Isolation Amplifier Market, By Type (Analog, Digital) and By Application (Medical, Industrial, Nuclear, Telecommunications) – Forecast 2023
In this rapidly changing world of technology, isolation amplifier market is projected to show major growth prospects during the forecast period. Major factor driving the isolation amplifier market is the increasing adoption of interactive displays in order to enhance customer service experience.
The global isolation amplifier market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the isolation amplifier market in North America region is expected to witness significant growth and hold the largest market share during the forecast period. U.S. and Canada are anticipated to drive the growth of isolation amplifier market. This is owing to the presence of large number of established key players in the region. Asia Pacific is anticipated to witness relatively faster adoption and is also expected to grow at the highest CAGR during the forecast period as compared to other regions. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of isolation amplifier market.
The isolation amplifier market is growing rapidly over 10% of CAGR and is expected to reach at approx. USD 1.7 Billion by the end of forecast period.
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Isolation Amplifier Market Segmentation
The isolation amplifier market has been segmented on the basis of type and application. The application segment is bifurcated into medical, industrial, nuclear, telecommunications and others. The medical sub segment is further bifurcated into patient monitoring, biomedical measurements, ECG, EEG among others. Isolation amplifiers provide high linearity and high accuracy. Owing to this, it is increasingly being used in medical applications to get more accurate results for diagnosis.
The prominent players in the isolation amplifier market are –
- Mouser Electronics (U.S.)
- Analog Devices, Inc. (U.S.)
- Broadcom Ltd. (Singapore)
- Texas Instruments, Inc. (U.S.)
- Silicon Laboratories, Inc. (U.S.)
- Dewetron GmbH (Germany)
- Eaton Corporation PLC (Ireland)
- Wurth Elektronik (Germany)
- Toshiba Corporation (Japan)
- DRAGO Automation GmbH (Germany)
Market Research Analysis:
The isolation amplifier market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth in North America region is mainly dominated by U.S. and Canada owing to the presence of established key players in the region.
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Isolation amplifier market can be segmented on the basis of following:
- Patient Monitoring
- Biomedical Measurements
- Industrial Process Control
- Current Shunt Measurement
- Ground Loop Elimination
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The regional analysis of isolation amplifier market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The major growth in isolation amplifier market in Asia Pacific is attributed to growing economy in the Asian countries like China and India and strong presence of manufacturing industries in that region.
Isolation amplifiers are based on optocoupler technology and was basically designed for voltage sensing and current sensing. Isolation amplifier is used to minimize the effects of a following circuit on the preceding circuit. The purpose of an isolation amplifier is not to amplify the signal but the current of same voltage is passed out as it was sent in without any leakage of current. It has major applications in the field of telecommunications owing to increasing demand for high speed data and voice clarity. Telecommunication sectors requires data back up and constant data exchange and isolated amplifiers provide high data protection. Owing to this, demand from telecommunication sector is fueling the market growth of isolation amplifier market.
The global isolation amplifier market is expected to grow at approx. USD 1.7 Billion by 2023, at 10% of CAGR between 2017 and 2023.
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