Magnetic Couplings Market Scope
A magnetic coupling is a coupling that transfers torque from one shaft to another by using a magnetic field rather than a physical-mechanical connection. Most often it is used for liquid pumps and propeller systems to separate the fluid from the motor operating in the air. However, in underwater vehicles, the magnetic couplings are used to transmit torque from the electric motor to the prop as the couplings are non-contact and utilize attraction and repulsion of the magnetic poles to transmit rotational power.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ABB Ltd. (Switzerland), EagleBurgmann (Germany), DST (Germany), Rexnord (United States), Tridelta-Magnetsysteme (Germany), Centa Corporation (United States), Dexter (United States), MagnaDrive (United States), JBJ (United Kingdom) and KTR Corporation (Germany) |
CAGR | % |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Magnetic Couplings market throughout the predicted period.
ABB Ltd. (Switzerland), EagleBurgmann (Germany), DST (Germany), Rexnord (United States), Tridelta-Magnetsysteme (Germany), Centa Corporation (United States), Dexter (United States), MagnaDrive (United States), JBJ (United Kingdom) and KTR Corporation (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Ringfeder Power Transmission (Germany) and MMC Magnetics (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Magnetic Couplings market by Type , by Application (Petrochemical, Electronic, Food Processing and Others) and Region with country level break-up.
On the basis of geography, the market of Magnetic Couplings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2023,Mental health startup UpLift announced it acquired women-focused digital psychiatry platform Minded, increasing its women-led offerings and expanding its reach to five additional states.
In July 2019, Miki Pulley introduced new magnetic couplings. These couplings are ideal for machine designs involving food, pharmaceutical, and laboratory applications requiring a clean non-contact connection between motor and shafts. Its non-contact is particularly important where cleanliness and motor isolation are required in the mixing system design. However, Miki Pulley's magnetic couplings are also available in different configurations including shaft-to-shaft, parallel cylinder, perpendicular, and well as stainless and plastic-clad versions for food/washdown environments.
Influencing Trend:
Growing Trend of Wireless Power Transfer System for Seamless Powering
Market Growth Drivers:
Increasing Demand of Magnetic Couplings to Transmit Torque through the Air and Non-Contact Connection between Motor and Shafts
Challenges:
If Magnetic Couplings are Exposed to Temperatures above Their Threshold, They Can Begin To Lose Their Magnetism
Restraints:
Very Large or Powerful Magnetic Coupling Is neither Feasible, Nor Cost-Effective
Opportunities:
High Adoption of Magnetic Couplings by Petrochemical Industries to Eliminate Fluid or Gas Leakage
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Magnetic Couplings Manufacturers, Suppliers and Distributors of Magnetic Couplings, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others