Understanding COVID-19's Impact on the Slip Rings Market, Infers Fact.MR

Dubai, UAE -- (SBWIRE) -- 11/24/2020 -- The slip rings market is estimated to reach a US$ 1billion valuation in the period between the years 2020 and 2030. The ongoing coronavirus outbreak has resulted in a short-term slump in demand for slip rings. Lockdown restrictions on manufacturing industries associated with aerospace, power generation, and defense applications are expected to hinder growth through 2020. Recovery is likely to be strong towards 2021 as manufacturing activities move back to normal.