Galvanic Isolation Market : Technology Advancements, Industry Insights, Trends And Forecast 2033

Posted by Amruta Pritam on May 10th, 2024

Overview and Scope

Galvanic isolation refers to the practice of separating the input and output supplies of a device to facilitate the flow of current either through a field or electrical connections. It enables the transfer of power between two circuits that should remain uncoupled. The primary purpose of establishing isolation is to enhance safety in industrial-grade products, particularly in scenarios where wired communication is necessary between two devices, each independently controlling its power.

Sizing and Forecast

The galvanic isolation market size has grown strongly in recent years. It will grow from .81 billion in 2023 to .97 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%.  The growth in the historic period can be attributed to growth in telecommunications infrastructure, increasing demand for automation, integration of renewable energy sources, increasing electronic content in vehicles, data communication expansion.

The galvanic isolation market size is expected to see strong growth in the next few years. It will grow to .78 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.  The growth in the forecast period can be attributed to surge in electric vehicle (EV) production, growth of internet of things (IoT) devices, increasing focus on electrical safety, rise in demand for medical devices. Major trends in the forecast period include increased adoption of digital isolation technologies, emergence of wireless charging solutions, rise of edge computing, advancements in high-speed communication interfaces, focus on miniaturization and integration.

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Segmentation & Regional Insights

The galvanic isolation market covered in this report is segmented –

1) By Type: Analog Galvanic Isolation, Digital Galvanic Isolation

2) By Data Range: Above 75 Mbps, 25-75 Mbps, 25 Mbps

3) By Channel: Two Channels, Four Channels, Six Channels, Eight Channels, Other Channels

4) By Sales Channel: Online Retail, Direct Sales

5) By Application: Healthcare, Telecommunications, Manufacturing, Energy, Automotive, Aerospace And Defense, Consumer Electronics, Other Applications

North America was the largest region in the galvanic isolation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the galvanic isolation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

The growth of renewable energy sources is expected to propel the growth of the galvanic isolation market going forward. Renewable energy, commonly known as clean energy, originates from natural sources or ongoing processes that undergo continuous replenishment. Renewable energy sources are on the rise due to their increasing affordability, supportive government policies, and the growing global focus on sustainability and reducing carbon emissions. Galvanic isolation ensures safety and prevents ground loops in renewable energy systems by electrically separating components. In renewable energy systems such as solar photovoltaic (PV) and wind power generation, galvanic isolation provides a barrier between different electrical circuits, preventing the flow of current and eliminating ground loops. For instance, in December 2023, according to Eurostat, a Luxembourg-based government agency, the European Union (EU) reached a 23.0% share of its gross final energy consumption from renewable sources in 2022, around 1.1% points higher than in 2021. Therefore, the growth of renewable energy sources is driving the growth of the galvanic isolation market.

Key Industry Players

Major companies operating in the galvanic isolation market are Schneider Electric SE, Broadcom Inc., Toshiba Electronic Devices & Storage Corporation, Würth Elektronik, Eaton Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., TDK Corporation, Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ROHM Semiconductor, Vishay Intertechnology, Maxim Integrated, Corrpro Companies Inc., Mornsun Power, Silicon Laboratories, Semtech Corporation, Pepperl+Fuchs GmbH, Power Integrations, RECOM Power GmbH, Perle Systems Europe Ltd., Professional Mariner LLC, Traco Electronic AG

The galvanic isolation market report table of contents includes:

1. Executive Summary

2. Galvanic Isolation Market Characteristics

3. Galvanic Isolation Market Trends And Strategies

4. Galvanic Isolation Market - Macro Economic Scenario

5. Global Galvanic Isolation Market Size and Growth

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32. Global Galvanic Isolation Market Competitive Benchmarking

33. Global Galvanic Isolation Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Galvanic Isolation Market

35. Galvanic Isolation Market Future Outlook and Potential Analysis

36. Appendix

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