Couplings Market Future Scope and Growth Factors 2022 - 2028|Siemens, Voith Turbo

 

Coupling is a device used to connect two shafts together at their ends for the purpose of transmitting power. Couplings do not normally allow disconnection of shafts during operation, however there are torque limiting couplings which can slip or disconnect when some torque limit is exceeded.
Highlights
Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Couplings market is projected to reach US$ 26170 million by 2028 from an estimated US$ 25550 million in 2022, at a CAGR of 0.4% during 2023 and 2028.
Global Couplings key players include Siemens, Voith Turbo, SKF, etc. Global top three manufacturers hold a share over 5%.
China is the largest market, with a share about 25%, followed by Europe, and North America, both have a share over 45 percent

In terms of product, Non-shifting Type is the largest segment, with a share over 60%. And in terms of application, the largest application is Papermaking, followed by Power Generation, Mining, etc.

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Complete study of the global Couplings market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenario of the global Couplings industry. Research techniques like PESTLE and Porter's Five Forces analysis have been deployed by the researchers. They have also provided accurate data on Couplings production, capacity, price, cost, margin, and revenue to help the players gain a clear understanding of the overall existing and future market situation.

 
Segmental Analysis

The report has classified the global Couplings industry into segments including product type and application. Every segment is evaluated based on growth rate and share. Besides, the analysts have studied the potential regions that may prove rewarding for the Couplings manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall Couplings industry.

Global Couplings Market Segment By Type:

Non-Shifting
Shifting
Hydrodynamic
Magnetic

Global Couplings Market Segment By Application:

Power Generation
Mining
Papermaking
Others

Competitive Landscape

It is important for every market participant to be familiar with the competitive scenario in the global Couplings industry. In order to fulfill the requirements, the industry analysts have evaluated the strategic activities of the competitors to help the key players strengthen their foothold in the market and increase their competitiveness.

Key companies operating in the global Couplings market include: Siemens, Voith Turbo, SKF, Regal Beloit, ABB, Altra Industrial Motion, Rexnord, CENTA, Vulkan, John Crane, Taier Heavy, Renold, Eriks, Tsubakimoto Chain, Lovejoy, Ruland
 
Key questions answered in the report:

What is the growth potential of the Couplings market?
Which product segment will grab a lion's share?
Which regional market will emerge as a frontrunner in the coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in the Couplings industry in the years to come?
What are the key challenges that the global Couplings market may face in the future?
Which are the leading companies in the global Couplings market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain their hold in the global Couplings market?
 
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This release was published on openPR.