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.
- Altra Industrial Motion (U.S.),
- Regal Beloit (U.S.),
- John Crane (U.S.),
- Eagle Industry Co., Ltd. (Japan),
- Lenze Selection (Germany)
- RBK Drive (U.K.)
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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.
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Study objectives of Global Diaphragm Coupling in Turbo Machinery Market:
- To provide detailed analysis of the market structure along with forecast for the next ten years of various segments and sub-segments of the global diaphragm coupling in turbo machinery market.
- To provide insights about factors affecting the market growth
- To analyze global diaphragm coupling in turbo machinery market based on various tools such as Price Analysis, Supply Chain Analysis and Porters Five Force Analysis.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle-East and Africa.
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by material, by application and by regions.