Market Research Future (MRFR) asserts that the global isolation amplifier market is well on its way to reach the valuation of USD 1,697.4 million by 2023. Investments by major giants such as Texas Instruments and Toshiba Corporation owing to increasing demand for isolation amplifiers from a wide array of industry verticals can propel global demand during the forecast period (2018-2023). The isolation amplifier is equipped with a delta-sigma analog-to-digital (AD) converter that helps in detecting infinitesimal electric current and voltage fluctuation with high precision. This will prove to be crucial in industrial applications and ideal for current and voltage sensing applications. It also allows insulation, grounding, and data isolation by providing a barrier of electrical safety and electrical isolation. Moreover, the international market is currently observing accelerated adoption of popular technologies such as cloud computing and expansion of high-velocity telecommunications network. These technological developments are part of a series of strategic moves by private and public sectors attain a competitive edge in the global market, subsequently developing the market size.
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The global isolation amplifier market is segmented on the basis of application, type, and region.
By application, the market is segmented into medical, industrial, nuclear, telecommunication, and others. Isolated amplifiers are utilized in the healthcare sector to ensure the patient is completely safe and away from any kind of power leak. For example, electrocardiograph (ECG) requires safety isolation to protect the patient from dangerous leakage currents. On the other hand, isolation amplifiers also have major applications in the field of telecommunications due to growing demand for high-speed data and voice clarity. The telecommunication sector requires data backup and constant data exchange. Isolated amplifiers fill the role of protector for high-volume data and ensure seamless data traffic.
By type, the market is segmented into analog and digital. The analog type isolation amplifiers are ideal for several applications on account of their high durability and high reliability.
By region, the global isolation amplifier market is segmented on the basis of North America, Europe, Asia Pacific, and the Rest-of-the-World.
The region of North America is witnessing issues regarding patient safety in hospitals and medical institutions, which in turn is triggering the demand for isolation amplifiers. Also, massive demand for isolated amplifiers in optical isolation using fiber optic transmission is proving to be highly lucrative for the market growth in the region. The region also observes rapid urbanization in the form of intelligent buildings and smart transportation, which has shaped the market size favorably. The United States (U.S.) is one of the most highly developed nations in the region, contributing a substantial share to the growth of the isolation amplifier market.
Europe claims the second position in the global market due to the presence of global players and high development in the field of technology which is supporting the market growth in the region. Well-established industries in the region such as automotive, telecommunication and healthcare sectors have buoyed the market growth in the region to a large extent.
On the other hand, Asia Pacific and Middle East & Africa are predicted to enjoy robust growth in the future owing to the presence of developing nations where industrialization is rising continuously, making it easier for the isolation amplifier market to penetrate in these regions.
The key players in the global isolation amplifier market include DRAGO Automation GmbH (Germany), Toshiba Corporation (Japan), Texas Instruments Inc. (US), Eaton Corporation PLC (Ireland), Silicon Laboratories, Inc. (U.S.), Dewetron GmbH (Austria), Wurth Elektronik (Germany), Broadcom Pte. Ltd. (US), and Analog Devices, Inc. (US)
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