The global diaphragm coupling market is anticipated to be valued at US$ 547.3 Million in 2022, forecast to grow at a CAGR of 3.5% to be valued at US$ 772.3Million from 2022 to 2032. Growth is attributed to the increasing growth of end-use industries. From 2016-2021 a CAGR of 3.1% was registered for the diaphragm coupling market.
Diaphragm couplings have been redesigned for general industrial and commercial applications on a global scale. For the flexible members, these couplings handle misalignment by using a single or a series of flexing metal plates or diaphragms in parallel. It transmits torque from the outside diameter of a flexible plate to the inside diameter, across the spool, and back again.
Diaphragm couplings were first used in high-speed, high-horsepower applications in the petrochemical industry, but have since expanded to other extreme applications such as helicopter drives. Diaphragm couplings are distinguished by their large outside diameters and, in general, high cost. Diaphragm couplings are typically sold as custom solutions, with numerous 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.
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.
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
- 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