Galvanic Isolators Market to Portray Rapid Growth Owing to Rising Electrification of Automotive Industry
To address the ongoing development in the field of automotive industry, different favourable government policies have taken place for the electrification of vehicle. Government is planning to shift the automotive industry to electrical automotive industry, by increasing electrical vehicle range. Easy availability of charging arrangement and to reduce the emission generated from a vehicle has increased the demand for galvanic isolators. With growing market of electrical automotive industry there is an upgradation in the key parts of the vehicle. Manufacturers of automobile are embedding large voltage lithium ion batteries in the vehicle owing to electrification of the vehicle, which in turn generate more electricity that can be dangerous for the vehicle.
This has surged the demand for devices like galvanic isolator, this will help in preventing extra current entering in different components of the vehicle. Galvanic isolator reduces the current generated from the battery and spread across all the other components of the automobile.
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What are the Dynamics behind Galvanic Isolators Market Growth?
The key challenges faced by the automotive industry is to provide interface between sensor and control unit when the output signal from the sensor differ in their nature, for instance current, voltage or resistance. Setting up a lithium ion battery with similar type of current is a primary concern of the manufacturer of electrical vehicle as there could be possibility of different type, for instance direct, alternating or impulse current. This led to damage of the lithium ion battery in the long run.
On the contrary, galvanic isolator provides a bridge to isolate a low- voltage circuit from the electrical grid and the power from the control unit, which in turn protect both the vehicle and the control device. Additionally, galvanic isolator eliminates the noise induced by the common points of the circuit of different potential from signal processing.
With growing demand of electrical automobile there is a rapid growth in the market of galvanic isolator as it is required at different points in the vehicle. Galvanic isolators are easy to install in any part of the vehicle which is imposed to high electricity and provides signal conversation options. In addition, the device is inexpensive and its application specific designs are factors attracting market globally for the device.
Galvanic Isolators Market: Segmentation
Based on the Data Rate: galvanic isolator market can be segmented into:
- Up To 25 Mbps
- 25 – 75 Mbps
- Above 75 Mbps
Based on the Channel: galvanic isolator market can be segmented into:
- 2 Channel
- 4 Channel
- 6 Channel
- 8 Channel
Based on the Isolation Type: galvanic isolator market can be segmented into:
- Capacitive Coupling
- Magnetic Coupling
- Giant Magnetoresistive
Based on the sales channel, galvanic isolator market can be segmented into:
- Direct Sales
- Online Retail
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What is the Regional Standpoint in, Galvanic Isolator Market?
In North America, growing number of electric vehicles in the automotive industry corresponded in the market growth of the galvanic isolator market. The market growth of galvanic isolator in North America region is expected to witness growth in the coming years too, owing to increasing number of electric vehicle. This has led to high consumption of galvanic isolator for prevention of high current in the vehicle. However, South Asia is anticipated to witness highest growth in the galvanic isolator market in the forecasted period due to surge in the demand of electric vehicle.
Additionally, government favoring polices, regarding electrification of vehicle, supports the market growth. For instance, in 2019, the Government of India proposed an income tax deduction on the interest paid on the electric vehicle. These policies are uplifting the market of growth of galvanic isolator market due to increasing number of manufacturers of electric vehicle in the East Asia region.
East Asia is also expected to be beneficial market for the galvanic isolators, owing to presence of key electrical device and equipment manufacturers in the region. In addition, galvanic isolator is used for various electric machines including healthcare devices, industrial products and others, which in turn increase the consumption of the device. With presence of large number of electrical vehicle manufacturers in East Asia region, primarily in China, South Korea and Japan, the galvanic isolator market is expected to witness high growth in the future.
What are the Factors Hindering the Market Growth of Galvanic Isolator Market?
North America and Europe being the top markets for galvanic isolators owing to presence of large number of electric vehicle manufacturing, however developing regions like South Asia still lacks in providing standard charging infrastructure for charging of electric vehicles which hinders the market of the galvanic isolator in the South Asian countries. In addition, manufacturers of electrical vehicle still restricts the range of the electrical vehicle in the South Asian market, owing to less user base in this region, as customers are not ready to invest in the vehicle which provides limited range or distance covered in a single charge. This further reduces the consumption of galvanic isolator in the electrical vehicle.
How Key Players are competing in Galvanic Isolators Market?
Avago Technology limited and ROHM Semiconductors are the two key manufacturers of galvanic isolator market globally. These companies operating in the galvanic isolator market are making large investments in R&D activities to innovate new technologies that will aid to reduce the overall electricity and current in the vehicle components. Additionally, players are also introducing new products that comply with signal transmission which will reduce the overall current of the vehicle.
- 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) etc.
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