Market Overview:
The global magnetic couplings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and the growing need for energy-efficient systems. Magnetic couplings are used in a wide range of applications, such as underwater, petrochemical, electronic, and other applications. The disc-type coupling segment is expected to hold the largest share of the global magnetic couplings market by type during the forecast period from 2018 to 2030. This segment is also projected to grow at a higher CAGR than other segments during this period.
Product Definition:
A magnetic coupling is a device that couples two rotating shafts together using magnets. The magnets create a rotational force between the shafts, which allows them to rotate together. Magnetic couplings are used to transmit power or motion from one shaft to another without using gears or chains. This makes them ideal for applications where noise or contamination is a concern.
Disc-type Coupling:
Coupling disc-type is a mechanical device used in magnetic couplings. It is also known as coupling hub, it has an internal thread for receiving the fastener and two or more externally threaded portions which are used to couple two or more parts of machinery. The main function of this product is to connect the magnet with the attracting coil in electric motors and generators.
The global market for disc-type coupling was estimated at USD 1,33,000 thousand in 2015.
Synchronous Coupling:
Synchronous coupling is a mechanical device used to connect two rotating shafts or machines. It is also known as clockwise coupling, since it connects the rotation of one shaft to another. Synchronous couplings are widely used in industries such as power generation and automotive where speed and accuracy are crucial.
Application Insights:
The other application segment includes aerospace and defense. The underwater application segment is expected to witness the fastest growth over the forecast period owing to its rising use in oil & gas, marine, wind energy, and power generation industries. The growing offshore oil exploration activities are anticipated to boost product demand in this application sector over the coming years.
Electrical equipment is another major application of magnetic couplings which accounted for a market share of 26% in 2017 on account of their increasing use across various industries such as automotive, consumer electronics, etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing offshore projects in China, India, South Korea, Indonesia and Japan.
The demand for magnetic couplings is likely to grow significantly owing high investments being made by various companies including Siemens AG; Hyundai Heavy Industries Co., Ltd.; Alstom; General Electric; Toshiba Corporation; Samsung C&T Corporation etc.
Growth Factors:
- Increasing demand from the automotive industry for fuel efficiency and emission control
- Growing popularity of electric vehicles
- Rising demand for energy-efficient and compact equipment in industrial applications
- Proliferation of automation across various industries
- Technological advancements in magnetic coupling systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Couplings Market Research Report
By Type
Disc-type Coupling, Synchronous Coupling
By Application
Underwater, Petrochemical, Electronic, Other
By Companies
EagleBurgmann, ABB, DST, Rexnord, Tridelta, CENTA, Dexter, MagnaDrive, Magnetic Technologies, JBJ, KTR Corporation, Ringfeder Power Transmission, MMC Magnetics, SDP&SI, OEP Couplings
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Couplings Market Report Segments:
The global Magnetic Couplings market is segmented on the basis of:
Types
Disc-type Coupling, Synchronous Coupling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Underwater, Petrochemical, Electronic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EagleBurgmann
- ABB
- DST
- Rexnord
- Tridelta
- CENTA
- Dexter
- MagnaDrive
- Magnetic Technologies
- JBJ
- KTR Corporation
- Ringfeder Power Transmission
- MMC Magnetics
- SDP&SI
- OEP Couplings
Highlights of The Magnetic Couplings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Disc-type Coupling
- Synchronous Coupling
- By Application:
- Underwater
- Petrochemical
- Electronic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnetic Couplings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnetic couplings are a type of interaction between two or more magnetic fields. When two or more magnets are placed close to each other, the fields interact and create a force that can be used to move objects. This force is strongest when the magnets are aligned in a particular direction, which is why they're often used in devices like speakers and hard drives.
Some of the major players in the magnetic couplings market are EagleBurgmann, ABB, DST, Rexnord, Tridelta, CENTA, Dexter, MagnaDrive, Magnetic Technologies, JBJ, KTR Corporation, Ringfeder Power Transmission, MMC Magnetics, SDP&SI, OEP Couplings.
The magnetic couplings market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Couplings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetic Couplings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Couplings Market - Supply Chain
4.5. Global Magnetic Couplings Market Forecast
4.5.1. Magnetic Couplings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Couplings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Couplings Market Absolute $ Opportunity
5. Global Magnetic Couplings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnetic Couplings Market Size and Volume Forecast by Type
5.3.1. Disc-type Coupling
5.3.2. Synchronous Coupling
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic Couplings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnetic Couplings Market Size and Volume Forecast by Application
6.3.1. Underwater
6.3.2. Petrochemical
6.3.3. Electronic
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic Couplings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnetic Couplings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnetic Couplings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnetic Couplings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnetic Couplings Demand Share Forecast, 2019-2026
9. North America Magnetic Couplings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnetic Couplings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnetic Couplings Market Size and Volume Forecast by Application
9.4.1. Underwater
9.4.2. Petrochemical
9.4.3. Electronic
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Couplings Market Size and Volume Forecast by Type
9.7.1. Disc-type Coupling
9.7.2. Synchronous Coupling
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnetic Couplings Demand Share Forecast, 2019-2026
10. Latin America Magnetic Couplings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnetic Couplings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnetic Couplings Market Size and Volume Forecast by Application
10.4.1. Underwater
10.4.2. Petrochemical
10.4.3. Electronic
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Couplings Market Size and Volume Forecast by Type
10.7.1. Disc-type Coupling
10.7.2. Synchronous Coupling
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnetic Couplings Demand Share Forecast, 2019-2026
11. Europe Magnetic Couplings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnetic Couplings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnetic Couplings Market Size and Volume Forecast by Application
11.4.1. Underwater
11.4.2. Petrochemical
11.4.3. Electronic
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Couplings Market Size and Volume Forecast by Type
11.7.1. Disc-type Coupling
11.7.2. Synchronous Coupling
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnetic Couplings Demand Share, 2019-2026
12. Asia Pacific Magnetic Couplings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnetic Couplings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnetic Couplings Market Size and Volume Forecast by Application
12.4.1. Underwater
12.4.2. Petrochemical
12.4.3. Electronic
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Couplings Market Size and Volume Forecast by Type
12.7.1. Disc-type Coupling
12.7.2. Synchronous Coupling
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnetic Couplings Demand Share, 2019-2026
13. Middle East & Africa Magnetic Couplings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnetic Couplings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnetic Couplings Market Size and Volume Forecast by Application
13.4.1. Underwater
13.4.2. Petrochemical
13.4.3. Electronic
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Couplings Market Size and Volume Forecast by Type
13.7.1. Disc-type Coupling
13.7.2. Synchronous Coupling
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnetic Couplings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetic Couplings Market: Market Share Analysis
14.2. Magnetic Couplings Distributors and Customers
14.3. Magnetic Couplings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. EagleBurgmann
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DST
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rexnord
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tridelta
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CENTA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dexter
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MagnaDrive
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Magnetic Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JBJ
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. KTR Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ringfeder Power Transmission
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MMC Magnetics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SDP&SI
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. OEP Couplings
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
