April 09, 2019 - The global couplings market is projected to grow at stable CAGR over the forecast period (2018 to 2023), according to a report available on Radiant Insights, Inc. Coupling is expected to be a machine element that can attach two different mechanical shafts together. Two shafts are likely to be joined at their ends for transmission of power. Couplings can also be used to connect and disconnect fluid systems such as air, chemicals, gas, and powder systems.
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https://www.radiantinsights.com/research/global-couplings-market-outlook-2018-2023
Ability of couplings to prevent disconnection of shafts during operation can propel growth of market. Torque limiting couplings can also prevent rotation motion attributed to over limit of torque. This, in turn, can augment market growth in the forthcoming years. In addition, proper installation of carefully selected couplings can reduce maintenance cost and downtime. This factor can also impel market expansion over the forecast period. Moreover, effective properties offered by couplings like light weight, easy mounting and dismounting, and high torque can stimulate market growth in the forthcoming years.
For better understanding read more @
https://www.radiantinsights.com/research/global-couplings-market-outlook-2018-2023
Ability of couplings to prevent disconnection of shafts during operation can propel growth of market. Torque limiting couplings can also prevent rotation motion attributed to over limit of torque. This, in turn, can augment market growth in the forthcoming years. In addition, proper installation of carefully selected couplings can reduce maintenance cost and downtime. This factor can also impel market expansion over the forecast period. Moreover, effective properties offered by couplings like light weight, easy mounting and dismounting, and high torque can stimulate market growth in the forthcoming years.
To cater to rising demand for advanced couplings, most companies are expected to invest in R&D activities to develop advanced products. For instance, HASCO recently launched new safety couplings for cooling and heating applications. These coupling are likely to offer automatic safety lock feature that can offer protection against unintended unlocking. Forced rotating guide available on locking sleeve is expected to offer smooth decoupling. Green color coding, which is clearly visible behind locking sleeve can indicate safe and correct coupling. In addition, these coupling are anticipated to offer high temperature sealing rings permitting maximum load.
The couplings market can be segregated on the basis of application and region. Based on application, the market can be categorized into paper, steel, oil & gas, and mining. Mining segment is expected to witness substantial growth attributed to increasing use of couplings in various applications like shovels, draglines, crushers, and grinding mills.
On the contrary, oil & gas sector is predicted to grow well during the forecast period attributed to rising demand for disc couplings in pumps. Such couplings are expected to meet American Petroleum Institute (API) 610 standards for reliability, pump safety, and maintenance in hazardous environmental conditions.
Moreover, rising demand for gear couplings in steel sector can augment market growth over the forecast period. Reliability of gear couplings can directly impact profitability and productivity in steel sector. Hence, it gets essential to customize gear couplings according to requirements of steel mill application.
Regional segmentation includes Asia Pacific, North America, Europe, Middle East and Africa, and South America. Rising demand for couplings in emerging economies like China and India are expected to augment market growth in Asia Pacific region. In addition, growth of material handling sector in Middle East and mining sector in Africa can stimulate growth of market in MEA region over the forecast period. Moreover, Eastern European countries are projected to boost market growth attributed to rising demand for couplings in the region. Growth of mining and petrochemicals sector in Europe can boost demand for couplings.
In North America, the market is estimated to witness significant growth attributed to rising demand for fifth wheel couplings in automotive sector. The region is expected to be matured automotive market and can offer high penetration of technologically advanced products.
Some of the leading companies operating in the couplings market are Martin, TB Wood, IWIS, Raxnord, and Altra Industrial Motion.
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