Top Suppliers in the Global Gear Couplings Market: Supply Market Intelligence
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.