Electrical Slip Rings Market Trend, Share, Growth, Size Analysis and Forecast 2030

Electrical Slip Rings Market

Electrical Slip Rings Market By Type (Wireless Slip Rings, Through Hole Slip Rings, Capsule Slip Rings, Pancake Slip Rings, Miniature Slip Rings, and Pneumatic Slip Rings), By End-user (Medical, Aviation & Aerospace, Defense, and Heavy Equipment), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Heavy Industry Report Format : PDF Pages: 230 Report Code: ZMR-7483 Published Date: Aug-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 905.64 million USD 1,184.96 million 3.45% 2022

Electrical Slip Rings Industry Prospective:

The global electrical slip rings market size was evaluated at $905.64 million in 2022 and is slated to hit $1,184.96 million by the end of 2030 with a CAGR of nearly 3.45% between 2023 and 2030.

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Electrical Slip Rings Market: Overview

An electrical slip ring is electromechanical equipment that allows power transmission and electric signals from a stationary structure to a rotary structure. In addition to this, it can be used in electromechanical devices requiring rotation for power or signal transmission. Furthermore, electrical slip rings can enhance mechanical performance, ease system functions, and remove damage-prone wires from movable joints. These products are usually found in electric generators, alternators, and wind turbines. Reportedly, an electrical slip ring is electric transmission equipment that helps the energy flow between two electric rotating components, similar to that witnessed in electric motor operations.

Key Insights

  • As per the analysis shared by our research analyst, the global electrical slip rings market is projected to expand annually at the annual growth rate of around 3.45% over the forecast timespan (2023-2030)
  • In terms of revenue, the global electrical slip rings market size was evaluated at nearly $905.64 million in 2022 and is expected to reach $1,184.96 million by 2030.
  • The global electrical slip rings market is anticipated to record massive growth over the forecast period owing to an escalating product demand for aircraft, turbines, marine, CT scanners, radio telescopes, closed-circuit cameras, helicopters, and generators.
  • In terms of type, the thorough hole slip rings segment is slated to register the fastest CAGR over the analysis period.
  • Based on the application, the heavy equipment segment is anticipated to dominate the segment over the projected period.
  • Region-wise, the North American electrical slip rings market is projected to register the highest CAGR during the assessment timeline.

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Electrical Slip Rings Market: Growth Factors

Humungous product penetration in marine, radio telescopes, and aircraft to prompt the global market space over 2023-2030

Growing product demand for aircraft, turbines, marine, CT scanners, radio telescopes, closed-circuit cameras, helicopters, and generators will prompt the expansion of the global electrical slip rings market. Apart from this, electrical slip rings find large-scale applications in wind turbines for renewable energy generation. In addition to this, an increase in space activities has led to the humungous production of satellites, ground vehicles, and missiles, thereby prompting global market demand. Prominent penetrations of product in the heavy equipment sector wills embellish the global market trends. New product launches will further account for the global market size in the upcoming years. For instance, in the third quarter of 2022, the Orbex Group, a key manufacturer of slip rings and high-performing electric motors, launched slip rings with an IP65 protection rating, thereby offering washroom tolerance in pharmaceutical and food & beverage manufacturing activities. In the first quarter of 2023, Servotecnica introduced the SVTS B Series of slip ring assemblies that can provide machine builders with a constantly rotating electric joint with its operational life extended by nearly 100 revolutions.  

Electrical Slip Rings Market: Restraints

Rise in the maintenance charges to impede the expansion of the global industry by 2030

Massive maintenance costs along with poor regulation of speed and low external resistance in rotor circuits can put brakes on the global electrical slip rings industry expansion. Oscillation in the raw material costs and strict laws associated with the use of the product can restrict the growth of the global industry.

Electrical Slip Rings Market: Opportunities

The effectiveness of the product in comparison to conventional ones will help the market reach higher spheres of growth in the upcoming years

Electrical slip rings are not prone to vibration and other extreme temperatures and this has offered new growth opportunities for the global electrical slip rings market. The need for low-maintenance services can further embellish the expansion of the market across the globe.

Electrical Slip Rings Market: Challenges

The rise in the use of electricity can pose a huge challenge for the global industry over forecasting timeline

High power consumption and operating costs can pose a big challenge for the global electrical slip rings industry. Moreover, the restricted bandwidth of ring topology can further create hurdles in the expansion of the global industry.

Electrical Slip Rings Market: Segmentation

The global electrical slip rings market is sectored into type, end-user, and region.

In type terms, the global electrical slip rings market is segregated into wireless slip rings, through-hole slip rings, capsule slip rings, pancake slip rings, miniature slip rings, and pneumatic slip rings segments. Furthermore, the through-hole slip rings segment, which garnered nearly one-fourth of the global market share in 2022, is projected to record the fastest CAGR in the ensuing years. The growth of the segment in the forthcoming years can be due to its large-scale use in a slew of end-use industries involving huge rotating equipment. Apart from this, these products are used where fluids, electrical power, and signals are required to be transmitted with the help of a rotating shaft in the wind power sector. Additionally, through-hole slip rings are also used in robotics as they help in transmitting electric power with the help of a rotating joint center.

Based on end-user, the global electrical slip rings industry is bifurcated into medical, aviation & aerospace, defense, and heavy equipment segments. Moreover, the heavy equipment segment, which accounted lucratively towards the global industry revenue in 2022, is set to retain its dominant position in the global industry in the years ahead. The segmental expansion over the projected timeframe can be subject to humungous demand for electrical slip rings in the heavy equipment segment.  

Electrical Slip Rings Market: Report Scope

Report Attributes Report Details
Report Name Electrical Slip Rings Market
Market Size in 2022 USD 905.64 Million
Market Forecast in 2030 USD 1184.96 Million
Growth Rate CAGR of 3.45%
Number of Pages 230
Key Companies Covered Moog Inc., RUAG, Cavotec SA, Michigan Scientific, Morgan, Pandect Precision, Mercotac Inc., Electro-Miniatures Corp., SenRing Electronics, Conductix-Wampfler, Alpha Slip Rings, GAT, Globetech Inc., Pan-link Technology, JINPAT Electronics, Hangzhou Prosper, JARCH, Moflon, Rotac, Foxtac Electric, Stemmann, Molex, Cobham, Mersen, Schleifring, and others.
Segments Covered By Type, By End-user, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Electrical Slip Rings Market: Regional Insights

Asia-Pacific is likely to retain its global market dominance over the estimated timeline

Asia-Pacific, which accounted for half of the global electrical slip rings market revenue in 2022, will be the leading region over 2023-2030. Moreover, the rise in the use of industrial robots and heavy equipment in countries such as India, China, and Japan will embellish the regional market trends. An increase in the allocation of funds in the renewable energy sector will bolster the expansion of the market across the region. The focus of market players in expanding the product portfolio and regional expansion will contribute substantially to the market growth in the region.

The North American electrical slip rings industry is set to register the highest CAGR in the next couple of years due to the presence of strong defense & aerospace sectors in countries such as the U.S.A prominent surge in the product supply to a slew of end-use sectors such as healthcare, industrial manufacturing, and healthcare sectors will steer the regional industry surge. Apart from this, a rise in the raising of funds for space exploration activities in the U.S. will prompt the expansion of the industry in the sub-continent.

Electrical Slip Rings Market: Competitive Space

The global electrical slip rings market profiles key players such as:

  • Moog Inc.
  • RUAG
  • Cavotec SA
  • Michigan Scientific
  • Morgan
  • Pandect Precision
  • Mercotac Inc.
  • Electro-Miniatures Corp.
  • SenRing Electronics
  • Conductix-Wampfler
  • Alpha Slip Rings
  • GAT
  • Globetech Inc.
  • Pan-link Technology
  • JINPAT Electronics
  • Hangzhou Prosper
  • JARCH
  • Moflon
  • Rotac
  • Foxtac Electric
  • Stemmann
  • Molex
  • Cobham
  • Mersen
  • Schleifring

The global electrical slip rings market is segmented as follows:

By Type

  • Wireless Slip Rings
  • Through Hole Slip Rings
  • Capsule Slip Rings
  • Pancake Slip Rings
  • Miniature Slip Rings
  • Pneumatic Slip Rings

By End-user

  • Medical
  • Aviation & Aerospace
  • Defense
  • Heavy Equipment

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

An electrical slip ring is electromechanical equipment that allows power transmission and electric signals from a stationary structure to a rotary structure.     

The global electrical slip rings market growth is owing to electrical slip rings finding large-scale applications in wind turbines for renewable energy generation.

According to a study, the global electrical slip rings industry size was $905.64 million in 2022 and is projected to reach $1,184.96 million by the end of 2030.

The global electrical slip rings market is anticipated to record a CAGR of nearly 5.90% from 2023 to 2030.

The North American electrical slip rings industry is set to register the highest CAGR over the forecasting timeline owing to the presence of strong defense & aerospace sectors in countries such as the U.S. A prominent surge in the product supply to a slew of end-use sectors such as healthcare, industrial manufacturing, and healthcare sectors will steer the regional industry surge. Apart from this, a rise in the raising of funds for space exploration activities in the U.S. will prompt the expansion of the industry in the sub-continent.  

The global electrical slip rings market is led by players such as Moog Inc., RUAG, Cavotec SA, Michigan Scientific, Morgan, Pandect Precision, Mercotac Inc., Electro-Miniatures Corp., SenRing Electronics, Conductix-Wampfler, Alpha Slip Rings, GAT, Globetech Inc., Pan-link Technology, JINPAT Electronics, Hangzhou Prosper, JARCH, Moflon, Rotac, Foxtac Electric, Stemmann, Molex, Cobham, Mersen, and Schleifring.   

The electrical slip rings market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.

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