Market Overview:
The global intrinsic safety barriers (IS barriers) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for intrinsically safe equipment and systems in various end-use industries, such as oil and gas, power, chemical, and others. Based on type, the global intrinsic safety barriers (IS barriers) market is segmented into zener barriers and galvanically isolated barriers. The galvanically isolated barrier segment is expected to grow at a higher CAGR during the forecast period owing to its advantages over other types of IS barrier devices. These include better noise immunity and lower leakage current levels as compared with zener diodes used in zener barrier devices. Based on application, the global intrinsic safety barriers (IS barriers) market is segmented into oil and gas industry, power industry, chemical industry, and others. The oil and gas industry accounted for the largest share of the global IS barrier market in 2017 owing to increased investments by governments across countries for exploration & production activities of crude oil & natural gas reserves. However, during the forecast period ,the power industry is expected to witness highest growth due rising demand for electricity globally coupled with stringent government regulations pertaining safety standards in electrical installations .
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Product Definition:
Intrinsic safety barriers (I.S Barriers) are devices or methods that protect an electrical or electronic system from damage due to an internal fault. The main purpose of intrinsic safety barriers is to prevent the release of energy that could cause a fire or explosion. Intrinsic safety barriers are important because they help ensure the safe operation of electrical and electronic systems in hazardous environments.
Zener Barriers:
Zener barriers are a type of intrinsic safety barrier used in semiconductor manufacturing facilities to control the spread of molten metal and other hazardous materials. Zener barriers consist of an insulating material with low electrical conductivity, which is placed between two electrodes. The presence or molten metal within the zener barrier can be detected by monitoring the voltage across the electrodes using a multimeter.
The primary function of zener barriers is to provide protection against electric arc accidents at high temperatures.
Galvanically Isolated barriers:
Galvanically Isolated Barriers (GIBs) are safety products used to prevent electric shock and provide protection against high voltage. They consist of a metal core enclosed by an insulating layer, which is separated from the surface by an electrolytic fluid. The product can withstand high voltage charges up to 1000V and low pressure drops up to 100kV.
Application Insights:
The oil and gas application segment accounted for the largest revenue share in 2016. The growth can be attributed to the increasing number of oil and gas projects across the globe. For instance, according to Wood Mackenzie, around 54% of global exploration expenditure goes into offshore projects whereas only 16% goes onto onshore projects. Thus, rising demand for Intrinsic Safety Barriers is expected to drive product demand over the forecast period.
Power generation is one of the major applications that involves ISB¢â‚¬â„¢s as they are used in power plants across various voltage levels (AC & DC) owing to their ability to block electric currents from entering unintended paths through barriers with low leakage current density (I). These products are also used in industrial sectors such as chemical where there is a high risk associated with electrical leakage due to improper installation or maintenance procedures resulting in potential accidents or incidents at sites including refineries and petrochemical complexes among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has observed several accidents due to lack of safety measures, which has resulted in a significant growth of extrinsic safety barriers. The growing number of construction activities coupled with rising industrialization across emerging economies such as China and India is anticipated to drive demand for I.S barriers in this region over the forecast period.
The North America market was valued at USD X million in 2017 owing to early adoption by end-users, high awareness levels regarding employee safety, and stringent regulatory scenario pertaining employee health & safety standards within countries such as U.S., Canada, Mexico etcetera (Source: GBI Research).
Growth Factors:
- Increasing demand from process industries: The process industries are the key consumers of intrinsic safety barriers. With the increasing demand for safety in these industries, the market for intrinsic safety barriers is expected to grow at a healthy rate.
- Rising awareness about intrinsically safe equipment: Intrinsically safe equipment is becoming more and more popular with each passing day owing to its ability to protect personnel and equipment from hazardous situations. This is likely to drive the growth of the intrinsic safety barrier market in the coming years.
- Technological advancements: The technological advancements in intrinsically safe barriers are helping manufacturers offer better products with enhanced features and performance characteristics. This is likely to fuel demand for these products in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Intrinsic Safety Barriers (I.S Barriers) Market Research Report
By Type
Zener Barriers, Galvanically Isolated barriers
By Application
Oil and Gas, Power, Chemical, Others
By Companies
Schneider Electric, Siemens, ABB, Pepperl+ Fuchs, OMEGA, Rotork, IMI Sensors, Extronics, Rockwel Automation, DATEXEL, Pepperl+Fuchs, Rel-Tek, Dwyer, Eaton, STAHL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Intrinsic Safety Barriers (I.S Barriers) Market Report Segments:
The global Intrinsic Safety Barriers (I.S Barriers) market is segmented on the basis of:
Types
Zener Barriers, Galvanically Isolated barriers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Power, Chemical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schneider Electric
- Siemens
- ABB
- Pepperl+ Fuchs
- OMEGA
- Rotork
- IMI Sensors
- Extronics
- Rockwel Automation
- DATEXEL
- Pepperl+Fuchs
- Rel-Tek
- Dwyer
- Eaton
- STAHL
 Market Overview.svg)
Highlights of The Intrinsic Safety Barriers (I.S Barriers) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Zener Barriers
- Galvanically Isolated barriers
- By Application:
- Oil and Gas
- Power
- Chemical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Intrinsic Safety Barriers (I.S Barriers) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Intrinsic safety barriers are physical or chemical features of a product that make it inherently safer than other products in the same category. Intrinsic safety barriers can help prevent injuries by preventing users from coming into contact with hazardous materials, and by providing warning signals to users if hazardous materials are present.
Some of the major players in the intrinsic safety barriers (i.s barriers) market are Schneider Electric, Siemens, ABB, Pepperl+ Fuchs, OMEGA, Rotork, IMI Sensors, Extronics, Rockwel Automation, DATEXEL, Pepperl+Fuchs, Rel-Tek, Dwyer, Eaton, STAHL.
The intrinsic safety barriers (i.s barriers) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intrinsic Safety Barriers (I.S Barriers) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Intrinsic Safety Barriers (I.S Barriers) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intrinsic Safety Barriers (I.S Barriers) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Intrinsic Safety Barriers (I.S Barriers) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Intrinsic Safety Barriers (I.S Barriers) Market Size & Forecast, 2018-2028
4.5.1 Intrinsic Safety Barriers (I.S Barriers) Market Size and Y-o-Y Growth
4.5.2 Intrinsic Safety Barriers (I.S Barriers) Market Absolute $ Opportunity
Chapter 5 Global Intrinsic Safety Barriers (I.S Barriers) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Type
5.2.1 Zener Barriers
5.2.2 Galvanically Isolated barriers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intrinsic Safety Barriers (I.S Barriers) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Power
6.2.3 Chemical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intrinsic Safety Barriers (I.S Barriers) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Intrinsic Safety Barriers (I.S Barriers) Analysis and Forecast
9.1 Introduction
9.2 North America Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Type
9.6.1 Zener Barriers
9.6.2 Galvanically Isolated barriers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Power
9.10.3 Chemical
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Intrinsic Safety Barriers (I.S Barriers) Analysis and Forecast
10.1 Introduction
10.2 Europe Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Type
10.6.1 Zener Barriers
10.6.2 Galvanically Isolated barriers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Power
10.10.3 Chemical
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Intrinsic Safety Barriers (I.S Barriers) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Type
11.6.1 Zener Barriers
11.6.2 Galvanically Isolated barriers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Power
11.10.3 Chemical
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Intrinsic Safety Barriers (I.S Barriers) Analysis and Forecast
12.1 Introduction
12.2 Latin America Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Type
12.6.1 Zener Barriers
12.6.2 Galvanically Isolated barriers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Power
12.10.3 Chemical
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Intrinsic Safety Barriers (I.S Barriers) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Type
13.6.1 Zener Barriers
13.6.2 Galvanically Isolated barriers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Intrinsic Safety Barriers (I.S Barriers) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Power
13.10.3 Chemical
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Intrinsic Safety Barriers (I.S Barriers) Market: Competitive Dashboard
14.2 Global Intrinsic Safety Barriers (I.S Barriers) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 Siemens
14.3.3 ABB
14.3.4 Pepperl+ Fuchs
14.3.5 OMEGA
14.3.6 Rotork
14.3.7 IMI Sensors
14.3.8 Extronics
14.3.9 Rockwel Automation
14.3.10 DATEXEL
14.3.11 Pepperl+Fuchs
14.3.12 Rel-Tek
14.3.13 Dwyer
14.3.14 Eaton
14.3.15 STAHL
