Global Couplings Market - Forecasts and Analysis by Technavio

According to the latest market study released by Technavio, the global couplings market is expected to grow at a CAGR of more than 2% during the forecast period.

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This research report titled ‘Global Couplings Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

The growing demand for couplings during the forecast period will be driven by the wind and renewable energy sector, growing infrastructure, and industrial activities due to urbanization in developing countries. Though challenged by a stagnant demand in developed and industrialized nations, the couplings market will show a positive trend due to contribution from APAC. The growth in infrastructure is the major driver behind the development of most of the end-user sectors considered in the report such as lumber, steel, and mining. The huge infrastructure deficit in Asia and MEA will push development activities in these regions, which will positively impact the global couplings market during the next five years.

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Technavio’s heavy industry research analysts categorize the global couplings market into the following segments by product. They are:

• Elastomeric couplings
• Metallic couplings
• Mechanical couplings
• Other couplings

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The top three revenue-generating product segments of the global couplings market are discussed below:

Elastomeric couplings

Elastomeric couplings include shear and compression type couplings. These couplings have some components that are made of materials with elastic properties like urethane or rubber. These materials can absorb large amount of vibrations and shocks, reducing the amount of vibration transferred to the driven shaft. Also, these materials have very little friction wear. These couplings are usually used in applications where there is large shaft misalignment.

According to Anju Ajay Kumar, a lead tools and components research analyst from Technavio, “Elastomeric shear couplings fare better over compression couplings due to their ability to handle large misalignments while transferring minimum vibrations and shocks. These couplings can also be used for high-speed applications but induce larger backlash and cost higher than compression couplings.”

Metallic couplings

Metallic couplings are the simplest in design as they are usually meant to transfer power between two co-axial shafts. Rigid type metallic couplings do not allow for misalignments and vibrations are transmitted over the shafts, whereas flexible metallic couplings allow for slight misalignments. They are ideal for high-speed, medium torque applications. They do not have any backlash due to the absence of moving parts, which also eliminates the need of lubrication.

“Metallic couplings find use in applications where the temperature surrounding the shafts are high, or there are chances of chemical contamination. Metallic disc couplings are also an essential component in wind power plants. High-performance alloy or fiberglass disc couplings are used to connect turbines to generators. Major vendors in the market for these couplings are the Baldor brand from ABB Group and Timken,” adds Anju.

Mechanical couplings

Mechanical couplings usually are made up of parts that are in motion relative to each other. This necessitates that the shafts be lubricated regularly for smooth functioning of the power train. Otherwise, there will be significant wear and tear in components. These couplings are designed to allow the delivery of huge torque loads across shafts at very high speeds, but allow for very limited shaft misalignments.

The global couplings market by mechanical couplings is expected to witness a weak growth as well due to its shortcomings such as considerable transmission of vibrations and high cost involved in the maintenance and replacement of equipment. Examples of mechanical couplings include gear couplings, chain couplings, grid couplings, and universal joints.

The top vendors highlighted by Technavio’s research analysts in this report are:

• Altra Industrial Motion
• Regal Beloit Americas
• Rexnord
• Timken

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