The global diaphragm coupling market is anticipated to be valued at USD 547.3 Million in 2022, forecast to grow at a CAGR of 3.5% to be valued at USD 772.3 Million from 2022 to 2032. Growth is attributed to the increasing growth of end-use industries. From 2016 to 2021 a CAGR of 3.1% was registered for the diaphragm coupling market.
| Report Attribute | Details |
|---|---|
| Growth Rate (2016 to 2021) | 3.1% CAGR |
| Projected Growth Rate (2022 to 2032) | 3.5% CAGR |
| Expected Market Value (2022) | USD 547.3 Million |
| Anticipated Forecast Value (2032) | USD 772.3 Million |
Diaphragm couplings were redesigned for general industrial and commercial purposes in the global market. These couplings handle misalignment through the use of a single or a series of flexing metal plates or diaphragms in parallel for the flexible members. It transmits torque from the outside diameter of a flexible plate to the inside diameter, across the spool, and then from inside to outside diameter.
Diaphragm couplings were originally introduced to service very high speed, high horsepower applications in the petrochemical industry and have since progressed to other extreme applications such as helicopter drives. Diaphragm couplings are known for their large outside diameters, and, generally, very high cost. Diaphragm couplings are generally sold as custom solutions, and there are a wide variety of options to consider.
Diaphragm couplings are manufactured and designed so that they are perfectly connected between high-speed shafts for any industrial application in the global market.
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The growth of end-use industries can be identified as a key driver of the global diaphragm coupling market. Technological 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 growing urbanization & industrialization globally and the need for enhancement of safety features for high-speed rotating equipment propels the growth of the diaphragm coupling market.
Although the diaphragm coupling market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. The continuously escalating cost of diaphragm coupling is anticipated to hinder the market's growth during the forecast period.
North America was the largest market for the diaphragm coupling market and the trend is expected to continue into the forecast period owing to the rapid technological development in the region. The region is forecast to have a 23% total share of the diaphragm coupling market.
Also, the increasing growth of industrialization in the region boosts the growth of the diaphragm coupling market. Growing investment in power generation and marine sectors are identified as key drivers of the diaphragm coupling market
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the diaphragm coupling market, due to the strong economic growth and the presence of several global manufacturers of diaphragm coupling are penetrating the market through partnerships and collaborations with a well-established local player in the region. The diaphragm coupling market is expected to witness sustained growth over the forecast period. Europe accounts for a total 27% share in the global diaphragm coupling market.
Orion couplings, Technotyre, Technocraft Complete Solutions, Avtar Industries, Sogears, Riverhawk are start-up companies operating in the diaphragm coupling market.
Some of the key participants present in the global cloud seeding system market include 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, and KTR Systems GmbH among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Altra Industrial Motion Corp., Eagle Industry Co., Ltd., and Voith GmbH account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.5% from 2022 to 2032 |
| Expected Market Value (2022) | USD 547.3 Million |
| Anticipated Forecast Value (2032) | USD 772.3 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Mode, Material Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Mexico, Brazil, Germany, Italy, UK, Spain, France, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | 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 |
| Customization | Available Upon Request |
FMI projects the global diaphragm coupling market to expand at a 3.5% value CAGR by 2032
North America is expected to be the most opportunistic anti-malware, with a 23.0% share of the total diaphragm coupling market
Altra Industrial Motion Corp., Eagle Industry Co., Ltd., and Voith GmbH are some prominent diaphragm coupling manufacturers
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Diaphragm Coupling Market
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