Gear couplings are mechanical devices that are designed to transmit torque between two non-collinear shafts. Typically, the coupling consists of two flexible joints, one fixed to each shaft. These joints are mostly connected by a third shaft, which is also known as the spindle. Owing to the torsional rigidity that gear couplings provide, they are increasingly being used in high-speed applications such as mining and metals, oil and gas, and heavy machinery industries. This torsional rigidity in gear couplings helps absorb minor shocks and dampen vibrations in high-speed machinery such as centrifugal pumps. According to SpendEdge’s latest Global Couplings Procurement Market Intelligence Report, the gear couplings market will record a spend growth rate of over 4% during 2018-2022. The following are the top gear coupling suppliers at a global scale:
ABB is a market leader in advanced technologies and works closely with transportation, utilities, and infrastructure clients to revamp the industrial space and realize value for these efforts. The company is Swedish-Swiss multinational corporation that operates mainly in power, robotics, heavy electrical equipment, and automation technology. ABB has a rich history and experience record spanning over 130 years. The company currently employs over 1,30,000 employees in over 100 countries. According to SpendEdge’s report, the company recorded a revenue of $34.31 billion in 2017.
The company engages in designing, producing, and marketing of a wide range of mechanical power transmission products. They sell world-class products in over 70 countries across the world. The company has an enormous portfolio that includes enclosed gear drives, industrial clutches and brakes, machined-race bearings, open gearing, couplings, variable frequency and belted drives, linear actuators, and other related products. Founded in the year 2004, Altra has currently established their operations in over 70 countries worldwide.
Rexnord, headquartered in Milwaukee, US is a multiplatform industrial leader that serves a diverse list of global end markets. Some of the key industries served by this company include aerospace, automotive, food and consumer goods, agri-farm, oil and gas, and mining. The company operates in 110 countries with a workforce of 8000 employees. One of the key goals of this company is to build multiple, global strategic platforms in end-markets with sustainable growth opportunities.
A family-owned multinational corporation, Voith was founded in the year 1867 and is headquartered in Germany. With over 150 years of expertise and a broad product portfolio of products, services, systems, and digital applications, the company sets standards in the markets of paper, raw materials, transport & automotive, energy, and oil & gas. Today the company has a strong workforce of 16,000 employees working in their facilities in more than 60 countries across the globe.
Siemens is a global player dealing in a wide array of operations ranging from power generation, transmission and distribution to smart grid solutions and the efficient application of electrical energy. Siemens also has proven expertise in the fields of medical imaging and laboratory diagnostics. Currently operating in over 100 countries, they employ approximately 3,70,000 employees. The company also offers several electrical engineering and electronics-related products and services. Automation, electrification, and digitalization are the long-term growth fields of this company.
SpendEdge’s procurement report offers strategic insights on the supply market for the global gear couplings market and helps procurement professionals to gain information on the supply market, pricing models, sustainability and procurement best practices, and key sourcing and procurement trends affecting the global gear couplings market.