Press release
Diaphragm Coupling Turbo Machinery Market Competitive landscape And Industry Expansion Strategies by 2027
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Market Highlights
Couplings are utilized in the turbo machinery in various industries such as oil and gas, mining, automotive and energy and power. There are various kinds of couplings available to the in the market, although the diaphragm couplings have various technical superiorities over other kinds of couplings. The diaphragm couplings are available in a single diaphragm or multiple diaphragms. A diaphragm couplings ensure high transmission efficiency up to 99.56% which is far better than a normal coupling. With a simple structure, light weight and easy assembly diaphragm coupling have become increasing popular among manufacturers and end users alike.
The global diaphragm coupling in turbo machinery market is poised to grow at 5.12% CAGR and is estimated to reach USD 5,862.5 million by the end of forecast period.
Scope of the Report
This study provides an overview of the global diaphragm coupling in turbo machinery market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and Rest of World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global diaphragm coupling in turbo machinery market by its type, end-user and regions.
By Type
Double & Multiple diaphragm
Single diaphragm
By End-User
Power
Oil & Gas
Chemicals
Transportation
Others
By Regions
North America
Europe
Asia-Pacific
South America
Middle-East
Africa
Market Research Analysis
Based on type, double & multiple diaphragm coupling accounted for the largest market share in turbo machinery market in 2015 and expected to reach at USD 3,712.3 million by 2027 at the rate of 5.22% from 2016-2027.
Based on end user, power segment dominates the global diaphragm coupling in turbo machinery market with 37.7% share in 2015. Asia-Pacific region is the largest region in power generation is projected to reach at USD 561.7 million by 2027.
Based on region, Asia-Pacific accounts for largest share of 25.4% in the global diaphragm coupling in turbo machinery market.
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Key Players
The key players of the global diaphragm coupling in turbo machinery market are Altra Industrial Motion (U.S.), Regal Beloit (U.S.), John Crane (U.S.), Eagle Industry Co., Ltd. (Japan), Lenze Selection (Germany) and RBK Drive (U.K.).
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