About Slip Ring
A slip ring acts as an electrical connection which allows the transmission of electrical power (current), signals or data from a stationary device to a rotating machine. Further, it offers a physical contacting method for power or data transfer, replacing cables, which would twist and eventually break, in rotating devices. Moreover, slip rings can be specified to meet a variety of customer requirements, ranging from electrical power, communication protocols and operating temperatures to mechanical vibration and shock requirements
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and Chinese Manufacturers will contribute the maximum growth to Global Slip Ring market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Moog Inc. (United States), Schleifring GmbH (Germany), Cobham Plc (United Kingdom), Stemmann-Technik (Germany), Mersen (France), United Equipment Accessories, Inc (United States), Michigan Scientific Corporation (United States), Electro-Miniatures Corporation (United States), Conductix-Wampfler (Germany), NSD Corporation (Japan) and Moflon Technology (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are SenRing Electronics (China), Foxtac Electric (China), Alpha Slip Rings, Inc. (United States), JINPAT Electronics (China) and Servotecnica SpA (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Slip Ring market by Type (Mercury Wetted Slip Rings, Pancake Slip Rings and Wireless slip Rings), Application (Aerospace & Defense, Construction Equipment, Wind Turbines, Semiconductors, Plastic Molding and Industrial) and Region.
On the basis of Type, Mercury-Wetted Slip Rings are dominating the market in the year 2023 where as Pancake slip rings stood as second largest market share.
On the basis of application, Aerospace & Defense segment is dominating the market in the year 2023 where as Wind Turbines segment stood as second largest market .On the basis of geography, the market of Slip Ring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Construction, the sub-segment i.e. Hollow-shaft will boost the Slip Ring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metal will boost the Slip Ring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising need of more reliable design for turbines, marine & aircraft
Market Growth Drivers:
Increasing demand especially in aerospace & Defense applications
Challenges:
Problems related to speed regulation with external resistances in the rotor circuit
Restraints:
Entry barrier as Initial Investment cost is very high
Opportunities:
Rising demand from emerging economies
Market Leaders and their expansionary development strategies
On 30 May, 2018, Mersen, a global expert in electrical power and advanced materials, hereby announces the signing of a purchase agreement for the acquisition of FTCap - one of the few manufacturers who still develop all of their products in Germany specializing and focusing on quality.
In February 2023, Servotecnica introduced the SVTS B series slip ring assemblies, which provide machine builders with a constantly spinning electrical junction with a working life of up to 100 million revolutions at high speeds.
Key Target Audience
Manufacturers of slip rings, Suppliers of slip rings part, Wholesalers, distributers and retailers of slip rings, Electronic industry, Governmental bodies and Research firm
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.