Global Intrinsic Safety Barriers (I.S Barriers) Market by Type (Zener Barriers, Galvanically Isolated barriers), By Application (Oil and Gas, Power, Chemical, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
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.


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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



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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.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



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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

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