Couplings Market to grow by USD 205.7 million between 2024-2028
According to a research report “ Couplings Market” by Product (Elastomeric couplings, Metallic couplings, Mechanical couplings, Others) Application (Power generation, Metal and mining, Papermaking, Automotive, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 205.7 million at a CAGR of almost 1.73% during the forecast period. The couplings market is poised for growth due to the increasing emphasis on reducing greenhouse gas emissions, particularly from coal-fired power plants. These plants account for approximately 30% of carbon dioxide emissions from the energy sector. Regulatory pressure to meet emission targets is driving the demand for advanced couplings that help control emissions. For instance, China, the world's largest greenhouse gas emitter, aims to achieve carbon neutrality by 2060, creating a significant market opportunity..
Browse market data tables, figures, and in-depth TOC on “Couplings Market” by Product (Elastomeric couplings, Metallic couplings, Mechanical couplings, Others) Application (Power generation, Metal and mining, Papermaking, Automotive, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028.
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By Product, the Elastomeric couplings segment is projected to dominate the market size in 2024.
In the business landscape, the couplings market plays a pivotal role in facilitating the seamless connection of various machinery components. These essential elements enhance system efficiency, minimize downtime, and ensure optimal performance. By providing reliable and robust solutions, couplings contribute significantly to the productivity and profitability of industries.
By Application, Power generation segment is expected to hold the largest market size for the year 2024.
In the business landscape, the couplings market plays a pivotal role in facilitating the seamless connection of various machinery components. These essential elements enhance system efficiency, minimize downtime, and ensure optimal performance. By providing reliable and robust solutions, couplings contribute significantly to the productivity and profitability of industries.
APAC is forecasted to hold the largest market size by region in 2024.
In the business landscape, the couplings market plays a pivotal role in facilitating the seamless connection of various machinery components. These essential elements enhance system efficiency, minimize downtime, and ensure optimal performance. By providing reliable and robust solutions, couplings contribute significantly to the productivity and profitability of industries.
The Couplings Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
In the industrial sector, selecting the appropriate torque-limiting couplings is crucial for interconnected components, such as rotating shafts in pumps, motors, and driving engines. These mechanical mechanisms ensure the separation of shafts while managing misalignment and end motion. Torque limit is a significant consideration in the usage and lifespan of these components. The market for industrial couplings caters to various sectors, including automotive, where power transmission between components is essential. Vendors prioritize part quality to ensure productivity and longevity. Torques, a critical factor, are managed through the design and implementation of these coupling devices. Relative axial motion is another consideration in the selection and application of torque-limiting couplings. The rotation mechanism of these components is vital in maintaining efficient power transfer while minimizing potential damage due to excessive torque. In summary, the couplings market focuses on providing solutions for managing torque in interconnected components, ensuring productivity, longevity, and efficient power transfer in various industrial applications.
Market Research Overview
In the industrial sectors, rapid development has led to an increased demand for power transmission components such as couplings. Jaw-type couplings are commonly used in the connection of interconnected components like mixers, blowers, pumps, conveyors, compressors, and engine systems. These couplings ensure vibration attenuation and prevent misalignment between rotating shafts. The market for industrial couplings includes various types such as hydraulic, motor, rigid, flexible, safety, mechanical flexing, metallic, and elastomeric couplings. The selection of a specific coupling type depends on factors like torque limit, shaft distances, and the application's usage and lifespan. The automotive sector, renewable energy, vehicle sector, food and beverage, cement output, and mining industries are significant consumers of industrial couplings. In the post-pandemic world, initiatives by the International Energy Agency, governments, and companies like Geely Holding Group and Renault to adopt smart manufacturing practices and automation have further boosted the market's growth. Coupling vendors focus on part quality, productivity, and efficiency to meet user demand. The usage of advanced materials like aluminum and the development of the Rotex family of expansions by KTR Systems have contributed to the industry's expansions. The market's future growth is expected to be influenced by factors like gross domestic product, 5G infrastructure, and contactless operation in essential sectors.
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