Slip Ring Market to Reach US$ 1.1 Bn by 2030, Rising Government Initiatives to Promote Use of Green Technology Fuel Sales Opportunities, Notes TMR

2022-05-09 06:18:34 By : Mr. Steven Liu

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- The global slip ring market is anticipated to rise at a CAGR of 3% during the forecast period of 2020-2030. Increased adoption of green technologies is likely to drive market sales in the upcoming years

- North America is projected to show rapid expansion due to the presence of many players and high demand for slip rings in the region

ALBANY, N.Y. , Oct. 14, 2021 /PRNewswire/ --

Major companies engaged in the global slip ring market are increasing their R&D activities, which are focused on the discovery of new technologies and materials that advance the quality and performance of slip rings.

Slip rings are gaining impetus as they hold the ability to improve application performance, thus eliminating the possibility of damage to wiring between movable parts, and simplify the operations. Pancake slip rings, wireless slip rings, miniature slip rings, pneumatic slip rings, molded slip rings, and capsule slip rings are some of the key products available in the global market.

The analysts at Transparency Market Research (TMR) note that the global slip ring market is expected to expand at a CAGR of 3% during the forecast period of 2020–2030.

The players in the global market are experiencing high demand for customized slip rings for different applications.

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Slip Ring Market: Key Findings

The world is experiencing increased need for using green, sustainable, and clean energy sources due to growing environmental concerns. As a result, manpower generation companies are witnessing demand for wind turbines wherein slip rings are one of the key components.

In the crane technology, slip rings are utilized for different purposes, including power and data transmission. Some of the key properties promoting the use of slip rings in the crane technology include superior flexibility for varied applications. Presently, the market players are experiencing high demand for Rotar X slip rings, owing to their growing use in cranes to ensure minimum downtime and improve durability.

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Slip Ring Market: Growth Boosters

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Slip Ring Market: Competition Landscape

Companies engaged in the global slip ring market are increasingly adopting in acquisition activities. Furthermore, several players are incorporating advanced technologies in their production activities. These strategies are helping them to stay ahead in the competition.

Slip Ring Market: Key Players

The report performs profiling of key players operating in the slip ring market. Thus, the research document delivers all important information including the company overview, product portfolio, financial overview, recent developments, and business strategies of each player operating in the market.

Some of the key players in the slip ring market are:

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Global Slip Ring Market: Segmentation

Slip Ring Market, by Product Type

Slip Ring Market, by End User

Slip Ring Market, by Region

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Mr Rohit Bhisey Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States USA  - Canada Toll Free: 866-552-3453 Email: [email protected]    Website:  Press Release Source:

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