PUNE, India -- According to this 2016 global couplings market report, couplings are mostly used to connect shafts from a gearbox to a generator, and also provide electric insulation to avoid leakage of current from a generator to gearbox as it can affect splines and bearings in wind turbines. Therefore, growth in wind power generation is expected to drive the demand for couplings during the forecast period. The analysts forecast global couplings market to grow at a CAGR of 2.3% during the period 2016-2020.
The new field of 3D printing technology has seen significant advances in the last decade. Fabrication techniques have evolved to be affordable and accessible to both consumers and businesses, resulting in the manufacture of a broad range of 3D printed materials. Taking advantage of the affordable technology, coupling manufacturers are planning to combine it with digital advances in modeling software. The twin fields of 3D and computer modeling technologies have opened a whole new frontier in coupling design, repair, and replacement.
Couplings are used for joining two shafts at their ends for transmitting power. These have a broad range of applications in end-user industries such as oil and gas, steel and rolling mill, wood manufacturing, and general manufacturing. With the growing adoption of renewable energy practices, the couplings market is expected to have a positive outlook until the end of the forecast period. Wind power is considered the cheapest options for renewable energy. This has resulted in emerging economies like India and China investing heavily in wind power generation. In wind turbines, couplings are used to connect shafts from a gearbox to a generator and also act an electric insulator to avoid leakage of current from the generator.
The global couplings market is highly competitive due to the presence of several regional and international suppliers. Though the market has the presence of several new vendors, it is difficult for them to compete with international vendors in terms of quality, features, functionalities, and services. With the introduction of products with new features and technologies, the competition is expected to get more aggressive over the forecast period.
Key players in the global couplings market: Altra Industrial Motion, Kop-Flex, Lovejoy, and Rexnord. Other prominent vendors in the market are: Colossus, Daido Precision Industries, Industrial Clutch Parts, John Crane, KTR Kupplungstechnik, Mayr, Siemens, and Voith Turbo.
Further, the couplings market report states that fluctuations in raw material prices hit the profit margins of the vendors. Complete report on couplings market spread across 70 pages, analyzing 4 major companies and providing 46 data exhibits is now available at http://www.sandlerresearch.org/pressrelease/global-couplings-market-2016-2020.html
Order a copy of Global Couplings Market 2016-2020 report at http://www.sandlerresearch.org/purchase?rname=52155
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