Growth in Renewable Power to Boost the Global Fluid Couplings Market | Technavio

LONDON–(BUSINESS WIRE)–#Automation–The global
fluid couplings market is expected to grow at a CAGR of more
than 5% during the period 2017-2021, according to a new market research
study by Technavio.

The report categorizes the global fluid couplings market by
end-user, including the oil and gas industry, metals and mining
industry, chemicals industry, and power plants. The report also
determines the geographic breakdown of the market in terms of detailed
analysis and impact, which includes key geographies such as APAC, the
Americas, and EMEA.

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Market driver: growth in renewable power generation

Renewables sources of energy have become cost-competitive compared with
fossil fuels and are being used as primary sources of energy in many
countries. In 2016, renewable energy accounted for more than 50% share
of the energy mix in several European countries, including Norway,
Iceland, and Sweden due to the enforcement of stringent emission norms
by governments across the region. Fluid
couplings are used mainly in power generation facilities to connect
output shaft of motors to turbines' input shaft. These devices not only
provide smooth start and torque control but also protect the equipment
from shock overloads.

According to Kalle Deepak, a lead analyst at Technavio for automation
research, “As renewable sources of energy gain popularity across the
world, the demand for onshore oil and gas pipelines will be affected.
The increase in the number of renewable power plants will drive the
demand for high-quality fluid couplings that would be used in power
plants for power transmission from motors to turbines.”

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Market trend: improvement in coupling technology

Fluid
couplings that are generally used in high power transmission
applications are made of steel or aluminum. The manufacturing process
involves selective material deposition using precise computer control.
The quality of the final product can be adjusted by changing the
resolution of material deposition layers. Sensors in fluid couplings are
usually only meant to send statistics about torque and load applied.
However, manufacturers are interested in connected fluid couplings that
can detect abnormalities and send signals to activate other devices,
such as other safety couplings, torque limiters, and other equipment
connected to powertrains.

Market challenge: improper selection of coupling

There are different fluid couplings, such as fluid couplings with gears
and delay fluid fill chambers and fluid couplings with hollow shaft
mount, available in the market and each of these is designed to meet the
requirements of specific applications. An appropriate fluid coupling
should be selected based on the application and torque requirement
because an inappropriate device may cause failure and reduce efficiency
drastically.

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Key vendors in the market:

• ABB
• Altra Industrial Motion
• Rexnord
• Voith
• Siemens

The global fluid couplings market is growing at a stable rate due to the
presence of a respectable number of established vendors. Vendors are
following the market trend and focusing more on the discrete industries
that prefer real-time data recording in the transmission of power and
torque. Vendors are focusing on expanding their services and are
offering customized solutions based on users' requirements to retain
their market share.

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