Diaphragm Coupling Market: Overview with Geographical Segmentation & Revenue 2022 to 2032
The global diaphragm coupling market is expected to be worth US$ 547.3 million in 2022 and US$ 772.3 million by 2032, growing at a CAGR of 3.5 percent. The expansion of end-use industries is related to growth. Between 2016 and 2021, the diaphragm coupling market grew at a CAGR of 3.1 percent.
Originally designed and manufactured for helicopter drive shafts, diaphragm couplings were redesigned for general industrial and commercial purposes in the global market as technology advanced.
The diaphragm coupling has the distinct advantage of employing a special profile that is characterized by its flexibility against compression and bending as well as high torsional rigidity to achieve maximum torque transmission. Diaphragm couplings are manufactured and designed to connect perfectly between high-speed shafts in any industrial application on the global market.
In actual operating conditions, these couplings can be attached between high speed shafts and have a maximum speed of approximately 100,000 rpm and a maximum torque of 2,700 KN-M. Diaphragm couplings have earned a solid reputation in the global market among a variety of end-use industries as the ideal type of coupling for high load torque, high speed, light weight, and no lubrication.
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Additionally, owing to the essential flexibility characteristics, diaphragm couplings have the capacity to absorb misalignment due to low bearing loads. Hence, diaphragm couplings are finding increasing applications and are largely recognized to be important for compressors and turbines of higher capacity and speed as well as other rotating equipment and machineries for steel, aircraft, commercial & industrial power generation and manufacturing industries in the global market.
Diaphragm Coupling Market: Dynamics
Certain notable factors enhancing the growth of the diaphragm coupling market are growing urbanization & industrialization globally and the need for enhancement of safety features for high speed rotating equipment. The demand for diaphragm couplings in the global market is estimated to grow with a positive growth rate in the coming years across key geographies.
Attributing to the increased number of industrial fatalities and damage to equipment globally, prominent emphasis is being given to improve the interconnection of high speed drive shafts, which in turn is anticipated to fuel the overall growth of the global diaphragm coupling market in the near future.
Latest innovation and development in the global market have led to the introduction of high speed and high torque capacity diaphragm couplings, which is estimated to drive the growth of high accuracy diaphragm couplings in the global market.
The metal diaphragm couplings segment is expected to hold a noticeable value and volume market share, which is estimated to propel the demand for the global diaphragm coupling market, due to the stringent government rules imposed on high speed equipment and the increasing efforts to reduce the production cycle time.
The escalating cost of diaphragm couplings and their corresponding technology, united with changing prices, are some of the key restraints contradicting the growth of the global diaphragm coupling market.
Diaphragm Coupling Global Market: Regional Outlook
APEJ is estimated to dominate the global diaphragm coupling market with a prominent market value share, the segment is expected to expand with a noteworthy CAGR over the forecast period in the global market. Growing economies, such as China, India and ASEAN countries, are estimated to contribute heavily to the increasing growth of industrialization in the APEJ region.
Furthermore, the market for diaphragm couplings in this respective region is expected to grow at a good pace during the forecast period. The manufacturing industry is one of the fastest growing industries in the global market. The transition from farming to manufacturing is still the way for higher productivity and growing living standards in developing economies.
These factors are estimated to propel the demand for the global diaphragm coupling market in the near future. Diaphragm couplings need to be maintained and checked regularly for effective operation in adverse operating conditions and this will drive the diaphragm coupling components market over the forecast period
Diaphragm Coupling Market: Market Participants
Examples of some of the market participants in the global diaphragm coupling market are:
Altra Industrial Motion Corp. Eagle Industry Co., Ltd. Voith GmbH Unique Transmission (India) Pvt. Ltd. Regal Beloit Americas, Inc. John Crane Rexnord Corporation WUXI TRUMY Transmission Engineering Co., Ltd. RBK Drive Elements KTR Systems GmbH
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain
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Key Segments Profiled in the Diaphragm Coupling Industry Survey
Diaphragm Coupling Market by Mode:
Single Diaphragm Coupling Double Diaphragm Coupling
Diaphragm Coupling Market by Material Type:
Metal Diaphragm Coupling Plastic Diaphragm Coupling Other Diaphragm Coupling Material Types
Diaphragm Coupling Market by Application:
Diaphragm Coupling for Compressors Diaphragm Coupling for Generators Diaphragm Coupling for Pumps Diaphragm Coupling for Turbo-Machinery Diaphragm Coupling for Marine/Offshore Platform Diaphragm Coupling for Other Applications
Diaphragm Coupling Market by Region:
North America Diaphragm Coupling Market Latin America Diaphragm Coupling Market Europe Diaphragm Coupling Market Asia Pacific Diaphragm Coupling Market Middle East and Africa Diaphragm Coupling Market