ID: MRFR/E&P/1927-CRR | April, 2017 | Region: Global | 95 pages | Cooked Research Reports
Global Diaphragm Coupling in Turbo Machinery Market Information Report by Type (Double & Multiple diaphragm, Single diaphragm), by End-User (Power, Oil & Gas, Chemicals, Transportation, Others) and By Regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa) - Forecast To 2027.
Market Synopsis of Global Diaphragm Coupling in Turbo Machinery:
Diaphragm Coupling is basically a device which is utilized to connect two shaft ends together so as to transmit power. The Primary function of a coupling is to join two rotating equipment which ensuring complete functionality. The major drivers of the market are increasing application in oil and gas industry and technical advantage of diaphragm couplings. However, slow growth in developed nations is the prime restraint that could hinder the market growth.
The global diaphragm coupling in turbo machinery market was valued at USD 3,237.7 million in 2015, and is expected to reach USD 5,862.5 million by 2027.
Study objectives of Global Diaphragm Coupling in Turbo Machinery Market:
Regional Analysis of Global Diaphragm Coupling in Turbo Machinery Market
Asia-Pacific accounts for largest share of 25.4% in the global diaphragm coupling in turbo machinery market. Rising renewable & non-renewable power generation capacity, increasing chemical industry, growing oil & gas production are driving the market. Europe was the second-largest market in 2014, valued at USD 683.2 million in 2015; it is projected to grow at 5.15% CAGR from 2016 to 2027.
Altra Industrial Motion (U.S.), Regal Beloit (U.S.), John Crane (U.S.), Eagle Industry Co., Ltd. (Japan), Lenze Selection (Germany) and RBK Drive (U.K.) are some of the leading players operating in this market.
The report for Global Diaphragm Coupling in Turbo Machinery Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.