Analysis of Optocouplers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
An optocoupler is an electronic device used for the transmission of electric signals using light between two circuits. Optocouplers are passive optical components used to split or combine transmission data from optical fibers. The main purpose of optocouplers is to prevent the damaging of components on one side of the circuit caused by distorting transmission of high voltages or frequently changing voltages on the other side of the circuit. Optocouplers consist of a light sensitive receiver that is a single photo diode, photo-resistor, photo-SCR, photo-transistor, or a photo-TRIAC and a light emitter, the LED.
The optocouplers, thus, contain a light source, such as an LED, which converts electrical signals into light. This light then travels through a closed optical channel and a photo sensor, which detects the incoming light and generates electric energy directly or modulates the electric current flowing from an external power supply. Optocouplers are basically used for AC and DC power control, signal isolation, PC communication, power supply regulation and microprocessor input/output switching. There are three major type of Optocouplers including Phototransistor Optocouplers, High Performance Optocouplers, and Phototriac Optocouplers
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The optocouplers form an integral part of the automation process and growth in automation in the manufacturing sector is one of the key factors expected to drive the growth of the optocouplers market during the forecast period. Moreover, in emerging countries, growth is being seen in industrial and automotive sectors, which is one more factor expected to drive the growth of the optocouplers market. Optocouplers are used in Hybrid Electric Vehicles (HEVs) and the rise in demand of such vehicles is another factor fueling the growth of the optocouplers market.
The optocouplers are also used in motor derives and renewable energy systems as well as renewable energy sources, such as wind turbine inverters and solar inverters. Growing demand for these will boost the demand and growth of renewable energy across the globe and will also benefit for the growth of the optocouplers market.
Optocouplers components undergo wear and tear, which is anticipated to restrain the growth of the optocouplers market during the forecast period. Moreover, optocouplers provide low data rates and have high power consumption, which is another factor restricting the growth of the optocouplers market.
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In April 2017, Maxwell Technologies, Inc., a developer and manufacturer of capacitive energy storage and power delivery solutions, completed acquisition of Nesscap Energy, Inc., a technology provider of cells & modules for industrial applications. With this acquisition, Maxwell Technologies, Inc. will be able to deliver more products and technologies to the global customer base.
Examples of some of the market participants across the value chain of the global optocouplers market are
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The optocouplers market can be segmented into North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and Middle East & Africa.
North America accounts for the maximum market share and with growing use of internet for social media, video chatting, online gaming and online shopping, the communication industry will grow further in North America. Hence, North America will continue to dominate the optocouplers market during the forecast period.
The demand in Asia Pacific is anticipated to grow significantly during the forecast period due to increasing demand for optocouplers for motor control, industrial robots and power supplies.
The report is a compilation of first-hand information, qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts & industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The optocouplers market can be segmented on the basis of product type, pin type, end user and region.
Optocouplers market segmentation by product type:
Optocouplers market segmentation by pin type:
Optocouplers market segmentation by end user:
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The optocouplers market is currently valued at USD 3.13 billion.
Over the forecast period, a CAGR of 8.8% is anticipated for the optocouplers market during the forecast period.
There are significant optocouplers market growth in Asia Pacific
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