NEW YORK, Sept. 25, 2023 /PRNewswire/ -- The slip rings market size is expected to grow by USD 127.7 million between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 2.86% during the forecast period. The market is segmented by Application (Commercial, Industrial, Aerospace and defense, Marine, and Others), Type (Upto 1500 rpm, Below 500 rpm, and Above 1500 rpm), and Geography (Europe, North America, APAC, South America, and Middle East and Africa). Technological innovations in slip rings drive the growth of the slip rings market. Modular design is an innovative new advancement in slip rings, which will allow technicians to easily replace a faulty part in industrial and mechanical machinery. An increasing amount of R&D activities are carried out by market players such as Schleifring GmbH. For instance, suppliers such as JINPAT Electronics Co., Ltd. developed micro slip rings using micro slip ring technology. Furthermore, the company-designed LPK/LPKS series pancake slip rings are precise, small, and lightweight, which can operate at a higher level. Hence, such factors drive the growth of the slip rings market during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample
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The commercial segment is significant during the forecast period. The segment is mainly driven by the increasing availability of technologically advanced slip rings in the market. The commercial segment includes the use of slip rings in motors, generators, and medical equipment. Furthermore, the slip ring plays an important role in the operation of the induction motor, which is widely used in escalators, packaging machines, and others. Hence, such factors drive the growth of the commercial segment of the slip rings market during the forecast period. Get a glance at the market contribution of the segments, Request Free Sample Report
The smart rings market size is estimated to grow at a CAGR of 21.39% between 2022 and 2027. The market size is forecast to increase by USD 34,402.61 thousand. the market is segmented by technology, application, and geography. The growing digitization of the global economy is driving market growth.
The anti-slip coatings market size is expected to increase by USD 22.31 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.4%. Furthermore, this report extensively covers anti-slip coatings market segmentation by type (water-based and solvent-based) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The growing demand for anti-slip coatings in APAC is notably driving the anti-slip coatings market growth.
Slip Rings Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 2.86%
Market growth 2023-2027
USD 127.7 million
YoY growth 2022-2023 (%)
Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution
APAC at 36%
US, China, Japan, Germany, and UK
Leading Vendors, Market Positioning of Vendors, 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., Wabtec Corp., and Wegmann Unternehmens Holding GmbH and Co. KG
Parent market analysis, Market 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 the forecast period.
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Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
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