Demand in the galvanic isolation market is projected to grow at a moderate CAGR of around 5.2% during the forecast period from 2022 to 2032. Growth registered can be attributable to the rising demand from various verticals such as telecom, healthcare and industrial sectors.
Report Attribute | Details |
---|---|
Projected Growth Rate (2022 to 2032) | 5.2% CAGR |
Galvanic isolation is a design technique that isolates electrical circuits to eliminate stray currents. It has become a highly sought-after technique used for improving safety by preventing accidental current from reaching ground through a person’s body. Optical isolators, capacitors and transformers are primarily used for galvanic isolation to that ensure AC signals pass through the circuit but not stray current.
Separating power supplies has become a crucial factor in modern equipment designs for improving safety of both electronic devices and operators. Adoption of galvanic isolation blocks stray currents while ensuring the flow of signals at the same time.
Myriad galvanic isolation components such as capacitors and relays are used in healthcare equipment, intrinsic safety isolators, UPS, monitoring systems, and invertors among others. Adoption of galvanic isolation components in a multitude of electronic systems is providing impetus to the growth of galvanic isolation market.
Explore FMI!
Book a free demo
Increasing demand for energy efficiency, growing safety concerns and rising adoption of galvanic isolation components across diverse verticals such as healthcare, telecom, and energy and utility are some of the major factors triggering the growth of galvanic isolation market.
Galvanic isolation has become a necessary means of preventing DC and unwanted AC currents between two parts of a system, while allowing signal and power transfer between those two points. It is being increasingly employed in modern electrical systems for a variety of reasons including preventing electrical shocks to human operators, protecting expensive processors, AC or FPGAs from risk of damage in a high voltage system, breaking ground loops and improving noise immunity.
Electric injuries as a result of low voltage and high voltage currents are becoming relatively common forms of mechanical trauma. For instance, as per a report published in National Center for Biotechnology Information (NCBI), there are around 30000 non-fatal electric shock incidents and 1000 fatal ones reported every year in the United States. This rise in electric shock incidents has triggered the adoption of galvanic isolation components like capacitors and optical isolators.
Galvanic isolation components are easy to install and comparatively cheaper as compared to other isolation technologies, which makes them ideal for adoption in modern electrical systems. Adoption of galvanic insulation in these products eliminates the threat of electric shocks as well as protects their sensitive components.
The rapid growth of electronics and automotive markets is emerging as a key factor boosting the sales of galvanic isolation components. Electrification of vehicles has opened new growth avenues for galvanic isolation market.
Usage of high-power devices such as batteries, inverters, and regenerative braking systems in automotive can generate noise that could compromise the safety of the vehicle. This creates a demand for appropriate galvanic isolation techniques in these electric vehicles.
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.
Unprecedented failure of galvanic isolation devices has emerged as a major restraint for the growth of galvanic insolation market. Galvanic isolation failure can be either due to high voltage across isolation barrier or a combination of high voltage and high current close to the isolation barrier. Failure of galvanic insulations due to these events can result in a potential hazard to human operators and can cause damage to sensitive system components.
In addition to this, certain galvanic isolation devices such as special isolation transformers are usually costlier, which also limits the growth of the market.
As per FMI, North America is projected to continue its dominance in the global galvanic isolation market over the forecast period. Growth in the region is driven by increasing adoption of galvanic isolation devices across various industries, growing focus towards improving safety and presence of leading market players.
During the last few years, there has been substantial increase in the number of electric shock incidents across countries like the United States. As a result, electrical manufacturers are continuously integrating galvanic insolation components in modern electrical systems. This is providing a major thrust to the growth of galvanic isolation market in North America.
The Asia Pacific Excluding Japan (APEJ) galvanic isolation market is anticipated to experience the fastest growth during the forecast period, owing to the growing penetration of modern electronic systems, favorable government support and presence of leading end use verticals.
Countries like China and South Korea are emerging as world leaders in the production and sales of galvanic isolation devices and the trend is likely to continue in the future. Sales of galvanic insolation components are mostly rising across automotive, telecom and healthcare industries.
Moreover, growing consumer awareness regarding the importance and benefits of using galvanic isolation in a multitude of electronic systems is positively impacting the growth of galvanic isolation market in the region.
Some of the key participants present in the global galvanic isolation market include 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).
Leading players operating in the global isolation market are continuously investing in research and development activities for introducing advanced products. They are working closely with electrical and electronic companies to supply specially designed products with superior features.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 5.2% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Vertical, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
Key Companies Profiled | 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; Analog Devices Inc. (ADI) |
Customization | Available Upon Request |
FMI projects the global galvanic isolation market to expand at a 5.2% value CAGR by 2032
Asia Pacific is projected to emerge as the fastest growing market for galvanic isolation during the forecast period.
Corrpro Companies Inc., Avago Technologies limited (AVGO), STMicroelectronics N.V., ROHM Semiconductor, Perle Systems Europe Ltd., Infineon Technologies AG, Professional Mariner LLC.are some prominent galvanic isolation manufacturers
Grout Pump Market Trend, Share, Outlook & Forecast 2025 to 2035
North America Vertical Turbine Pump Market Analysis & Forecast by Head, Material Type, Stages, Power Rating, End-use, and Region Through 2035
Korea Refrigeration Compressor Market Analysis by Product Type, Application, Refrigerant Type, and Province through 2035
Japan Refrigeration Compressor Market Analysis by Product Type, Application, Refrigerant Type, and City through 2035
North America Commercial Refrigeration Equipment Industry Analysis by Product Type, Application, and Country through 2035
Centrifugal Separator Market Segmentation based on Product Type, End Use and Region: A Forecast for 2025 and 2035
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.