Global Fluid Couplings Market 2017-2021
About Fluid Couplings
Fluid couplings are a type of hydraulic coupling that uses water or oil for the transmission of power/torque through shafts. These devices provide controlled start-up and reduce shock loads during the power transmission process. Fluid couplings are used by end-users such as oil and gas industry, metals and mining industry, chemical industry, and power plants. The global fluid couplings market is a contributing segment of the global industrial mechanical power transmission systems market.
Technavio’s analysts forecast the global fluid couplings market to grow at a CAGR of 5.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global fluid couplings market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fluid Couplings Market 2017-2021
Technavio recognizes the following companies as the key players in the global fluid couplings market: ABB, Altra Industrial Motion, Rexnord, Voith, and Siemens.
Other Prominent Vendors in the market are: KTR Systems, Fluid Hose & Coupling, Hackworth Holding (VULKAN), Ningbo Par Micro Fluid Technology, and TRANSFLUID.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is Slow growth in metal and mining price. The downturn in the mining industry is posing a major threat to the global fluid couplings market. The mining industry has seen a steep decline in prices over the past five years starting from 2013. Fall in prices is observed due to the decreasing demand from Asian countries, especially China, and a decline in investments and new mining projects undertaken in Australia.”
According to the report, one driver in the market is increased adoption in smaller motor applications. Fluid couplings use kinetic energy to transmit power. The input shaft of these devices is known as prime movers. When the driven impeller starts functioning it is only connected to the inner part of couplings, as there is no connection between the input and output shafts. Fluid couplings act as a soft starter to small motors because the speed of the motor can be easily controlled using these devices. The induction motors are most commonly used in industrial applications because they are cost-efficient and reliable.
Further, the report states that one challenge in the market is improper selection of coupling. Fluid couplings are selected based on set parameters such as torque requirement and full-load running horsepower. Fluid couplings when used in belt and conveyor applications, they fulfill the requirement of maximum starting torque and when used in other general applications such as generators, fans, blowers, and impellers they ensure smooth start. There are different fluid couplings, such as fluid couplings with gears and delay fluid fil 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.
ABB, Altra Industrial Motion, Rexnord, Voith, Siemens, KTR Systems, Fluid Hose & Coupling, Hackworth Holding (VULKAN), Ningbo Par Micro Fluid Technology, and TRANSFLUID.