The galvanic isolation market was forecast to be worth 1.84 billion US dollars in 2022, with the figure expected to rise to more than 2.70 billion US dollars by the end of 2030. Throughout the projected period, the market is expected to rise at a compound annual growth rate of 4.88%.
Galvanic Isolation Market: Overview
Galvanic isolation is a technique used in electrical circuits to successfully eliminate stray currents. It later evolved into a complex device for improving worker safety by preventing unwanted currents from passing closer to the human body. This gave the workplace a more secure environment. Transformers, capacitors, and optical isolators made the decision to ensure that alternating current is transferred to the circuit but does not travel through the human body. To attain this purpose, one can take precautions to prevent an electric current from passing through their body.
Isolating the power supply is an important step in the development of innovative machinery designs. This procedure contributes to the safety of not only the persons using the machinery but also of other electrical devices. Isolation components are found in a wide range of devices, including inverters, monitoring systems, intrinsic safety isolators, healthcare equipment, and others. A galvanic isolator is often used to bridge the gap that occurs between an isolated low-voltage circuit and the power that originates from the control unit. Regardless, both the control device and the vehicle stand to benefit from this situation. Furthermore, it minimizes the amount of noise generated by the circuit’s common points.
Galvanic Isolation Market: Growth Drivers
The increasing electrification of the world’s economy is quite likely to play a favorable influence in global market expansion.
The rising use of digitalization around the world is expected to be the primary driver of the global market for galvanic isolation. When national governments throughout the world work together to achieve the common goal of significantly altering the automotive sector, one of the primary priorities on their agendas is the electrification of automobiles. The global market for electric vehicles is expected to rise in size throughout the forecast period as a result of several automotive manufacturers constantly producing new models. Another aspect that will play a role in this expansion is the availability of convenient charging stations, which assist cut carbon emissions and contribute to the growth of the global market. The introduction of high-voltage lithium-ion batteries by various manufacturers is a significant development that is projected to further boost the global market for galvanic isolation.
Galvanic Isolation Market: Segmentation
On a global scale, the galvanic isolation market may be divided into the following major categories: data range, channel, isolation type, sales channel, and vertical market.
Above 75 Mbps, 25-75 Mbps, and 25 Mbps are the three primary subcategories that may be derived from the market and classified according on the range of recorded speeds. The segment of the global market that comprises speeds ranging from 25 to 75 Mbps has successfully secured the largest share of the market due to its ability to satisfy end customers’ desire for isolation.
The market is divided into numerous subcategories, some of which include, among others, a two-channel market, a four-channel market, a six-channel market, and an eight-channel market. As a result of the high demand in the industry, the four-channel category presently owns the greatest proportion of the whole market.
Galvanic Isolation Market: Regional Analysis
During the projection period, Asia Pacific will lead the global market.
Because of the region’s widespread usage of modern electronic equipment, Asia Pacific accounts for the highest proportion of the global galvanic isolation market. The expanding government backing and presence of strong industry players are also projected to move the regional market forward. South Korea and China are leading the regional market in the sale and manufacture of galvanic isolation devices.
Galvanic Isolation Market: Competitive Analysis
The key players in the global galvanic isolation market include:
Schneider Electric
Analog Devices Inc. (ADI)
Pepperl+Fuchs GmbH
Professional Mariner LLC.
Infineon Technologies AG
Perle Systems Europe Ltd.
ROHM Semiconductor
STMicroelectronics N.V.
Avago Technologies Limited (AVGO)
Corrpro Companies Inc.
The global galvanic isolation market is segmented as follows:
By Data Range
Above 75 Mbps
25-75 Mbps
25 Mbps
By Channel
Two Channels
Four Channels
Six Channels
Eight Channels
Others
By Isolation Type
Giant Magnetoresistive
Magnetic Coupling
Capacitive Coupling
By Sales Channel
Online Retail
Direct Sales
By Vertical
Transportation
Energy & Utility
Manufacturing
Industrial
Public
Healthcare
Telecom Sectors
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
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