Through Bore Slip Rings Market Size, Share, Growth, and Industry Analysis, By Type (Mini (Hole Size 0~10mm), Small (Hole Size 10~20mm), Medium (Hole Size 20~100mm), Large (Hole Size 100~300mm) and Others), By Application (Industrial Automation, Robot, Exhibition Equipment, Medical Equipment and Others) and Regional Insights and Forecast to 2033

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THROUGH BORE SLIP RINGS MARKET OVERVIEW

The global through bore slip rings market, valued at USD 0.36 billion in 2024, is projected to reach USD 0.38 billion in 2025 and further escalate to USD 0.59 billion by 2033, driven by a strong CAGR of 5.6%.

Bore slip rings or hollow shaft slip rings are rotary electric switching devices that assist in the transfer of signals, power and/or data from a structure which is stationary to another structure in motion.  Bore slip rings are not ordinary slip rings since they also have a normally bored structure besides the slip ring one.

COVID-19 IMPACT

Market Growth restrained by the Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The outbreak of COVID-19 pandemic led to the emergence of massive challenges in the supply chains all over the globe making some essential raw materials that are used in the construction of bore slip rings scarce. Due to the current COVID 19 pandemic and other measures such as compulsory lock down, factory closing, restraint on transportation some of the parts were not obtained on time hence slowing the production rates and make them cheaper.

LATEST TRENDS

Miniaturization and Compact Designs to Propel Market Growth

Asymmetry bore slip rings are also likely to emerge as a miniaturized product, since such a trend can be observed in various industries at present. Further, industries such as robotics, medical devices, aerospace and electronics have seen their growth path and there is an enhancing need for smaller size components that can deliver improved performance.

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THROUGH BORE SLIP RINGS MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Mini (Hole Size 0~10mm), Small (Hole Size 10~20mm), Medium (Hole Size 20~100mm), Large (Hole Size 100~300mm) and Others.

• Mini (Hole Size 0~10mm)- Mini bore slip ring’s diameter can be upto 10mm. Also they don’t have either a central bore or a small one. These slip rings are useful where the size of the application is very confined; and accurate, reliable performance is needed.

• Small (Hole Size 10~20mm)- Small bore slip rings come with a slightly larger shaft hole; the diameter size is between 10mm to 20mm. These slip rings provide moderate dimensions while essentially providing high power and signal transport facilities.

• Medium (Hole Size 20~100mm)-Medium bore slip rings have a central bore diameter of between 20mm and 100mm. The above slip rings are highly flexible and can also handle more power and intricate signals in decidedly more confined spaces.

• Large (Hole Size 100~300mm)- The slip rings with the large boer are commonly known as large borne slip rings which will have their central boer measuring from 100mm to 300mm at most. These slip rings are used where a good deal of power plus data has to be transmitted through the connecting joint.

By Application

Based on application the market can be categorized into Industrial Automation, Robot, Exhibition Equipment, Medical Equipment and Others.

• Industrial Automation- Bore slip rings are widely used in industrial automation since they provide a means of powering and rotation of the machinery at the same time.

• Robot- Bore slip rings are, for example, used in robots, particularly in the robots’ limbs and rotational joints where it is possible to connect signals and power between stationary and rotating parts.

• Exhibition Equipment- Bore slip rings are used mostly in display equipment, including rotary displays, rotary stages, and illuminating systems.

• Medical Equipment- Bore slip rings find their application in rotating structures in devices such as computed tomography (CT) scanners; where electricity and information are transmitted using the slip rings to the rotating gantry that holds the X-ray source and the detectors.

DRIVING FACTORS

Growing Demand for Industrial Automation to Drive Market Advancement

One of the key driving factors in the Through Bore Slip Rings market growth is the Growing Demand for Industrial Automation. One of the key drivers of this industry is the increasing need for industrial automation since these slip rings for bores are essential for smooth operation of most automated systems. With growing application of automation across industries to increase accuracy and improve profits bore slip rings ensure ongoing power supply and signal passes between the fixed and the rotating equipment.

Rising Adoption of Renewable Energy to Expand the Market

The increasing use of renewable energy is one of the key influentials for the global bore slip rings market growth, mainly because of their importance in renewable energy applications. By and large, wind energy has emerged as the most popular form of green energy as evident from the wind mills used in generating wind power. Bore slip rings are used mainly in wind turbines, where they provide the means for power and control signals interchange between the rotating blade and the stationary nacelle.

RESTRAINING FACTOR

Higher Cost Poses Potential Impediments to Market Growth

Higher costs are also considered to restrain the bore slip rings market by having broad pressure on both, manufacturers and consumers. Bore slip rings require special workmanship, an appropriate choice of materials and that makes the manufacturing costs to be on the higher side. Tolerances and materials used in housing and manufacturing high reliability and performance devices increase these costs.

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THROUGH BORE SLIP RINGS MARKET REGIONAL INSIGHTS

Asia Pacific to Dominate the Market due to Rising demand in key applications

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Asia Pacific has emerged as the most dominant region in the Through Bore Slip Rings market share due to a convergence of factors that propel its leadership in this dynamic industry. As aerospace & defense industry develops in Asia Pacific, bore slip ring finds applications in radar systems, satellites & other high accuracy equipment. Technological developments in the region included investments in smart manufacturing and robotics and automation increase the usage of bore slip rings in the application areas.

KEY INDUSTRY PLAYERS

Key Players Transforming the Through Bore Slip Rings Landscape through Innovation and Global Strategy

Major industry players are pivotal in shaping the Through Bore Slip Rings market, driving change through a dual strategy of continuous innovation and a well-thought-out global presence. By consistently introducing inventive solutions and staying at the forefront of technological progress, these key players redefine the industry's standards. Simultaneously, their expansive global reach enables effective market penetration, addressing diverse needs across borders. The seamless blend of groundbreaking innovation and a strategic international footprint positions these players as not only market leaders but also as architects of transformative shifts within the dynamic domain of Through Bore Slip Rings.

List of Top Through Bore Slip Rings Companies

• CENO Electronics Technology(China)
• DEUBLIN(U.S.)
• SENRING Electronics(China)
• LTN Servotechnik(Germany)
• Dynamic Sealing Technologies(U.S.)

INDUSTRIAL DEVELOPMENT

Aug 2023: It was recently revealed that Mersen has signed this years’ contract for acquiring GMI group the supplier for purification as well as machining of graphite, carbon as well as graphite composites.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.