Fluid Coupling Market: Global Industry Analysis and Forecast (2023-2029)

Fluid Coupling Market is expected to reach USD 265.36 billion by 2029, with a CAGR of 2.4 % between 2023 and 2029.

Fluid couplings are large devices that are employed in many different industries. It's a hydrodynamic device for delivering rotational mechanical power, to be precise. Throughout the forecast period, the advantages associated with the use of fluid couplings will provide enormous growth opportunities.
Fluid Coupling Market Snapshot
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Fluid Coupling Market Dynamics
The need for fluid couplings is rising as mining activity increases across the world. Fluid couplings are widely used in the mining sector. The global mining sector seeks goods that are both safe and environmentally sustainable while also increasing production. Fluid couplings are used in mining and bulk material handling equipment such as conveyors, excavators, fans, mills, mixers, pumps, and screening facilities, among other things. As mining activity grows, so does the utilization of bulk material handling devices and components, resulting in an increase in the demand for fluid couplings.

Global mining production was 11.3 billion metric tonnes in 2000, according to the World Mining Congress, and has climbed at a CAGR of 2.5 percent to 16.9 billion metric tonnes in 2016. In 2016, Asia Pacific had the greatest market share of global mining production, accounting for 58.2 percent. Fluid couplings are most often used in the Asia Pacific. China and Australia are two of the four largest mining countries in the world. China is the world's greatest producer of mining ores. As a result, increased mining production in the Asia Pacific is fuelling fluid coupling demand.
Market Trends:
The need for smaller-capacity fluid couplings is increasing in the global fluid coupling market. The need for smaller-capacity fluid couplings is increasing as the number of power plants built for Independent Power Producers (IPP) grows. Utilities in the United States are permitted to acquire electricity from NUGs (Non-utility Generators). This guarantees that NUGs receive a fair to a great price for the energy they create and that energy generated by small producers is not squandered.

The advancement of coupling technology is another trend in the global fluid coupling market Fluid coupling is made via a computer-controlled method that involves selective material deposition. Changing the resolution of material deposition layers can alter the product's final quality. Sensors in fluid couplings are often used to transmit information about the product. Fluid couplings that can detect irregularities and provide signals to activate other devices, on the other hand, are of interest to manufacturers. Manufacturing firms are also collaborating with global OEMs, mine owners, and equipment operators to develop solutions that suit industry requirements.

The increased need for natural resources and conveyors is a prominent trend in the global fluid coupling market. Manufacturers have increased the capacity limit on belt conveyors in response to the rising global demand for natural resources, resulting in bigger and longer designs that require more powerful drivers.
Fluid Coupling Market Segmentation Analysis
The oil and gas sector was the major end-user of fluid couplings in 2022. Factors such as the growing use of fluid couplings to transmit power and pump out shafts to turbine input shafts during hydrodynamic transmissions will help the market's growth in this end-user segment.
Fluid Coupling Market, by Type in 2022(%)

Fluid Coupling Market Regional Insight
Oil consumption from China is growing at a strong rate in the Asia Pacific region, owing to increased demand from the transportation and petrochemical sectors. The increased sale of vehicles in China and India is driving up demand for gasoline, which in turn is driving up demand for oil. All of these reasons are driving up oil and gas consumption in India, China, and other Asia Pacific countries. In the oil and gas business, fluid couplings are commonly employed. As a result, the need for fluid couplings is growing in parallel with the demand for oil and gas.

Throughout the forecast period, EMEA will be the largest revenue contributor to the fluid couplings market. The presence of the oil and gas and power plant sectors in this area, as well as an increase in fluid coupling installations in the mining industry for high-pressure applications such as mineral extraction, will propel the fluid couplings market in this region forward.
Report Objectives:
Landscape analysis of the Fluid Coupling Market
Competitive benchmarking
Past and current status of the industry with the forecasted market size and trends
Evaluation of potential key players that include market leaders, followers, and new entrants
Technology trends
The potential impact of micro-economic factors on the market
External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Fluid Coupling Market dynamics, and structure by analyzing the market segments to project the Fluid Coupling Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.
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Fluid Coupling Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 224.77 Bn.


Forecast Period 2023 to 2029 CAGR:
2.4 %
Market Size in 2029:
US $ 265.36 Bn.


 Segments Covered:
by Type
Constant-fill Fluid Couplings
Variable Speed Fluid Couplings


by Industry
Mining
Chemicals and Petrochemicals
Oil & gas
Steel and Metal Processing
Paper, Paperboards, and Packaging &Labeling
Power Generation
Others (Food & Beverage, Pharmaceuticals, Water & Wastewater Management)



Fluid Coupling Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Fluid Coupling Market, Key Players are
1. ABB Ltd
2. Siemens AG
3.Voith GmbH
4. Altra Industrial Motion
5. Rexnord Corporation
6. Fluidomat Limited
7. Elecon Engineering Company Limited
8. Transfluid S.p.A.
9. VULKAN Group
10. KTR Systems GmbH
11. Flender
12. Westcar S.r.l.
13. Ningbo Parmicro Fluid Technology
14. Fluid Hose & Coupling Inc.
15. Shanghai JIAOHUA Fluid coupling Co., ltd.
Frequently Asked Questions
1. What is the projected market size & growth rate of the Fluid Coupling Market?
Ans- The Fluid Coupling Market was valued at USD 224.77 billion in 2022 and is projected to reach USD 265.36 billion by 2029, growing at a CAGR of 2.4 % during the forecast period.

2. What is the key driving factor for the growth of the Fluid Coupling Market?
Ans- The need for fluid couplings is rising as mining activity increases across the world.

3. Which Region accounted for the largest Fluid Coupling Market share?
Ans- Asia Pacific accounted for the largest market share in 2022.

4. What makes EMEA a Lucrative Market for Fluid Coupling Market?
Ans- The presence of the oil and gas and power plant sectors in this area, as well as an increase in fluid coupling installations in the mining industry.

5. What are the top players operating in the Fluid Coupling Market?
Ans- ABB Ltd, Siemens AG, Voith GmbH, Altra Industrial Motion, and Rexnord Corporation.