Slip Ring Market is Expected to Surpass a Valuation of US$ 1 Billion by 2031 End

250 Pages Slip Ring Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

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 Slip Ring. 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 Slip Ring Market across various industries and regions.

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The global slip ring market size is expected to reflect steady growth, surpassing a valuation of US$ 1 billion by the end of the forecast period of 2020 and 2030. Slip rings are electromechanical components that are largely used in industrial applications in devices that require rotation during the process of transmitting electric or power signals. These components are used in a number of industrial automation settings.

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.

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 Slip Ring 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 Slip Ring

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

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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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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.

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.

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Key Question answered in the survey of Slip Ring market report:

• Sales and Demand of Slip Ring
• Growth of Slip Ring Market
• Market Analysis of Slip Ring
• Market Insights of Slip Ring
• Key Drivers Impacting the Slip Ring market
• Which are the Key drivers impacted by Slip Ring market
• Restraints Shaping Market Growth
• Market Survey of Slip Ring

More Valuable Insights on Slip Ring Market

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

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