Slip Rings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 - 2027

Slip Rings Market - Introduction

Slip rings are also known as rotary electrical joint, electric collector or swivel. Slip rings are used to transmit power and electrical signals from a stationary to rotating structure in an electromechanical device. Slip rings are increasingly being utilized to improve mechanical performance, streamline system operations, and eliminate damage prone wires from movable joints. These rings can be customized as per requirement. Thus, these rings are extensively employed in various sectors such as marine, wind turbines, industrial, aerospace, and defense. As slip rings work for the Ethernet transmission, contactless transmission, and high current transmission with low maintenance, its quality determines the efficiency or performance of the system. Extensive utilization of slip rings in diverse industries such as steel, wind, marine, aerospace, elevator, solar, mobile, , and packaging offers significant opportunity to the slip rings market.

Slip Rings Market – Competitive Landscape

Moog Inc.

Founded in 1951, Moog Inc. is currently based in Elma, New York, U.S. The company specializes in the design and manufacture of systems integrator for precision motion and fluid control systems for various applications in aerospace and defense and industrial sectors. Moog Inc. operates through the following business segments: space and defense controls; aircraft controls; and industrial systems. The company offers wide range of aircraft controls, space and defense controls, and industrial systems and components. The company operates through manufacturing facilities located in the U.S., Canada, the U.K., the Philippines, Italy, Germany, China, India, Brazil, Lithuania, Costa Rica, Luxembourg, the Netherlands, Ireland, and Japan. It has business operations across Europe and Asia Pacific.

Schleifring GmbH

Incorporated in 1974, Schleifring GmbH is based in Fürstenfeldbruck, Bayern, Germany. The company engages in the development, production, and sale of slip ring systems, wave-guide rotary joints, optical rotary joints, and contactless signal and power transmission. It offers modular slip ring systems, hybrid slip rings, coaxial slip rings, free inner bore, and open systems.

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Cobham Plc

Established in 1934, Cobham Plc is based in Wimborne Minster, U.K. The company offers solutions to problems across commercial, defense, and security sectors. It operates through the following segments: communications and connectivity, mission systems, aviation services, advanced electronic solutions, and head office and other activities. The company’s services include aviation services; law enforcement and national security solutions; and motion control solutions. Cobham has operations across Europe and the Americas.

STEMMANN-TECHNIK

Founded in 1912, STEMMANN-TECHNIK is based in Schüttorf, Lower Saxony, Germany. The company specializes in the manufacture of systems and components for energy and data transfer in industrial and transport technology. STEMMANN-TECHNIK GmbH operates as a subsidiary of Westinghouse Air Brake Technologies Corporation.

MERSEN

Incorporated in 1937, MERSEN is presently based in Paris, France. It provides materials and solutions for extreme environments as well as in the safety and reliability of electrical equipment. The company designs innovative solutions to cater to its client's specific needs in order to enable them to optimize their manufacturing processes in diverse sectors such as energy, transportation, pharmaceutical, electronics, chemical and process industries. The company operates through two business segments: advanced materials and technologies and electrical components and technologies.

Other significant players operating in the slip rings market are United Equipment Accessories, Inc, Conductix-Wampfler, Rotac Co. Ltd., Michigan Scientific Corporation, NSD Corporation, Electro-Miniatures Corporation, and Alpha Slip Rings, Inc. 

Slip Rings Market - Dynamics

Innovation of wireless slip rings

Expansion of the slip rings market can be attributed to the innovation of wireless slip rings, which are increasingly being adopted by users due to several technological advantages they offer over electromechanical slip rings. Major advantages of these wireless slip rings include unlimited revolutions per minute (RPM), 360° continuous rotation, increased uptime and reliability, plug-and-play retrofit system, and reduced total cost of ownership. These newly designed wireless slip rings deliver higher efficacy in the transmission of electrical and power signals and can supply power signals to rotating and highly mobile industrial equipment. These rings are less expensive as compared to other slip rings and are a perfect alternative to their mechanical counterparts. Hence, development of wireless slip rings is expected to boost the slip rings market in the near future.

High maintenance cost associated with slip rings

Maintenance cost of slip rings is marginally high, as compared to that of other conventional motors. Moreover, high replacement cost associated with damaged slip rings hampers their adoption among end-users, thereby restraining the slip rings market.

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Slip Rings Market – Segmentation

The global slip rings market can be segmented based on:

• Type
• Application
• Region

Slip Rings Market Segmentation – By Type

Based on the type, the slip rings market can be classified into:

• Mercury-wetted Slip Rings
• Pancake Slip Rings
• Wireless Slip Rings

Slip Rings Market Segmentation – By Application

In terms of application, the slip rings market can be divided into:

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

The report on slip rings market is a compilation of firsthand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The slip rings market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The slip rings market report also maps the qualitative impact of various market factors on slip rings market segments and geographies.

Regional analysis for the global slip rings market includes:

• North America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)
• South America