Magnetic Couplings Market : Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Magnetic Couplings Market Size
The global Magnetic Couplings revenue was US$ 1338.8 million in 2022 and is forecast to a readjusted size of US$ 1519.2 million by 2029 with a CAGR of 1.8% during the forecast period (2023-2029).

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Magnetic Couplings Market
This report studies the Magnetic Couplings market. Magnetic couplings are non-contact couplings that use a magnetic field to transfer torque, force or movement from one rotating member to another. The transfer takes place through a non-magnetic containment barrier without any physical connection. The couplings are opposing pairs of discs or rotors embedded with magnets.
In India, the Magnetic Couplings revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
The leading manufacturers of magnetic coupling include Eagleburgmann, ABB, DST, Rexnord and Centa, with the top three accounting for about 5%.
North America is the largest market with about 35%, followed by Europe with about 25%.
This report focuses on global and India Magnetic Couplings market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Magnetic Couplings will continue to grow rapidly in the future.
Global Magnetic Couplings Scope and Market Size
Magnetic Couplings market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Magnetic Couplings market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.
For India market, this report focuses on the Magnetic Couplings market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

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Segment by Type

• Disc-type Coupling
• Synchronous Coupling

Segment by Application
• Underwater
• Petrochemical
• Electronic
• Other

By Company
EagleBurgmann, ABB, DST, Rexnord, Tridelta, CENTA, Dexter, MagnaDrive, Magnetic Technologies, JBJ, KTR Corporation, Ringfeder Power Transmission, MMC Magnetics, SDP&SI, OEP Couplings
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This release was published on openPR.