million by 2029. This growth represents a compound annual growth rate (CAGR) of 0.4% during the forecast period from 2023 to 2029. It's also worth noting that the top three manufacturers in the global market hold a share of over 5%, indicating a relatively concentrated market.
| Report Metric | Details |
| Report Name | Couplings Market |
| Accounted market size in 2022 | US$ 25440 in million |
| Forecasted market size in 2029 | US$ 26170 million |
| CAGR | 0.4% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Siemens, Voith Turbo, SKF, Regal Beloit, ABB, Altra Industrial Motion, Rexnord, CENTA, Vulkan, John Crane, Taier Heavy, Renold, Eriks, Tsubakimoto Chain, Lovejoy, Ruland |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
