Subscribe to our
weekly newsletter

Latest Products and Breaking News

Growth in Renewable Power to Boost the Global Fluid Couplings Market - Technavio

 

Ask an Application Question



You may attach a file for consideration:

No file selected
 

 

or

 

 

... sending ...

... please wait ...

 

Technavio Global Fluid Couplings Market Report

Technavio has published a new market research report on the global fluid couplings market from 2017-2021. (Graphic: Business Wire)

London - The global fluid couplings market is expected to grow at a CAGR of more than 5% during the period 2017-2021, according to a new market research study by Technavio.

The report categorizes the global fluid couplings market by end-user, including the oil and gas industry, metals and mining industry, chemicals industry, and power plants. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Market driver: growth in renewable power generation

Renewables sources of energy have become cost-competitive compared with fossil fuels and are being used as primary sources of energy in many countries. In 2016, renewable energy accounted for more than 50% share of the energy mix in several European countries, including Norway, Iceland, and Sweden due to the enforcement of stringent emission norms by governments across the region. Fluid couplings are used mainly in power generation facilities to connect output shaft of motors to turbines' input shaft. These devices not only provide smooth start and torque control but also protect the equipment from shock overloads.

According to Kalle Deepak, a lead analyst at Technavio for automation research, “As renewable sources of energy gain popularity across the world, the demand for onshore oil and gas pipelines will be affected. The increase in the number of renewable power plants will drive the demand for high-quality fluid couplings that would be used in power plants for power transmission from motors to turbines.”

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Market trend: improvement in coupling technology

Fluid couplings that are generally used in high power transmission applications are made of steel or aluminum. The manufacturing process involves selective material deposition using precise computer control. The quality of the final product can be adjusted by changing the resolution of material deposition layers. Sensors in fluid couplings are usually only meant to send statistics about torque and load applied. However, manufacturers are interested in connected fluid couplings that can detect abnormalities and send signals to activate other devices, such as other safety couplings, torque limiters, and other equipment connected to powertrains.

Market challenge: improper selection of coupling

There are different fluid couplings, such as fluid couplings with gears and delay fluid fill chambers and fluid couplings with hollow shaft mount, available in the market and each of these is designed to meet the requirements of specific applications. An appropriate fluid coupling should be selected based on the application and torque requirement because an inappropriate device may cause failure and reduce efficiency drastically.

Key vendors in the market:

  • ABB
  • Altra Industrial Motion
  • Rexnord
  • Voith
  • Siemens

The global fluid couplings market is growing at a stable rate due to the presence of a respectable number of established vendors. Vendors are following the market trend and focusing more on the discrete industries that prefer real-time data recording in the transmission of power and torque. Vendors are focusing on expanding their services and are offering customized solutions based on users' requirements to retain their market share.

Get a sample copy of the global fluid couplings market report free of cost

Access Technavio’s continuously growing automation research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

 

Technavio
36 Toronto Street #505
Toronto , Ontario M5C 2C5
Canada


 
© Content credits: Some of this page uses material from www.technavio.com .