Isolation and Protection Devices: Introduction
- Isolation devices prevent damage to electrical circuits when one of them is in a fault condition. Isolation devices are used for isolating high voltage and low voltage circuits. The equipment are isolated using optocouplers.
- Protection devices are the nonlinear voltage clamping devices which are installed in parallel with the equipment for protection. Protection devices are under high impedance state in nominal supply voltage conditions.
- Protection devices are used for protection against surges from power lines, signal lines, feeder lines, and other line voltage surges. It can be used as class 1, 2, and 3 levels of protection.
- In recent years, isolation and protection devices have become important and have presence in a wide range of industries. These devices are implemented in electronic equipment which are sensitive to voltage peaks. Electronic equipment are found in offices, factories, and homes as well. In addition, protection devices are used in data communication lines with the exception of fiber optic as it is metal free.
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Rising need to safeguard expensive electrical equipment
- The change in climatic conditions has caused irregularities which causes power surges. The intensity of power surges by lightning is very high when compared to other reasons of power surge. This is increasing the demand for surge protection devices.
- On the other hand, smaller surges which occur on a regular basis erode the electrical components, leading to failure of electrical systems. Malfunction of electrical equipment may cause financial loss. These factors are fueling the isolation and protection devices market.
Wide range of applications of isolation and protection devices
- Isolation and protection devices are used in various industries such as healthcare, consumer electronics, and automobile
- Increased purchasing power of consumer has led to spending on comfort electronic products. These expensive products have to be safeguarded from power surges. In addition, the industrial sector has supported the use of heavy machinery, automations systems, and high-end electronics, the failure of which may incur additional costs.
- However, lack of awareness about the benefits of isolation and protection devices along with lack of component testing and a long warranty claim process may hamper the growth of the market
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Asia Pacific to lead the global market
- In terms of region, the global isolation and protection devices market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- The isolation and protection devices market in Asia Pacific is anticipated to expand at the maximum CAGR during the forecast period.
- This growth can be attributed to rising industrialization, and increasing consumer spending power.
- In addition, factors such as increasing infrastructure investment, and good perception of benefits is propelling the growth of the market in Asia Pacific.
- The isolation and protection devices market in North America and Europe is likely to witness second highest growth rate (after Asia Pacific), while the market in Middle East & Africa is likely to show stagnant growth.
Key Players in the Global Market
The global isolation and protection devices market was highly concentrated. Prominent players operating in the global market are focusing on technological developments and expansion to meet the growing demand for isolation and protection devices. Moreover, manufacturers are entering into partnerships for the development of innovative products and to gain higher profit margins.
Key players operating in the global isolation and protection devices market include:
- Eaton Corporation,
- Schneider- electric. Co,
- Siemens AG,
- ABB Group,
- General Electric,
- Emerson Electric Co.,
- Littelfuse, Inc.,
- Koninklijke Philips N.V
Global Isolation and Protection Devices Market: Research Scope
Global Isolation and Protection Devices Market, by Applications
- Computer and Office Equipment
Global Isolation and Protection Devices Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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