Slip Rings Market: Global Industry Analysis, Trends, and Forecast 2029

Slip Rings Market was valued at US$ 1.35 Billion in 2021. The Industrial is one of the segments reviewed in the MMR report dominating the global Slip Rings market.
Slip Rings Market Overview:
Slip rings are also known as controlling power connectors, electric swivels, & collectors. These rings used as an electrical machine for transmitting electrical & power signals from a spinning to a stationary structure. Slip rings are utilised in jib cranes & towers, hose winders, & other industrial automation applications. Progressive multi-spectral monitoring apparition systems also use slip rings to transmit signals from infrared (IR), day, & night cameras from a rotating to a stationary platform. As these designs transition from standard or analog video to high definition (HD) digital video, gear reduction producers have kept up with the increased network bandwidth.To know about the Research Methodology :- Request Free Sample Report

Market Trends in Slip Rings All around World:

The increasing demand for slip rings in wind generation plants is likely to fuel market expansion over the forecast period. Wind generators become more popular as a renewable energy source all around the world. Slip rings are likely to become more popular in wind turbines as they improve the machine's performance and extend its life. They increase the efficiency of the turbine by allowing for more efficient transfer of data and power signals. Furthermore, the rapid expansion of space endeavors & activities like ground vehicles, missiles, & satellite is going to drive up need for slip rings. In the next years, this aspect is anticipated to increase slip ring demand.
Slip Rings Market Segment Overview:
From 2021 to 2030, storage technologies & energy production applications are expected to command large market share. Manufacturers are progressively focused on government and non - governmental investments in space-related enterprises, like satellite, rockets, & interplanetary ground vehicles, in different countries, which is likely to boost the slip ring market growth. Slip rings can be used for pilot instruction on rotating machines. A considerable number of cargo ships & cruise liners, as well as special purpose boats including coast guard ships, icebreakers, & offshore platforms, utilize slip ring units for marine propulsion. Slip rings are used in closed-circuit cameras, amusement rides, CT scanners, motors, radio telescopes, and helicopters, among other things.

Moreover, slip ring applications in business areas will be a significant contributor to revenue in the worldwide slip ring market in the forecast period, due mainly to the easier availability of new technologies, especially those associated with renewable energy generation via setups including such wind turbines.

Innovation are fueled by the development of new technologies & the development of end-use applications.

A slip ring is an electromechanical instrument which enables electricity & electric waves to be transmitted from a stationary object to the rotating framework. Slip rings are utilised in a variety of industrial applications, as well as jib cranes and towers, hose winders, or other equipment.

Companies and organizations in the military, space, power generation, aviation & aerospace, and transportation sectors, among others, are among the principal end users of slip rings. A variety of slip rings, including wireless slip rings, pneumatic brake pad, capsule slip rings, and moulded slip rings, are currently available in the market due to evolving applications and technological advancements.

To gain an edge in the worldwide industry, market participants in the current slip ring market are expected to focus on product development and improving the salient features of their products. As slip ring applications continue to evolve at a quick rate, innovations in the slip ring market are expected to gain significant traction throughout the forecast period– a trend that is expected to drive slip ring demand in the coming years.

Mechanical and physical engineers operating in the global slip ring market are focusing attention on leveraging new materials and techniques to enhance the quality achievement of slip rings. For these characteristics, and the huge number of applications for slip rings, the global slip ring market is expected to reach US$ 1.1 billion by 2030.
Slip Rings Market Regional Overview:
North America, followed by Europe, is the biggest market for slip rings, with its share of the global market predicted to stay consistent over the forecast period. In the year 2021, the North American market will be worth USD 250 million. Excess supply for slip rings in a variety of end-use industries, including such industrial manufacturing, electricity, & healthcare, as well as investments in space exploration, especially in the United States, and the presence of key market players in the area, will create major market opportunities.

The U.S has mostly focused in its aerospace & automotive sectors; increased defence budget is expected to boost the slip rings market's growth prospects. APAC Countries like China & India have made substantial investments in the defence and maritime sectors, & these businesses have made important investments in the slip rings market to improve transmission.

The development of the commercial world is expected to be a driving factor for the slip rings market in the APAC region. Over the forecast period, Europe, followed by Japan, is expected to deliver moderate demand for slip rings. The European countries have a high manufacturing base for slip rings. Over the forecast period, growing the use slip rings in wind turbines is expected to boost the market in the Europe slip rings market. Because of rising industrialization & a growing aerospace defence industry, demand for slip rings in the Middle east and Africa has risen. The slip rings industry in Latin America is predicted to grow gradually.

The objective of the report is to present a comprehensive analysis of the Slip Rings Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Slip Rings Market dynamics, structure by analyzing the Market segments and project the Slip Rings Market size. Clear representation of competitive analysis of key players by Product Type, price, financial position, Product Type portfolio, growth strategies, and regional presence in the Slip Rings Market make the report investor’s guide.
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Global Slip Rings Market


Base Year
2021
Forecast Period
2022-2029


Historical Data
CAGR
Market Size in 2021
Market Size in 2029


2017 to 2021
4%
US$ 1.35 Bn
US$ 1.85 Bn


Segments Covered


by Product
• Mercury-wetted slip rings
• Pancake slip rings
• Wireless slip rings
by End Use
• Aerospace-defense
• Commercial
• Industrial
• Marine
• Others


Regions Covered


North America
• United States
• Canada
• Mexico
Europe
• UK
• France
• Germany
• Italy
• Spain
• Sweden
• Austria
• Rest of Europe
Asia Pacific
• China
• S Korea
• Japan
• India
• Australia
• Indonesia
• Malaysia
• Vietnam
• Taiwan
• Bangladesh
• Pakistan
• Rest of APAC
Middle East and Africa
• South Africa
• GCC
• Egypt
• Nigeria
• Rest of ME&A
South America
• Brazil
• Argentina
• Rest of South America



Slip Rings Market Key Players are:
.• Moog Inc.
• Schleifring GmbH
• Cobham Plc
• STEMMANN-TECHNIK
• MERSEN
• United Equipment Accessories, Inc
• Michigan Scientific Corporation
• Rotac Co. Ltd
• Electro-Miniatures Corporation
• Conductix-Wampfler
• NSD Corporation
• Alpha Slip Rings, Inc.
• Globetech Inc
• Moflon Technology
• JINPAT Electronics
• SenRing Electronics
• Foxtac Electric

FAQ’S:

1) What is the share of the Global Slip Rings Market in 2021?
Answer: The Slip Rings Market was accounted for 1.35 Billion in the year 2021.

2) Which End Use segment is dominating the Slip Rings Market?
Answer: Aerospace-defense segment is the dominating end use segment in the market.

3) What are the key players in the Slip Rings Market?
Answer: Moog Inc., Schleifring GmbH, Cobham Plc, STEMMANN-TECHNIK, MERSEN
United Equipment Accessories, Inc, Michigan Scientific Corporation, Rotac Co. Ltd
Electro-Miniatures Corporation, Conductix-Wampfler, NSD Corporation, Alpha Slip Rings, Inc., Globetech Inc, Moflon Technology, JINPAT Electronics, SenRing Electronics
Foxtac Electric.

4) Which factor acts as the driving factor for the growth of the Slip Rings Market?
Answer: The major factors for the growth of the Slip Rings market includes the increasing demand for slip rings from wind power generation plants