Slip Ring Market

Global Slip Ring Market is valued at USD 815.5 Million in 2020 and expected to reach USD 1013.2 Million by 2027 with a CAGR of 3.15% over the forecast period.

Scope of Global Slip Ring Market

Global Slip Ring Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Increasing environmental concern and high demand for slip ring to manufacture wind turbines are some of the major factors driving the Global Slip Ring Market.

Slip ring is an electromechanical device which transmits the power and electrical signals from a stationary to a rotating structure. A slip ring is also used in electromechanical system in whit it required in rotation while transmitting the power or signals. The slip rings also known as, rotating electrical connectors, rotary electrical interface, electrical rotary joins and collectors. In addition, these slip rings are found in slip ring motors, electrical generators for alternating current systems and alternators and in packaging machinery and wind turbines.

There are many types of slip ring which are mercury-wetted slip rings, pancake slip rings, wireless slip rings, and many others. Slip ring is made of a stationary graphite or metal contact which rubs on the outside diameter of a rotating metal ring. Slip ring is also used for making an electrical connection through a rotating assembly. It helps to improve mechanical performance and also helps to simplify system operation and also eliminate the damage prone wires dangling from movable joints.

The COVID-19 affected the global slip ring market negatively due to the decline in the growth of global manufacturing industry. Additionally the outburst of COVID-19 also limited the operation in a wide range of end use industries sectors. Similarly the reduction in demand due the lockdown also affected the overall market of slip ring.

The global Slip Ring Market is segmented on the basis of type, end use and region & country level. On the basis of type, the slip ring market is classified as mercury-wetted slip ring, pancake slip rings and wireless slip rings. Based on end use, the global slip ring market is divided into aerospace-defense, commercial, industrial, marine and others.

The regions covered in Global Slip Ring Market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of Global Slip Ring is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Slip Ring Manufacturers

Global Slip Ring Market reports cover prominent players like

• Moog Inc
• Schleifring GmbH
• Cobham Plc
• STEMMANN-TECHNIK
• MERSEN
• United Equipment Accessories
• Michigan Scientific Corporation
• Rotac Co.
• Electro-Miniatures Corporation
• Conductix-Wampfler
• NSD Corporation
• Alpha Slip Rings
• Globetech Inc
• Moflon Technology
• Menzel Electromotoren
• JINPAT Electronics
• SenRing Electronics
• Foxtac Electric
• others.

Global Slip Ring Segmentation

Global Slip Ring Market: By Product Type

• Mercury-wetted slip rings
• Pancake slip rings
• Wireless slip rings
• Others                 

Global Slip Ring Market: By End Use

• Aerospace-defense
• Commercial
• Industrial
• Marine
• Others         

News: Deublin Launched a New Family of Configurable Electrical Slip Rings

On August 31^st, 2018; Deublin, a leading manufacturer of electrical slip rings, launched the new SRC and SRD electrical slip ring families for use in modern wind turbines The new SRC and SRD model slip rings offer a broad range of options to meet the needs of today’s wind turbines operations. These new products are based on a modular, configurable design with up to 99 electrical channels that can operate at speeds up to 250 rpm, allowing for rapid product selection and shorter overall lead times.

Increasing Environmental Concern and High Demand for Slip Ring to Manufacture Wind Turbines are Some of the Major Factors Driving the Market Growth

The increasing environmental concern and regulatory pressure resulting in the deployment of wind turbines which leads to increase the demand for customized slip rings from various industries. In addition, increasing technological advancements and innovations and rising exploration in space are also fostering the demand of the slip ring. From past few years, people are more concern regarding environment and the demand for sustainable, green and clean energy has increased which has also compelled power generation companies to deploy wind turbines to attain these objective. As the demand continues to grows, the demand for annual turbine installed in various countries continues to increase and which is also supplementing the demand for slip ring as it is one of the core components of wind turbine.

However, high maintenance cost for slip rings installation, poor speed regulation and high replacement cost associated with damaged slip rings may hinder the growth of this market. In addition, wide range of applications in industries like the crane, solar, steel, packaging, wind, marine, elevator and aerospace for adaptable design measurements, multiple transmission ways, and high-power loads and also to transfer power, electrical signals, and stationary to a rotating structure may provide a opportunity for the further growth of the global slip rings market.

North America is Anticipated to Dominate the Global Slip Ring Market

North American region is anticipated to dominate the global slip ring market due to the high expenditure in defense, strong presence of slip ring vendors, and increasing demand for wireless slip rings in this region. The Asia Pacific region is expected to show a fastest growth due to the countries has majorly spent its money in the defense and marine sector for better transmission purpose. The commercial sector growth has also expected to become one of the major drivers for the slip rings market in the Asia Pacific region. India and China are expected to adopt high slip rings in petrochemical and oil & gas plants due to the increasing demand for petrochemical/chemical products in these countries. The European region is expected to witness a significant growth in slip ring market owing to the high usage of slip rings in the wind turbines in this region.

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

The Middle East and Africa

• GCC
• Africa
• Rest of the Middle East and Africa

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 815.5 Million
Base year considered	2020
Forecast Period CAGR %:	3.15%
Market Size Expected in 2027:	USD 1013.2 Million
Tables, Charts & Figures:	175
Pages	300
slip ring Manufactures	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, Menzel Electromotoren, JINPAT Electronics, SenRing Electronics, Foxtac Electric and others.
Segments Covered	By End-Use, By  Product Type,
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa