Isolated Barriers Market Analysis By Category(0/4~20mA, 4~20mA), By End-user(Oil and Gas, Chemical, Energy and Power Plants, Pharmaceutical, Metallurgy) & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 290
- CATEGORY
- Retails & Consumer
The global Isolated Barriers market size was valued at US$ 1,171.4 Million in 2022, and anticipated to grow at a CAGR of 4.4% over the forecast period. Isolated barriers use galvanic isolation to protect electrical signals in potentially flammable, combustible and other hazardous areas. It is not capable of preventing communication or signals from getting through—a barrier only can prevent dangerous levels of voltage and current. Signals are still transmitted between the device, field and the control system. However, by restricting the energy to low levels incapable of causing ignition, dangerous catalysts cannot form. Therefore, this intrinsically safe arrangement stops fires, electrical shocks, and explosions.
Rising focus on infrastructure development along with the robust industrial growth across the world for making life easier, safer, and more comfortable for millions of people. With all these developments, a substantial growth in the demand for energy is inevitable, and at the same time safety equipment are also witnessing a huge demand across the world. Hence, increasing spending in infrastructure development is expected to be the key driver for the growth of the isolated barrier market. For instance, The U.S. government has recently introduced a “Build Back Better” plan for infrastructure development. Under this plan, the government has decided to invest over US$ 7 Trillion to transform the country’s ageing and neglected infrastructure systems. The Government of India is anticipated to spend US$ 1.4 trillion in the infrastructure sector during 2019-23, specially on renewable energy, highways, and urban transport.
Industry growth is being hampered by high installation costs and lack of awareness among end-users. Major factors hindering the adoption of isolated barriers among end-users are lack of knowledge of safe operation guidelines, low qualifications of maintenance staff, poor repair or extended downtime of equipment and poor organization and work process. These factors are a consequence of deficient regulations and weak compliance with industrial safety necessities.
Category Insights
On the basis of category, 4~20mA segment dominated major market share in 2022. In terms of revenue, 4~20mA category segment is estimated hold majority of the share in the global isolated market and is anticipated to expand at a CAGR of 4.4% during the forecast period. This growth is mainly attributed by the growing adoption of 4~20mA categories among heavy industrial areas to protect against electrical signals in potentially hazardous areas.
End-user Insights
Based on the end-user, oil & gas segment accounted for the largest market share during the forecast period. Rising demand for isolated barriers in oil & gas industry and strict government policies to reduce risk-oriented incidents are the major factors which is anticipated to boost the demand for the isolated barriers across the globe. For instance, chemical, oil & gas and construction companies are switching to advanced safety devices in order to reduce the causalities and to provide safe and secure environment to the workers.
Regional Insights
In terms of region, North America dominated the global market share in 2021. In hazardous areas, end-users are emphasized on installing a range of protective measures to prevent the formation and ignition of an explosive atmosphere. The intrinsic safety type of protection plays an important role in process automation. Hence, fuelling the demand for the isolator barriers market across different verticals in the region.
Isolated Barriers market in Asia Pacific is projected to register fastest revenue CAGR between 2022 and 2031 owing to rising adoption of Isolated Barriers and government funding for Isolated Barriers deployment. Among Asia Pacific countries, Australia is estimated to be among the fastest growing country in this cluster of regional markets followed by the South East Asia, South Korea and India. Government support together with huge investment in chemical industry is anticipated to boost the adoption of isolated barriers market across the region. Integration of safety equipment in chemical plants are increasing throughout the region as it is mandatory to install in order to avoid risk.
Key Companies Insights
Some of the major companies studied under the market scope are as follows: ABB Limited, Rockwell Automation, Yokogawa Electric Corporation, Eaton Corporation, Phoenix Contact, Pepperl+Fuchs, Dwyer Instruments Inc., R. STAHL, Omega Engineering, DRAGO Automation GmbH, Shanghai Chenzhu instrument CO., LTD., Wago Group, G.M. International srl and Others. Major players operating in the ecosystem experiences intense competition owing to the presence of large number of players on the global scale. Further, players are adopting various strategies such as merger and acquisition, geographic expansion, product launch, research & development for expanding their product portfolio, and others.
For instance, in December 2020, the company has entered into partnership with o9 Solutions, Inc., an AI-powered platform provider, to leverage the next-generation capabilities of the o9 platform to improve decision-making, and to reduce costs and to enable real-time visibility across its end-to-end supply chain.
Segments
By Category
· 0/4~20mA
· 4~20mA
By End-user
· Oil and Gas
· Chemical
· Energy and Power Plants
· Pharmaceutical
· Metallurgy
· Others
Global Isolated Barriers Market: Regional AnalysisAll the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Isolated Barriers market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Points:
Define, describe and forecast Isolated Barriers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Historic Year: 2016-2022
Forecast: 2024-2035
1 Isolated Barriers Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Isolated Barriers
1.3 Isolated Barriers Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Isolated Barriers
1.4.2 Applications of Isolated Barriers
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 PR electronics Market Performance Analysis
3.1.1 PR electronics Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 PR electronics Sales, Value, Price, Gross Margin 2016-2021
3.2 Shanghai Chenzhu Instrument Co., Ltd. Market Performance Analysis
3.2.1 Shanghai Chenzhu Instrument Co., Ltd. Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Shanghai Chenzhu Instrument Co., Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.3 Allen-Bradley Market Performance Analysis
3.3.1 Allen-Bradley Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Allen-Bradley Sales, Value, Price, Gross Margin 2016-2021
3.4 Booyco Electronics Market Performance Analysis
3.4.1 Booyco Electronics Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Booyco Electronics Sales, Value, Price, Gross Margin 2016-2021
3.5 SUPCON Market Performance Analysis
3.5.1 SUPCON Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 SUPCON Sales, Value, Price, Gross Margin 2016-2021
3.6 Pepperl + Fuchs Market Performance Analysis
3.6.1 Pepperl + Fuchs Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Pepperl + Fuchs Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Isolated Barriers Production and Value by Type
4.1.1 Global Isolated Barriers Production by Type 2016-2021
4.1.2 Global Isolated Barriers Market Value by Type 2016-2021
4.2 Global Isolated Barriers Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 K-System Market Production, Value and Growth Rate
4.2.2 H-System Market Production, Value and Growth Rate
4.3 Global Isolated Barriers Production and Value Forecast by Type
4.3.1 Global Isolated Barriers Production Forecast by Type 2021-2026
4.3.2 Global Isolated Barriers Market Value Forecast by Type 2021-2026
4.4 Global Isolated Barriers Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 K-System Market Production, Value and Growth Rate Forecast
4.4.2 H-System Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Isolated Barriers Consumption and Value by Application
5.1.1 Global Isolated Barriers Consumption by Application 2016-2021
5.1.2 Global Isolated Barriers Market Value by Application 2016-2021
5.2 Global Isolated Barriers Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Gas detectors Market Consumption, Value and Growth Rate
5.2.2 Fire detectors Market Consumption, Value and Growth Rate
5.2.3 Alarms Market Consumption, Value and Growth Rate
5.2.4 Others Market Consumption, Value and Growth Rate
5.3 Global Isolated Barriers Consumption and Value Forecast by Application
5.3.1 Global Isolated Barriers Consumption Forecast by Application 2021-2026
5.3.2 Global Isolated Barriers Market Value Forecast by Application 2021-2026
5.4 Global Isolated Barriers Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Gas detectors Market Consumption, Value and Growth Rate Forecast
5.4.2 Fire detectors Market Consumption, Value and Growth Rate Forecast
5.4.3 Alarms Market Consumption, Value and Growth Rate Forecast
5.4.4 Others Market Consumption, Value and Growth Rate Forecast
6 Global Isolated Barriers by Region, Historical Data and Market Forecasts
6.1 Global Isolated Barriers Sales by Region 2016-2021
6.2 Global Isolated Barriers Market Value by Region 2016-2021
6.3 Global Isolated Barriers Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Isolated Barriers Sales Forecast by Region 2021-2026
6.5 Global Isolated Barriers Market Value Forecast by Region 2021-2026
6.6 Global Isolated Barriers Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Isolated Barriers Value and Market Growth 2016-2021
7.2 United State Isolated Barriers Sales and Market Growth 2016-2021
7.3 United State Isolated Barriers Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Isolated Barriers Value and Market Growth 2016-2021
8.2 Canada Isolated Barriers Sales and Market Growth 2016-2021
8.3 Canada Isolated Barriers Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Isolated Barriers Value and Market Growth 2016-2021
9.2 Germany Isolated Barriers Sales and Market Growth 2016-2021
9.3 Germany Isolated Barriers Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Isolated Barriers Value and Market Growth 2016-2021
10.2 UK Isolated Barriers Sales and Market Growth 2016-2021
10.3 UK Isolated Barriers Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Isolated Barriers Value and Market Growth 2016-2021
11.2 France Isolated Barriers Sales and Market Growth 2016-2021
11.3 France Isolated Barriers Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Isolated Barriers Value and Market Growth 2016-2021
12.2 Italy Isolated Barriers Sales and Market Growth 2016-2021
12.3 Italy Isolated Barriers Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Isolated Barriers Value and Market Growth 2016-2021
13.2 Spain Isolated Barriers Sales and Market Growth 2016-2021
13.3 Spain Isolated Barriers Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Isolated Barriers Value and Market Growth 2016-2021
14.2 Russia Isolated Barriers Sales and Market Growth 2016-2021
14.3 Russia Isolated Barriers Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Isolated Barriers Value and Market Growth 2016-2021
15.2 China Isolated Barriers Sales and Market Growth 2016-2021
15.3 China Isolated Barriers Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Isolated Barriers Value and Market Growth 2016-2021
16.2 Japan Isolated Barriers Sales and Market Growth 2016-2021
16.3 Japan Isolated Barriers Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Isolated Barriers Value and Market Growth 2016-2021
17.2 South Korea Isolated Barriers Sales and Market Growth 2016-2021
17.3 South Korea Isolated Barriers Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Isolated Barriers Value and Market Growth 2016-2021
18.2 Australia Isolated Barriers Sales and Market Growth 2016-2021
18.3 Australia Isolated Barriers Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Isolated Barriers Value and Market Growth 2016-2021
19.2 Thailand Isolated Barriers Sales and Market Growth 2016-2021
19.3 Thailand Isolated Barriers Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Isolated Barriers Value and Market Growth 2016-2021
20.2 Brazil Isolated Barriers Sales and Market Growth 2016-2021
20.3 Brazil Isolated Barriers Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Isolated Barriers Value and Market Growth 2016-2021
21.2 Argentina Isolated Barriers Sales and Market Growth 2016-2021
21.3 Argentina Isolated Barriers Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Isolated Barriers Value and Market Growth 2016-2021
22.2 Chile Isolated Barriers Sales and Market Growth 2016-2021
22.3 Chile Isolated Barriers Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Isolated Barriers Value and Market Growth 2016-2021
23.2 South Africa Isolated Barriers Sales and Market Growth 2016-2021
23.3 South Africa Isolated Barriers Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Isolated Barriers Value and Market Growth 2016-2021
24.2 Egypt Isolated Barriers Sales and Market Growth 2016-2021
24.3 Egypt Isolated Barriers Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Isolated Barriers Value and Market Growth 2016-2021
25.2 UAE Isolated Barriers Sales and Market Growth 2016-2021
25.3 UAE Isolated Barriers Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Isolated Barriers Value and Market Growth 2016-2021
26.2 Saudi Arabia Isolated Barriers Sales and Market Growth 2016-2021
26.3 Saudi Arabia Isolated Barriers Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
}})
Select a license type that suits your business needs
US $3950
Only Three Thousand Nine Hundred Fifty US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4950
Only Four Thousand Nine Hundred Fifty US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5950
Only Five Thousand Nine Hundred Fifty US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI