Global Fluid Coupling Market - Snapshot

There is a good opportunity for growth of the global fluid coupling market in the power generation sector. Elecon Engineering Company Ltd estimates good opportunity for growth of fluid coupling in power equipment, power transmission, power distribution, and power generation. The expected potential of investment is estimated to be US$ 225 billion till 2022.

According to International Energy Agency (IEA), in 1990, global energy generation was 8,774 Mtoe (Million tons of oil equivalent) which has increased at a CAGR of 1.8% to reach 13,647 Mtoe in 2015. Asia Pacific had a market share of 29.3% in 1990 which has increased to 47.7% in 2015. In both China and India, respective governments are taking steps to increase energy production. Government of India (GoI) intends to increase renewable energy production by 175 GW by 2022 and increase wind energy production from the current 20 GW to 60 GW by 2022. Thus, with increasing growth of the global power sector, especially in Asia Pacific, the power industry is subsequently expected to drive the demand for fluid couplings.

fluid-coupling-market.jpg

Fluid couplings are heavy industrial devices. Although they require periodic servicing, they are less replaceable in the short term. Additionally, the price of variable-speed fluid couplings is comparatively higher than constant-fill or constant speed fluid couplings. These factors are restraining the growth of the global fluid coupling market.

A growing trend in the global fluid coupling market is the rising demand for smaller-capacity fluid couplings. Rising construction of power plants for Independent Power Producers (IPP) is creating demand for smaller-capacity fluid couplings. In the U.S, utilities are allowed to purchase energy from NUGs (Non-utility Generators).This allows NUGs to receive a reasonable to excellent price for the energy they produce and ensures that energy generated by small producers will not be wasted.

Another trend seen in the global fluid coupling market is the improvement in coupling technology. The manufacturing process for fluid coupling involves selective material deposition using precise computer control. Final quality of the product can be modified by changing the resolution of material deposition layers.

Sensors in fluid couplings are usually only meant to send data about the product. However, manufacturers are interested in fluid couplings that can detect abnormalities and send signals to activate other devices. Manufacturing companies are also working closely with international OEM’s, mine owners, and equipment operators to manufacture systems that meet industry needs and standards.

A significant trend seen in the global fluid coupling market is the growing demand for natural resources and conveyors. Worldwide growing demand for natural resources has made manufacturers increase the capacity limit on belt-conveyors, resulting in larger and longer designs that require more powerful drives.

Based on type, the global fluid coupling market is segmented into constant-fill fluid couplings and variable speed fluid couplings. Based on industry, the market is segmented into mining, chemicals and petrochemicals, cement, steel and metal processing, paper, paperboards and packaging &labeling, power generation and others (food & beverage, pharmaceuticals, water & wastewater management).

Geographically, the global fluid coupling market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The regional fluid coupling markets have been analyzed in terms of value in US dollars (US$) and volume in thousand units. Prominent countries profiled in the report include Canada, the U.S, U.K., France, Germany, Italy, Japan, China, India, GCC countries, South Africa, and Brazil.

Company profiles of major players include overview of the company, major business strategies, and key developments. The companies profiled in the global fluid coupling market include ABB Ltd, Siemens AG, Voith GmbH, Altra Industrial Motion, Rexnord Corporation, Fluidomat Limited, Elecon Engineering Company Limited, Transfluid S.p.A., VULKAN Group, and KTR Systems GmbH.

Global Fluid Coupling Market: Overview

This report on the global fluid coupling market provides analysis for the period 2016–2026, wherein 2017 is the base year and the period from 2018 to 2026 is the forecast period. Data for 2016 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and technology advancements that are expected to influence the expansion of the fluid coupling market during the said period. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of value estimates (US$ Mn) and volume estimates (Thousand Units) across different geographies.

Global Fluid Coupling Market: Trends and Opportunities

Rise in mining activity across the world is increasing the demand for fluid couplings. Mining industry is a major consumer of fluid couplings. The global mining industry wants products that are safe, environment friendly, and that increases mining productivity. Fluid couplings are an integral part of conveyors, excavators, fans, mills, mixers, pumps, and screening plants among others which are used in mining and bulk material handling equipment. With increasing mining activity, there is rising usage of machines/ components used in bulk material handling which are subsequently increasing the demand for fluid couplings.

According to World Mining Congress, global mining production was 11.3 Bn metric tons in 2000 which has increased at a CAGR of 2.5% to reach a production of 16.9 Bn metric tons in 2016. In 2016, Asia Pacific held the largest market share of 58.2% in global mining production. Asia Pacific is the largest consumer of fluid couplings. Among the four biggest mining countries, two are in Asia Pacific: China and Australia. China is the largest producer of mining ores in the world. Thus, rising mining production in Asia Pacific is driving the demand for fluid couplings.

Global Fluid Coupling Market: Key Segments

Based on type, the global fluid coupling market is segmented into constant-fill fluid couplings and variable speed fluid couplings. Based on industry, the market is segmented into mining, chemicals and petrochemicals, cement, steel and metal processing, paper, paperboards and packaging & labeling, power generation and others (food & beverage, pharmaceuticals, water & wastewater management).

Geographically, the global fluid coupling market is divided into regions such as North America, Europe, Asia Pacific, Middle East &Africa, and South America. The regional fluid coupling markets have been analyzed in terms of value in U.S dollars (US$) and volume in thousand units. Prominent countries profiled in the report include the U.S, Canada, Germany, U.K., France, Italy, China, India, Japan, GCC, South Africa, and Brazil.

Global Fluid Coupling Market: Scope of the Study

The report includes Porter’s Five Force Analysis, which highlights suppliers’ bargaining power, buyers’ bargaining power, threat from new market players, threat of substitution, and level of competition among fluid coupling manufacturers. Value chain analysis, raw material manufacturers including third-party raw material suppliers, fluid coupling manufacturers, and end-use industries such as oil & gas, cement, power generation, mining, chemical among others are also covered in the report. Key findings which include trend analysis at global and regional levels and each segment’s incremental opportunity analysis have also been added in the report. The report also covers incremental opportunity analysis ofa segment’s attractiveness on the basis of market share index and CAGR across North America, Europe, Asia Pacific, Middle East &Africa, and South America.

Global Fluid Coupling Market: Competitive Landscape

The report also includes market share analysis of major players operating in the global fluid coupling market based on their 2017 revenues, competition landscape, which includes competition matrix, and geographical spread. The report benchmarks leading companies on the basis of their capabilities and potential to grow. Factors including R&D focus are attributed to a company’s capabilities, market position, and offerings. Factors including revenue growth, market share, segmental growth, infrastructure facilities, and future outlook are attributed to a company’s’ potential to grow.

Company profiles of major players include overview of company, major business strategies, and key developments. The companies profiled in the global fluid coupling market include ABB Ltd, Siemens AG, Voith GmbH, Altra Industrial Motion, Rexnord Corporation, Fluidomat Limited, Elecon Engineering Company Limited, Transfluid S.p.A., VULKAN Group, and KTR Systems GmbH among others.

The global fluid coupling market is segmented as below:

Global Fluid Coupling Market, by Type

  • Constant-fill Fluid Couplings
  • Variable Speed Fluid Couplings

Global Fluid Coupling Market, by Industry

  • Mining
  • Chemicals and Petrochemicals
  • Cement
  • Steel and Metal Processing
  • Paper, Paperboards and Packaging &Labeling
  • Power Generation
  • Others (Food & Beverage, Pharmaceuticals, Water & Wastewater Management)

Global Fluid Coupling Market, by Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America
.