Flexible Shaft Couplings Industry Analysis, Growth, and Forecast Report

Global Flexible Shaft Couplings Market is expected to grow significantly in the forecast period owing to developments in the coupling technology and its increasing applications in several end use industries. Couplings are used to connect two shafts together for power transmission. Similarly, flexible shaft couplings are commonly used components for rotating power trains.

Flexible shaft couplings market is driven for industrial applications like food processing, automotive, steel, mining, marine, tire manufacturing, aerospace and others. The manufacturers in the industry are emphasizing on 3D printing as it enables cost efficient manufacturing in short duration and product categorization. The rise in number of manufacturers is helping them overcome challenges like renovation for refined coupling designs. Automobile and aerospace manufacturers have adopted this technology way back for manufacturing engine and vehicle components.

Flexible shaft couplings market is categorized on the basis of type, application, end users, and geography. On the basis of type, flexible shaft couplings market is classified into mechanical element flexible shaft couplings (gear, chain, flexible link, metal ribbon, and others), elastomeric element flexible shaft couplings (elastomeric compression, elastomeric shear) and metallic membrane or disc type governing (diaphragm, flexible disc).

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On the basis of application, flexible shaft couplings market is divided into anti-vibration, resolver, compensating, stepper & servo motors, blowers & fans. Based on end users, flexible shaft couplings market is divided into steel, power & energy, tire manufacturing, automotive, aerospace, mining, marine, food processing, and others. Flexible shaft couplings are widely used in oil & gas industry.

Geographically, flexible shaft couplings market is segmented as North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate flexible shaft couplings market in the forecast period owing to the rise in demand from emerging economies like China and India. These regions have also become a hub for manufacturing companies. The key players in flexible shaft couplings market are Toyo Tire & Rubber Co., Ltd., GKN Plc., Gates, Herwarth Reich GmbH., LORD Corporation, Voith, Tsubakimoto Chain Co., Zero-Max, Helical Products Co., and Hutchison.

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Water Meter Market Development Analysis and Business opportunities Report

The Water Meter Market is estimated to grow at a CAGR of 6.4% over the forecast period as the scope and its applications are rising enormously across the globe. Water Meters are termed as devices that measure the amount of water supplied. They measure the volume of water in cubic meters used by commercial and residential buildings, which are supplied with water by a public water supply system. It may be used at water source to regulate flow via a distinct portion of the system. Velocity meters and positive displacement meters are the major types of water system.

Government initiative for rising awareness among consumers regarding advantage of installing water meters and analyzing the required amount of water, saving energy and resources, and growing demand from customers are documented as major factors estimated to enhance the growth in the years to come. However, the presence of alternatives may restrain overall market growth in the years to come. Water Meter Market is segmented based on type, application, and region.

Ultrasonic, rotary piston, electromagnetic, single jet, combination, multi jet, and woltman are the types that could be explored in the forecast period. The market may be categorized based on applications like industrial, residential, commercial, and others. The residential sector accounted for the significant market share of Water Meter and is estimated to continue its dominance in the years to come. However, commercial and industrial sector are estimated to grow at the fastest pace in the years to come.

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Globally, Asia Pacific accounted for the substantial market share of Water Meter and is estimated to lead the overall market in future. The reason behind the overall market growth could be presence of key manufacturers in the region and developing infrastructure in this region. The developing countries like India and China are the major consumers of Water Meter in this region.

North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. The United States is the major consumer of Water Meter in this region. However, Europe is estimated to grow at fastest pace with the highest CAGR in the foremost period.

The key players of Water Meter Market are Jiaxing Eastron Electronic Instruments Co., Ltd., Diehl Stiftung & Co. KG, NINGBO WATER METER CO., LTD., Azbil Kimmon Co., Ltd., Plata Meter Co., Ltd, Badger Meter, Inc., B Meter, Itron Inc., Elster Group GmbH, Gioanola S.R.L., Mueller Systems, and Aichi Tokei Denki Co., Ltd. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition.

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