Galvanic Isolation Market Size & Share Report, Growth, Trends, 2030

Galvanic Isolation Industry Prospective:

The global galvanic isolation market size was valued at USD 1.84 billion in 2022 and is likely to surpass USD 2.70 billion by the end of 2030. The market is expected to grow with a CAGR of 4.88% during the forecast period.

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The report analyzes the global galvanic isolation market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the galvanic isolation industry.

Galvanic Isolation Market: Overview

Galvanic isolation is a method to isolate electric circuits to remove stray currents. It became an advanced technique for enhancing safety by preventing accidental currents from moving forward to the human body. The transformers, capacitors, and optical isolators have majorly opted to ensure that the A.C. current transfers to the circuit but don't pass through the human body. Isolating power supplies is vital to manufacturing modern equipment designs for enhancing the safety of both the operators and other electronic devices. The various isolation components include inverters, monitoring systems, intrinsic safety isolators, healthcare equipment, etc. A galvanic isolator helps fill the gap between a low-voltage isolated circuit and power from the control unit. However, this helps both the control device and the vehicle. Also, it reduces noise produced via the circuit's common points.

Key Insights

• As per the analysis shared by our research analyst, the global galvanic isolation market size is estimated to grow annually at a CAGR of around 4.88% over the forecast period (2023-2030).
• In terms of revenue, the global galvanic isolation market size was valued at around USD 1.84 billion in 2022 and is projected to reach USD 2.70 billion by 2030.
• The growing electrification is likely to boost the global galvanic isolation market growth during the forecast period.
• Based on the data range, the 25 - 75 Mbps segment swipes the largest share of the global market.
• Based on the channels, the 4-channel segment holds the largest share of the global market.
• Based on the isolation type, capacitive coupling accounts for the largest share of the global market
• Based on the sales channels, the retail sales segment is likely to dominate the global market.
• Based on the verticals, the industrial sector is likely to dominate the global market.
• Based on region, Asia Pacific is expected to dominate the market during the forecast period.

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Galvanic Isolation Market: Growth Drivers

Growing electrification is likely to boost the growth of the global market.

The wide adoption of digitalization across the globe is expected to be the major growth factor of the global galvanic isolation market growth. Governments across the nations are striving hard to revolutionize the automotive sector through the electrification of vehicles. Companies are constantly launching a unique range of electric vehicles, thereby widening the scope of the global market during the forecast period. The ease of availability of charging stations to lower carbon emissions will also propel the growth of the global market. Furthermore, the manufacturers are embedding lithium-ion batteries with high voltage, which is further anticipated to encourage the growth of the global galvanic isolation market.

Galvanic Isolation Market: Restraints

High cost of galvanic transformers is likely to be the major reason limiting the growth of the global market.

The major aim of the galvanic isolators is to prevent the passage of current and act as an interface between two or more circuits. The majorly used galvanic isolators are the galvanic transformers which are quite expensive. Therefore, it is likely to hamper the growth of the global galvanic isolation industry during the forecast period.

Galvanic Isolation Market: Opportunities

Growth of renewable energy sources is expected to offer lucrative growth opportunities in the global market.

The growing trend of replacing traditional electronic systems with renewable ones will widen the scope of the global galvanic isolation market during the forecast period. There is a growing transition towards wind and solar energy source systems, which will boost the demand for galvanic isolation in the market in the forthcoming years. The energy produced via these sources produces D.C. power which needs to be converted into A.C. power for use in various applications. These isolators are used to offer enhanced safety and proper power transmission.

Galvanic Isolation Market: Challenges

Integration of galvanic isolators with high-end devices is a big challenge in the global market.

The growing use of high-voltage devices is posing a demand for advanced galvanic isolators. However, integrating isolators with all types of high-end devices is quite challenging for manufacturers. Therefore, it has emerged as a big challenge restricting the growth of the global galvanic isolation industry. Also, the lack of a skilled workforce is further anticipated to slow down the growth of the market. However, the failure of galvanic isolators in a few aspects is another big challenge limiting their growth in the global marketplace.

Galvanic Isolation Market: Segmentation

The global galvanic isolation market is segmented into five major categories, namely, data range, channel, isolation type, sales channel, vertical, and region.

On the basis of the data range, the market can be segmented into above 75 Mbps, 25-75 Mbps, and 25 Mbps. The 25 - 75 Mbps segment swipes the largest share of the global market owing to its capacity to meet the isolation requirement needed by end users.

On the basis of channels, the market can be segmented into two channels, four channels, six channels, eight channels, and others. The 4-channel segment holds the largest share of the global market due to its high demand in the market.

On the basis of isolation type, the galvanic isolation industry can be segmented into giant magnetoresistive, magnetic coupling, and capacitive coupling. Capacitive coupling accounts for the largest share of the global market due to its high demand in the market. A capacitive coupling refers to the digital isolators being utilized in myriad applications like automotive systems, medical devices, industrial automation, and others. Its advantages, like noise-free working, renewable energy, improved safety, etc., are further offering it a competitive edge over others.

On the basis of sales channels, the market can be segmented into online retail and direct sales. The retail sales segment is likely to dominate the global market during the forecast period. The major growth factor contributing to the growth of the global market is the high accessibility of the retail sector. The retail segment is growing fast because of the wide availability of a large number of products in the market. Also, people are more inclined towards the retail segment owing to their tradition of shopping from retail shops in their locales. However, the direct sales segment is expected to grow in the forthcoming years due to the surge in the trend of direct selling owing to its high profit-yielding structure.

On the basis of verticals, the galvanic isolation industry can be segmented into transportation, energy & utility, manufacturing, industrial, public, healthcare, and telecom sectors. The industrial sector is likely to grow significantly during the forecast period owing to the wide adoption of automation systems globally. 42% of the overall time spent on manufacturing stuff is in the process of being automated using robots. Also, the supportive regulatory environment is further likely to foster growth prospects in the segment. The increasing industrialization in underdeveloped and developing countries is a primary reason for the huge growth in the segment.

Recent Developments:

• Mornsun Guangzhou Science & Technology Co Ltd in 2022 revealed the distribution agreement that is to be signed with Avnet Abacus. The agreement will open doors to the company's high market reach. It is also expected to expand its market, particularly in the EMEA market, in the forthcoming years.
• Broadcom Inc mentioned the initiation of ACNT optocouplers with the range of 14.2 mm and 15 mm creepage clearance for the isolation of high voltage current. These contain comprehensive products that are likely to satisfy the requirements of galvanic isolators.

?Galvanic Isolation Market: Report Scope

Galvanic Isolation Market: Regional Analysis

Asia Pacific to lead the global market during the forecast timeline

Asia Pacific accounts for the largest share of the global galvanic isolation market due to the wide adoption of advanced electronic devices in the region. The growing government support and presence of strong market players are further expected to propel the growth of the regional market. Nations like South Korea and China are leading the regional market through the sales and production of galvanic isolation devices. However, these countries are likely to grow significantly in the forthcoming years, particularly due to the developments in healthcare, telecom, and automotive industries. Additionally, there is surging awareness among people about advanced consumer electronics. However, the rising living standards of people in the region are accentuating the demand for advanced electronics. The growing investment and infrastructure developments are other major factors positively impacting the growth of the regional market during the forecast period.

North America is anticipated to be the fastest-growing region in the global galvanic isolation industry due to the stringent rules and regulations owing to the safety norms for the industries in the region. The increasing industrialization and digitalization to push the economy are also contributing to the growth of the regional market. The growing adoption of automation processes in major countries like India, China, Japan, etc., is further anticipated to propel the growth of the regional market.

Europe is also expected to witness steady growth in the forthcoming years due to the rising consumer awareness in the region regarding the advantages of using galvanic isolation in advanced electronic systems.

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