Hydrodynamic couplings are fluid coupling devices used in power transfer of mechanical devices involved in heavy industrial machinery, mining & automotive equipment. Various types of mechanical device are conveyor systems, centrifuges, mixers, crushers, shredders, bucket wheel excavators, shaft generators, and drum drives etc. The device has experienced intense consumption by replacing the mechanical clutch systems which were subjected to abrasions. Other pivotal reason for the rapid emergence of hydrodynamic couplings market is that they can operate at variable speeds, have controlled start-up without experiencing shocks & vibrations during power transmission load intervals. The product also employs low input & maintenance costs. Revenue generated from sales of hydrodynamic coupling market is expected to increase at a moderate pace over the forecast period.
As stated, the product finds its consumer base in heavy industries segment & those industries which require high running torque machines, crushing, milling & excavating operations. Apart from standard prototypes, the OEMs are providing customized solutions to address the specific needs of customer as well. Technological & product developments to achieve cost effective operations and environment protection are being considered by the manufacturing companies. Various mergers & acquisitions have taken place between global & regional players or strategic alliances between large scale manufacturers and small business unit specialized in particular component/operation over the past few years. The value chain starts from the raw materials supplier to OEMs to distributors and suppliers to end customer completing the chain. Sometimes for customized requirements, the role of project management & design consultants comes into the act as well.
Geographically, the hydrodynamic couplings market is primarily based in Western Europe, North America & Asia Pacific regions. Germany consists of the top companies owing to their established technical expertise built over more than five decades. The industry is dependent on supply side drivers such as raw material availability & related prices, skilled workforce and demand drivers such as target industry’s scope of operations. Currently the market is witnessing a modest growth affected by demand slowdown from industries & volatile production costs. New product applications would drive the business to some extent. The market is expected to grow on a stable note as per existing demand pattern from end industries within a single digit growth rate with ASEAN region having higher rates & the developed economies having a lower one.
The key market players identified across the value chain are Siemens AG, Voith GmBH, KTR International, Rexnord Corporation, and Fluidomat Limited apart from regional distributors & suppliers etc.
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