Diaphragm Coupling Market Forecast To Grow At A CAGR Of 3.5% To Be Valued At US$ 772.3Million From 2022 To 2032

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.

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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.

Market Competition

Some of the key participants present in the global cloud seeding system market include 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, and KTR Systems GmbH among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Altra Industrial Motion Corp., Eagle Industry Co., Ltd., and Voith GmbH account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.

In February 2021 – KTR launched a new shaft coupling ROFLEX according to DIN 740 which is characterised by its short design and its service-friendliness. In addition to power transmission, the torsionally flexible coupling compensates for misalignments and dampens torsional vibrations.

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Key Segments Profiled in the Diaphragm Coupling Industry Survey

Diaphragm Coupling Market by Mode: