The observed growth can be attributed to rising demand from various industries such as telecommunications, healthcare, and manufacturing. In addition to this, certain galvanic isolation devices such as special isolation transformers are usually costlier, which also limits the growth of the market. During the forecast period of 2022 to 2032, demand for galvanic isolation is expected to grow at a moderate CAGR of around 5.2 percent.
In addition, galvanic isolation can be used in medical imaging devices, UPS, and invertors etc. Galvanic isolation is a designing technique that isolates functional sections of electrical systems to eliminate stray current. Optical isolators and transformer are generally used for galvanic isolation, which ensure AC signals to pass through the circuit but not stray current. Various galvanic isolation components such as relays and capacitors are used in intrinsic safety isolators, and healthcare equipment and monitoring system.
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The galvanic isolation market is growing rapidly and is being driven by various factors such as the increasing demand for electric and hybrid electric vehicles, the need for improved safety in industrial applications, and the rising adoption of renewable energy sources. Here are some key takeaways from the galvanic isolation market:
- The global galvanic isolation market is expected to grow significantly in the coming years, driven by the increasing adoption of electric and hybrid electric vehicles, which require galvanic isolation to ensure the safety of the electrical systems.
- Galvanic isolation is also widely used in industrial applications to improve safety and protect equipment from electrical faults. This is particularly important in hazardous environments, where electrical faults can cause serious accidents.
- The rising adoption of renewable energy sources such as solar and wind power is also driving the growth of the galvanic isolation market, as these sources require galvanic isolation to ensure the safety and reliability of the electrical systems.
- The Asia Pacific region is the largest market for galvanic isolation, driven by the presence of major manufacturers in the region and increasing government initiatives promoting the adoption of electric vehicles and renewable energy sources.
- Key players in the galvanic isolation market include Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Texas Instruments Inc., and NXP Semiconductors N.V.
- The market for galvanic isolation is also being driven by technological advancements, such as the development of integrated galvanic isolation solutions, which offer improved efficiency, reliability, and space-saving benefits.
Global Galvanic Isolation Market: Segmentation
Galvanic isolation market is segmented into vertical and region. On the basis of vertical the global galvanic isolation market is segmented into telecom sector, healthcare sector, public sector, industrial sector, manufacturing sector, energy and utility sector, and transportation sector. FMI forecasts, telecom sector is expected to create a huge market opportunity for key players operating in the galvanic isolation market. Region wise the global galvanic isolation market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East and Africa (MEA).
Similarly, galvanic isolation devices are being increasingly adopted in healthcare settings to prevent system failure as well as to protect patients and healthcare personnel from electrical shocks.
Global Galvanic Isolation Market: Region Wise Outlook
The global galvanic isolation market is expected to witness a considerable growth in CAGR during the forecast period from 2015 to 2025. North America held the lead in terms of relative market share consumption value of galvanic isolation market in 2014. As per FMI projection, the galvanic isolation market in APEJ region is expected to grow at a fastest CAGR during the forecast period.
Global Galvanic Isolation Market: Drivers
Galvanic isolation device is easy to install, provides signal conversion options and is cheaper than other isolators. In addition, long-term performance of galvanic isolation device and application specific design are some of the major factors identified in the market that are driving the growth of galvanic isolation market across the globe.
Global Galvanic Isolation Market: Restraint
Failure of galvanic isolation devices without any notification, alert or symptoms can act as a restraint which is expected to hinder the growth of the galvanic isolation market.
Global Galvanic Isolation Market: Competitive Landscape
Major players in the global galvanic isolation market focus on investing on research and development activities in order to come up with advanced products. For example, Avago Technologies limited launched dual-channel R2Coupler optocoupler devices, the ACFL-621xT and ACFL-521xT in 2015. These optocoupler have especially been designed for automotive applications. Additionally, in the same year, Avago Technologies limited launched a wide range of latest industrial fiber optical products in Europe.
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Global Galvanic Isolation Market: Key Players
Some of the major players operating in the global galvanic isolation market are Corrpro Companies Inc., Avago Technologies limited (AVGO), STMicroelectronics N.V., ROHM Semiconductor, Perle Systems Europe Ltd., Infineon Technologies AG, Professional Mariner LLC., Pepper+Fuchs GmbH and Analog Devices Inc. (ADI) etc.
Key Segments Profiled in the Galvanic Isolation Industry Survey
Vertical:
- Telecom sector
- Healthcare sector
- Public sector
- Industrial sector
- Manufacturing sector
- Energy and utility sector
- Transportation sector
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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