Global Fluid Couplings Market

Global Fluid Couplings Market Size, Share, Growth Analysis, By Type(Constant-fill Fluid Couplings, Fill-controlled Fluid Couplings), By Application(Oil, Gas Industry), By Distribution Channel(Direct Sales and Indirect Sales) - Industry Forecast 2023-2030


Report ID: SQSG10B2008 | Region: Global | Published Date: February, 2024
Pages: 224 | Tables: 90 | Figures: 76

Global Fluid Couplings Market Insights

Global Fluid Couplings Market size was valued at USD 1 billion in 2021 and is poised to grow from USD 1.04 billion in 2022 to USD 1.52 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).

Due to the rising use of centrifuges & reciprocating pumps, mixers & agitators, crushers & grinding mills, and mills, among others, across numerous industrial fields, the worldwide fluid coupling market is predicted to grow at a high CAGR over the forecast period. Additionally, the need for fluid coupling is anticipated to increase due to the general industrial sector's rapid expansion, particularly in the mining, food and beverage, construction, pharmaceutical, and power sectors.

Fluid coupling is often purchased by end users all around the world through various online and offline sales channels. However, key customers that choose custom fluid coupling with precise specifications for size, style, and material are more likely to create demand through direct sales. However, the supply chain cycle is impacted and trade obstacles are raised by changes in government policy and rising geopolitical tension.

One of the biggest problems facing the world's fluid coupling manufacturers is the high cost of R&D and technology. A threat to the expansion of the fluid coupling market is anticipated to come from the availability of substitutes in a number of industrial sectors for light-duty applications like clutches, gears, and other coupling materials.

Heavy industrial machinery includes fluid couplings. The increasing demand for fluid couplings with smaller capacities is a developing trend in the world market for fluid couplings. Untouched by a machine, fluid coupling is a device that permits a controlled amount of slip between input and output and between drive and drive. Therefore, fluid couplings provide engineers with a number of advantages in a wide range of power transfers. These benefits include smooth grip, torsional isolation (important between a diesel engine and its load), control start, slower acceleration, overload protection, power savings, precision speed control, and long-term dependability of the drive without mechanical contact between the transmission elements.

US Fluid Couplings Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 1 billion

Largest Segment

Constant-Fill Fluid Couplings

Fastest Growth

Constant-Fill Fluid Couplings

Growth Rate

4.3% CAGR

Global Fluid Couplings Market 2021-2028 ($ Mn)
Country Share for Asia Pacific Region- 2021 (%)
Global Fluid Couplings Market Size by Type 2021-2028 ($ Mn)
Global Fluid Couplings Market Size by Type 2021-2028 (%)

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Global Fluid Couplings Market Segmental Analysis

The global fluid couplings market segmentation is based on type, application, distribution channel, and region. Based on type the Fluid Couplings Market is segmented into constant-fill fluid couplings, and fill-controlled fluid couplings. Based on application the Fluid Couplings Market is segmented into the oil and gas industry, metals and mining industry, chemicals industry, and power plants. Based on distribution channel, the Fluid Couplings Market is segmented into direct sales and indirect sales. Based on region the global Fluid Couplings Market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Fluid Couplings Market Analysis by Application

In terms of revenue, the oil & gas industry dominated the global fluid couplings market in 2021. The market will expand in this sector due to factors including the expanding use of fluid couplings for power transmission and pump-out shafts to turbine input shafts during hydrodynamic transmissions. One of the main drivers of the fluid couplings market is the significant use of fluid couplings in the oil and gas sector. This market is in extremely high demand because of the widespread usage of these couplings in reciprocating pumps, crushers, feeders, belt conveyors, process pumps, compressors, diesel locomotives, boiler feed pumps, and extruders.

Global Fluid Couplings Market By Type, 2021 (%), 2021 (%)

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Global Fluid Couplings Market Regional Insights

In 2021, the Asia-Pacific region held the largest market share. Due to rising demand from the transportation and petrochemical industries, China's oil consumption is increasing quickly throughout the Asia-Pacific area. Demand for oil is rising as a result of the rise in car sales in China and India, which also increases the demand for gasoline. These factors increase India, China, and other Asia Pacific nations' use of oil and gas. The use of fluid couplings is ubiquitous in the oil and gas industry. Because of this, the need for fluid couplings is increasing at the same time as the demand for oil and gas. The market for fluid couplings is expanding as a result of increased production of renewable energy sources and expansion in the power industry, particularly in the Asia Pacific.

The North American area is projected to account for the second-largest market share for fluid couplings worldwide. The area's end-use sectors, like food and beverage and pharmaceuticals, are expected to expand dramatically, which will eventually result in a rise in the need for a fluid coupling. Additionally growing in this area is the vehicle industry, which boosts demand for fluid coupling. Additionally, in North America, power generation is a major consumer of fluid couplings.

The Middle East and Africa will contribute the most revenue to the market for fluid couplings over the course of the projected period. The region's fluid couplings market will advance due to the existence of the oil and gas and power plant industries there as well as a growth in fluid coupling installations in the mining sector for high-pressure uses like mineral extraction.

Global Fluid Couplings Market By Geography, 2021 - 2028, 2023-2030
  • Largest
  • Fastest

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Global Fluid Couplings Market Dynamics

Fluid Couplings Market Driver

  • In the worldwide fluid coupling market, there is a growing need for fluid couplings with smaller capacities. The number of power plants constructed for Independent Power Producers (IPP) is rising, which is driving up the demand for fluid couplings with smaller capacities. In the US, utilities are allowed to purchase electricity from NUGs (Non-utility Generators). This ensures that energy produced by small producers is not wasted and that NUGs are paid a reasonable to an excellent price for it.
  • One significant trend in the global fluid coupling market is the growing need for conveyors and natural resources. Due to the increasing requirement for natural resources around the world, producers have expanded the belt conveyor's capacity limit, leading to longer and larger designs that need stronger drivers.

Fluid Couplings Market Restraint

  • The supply chain cycle is impacted by changes in government policy and increased geopolitical conflict, which also raises trade obstacles. One of the biggest problems facing the world's fluid coupling manufacturers is the massive price of R&D and innovation. A threat to the expansion of the fluid coupling market is expected to come from the availability of substitutes in a diverse range of industrial domains for light-duty applications like clutches, gears, and other coupling materials.

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Global Fluid Couplings Market Competitive Landscape

The firms use important market trends for fluid couplings as well as organic and inorganic growth tactics. Organic growth methods, including new launches, product approvals, patents, and events, are a priority for many businesses. Acquisitions, partnerships, and collaborations constituted the market's observed inorganic growth plan activities. These actions have made it possible for market participants to grow their consumer bases and operations. With the growing demand for fluid coupling on the global market, market participants in the fluid coupling sector are projected to benefit from lucrative growth prospects in the future.

Fluid Couplings Market Top Players Company Profiles

  • ABB Ltd 
  • Siemens AG
  • Voith GmbH
  • Altra Industrial Motion Corp.
  • Rexnord Corporation
  • Timken Company
  • Regal Beloit Corporation
  • KTR Systems GmbH
  • Fluidomat Limited
  • Elecon Engineering Company Limited
  • Lovejoy, Inc.
  • Transfluid S.p.A.
  • Vulkan Group
  • Centa Antriebe Kirschey GmbH
  • Sibre - Siegerland Bremsen GmbH
  • Mayr GmbH + Co. KG
  • Cross+Morse Ltd
  • VULKAN do Brasil Ltda.
  • Tsubakimoto Chain Co.
  • The Rowland Company

Fluid Couplings Market Recent Development

  • In September 2021, the introduction of hydrodynamic fluid couplings by FLUDEX®. Through the rotating slip area, FLUDEX® couplings operate as an engine start assist, limiting start and high torque to the drive train and preventing overloading in the case of an error, and detecting torsional vibration. FLUDEX integration is combined with migratory integration, such as that of the N-EUPEX type, to account for shaft malfunction. This will aid the business in solidifying its position in the market.

Global Fluid Couplings Key Market Trends

  • A significant trend in the global fluid coupling market is the development of coupling technologies. A computer-controlled technique that involves selective material deposition is used to create fluid coupling. The ultimate quality of the product can change if the resolution of the material deposition layers is changed. Information about the product is frequently transmitted via sensors in fluid couplings. On the other hand, manufacturers are keen on fluid couplings that can recognize anomalies and send signals to activate other devices. Aside from working with international OEMs, mine owners, and equipment operators, manufacturing companies are also doing so to create solutions that meet industry standards.

Global Fluid Couplings Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the oil and gas sector dominated the global fluid couplings market in terms of revenue in 2021. The Asia-Pacific region accounted for the largest market share in 2021. According to projections, the second-largest market share for fluid couplings will be found in North America. Over the expected time frame, revenue from the Middle East and Africa will dominate the fluid couplings market.

Report Metric Details
Market size value in 2021 USD 1 billion
Market size value in 2030 USD 1.52 billion
Growth Rate 4.3%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Constant-fill Fluid Couplings, Fill-controlled Fluid Couplings
  • Application
    • Oil, Gas Industry, Metals, Mining Industry, Chemicals Industry, Power Plants
  • Distribution Channel
    • Direct Sales and Indirect Sales
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ABB Ltd 
  • Siemens AG
  • Voith GmbH
  • Altra Industrial Motion Corp.
  • Rexnord Corporation
  • Timken Company
  • Regal Beloit Corporation
  • KTR Systems GmbH
  • Fluidomat Limited
  • Elecon Engineering Company Limited
  • Lovejoy, Inc.
  • Transfluid S.p.A.
  • Vulkan Group
  • Centa Antriebe Kirschey GmbH
  • Sibre - Siegerland Bremsen GmbH
  • Mayr GmbH + Co. KG
  • Cross+Morse Ltd
  • VULKAN do Brasil Ltda.
  • Tsubakimoto Chain Co.
  • The Rowland Company
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Fluid Couplings Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Fluid Couplings Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Fluid Couplings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fluid Couplings Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fluid Couplings Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Fluid Couplings Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Fluid Couplings Market size was valued at USD 1 billion in 2021 and is poised to grow from USD 1.04 billion in 2022 to USD 1.52 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).

The firms use important market trends for fluid couplings as well as organic and inorganic growth tactics. Organic growth methods, including new launches, product approvals, patents, and events, are a priority for many businesses. Acquisitions, partnerships, and collaborations constituted the market's observed inorganic growth plan activities. These actions have made it possible for market participants to grow their consumer bases and operations. With the growing demand for fluid coupling on the global market, market participants in the fluid coupling sector are projected to benefit from lucrative growth prospects in the future. 'ABB Ltd ', 'Siemens AG', 'Voith GmbH', 'Altra Industrial Motion Corp.', 'Rexnord Corporation', 'Timken Company', 'Regal Beloit Corporation', 'KTR Systems GmbH', 'Fluidomat Limited', 'Elecon Engineering Company Limited', 'Lovejoy, Inc.', 'Transfluid S.p.A.', 'Vulkan Group', 'Centa Antriebe Kirschey GmbH', 'Sibre - Siegerland Bremsen GmbH', 'Mayr GmbH + Co. KG', 'Cross+Morse Ltd', 'VULKAN do Brasil Ltda.', 'Tsubakimoto Chain Co.', 'The Rowland Company'

In the worldwide fluid coupling market, there is a growing need for fluid couplings with smaller capacities. The number of power plants constructed for Independent Power Producers (IPP) is rising, which is driving up the demand for fluid couplings with smaller capacities. In the US, utilities are allowed to purchase electricity from NUGs (Non-utility Generators). This ensures that energy produced by small producers is not wasted and that NUGs are paid a reasonable to an excellent price for it.

A significant trend in the global fluid coupling market is the development of coupling technologies. A computer-controlled technique that involves selective material deposition is used to create fluid coupling. The ultimate quality of the product can change if the resolution of the material deposition layers is changed. Information about the product is frequently transmitted via sensors in fluid couplings. On the other hand, manufacturers are keen on fluid couplings that can recognize anomalies and send signals to activate other devices. Aside from working with international OEMs, mine owners, and equipment operators, manufacturing companies are also doing so to create solutions that meet industry standards.

In 2021, the Asia-Pacific region held the largest market share. Due to rising demand from the transportation and petrochemical industries, China's oil consumption is increasing quickly throughout the Asia-Pacific area. Demand for oil is rising as a result of the rise in car sales in China and India, which also increases the demand for gasoline. These factors increase India, China, and other Asia Pacific nations' use of oil and gas. The use of fluid couplings is ubiquitous in the oil and gas industry. Because of this, the need for fluid couplings is increasing at the same time as the demand for oil and gas. The market for fluid couplings is expanding as a result of increased production of renewable energy sources and expansion in the power industry, particularly in the Asia Pacific.

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Global Fluid Couplings Market

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