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Replacement of Relays with Optocouplers: A Rising Trend Benefitting Optocouplers Market

04-25-2017 01:22 PM CET | IT, New Media & Software

Press release from: TMR

Replacement of Relays with Optocouplers: A Rising Trend

Transparency Market Research (TMR) has announced the addition of a new market study on the global optocouplers market. The report analyzes the drivers, trends, opportunities, and restraints of the market. The report is titled “Optocouplers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”.

An optocoupler is an electronic component used to transfer electrical signals between two circuits by the use of light. Optocouplers isolate low voltage components from high voltage spikes in the same circuit, thus preventing high voltages from affecting the system that is receiving the signal. They are extensively used in printers and imaging devices, communication sectors, automobiles, and industrial applications.

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The global optocouplers market is driven by the growth of the automotive and industrial sector, especially in the emerging countries. Developing countries such as India and China are witnessing a huge demand for optocouplers, due to large investments in the communication sector. An overall increase in the use of automation in the manufacturing sector is driving the global optocouplers market. A rise in the demand for hybrid electric vehicles (HEVs) is also encouraging the market’s growth.

The market restraints include high power consumption by optocouplers and the low data rates that they provide. Moreover, the intrinsic wear-out of optocouplers components will also restrict the market’s growth. However, the use of optocouplers in the military, aerospace, and defense sectors will spur growth opportunities in the market. Replacement of relays with optocouplers will also open new growth opportunities in the market. The rising purchasing power of consumers in the coming years is further expected to drive the market.

The global optocouplers market is segmented on the basis of type, application, and geography. Geographically, the market is segmented into Asia Pacific, North America, Europe, and the Rest of the World. Europe accounted for 35.1% of the global optocouplers market in 2014, closely followed by Asia Pacific representing a share of 31.5% in the market.

On the basis of application, the market is segmented into printer and imaging device, automotive, signage, commercial, industrial and communication. Of these, the industrial segment contributed the highest in 2014, accounting for 37.95% of the global optocouplers market. On the basis of type, the optocouplers market is segmented into high speed optocouplers, 4 pin optocouplers, IGBT gate drivers, 6 pin optocouplers, and isolation amplifier. Among these, isolation amplifier optocouplers accounted for 53.1% of the global optocouplers market.

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The report profiles leading vendors operating in the global optocouplers market. They are: Fairchild Semiconductor (United States), Avago Technologies (United States), Renesas Electronics (Japan), and Vishay Intertechnology (United States). The strategies adopted by the companies and the challenges faced by them are included in the report, thus benefitting enterprises to make informed business decisions.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business Contact.

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