Rising Demand For Quick Disconnect Coupling from Data Centers
From the last few years, the global quick disconnect coupling market has been witnessing a considerable demand from the data center industry. This is attributed to the technological advancement impacting the functionality, design, and the modus operandi of quick disconnect coupling. The adoption of liquid cooling system and non-spill coupling for transporting coolant to the filtration unit equipped in data centers and to distribute it to each of the IT server chassis within the rack to reduce the heat generated. This is expected to further propel the demand of quick disconnect coupling in the data centers during upcoming years.
Additionally, thermal management of quick disconnect coupling provides a safe and reliable connection to the data center along with the high flow for an effective cooling process. For instance, CEJN AB has developed non-drip brass series 767 high flow, which is an inexpensive non-drip modular coupling ideal for almost all applications, and also perfect for cooling of electronics.
China’s Robotics Industry Development Plan to Generate Ample Market Opportunities
Asia-Pacific dominates the global market during the forecast period, owing to the rising demand for quick disconnect coupling from emerging economies like India and China. China held 24.03% of share in the global quick disconnect couplings market in 2018 and is expected to grow at a CAGR of 6.3%. China has one of the largest machinery markets in the world, and the market reached USD 3.18 trillion in 2018 at a CAGR of 6.05%. This is attributed to the recovery of the manufacturing industry in China and an increase in its exports in 2018. The Chinese manufacturing industry, since 2016, has undergone increased prices and decreased demand due to the overproduction of commodities. However, government initiatives to stabilize the economy favored the manufacturing industry. Chinese machinery market is dominated by the local SMEs clustered around Jiangsu Province, Shanghai, Zhejiang Province, and Shandong Province. Setting up sales offices and inventory facilities nearby these regions are expected to aid the quick disconnect coupling manufacturers in business expansion. The government’s Robotics Industry Development Plan for 2016–2020 is expected to boost the demand for quick disconnect couplings in the country. The government of China is aiming to produce 500,000 industrial robots by 2020. Besides, the presence of various hydraulic, pneumatic, and sealing machinery manufacturers is expected to propel the demand for quick disconnected coupling market. Construction, agriculture, and mining equipment manufacturing industries are altogether contributing significantly to China’s GDP, ultimately offering growth opportunities for the quick disconnect coupling market.
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Undeterred by the Emergence of GST and Demonetization, India Sets a Record of 90,000 Units Sales of Construction Equipment
India and Japan, too, hold significant share of the global quick disconnect couplings market. This is attributed to the rising investments in infrastructure development, burgeoning construction equipment industry, and ‘Make in India’ campaign initiated by the Indian government. From the past few years, the construction equipment market in India is boosting with a growth rate of 24% and record sales of 90,000 units in FY 2017–2018; despite the emergence of GST and demonetization.
Japan to Observe Considerable Market Growth with the Presence of Notable Agriculture Equipment Manufacturers
The notable agriculture equipment manufacturers — Kubota, Yanmar, and Mitsubishi, are the primary consumers of quick disconnect couplings in Japan. The manufacturing sector in Japan is expecting a decent growth rate despite its economic slowdown. The Ministry of Economy, Trade, and Industry of Japan stated that advanced manufacturing sector in Japan is expected to reach USD 270 billion by 2020.
Quick Disconnect Couplings Market Segmentation
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