Global Slip Rings Market 2019-2023 | Advent of Wireless Slip Rings to Boost Demand | Technavio

LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Research?src=hash” target=”_blank”gt;#Researchlt;/agt;–The global slip rings market is expected to post a CAGR of over 3%
during the period 2019-2023, according to the latest market research
report by Technavio.


Globally, there is a rising emphasis on the use of clean energy
generation from wind turbines. This is fueling the demand for slip rings
in wind turbines as they increase the efficiency of the machines and
enhance their life span. Slip rings facilitate transmission of power and
data signals from the nacelle to the control system, positively
impacting the performance of the turbine. These factors will drive the
demand for high-end and technologically advanced slip rings during the
forecast period.

As per Technavio, the advent of wireless slip rings will have a positive
impact on the market and contribute to its growth significantly over the
forecast period. This global
slip rings market 2019-2023
research
report also analyzes other important trends and market drivers that will
affect market growth over 2019-2023.

Global slip rings market: Advent of wireless
slip rings

The various technological advances in the market have given rise to
wireless slip rings, which are gaining popularity due to their
advantages over electromechanical slip rings. Wireless slip rings
deliver higher efficiency in the transmission of power and can supply
power to rotating and highly mobile industrial equipment. Wireless slip
rings are the perfect alternative to the mechanical ones and are not
very expensive when compared with other slip rings. Some other
advantages of wireless slip rings include 360° continuous rotation,
unlimited revolutions per minute (RPM), increased uptime and
reliability, the reduced total cost of ownership, and plug and play
retrofit system.

“The market is witnessing an increasing number of versatile designs
of slip rings, resulting in the availability of various modified
versions in the market. These products are used in multiple
applications, based on the types and requirements from end-user
industries. For instance, mercury-wetted slip rings are majorly used in
electric motors and generators while pancake slip rings are used in the
medical, aerospace, defense, and other industries such as the textile
sector
,” says a senior research analyst at Technavio.

Global slip rings market: Segmentation analysis

This market research report segments the global slip rings market by
application (commercial-industrial; aerospace, defense, and marine; and
others) and geographic regions (APAC, Europe, MEA, North America, and
South America).

The commercial-industrial segment held the largest slip rings market
share in 2018. The growth of the commercial-industrial application
segment can be attributed to the rising availability of technologically
advanced slip rings in the market.

Europe led the market in 2018, followed by North America, APAC, South
America, and MEA respectively. The market in Europe is driven by the
increased demand for slip rings from the energy, medical, and industrial
sectors in Western Europe and Central Europe.

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Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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