Slip rings Market: Extensively Used By The Majority Of Industries Forecast 2020-2030
Slip Ring Market: Introduction The global slip ring marke t is anticipated to reach US$ 1.1 Bn by 2030. The slip ring market is projected to expand at a CAGR of 3% from 2020 to 2030 based on revenue. North America was a significant contributor to the slip ring market in terms of revenue in 2019. The prominent market share of the region is due to the high adoption of slip rings. In Asia Pacific, China is a prominent revenue contributor to the slip ring market. The slip ring market in Asia Pacific is expected to expand at a high CAGR during the forecast period. Increasing Demand for Green Technologies Driving Slip Ring Market The upsurge in the adoption of green technologies is gaining popularity across the world. Increase in the installation of wind turbines for clean energy generation is expected to fuel the demand for slip rings in wind turbines to increase the efficiency of machines and enhance their life span. Rise in sales of wind energy converters...