Galvanic Isolation Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Galvanic Isolation Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The galvanic isolation market size has grown strongly in recent years. It will grow from $1.81 billion in 2023 to $1.97 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 $2.78 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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Market Drivers and Trends:

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.

Major companies operating in the market are focusing on the development of galvanic isolation technology to gain a competitive edge in the market. Galvanic isolation is employed to electrically separate two circuits while allowing signal or power transfer, preventing ground loops, and enhancing safety. For instance, in March 2021, Tower Semiconductor Ltd., an Israel-based semiconductor manufacturing company, announced the launch of its newly developed state-of-the-art galvanic capacitor technology. The most recent galvanic isolation technology is seamlessly integrated with 0.18um power management and mixed-signal platforms, facilitating the development of isolated gate driver and digital isolator ICs capable of delivering up to 12 kV. These advancements significantly bolster safety and power efficiency, particularly in automotive, green power, and industrial applications. The integration of the galvanic isolator within the new technology provides cost and size advantages, eliminating the necessity for an additional device.

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Major Key Players of the Market:

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

Galvanic Isolation Market 2024 Key Insights:

• The galvanic isolation market size is expected to see strong growth in the next few years. It will grow to $2.78 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
• Galvanic Isolation Market Propelled By Renewable Energy Expansion
• Advancements In Galvanic Isolation Technology Drive Innovation And Market Expansion
• North America was the largest region in the galvanic isolation market in 2023

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