Global Fluid Couplings Market Report and Forecast 2024-2032

Global Fluid Couplings Market Outlook

The global fluid couplings market size attained a value of USD 1.16 billion in 2023. The market is further expected to grow at a CAGR of 4.5% between 2024 and 2032, reaching a value of USD 1.72 billion by 2032.

Key Trends in the Market

A fluid coupling, also known as hydraulic coupling, refers to a hydrokinetic device used to transmit mechanical force generated by a rotating shaft. The most common applications of fluid couplings include automotive transmissions and belt conveyers. The major components of fluid couplings include delay chambers, dynamic refill, adjustable drain nozzles, and centrifugal valves, among others, which transmit power to facilitate various industrial processes.

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• Fluid couplings are versatile components which are used in several sectors, such as food and beverage, power, and oil and gas, among others. The growing demand for power in these sectors, coupled with rapid industrialisation across the emerging economies, is fuelling the fluid coupling market.

• The increasing application of fluid coupling in rail transportation system, to carry out diesel locomotive operations and automated gear transmission operations, is another crucial factor bolstering the fluid couplings market growth.

• Rising demand for fluid couplings in aeronautical applications, as a barometrically controlled hydraulic clutch for compressors and engines, is contributing towards the expansion of the market for fluid couplings. In line with this, the burgeoning aviation sector, owing to the rising number of domestic and international passengers, is aiding the market further.

Global Fluid Couplings Market Analysis

Based on product type, the market is segmented into constant fill and variable speed. On the basis of application, the market is classified into centrifuge and reciprocating pumps, mixers and agitators, crushers and grinding mills, and cranes and conveyors, among others. By end use, the market is segmented into food and beverage, power, pharmaceuticals, oil and gas, heavy vehicles, and pulp and paper, among others. The regional markets for fluid couplings are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global fluid couplings market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

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• Fluidomat Limited

• KTR Systems GmbH

• Premium Transmission Private Limited

• Regal Rexnord Corporation

• Voith GmbH & Co. KGaA

• Vulkan Group

• Elecon Engineering Company Limited

• Altra Industrial Motion Corp.

• Flender GmbH

• Nara Corporation

• Others

Global Fluid Couplings Market Share by Product Type

The variable speed segment, based on product type, accounts for a healthy share of the market for fluid couplings. This can be attributed to the several advantages offered by variable speed fluid couplings, making them applicable in various applications and end uses. These advantages include adjustable startup along with stepless speed regulation, decreased mechanical stress, capability of torque limitation, wear-free power transmission, and high versatility with lower need for maintenance. High control accuracy and quicker reaction of variable speed fluid coupling makes them ideal for material handling and metallurgical applications, navigating the segment’s growth.

Global Fluid Couplings Market Share by End Use

Based on end use, the oil and gas segment accounts for a significant share in the market for fluid couplings as they are used in the oil and gas sector to transmit power in compressors, gas turbines, and pumps. Fluid couplings fulfil the torque requirements of the oil and gas sector and facilitate improvements in turbomachinery equipment. Furthermore, the growing research and development activities by the major market players aimed towards developing high-performance fluid couplings with higher speed and greater stability, are expected to increase the oil and gas end uses of fluid couplings in the future.

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Competitive Landscape

Fluidomat Limited is a leading machinery industry company which manufactures high quality fixed speed and variable speed fluid couplings to cater to the power transmission demands of automotive and various industrial sectors. The company was founded in 1971 and is headquartered in Madhya Pradesh, India.

KTR Systems GmbH is a prominent machinery industry company which manufactures mechanically engineered products, such as brake systems, hydraulic components, couplings, torque limiters, and cardan shafts, among others. Founded in 1959, the company is currently headquartered in Rheine, Germany.

Premium Transmission Private Limited is a leading power transmission solutions provider which designs and manufactures gear boxes, geared motors, and fluid couplings, along with premium care offers. The company was founded in 1961 and is headquartered in Maharashtra, India.

Other market players include Regal Rexnord Corporation, Voith GmbH & Co. KGaA, Vulkan Group, Elecon Engineering Company Limited, Altra Industrial Motion Corp., Flender GmbH, and Nara Corporation, among others.

Key Highlights of the Report