Quick Connect Couplings Market Overview
Product Overview and Scope of Quick Connect Couplings
Quick couplings are also known as quick connect couplers. Quick couplings can be connected and disconnected easily as they are compact but very robust and sturdy in their applications. There are various applications where quick coupling has been used. They are majorly used in industrial applications where the medium flows through the line. The medium could be oil, gas, steam, vacuum, or anything that should be controlled and monitored their flow. Quick connecting coupling should be properly used in order to meet the demand. Operators need to ensure that they are ideally fit for lines and are not causing any tightness or smoothness around them. Additionally, they should not lead to any fluid loss and enable a smooth flow of the medium passing through.
Quick connecting couplers are highly reliable as they provide reliable service for the transfer of fluid for hydraulic, pneumatic, and vacuum systems. The couplings on the flow side have a floating ball valve that closes automatically when the couplings are disconnected and hence prevents the spillage of fluid from the system. These couplers are generally designed according to the maximum working pressure and could be made of brass, steel, or stainless steel depending upon the application and the type of fluid.
Quick Connect Couplings Market – Global Industry Analysis
Market Drivers
- Increasing use of quick-connect couplings across various sectors is a major factor driving the growth of the global market
Increasing use of quick-connect couplings across several sectors such as agricultural, industrial, vehicles & construction, oil & gas, and others is the major driving factor for the growth of the global market. In the agriculture sector, quick-connect couplings allow for easy and rapid connection and disconnection of fluid lines in agricultural equipment and systems. This saves time during operations such as spraying, irrigation, and fertilizing. Thus, farmers can quickly switch between different implements or attachments without the need for tools or extensive manual labor, thereby improving overall operational efficiency. Furthermore, in the oil and gas industry, operators work daily to extract materials without proper safety precautions, which could be harmful to their health and cause fires or even explosions in the event of exposed flames or sparks. In this critical condition, quick-connect couplings stop the fluids in the drilling well from rising up to the surface due to pressure and spreading toxic, flammable, and explosive material in the work area. Global upstream investments in oil and gas exploration, extraction, and production are expected to increase 11% annually to USD 528 billion in 2023, the highest level since 2015. Thus, these factors contribute to an increase in the growth of the global quick-connect couplings market.
Furthermore, Electric vehicles (EVs) require innovation on a worldwide scale for charging to improve accessibility, speed, and effectiveness. More heat is produced by the higher output, requiring efficient thermal management. Quick couplings make installation, reliability, and maintenance easier while liquid cooling satisfies the cooling needs. Fast charging for battery electric vehicles (BEVs) is made possible by quick couplings, which can elevate the entire design of liquid cooling systems. Furthermore, quick-connect couplings play an important role in ensuring safety and preventing fluid leaks in vehicles and construction machinery. The secure and leak-free connections provided by quick-connect couplings help to reduce the risk of accidents, ensuring the safety of operators.
- Growing need to increase productivity and operational efficiency in the industrial sector is another responsible factor for market growth
- Increasing Focus on worker safety influencing the growth of the global quick connect couplings market
Global Quick Connect Couplings Market Revenue and Segmentation Analysis
Global quick connect coupling market is expected to grow at a CAGR of 6.1% over the forecast period, from 2023 to 2030
Global Quick Connect Couplings Revenue Market Share (%) by Type in 2022
- Manual Type
- Automatic Type
Global Quick Connect Couplings Revenue Market Share (%) by Material in 2022
- Brass
- Steel
- Composite
- Plastic
Global Quick Connect Couplings Market Share by Seal
- Nitrile
- Fluoro elastomer
- Ethylene Propylene
- PTFE
Global Quick Connect Couplings Market Share by Connection
- Threaded
- Push-to-Connect
- Snap-on
- Twist-On
Global Quick Connect Couplings Market Share by Application
- Industrial
- Oil and gas
- Agriculture
- Chemical & Food
- Vehicle & Construction
- Others
Global Quick Connect Couplings Market Share by application
On the basis of applications, the quick connecting coupling market is segmented into industrial, oil & gas, agriculture, chemical & food, vehicle & constructions, and others. In 2022, the industrial segment held the largest market share of the global quick-connecting market due to several developments that are going on for the quick adoption of Industry 4.0. As companies are shifting towards 4.0 to increase productivity and operational efficiency, it is opening new avenues for the quick couplers market players to boost their production, and cater to increasing demand from the industrial sector.
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Quick Connecting Coupling Market Share (%), By Application in 2022 |
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Global Quick Connect Couplings Manufacturers Profiles/Analysis
Parker Hannifin Corporation
Parker Hannifin Corporation Company Basic Information, and Sales Area
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Description |
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1 |
Company Name |
Parker Hannifin Corporation |
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2 |
Website |
www.parker.com |
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3 |
Established Date |
1917 |
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4 |
Headquartered |
Ohio, United States |
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5 |
Market Position/History |
Parker Hannifin Corporation was founded in 1917 and is headquartered in the United states. In 1917, Arthur L. Parker and his business partner, Carl Klamm, founded the Parker Appliance Company in a small loft in Cleveland, Ohio. In the initial days, the company built pneumatic brake systems for trucks, trains, buses, and industrial machinery, as well as leak-free fittings for the pioneers of aviation. The company has its manufacturing, service, sales, distribution, and administrative facilities located in 38 states within the United States and in 44 other countries. |
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6 |
Sales Area |
Worldwide |
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7 |
Manufacturing Location |
United States |
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8 |
Ticker |
NYSE: PH |
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9 |
No. of Employees |
55,000 |
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10 |
Competitors |
Danaher, Cummins, Eaton Corporation PLC, ITT Inc., Trane Technologies PLC, Rockwell Automation, Smiths Group |
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11 |
CEO |
Jennifer A. Parmentier |
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12 |
Ownership Type |
Public |
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13 |
Contact Address |
6035 Parkland Blvd, Cleveland Oh United States 44124-4141 Tel: (216) 896-3000 688262 |
Business Segment/ Overview:
Parker Hannifin Corporation is a Fortune 250 global motion and control technologies and systems leader. The company designs, manufactures, and distributes precision-engineered products, services, and solutions for diverse mobile, industrial, and aerospace markets. The company’s products help create a more productive, sustainable, and connected world. The company has various product portfolios including hydraulics, pneumatics, and electromechanical controls, filtration systems and components, sealing products, motion control systems, aerospace systems and technologies, and industrial automation products.
Recent Developments:
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Year |
Latest News |
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2021 |
Parker Hannifin Corporation launched the new optimized FEM Quick Coupling Series: The new optimized FEM Quick Coupling Series offers an increased working pressure of up to 350 bar and a decreased pressure drop for better flow properties. The revised and updated FEM and FEC series have profiles corresponding to ISO 16028 and exceed the technical requirements in the ISO 16028 specifications. They are compatible with other series complying with the same standard. |
Business Strategy
Parker Hannifin Corporation’s goal is to be the leading provider of motion and control technologies and systems, and innovation is essential to achieving this goal. The company has several competitors and these competitors and the degree of competition vary widely by product line, end markets, geographic scope, and location. The company has four overarching goal strategies i.e., engaged people, customer experience, profitable growth, and financial performance. Parker Hannifin Corporation invests heavily in research and development and has a strong track record of developing new products and technologies.
