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The slip rings market size is forecast to increase by USD 148.1 million at a CAGR of 3.2% between 2024 and 2028. The market growth relies on several factors, notably the expanding versatility in slip ring designs, spurred by advancements in technology. There's a notable surge in demand, particularly from wind power generation plants, driven by the need for efficient energy transmission solutions. This demand underscores the critical role slip rings play in facilitating seamless power transmission in wind turbines. Moreover, ongoing technological innovations continue to enhance the performance and capabilities of slip rings, further driving their adoption across various industries. As slip rings evolve to meet diverse application needs, they remain integral components in modern machinery and equipment. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
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In the domains of robotics and aerospace, advancements in renewable energy sources and energy efficient solutions drive innovation. Technologies like electromechanical devices and electrical signals are pivotal in both stationary structure and rotating structure applications, facilitated by electrical swivels and electrical rotary joints for transmitting power signals effectively. Addressing challenges in transport and logistics, wireless slip rings offer versatile configurations for seamless electric signals transfer, crucial in environments with space constraints. In industrial automation and offshore cranes, emphasis on miniaturization and managing electric current loads enhances efficiency, benefiting space-based applications and power generation applications alike. These technological advancements play a crucial role in addressing global issues such as climate change, contributing to sustainable solutions across diverse sectors.
New advancement, such as modular design, allow technicians to easily replace a faulty part in industrial and mechanical machinery. This increase in technological advancement in the slip ring is complemented by an increasing amount of R&D activities carried out by market players such as Schleifring GmbH. Other improvements include the use of ring alloy and brush material in the slip ring. Modular products are becoming more popular in various applications such as crane technology, environmental technology, and rotary tables.
In addition, suppliers such as JINPAT Electronics Co., Ltd. developed these variants using this technology. The company-designed LPK/LPKS series pancake are precise, small, and lightweight. These can operate at a higher level. Thus, these technological innovations are expected to drive the adoption of these in many industries thereby driving the growth of the market during the forecast period.
Various upgrades in the design and function of automation equipment technology have raised the demand for smaller size, high-performance devices. There is a growing emphasis on incorporating micro and micro slip rings into a variety of applications. Miniature slip ring assemblies economically solve the critical weight and space limitations in any electromechanical system. Each miniature slip ring consists of a rotor, brush block, frame, ball bearing, and dust cover.
Moreover, many players, such as Moog Inc. and MOFLON TECHNOLOGY, offer miniature and micro slip rings in the market. The MMC088 series of micro electric offered by MOFLON TECHNOLOGY has an outer diameter of 5.9 mm. Each slip ring is packed with four X (1 Amp) signal rings and uses gold-gold contacts for increased stability and longer motor life. These are mainly used in the civil and construction industry. Hence, the growing emphasis on these will boost the market growth and trends during the forecast period.
The global market is highly fragmented with the presence of many regional and international players operating in it. This increases competition among suppliers leading to the threat of strong competition among suppliers. However, the flexible nature of these has forced suppliers to offer differentiated products for different industries.
Moreover, the market players compete in terms of the price and type. This raised competition in the market is expected to make it mature in the future. This situation is more dominant in North America, Europe, and some countries in APAC. Thus, these factors are expected to impede the growth of the global market during the forecast period.
The commercial segment will account for a major share of the market's growth during the forecast period.? The growth of the commercial application segment is mainly driven by the increasing availability of technologically advanced in the market. This segment includes the use of these in motors, generators, and medical equipment. This growth is further fueled by the growing demand for modular variants in the segment.
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The commercial segment was valued at USD 281.20 million in 2018.? In the commercial sector, these are used to start asynchronous electric motors in alternating current (AC) induction motors and generators. The slip ring plays an important role in the operation of the induction motor, which is widely used in escalators, packaging machines, and others. The growth of end-user segments in the commercial sector such as hospitals, shopping malls, and others is increasing the demand for escalators, consumer electronics such as air conditioners, packaging machines, and others will drive the demand in the commercial segment during the forecast period.
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APAC is estimated to contribute 39% to the growth during the forecast year. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.The growing demand from Western and Central Europe is one of the factors that are expected to drive market growth. In Europe, Germany, Switzerland, Italy, France, and the UK are the main contributors to the market growth. Growing demand for in the energy, healthcare, and industrial sectors is expected to drive market growth in the region.
Moreover, the market in Europe has a highly fragmented structure with the presence of several local as well as international vendors. Besides, several companies, such as Berndorf AG (Berndorf, Austria), Cavotec SA (Cavotec, Switzerland), Kubler Group (Germany), Schleifring GmbH (Schleifring, Germany), SPINNER GmbH (SPINNER, Germany), and Moog have a main presence in Europe. These players offer advanced high-quality for a wide range of applications. Thus, the rising availability of these across Europe is boosting the growth of the market in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Cavotec SA: The company offers slip rings and products that allow the transmission of power and electrical signals from stationary platform to rotating component.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Delachaux Group SA, Dublin Co. LLC, Dynamic Sealing Technologies Inc., Fabricast Inc., IEC Corp., Kuebler Group, Mersen Corporate Services SAS, Michigan Scientific Corp., MOFLON TECHNOLOGY CO. LTD., Moog Inc., ROTAC Co Ltd, Rotary Systems Inc., RUAG International Holding Ltd., SciTrue M, and E Technology Co. Ltd., SENRING Electronics Co. Ltd., SPINNER GmbH, United Equipment Accessories Inc., Wabtec Corp., and Wegmann Unternehmens Holding GmbH and Co. KG.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
1. Automotive Alternator Slip Ring Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Germany, France - Size and Forecast
2. Rings Market Analysis APAC, North America, Europe, Middle East and Africa, South America - China, US, India, UK, France - Size and Forecast
3. Smart Rings Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Canada, China, Germany, Italy - Size and Forecast
Rotating electrical connectors such as through hole slip rings and pancake slip rings play crucial roles in various industries, including the wind power sector, robotics sector, and heavy equipment like mining machines and construction equipment. Made from materials like copper, gold, and silver, these connectors utilize advanced technologies such as modular slip rings and configurable slip rings to meet specific operational needs. Integration of fiber optics and optical fibers enhances communication capabilities, while magnetic induction slip rings and contactless slip rings cater to applications requiring minimal friction and maintenance. From space-based applications to space exploration and commercial industrial sectors, these high-quality, reliable, and durable slip rings support critical functions in clean energy generation, aviation, and beyond, ensuring seamless operation of control consoles and gearboxes across diverse environments.
Industry Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.2% |
Market growth 2024-2028 |
USD 148.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.07 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Cavotec SA, Delachaux Group SA, Deublin Co. LLC, Dynamic Sealing Technologies Inc., Fabricast Inc., IEC Corp., Kuebler Group, Mersen Corporate Services SAS, Michigan Scientific Corp., MOFLON TECHNOLOGY CO. LTD., Moog Inc., ROTAC Co Ltd, Rotary Systems Inc., RUAG International Holding Ltd., SciTrue M and E Technology Co. Ltd., SENRING Electronics Co. Ltd., SPINNER GmbH, United Equipment Accessories Inc., WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP., and Wegmann Unternehmens Holding GmbH and Co. KG |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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