Technological Advancements in Slip Ring Market Trends, Growth and Forecast 2030

𝐒𝐥𝐢𝐩 𝐑𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

The global slip ring market is anticipated to reach US$ 1.1 Bn by 2030. The slip ring market is projected to expand at a CAGR of 3% from 2020 to 2030 based on revenue. North America was a significant contributor to the slip ring market in terms of revenue in 2019. The prominent market share of the region is due to the high adoption of slip rings. In Asia Pacific, China is a prominent revenue contributor to the slip ring market. The slip ring market in Asia Pacific is expected to expand at a high CAGR during the forecast period.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/slip-rings-market.html

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐆𝐫𝐞𝐞𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐒𝐥𝐢𝐩 𝐑𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The upsurge in the adoption of green technologies is gaining popularity across the world. Increase in the installation of wind turbines for clean energy generation is expected to fuel the demand for slip rings in wind turbines to increase the efficiency of machines and enhance their life span. Rise in sales of wind energy converters and wind control cabinets increases wind turbine installation, which indirectly generates demand for slip rings. According to Ingeteam Corporación, SA, a manufacturer of electrical equipment, motors, generators & converters, etc., has seen strong sales of wind energy converters and wind control cabinets in the 2019. Sales are increasing due to the increasing investment in key emerging markets such as India and Brazil. These factors are likely to drive the demand for high-end and technologically advanced slip rings during the forecast period.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70119

𝐇𝐢𝐠𝐡 𝐌𝐚𝐢𝐧𝐭𝐞𝐧𝐚𝐧𝐜𝐞 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐒𝐥𝐢𝐩 𝐑𝐢𝐧𝐠𝐬

Slip rings require regular maintenance as sparking may occur in the presence of dust. Slip rings have complex configurations with more than 10 circuits. Maintenance of slip rings is totally dependent on the type of damage that occurs and which part is damaged. Parameters such as temperature, lubrication, dust, corrosion, noise, and vibration require to be checked on a regular basis. Hence, maintenance of slip rings is a must. This is expected to hinder the growth of the slip ring market in the near future.

𝐒𝐥𝐢𝐩 𝐑𝐢𝐧𝐠: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

The global slip ring market has been segmented in terms of product type, end user, and region. Based on product type, the slip ring market has been classified into wireless slip rings, pancake slip rings, pneumatic slip rings, miniature slip rings, capsule slip rings, molded slip rings, and others. The pancake slip ring segment dominated the global slip ring market in 2019. Based on end user, the slip ring market has been classified into aviation & aerospace, defense, space, and others.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=70119

𝐒𝐥𝐢𝐩 𝐑𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤

In terms of region, the global slip ring market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the slip ring market during the forecast period. The U.S. is projected to lead the North America slip ring market. This is primarily due to the presence of well-established and technologically advanced players in the region. However, during the COVID-19 pandemic, decrease in production (volume) of several end-use products is expected to hamper the overall demand for slip rings in the region. The slip ring market in Asia Pacific is anticipated to expand at a high CAGR during the forecast period. China, Japan, and India are the key markets in the region. The market in Middle East & Africa and South America is also projected to expand moderately during the forecast period.
The report provides in-depth segment analysis of the global slip ring market, thereby providing valuable insights at macro as well as micro levels. In-depth geographic analysis has also been included as part of the slip ring market.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=70119

𝐒𝐥𝐢𝐩 𝐑𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

The research study includes profiles of leading companies operating in the global slip ring market. Key players profiled in the report include Moog Inc., Cobham Limited, MERSEN Property, Combinent Oy Ab, Moflon Technology Co. Limited, Pandect Precision Components Ltd., ROTAC Co., Ltd., Schleifring GmbH, SPINNER GmbH, and Stemmann-TECHNIK.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Nikhil Sawlani
Transparency Market Research Inc.
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