Fluid Coupling Market Set To Record Exponential Growth by 2031

The global fluid coupling market is anticipated to expand at a significant CAGR during the forecast period due to increasing usage of centrifuges & reciprocating pumps, mixers & agitators, crushers & grinding mills, and mills, among others in several industrial areas. Moreover, rapid growth of the overall industrial sector, especially mining, food & beverages, construction, pharmacy, and power, among others, is expected to generate demand for fluid coupling. End users across the globe are generally procuring fluid coupling through various online and offline sales platforms. On the other hand, key users opting for customized fluid coupling of specific size, design, and material are likely to generate demand through direct sales. However, change in government policies and rise in geo-political tension affect the supply chain cycle and increase trade barriers. The high cost of technology and R&D is a key challenge for fluid coupling manufacturers across the global market. The presence of alternative options in several industrial sectors to perform light duty applications such as clutches, gear, and other coupling mats is also projected to pose a risk to the growth of the fluid coupling market.

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Fluid couplings are heavy industrial devices. A growing trend in the global fluid coupling market is the rising demand for smaller-capacity fluid couplings. Fluid coupling is a device that allows a controlled amount of slip between input and output, between drive and drive, without the touch of a machine. As a result, fluid couplings offer engineers several benefits in many different types of power transfers. These advantages include control start, slower acceleration, overload protection, power saving, precision speed control, seamless grip, torsional isolation (important between a diesel engine and its load), and long-lasting reliability of the drive without mechanical contact between the transmission elements.
The fluid coupling is also known as a hydraulic coupling which is a hydrodynamic device used to transfer circulating energy from one shaft to another using transmission fluid. In the U.S., utilities are allowed to purchase energy from NUGs (Non-utility Generators). This enables NUGs to receive a reasonable to excellent price for the energy they produce and ensures that energy generated by small producers will not be wasted.
Another trend seen in the global fluid coupling market is the improvement in coupling technology. Manufacturing companies are also working closely with international OEMs, mine owners, and equipment operators to manufacture systems that meet industry needs and standards.

Although fluid couplings require periodic servicing, they are less replaceable in the short term. Additionally, the price of variable-speed fluid couplings is comparatively higher than constant-fill or constant speed fluid couplings. These factors are restraining the growth of the global fluid coupling market.

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Fluid couplings have widespread usage in various industrial applications in railways, power transmission, marine, automotive, aviation, and cement industry. Demand for fluid coupling is increasing with the growth of these industries. Growing investment in renewable energy sources as compared to fossil fuels in many countries due to changing climate and renewable policies, increasing power market reforms, and initiatives taken by many corporations to procure clean energy is encouraging the growth of the renewable energy sector, which is leading to increase in demand for power transmission equipment that consists of components such as fluid coupling.
For instance, 48 countries of the Climate Vulnerable Forum pledged to achieve 100% domestic renewable energy production by 2050 at the COP22 in Marrakech, Morocco. This is expected to drive the fluid coupling market in the upcoming years.

In addition, end-use industries such as construction, food & beverages, pharmaceuticals, oil & gas, mining, and paper & pulp are continuously expanding. Fluid coupling plays a crucial role in equipment such as cranes, crushers, milling, centrifuges, mixers, and agitators, eventually leading to the growth of the market globally. Emerging countries such as India, China, and Brazil are continuously investing in several mega projects; for instance, China has invested in construction of three huge canals which are more than 600 miles in length to carry water to the north from China's three largest rivers. This project has a 48-year construction schedule which may gain demand for a broad range of construction as well as power transmission equipment and is likely to generate demand for fluid couplings in the near future.

Fluid couplings are widely used in the automotive sector in semi-automatic or fully automatic transmission systems. In automotive systems, the pump is usually connected to the engine flywheel. The enclosure may be part of the proper flywheel and thus be turned into the engine crankshaft. The turbine is connected to the transmission shaft. While the transmission is in gear, as the engine speed increases, the torque is transferred from the engine to the input shaft by liquid movement, which propels the motor. In this regard, the fluid coupling behavior is very similar to that of a mechanical clutch that drives a manual transmission. These applications are propelling the demand for fluid couplings in the global market.

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Fluid couplings are used in belt conveyors, extruders, centrifuges, bucket elevators, ball mills, crushers, mixers, slurry pumps, compressors, industrial fans, feeders, diesel locomotives, wagon tipplers, boiler feed pumps, reciprocating pumps, process pumps, dryers etc. It possesses certain advantages. For instance, in conveyor belts, fluid couplings are used to gently accelerate belt drives. Fluid couplings limit torque, provide load sharing upon start-up, and dampen torsional vibrations, increasing a conveyor system's productivity and longevity. Moreover, in fluid coupling, the power transmission is free from vibration & noise, and also power transmission is smooth in extreme conditions such as heat, pressure, and force. The maximum torque can be adjusted by varying the amount of oil filled in the casing.

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