Wireless Slip Rings An Insight On the Important Factors and Trends Influencing the Market

The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.

The report offers actionable and valuable market insights of Wireless Slip Rings. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Wireless Slip Rings Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Wireless Slip Rings market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Wireless Slip Rings

This newly published and insightful report sheds light on Market Insights of Wireless Slip Rings, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Wireless Slip Rings Market.

The global slip ring market is estimated to be valued at over US$ 1 billion by the end of the forecast period in 2030. The industry is expected to be negatively impacted by the coronavirus outbreak owing to declining activity in a number of end-use industries and limited production, which has reduced demand for slip rings. However, the market is likely to witness faster growth in the years ahead driven by initiatives towards the development of renewable energy generation infrastructure such as wind turbines, and the growing investments by the industrial sector towards automated processes.

Slip ring market players are increasingly focusing on improvements towards specialized slip rings with wireless capabilities to improve power transmission capabilities, while leveraging demand from mobile industrial equipment manufacturers, aiding growth prospects for the future.

Key Takeaways from Slip Ring Market Study
The global slip ring market is projected to create an absolute $ opportunity of over US$ 200 million and is expected to rise at a CAGR of around 3% through 2030.
In terms of product type, pancake slip rings are anticipated to remain dominant with significant market share through 2030, on the back of growing demand for miniaturization in industrial automation.

By end user, space and renewable energy sectors are likely to witness higher demand, driven by major investments from governments and private sector end user companies.
North America is expected to hold major market share in the slip ring market, with the market valued at more than 250 Mn in 2020, aided by easier access to new technology and a larger presence of leading market players.

With reduced industrial activities during the COVID-19 pandemic, the slip ring market will experience sluggish growth in the near future.
“Rising demand for wind turbines around the world is expected to positively impact on the rise of the slip ring market through 2030. Furthermore, improvements in terms of materials used for production and new technologies in wireless slip rings are expected to bolster the long-term prospects of the industry,”says a Fact.MR analyst.

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Product Development and Launch Strategies Gain Ground
Leading players in the slip ring market are Cobham Limited, Combinent Oy, MERSEN Property, Moflon Technology, Moog Inc., Pandect Precision Components Ltd., ROTAC Co. Ltd., Schleifring GmbH, SPINNER GmbH, and STEMMANN-TECHNIK, among others. The market is moderately fragmented with a number of regional players. The competitive landscape of the slip ring industry has been largely characterized by efforts towards product development and launches.

Moog Inc. has introduced a new pitch control slip ring aimed towards applications in the wind energy market, for varying sizes of turbines, with lower costs of maintenance and ownership. The company has featured control over rotor flanges for ease of installation, minimal torque, and capabilities to isolate signals from power.

SPINNER GmbH has unveiled fiber optic rotary joints for application in single and multi-channel slip rings under the designation FORJ 1.17 and FORJ x.40. The products have been revealed to come with IP68 ratings aimed towards applications in underwater vehicles and offshore industrial settings.

Schleifring GmbH has unveiled a range of contactless slip rings for power and data applications including industrial EtherNet, Fast-EtherNet, PowerLink, GigaBit, Modbus TCP, Profinet, EtherNet IP, EtherCAT, and Sercos III, with minimal energy and signal loss and low interference for external sources for customer-specific use, with separation between power and data transmission.

Key Segments of Slip Ring Market
Fact.MR’s report on the slip ring market offers information divided into three key segments-product, end user, and region. This report offers essential data about the important market dynamics and growth parameters associated with these categories.

Product

Wireless Slip Rings
Pancake Slip Rings
Pneumatic Slip Rings
Miniature Slip Rings
Capsule Slip Rings
Molded Slip Rings
Others (Hybrid Slip Rings, etc.)
End User

Aviation & Aerospace
Defense
Space
Others (Factory Automation, etc.)
Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)

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More Valuable Insights on Wireless Slip Rings Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Wireless Slip Rings, Sales and Demand of Wireless Slip Rings, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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