Market Technology : Intelligent Electronic Devices Market Globally Grow at a CAGR of 4.72% by 2019

ALBANY, NY, FEB 23, 2017 :The intelligent electronic devices (IED) plays a significant role in automating substations and efficient monitoring of power delivery systems. IED is used in the power system to define devices that have electrical protection and monitoring functionalities with an advanced intelligent control system and can perform two-way communication with SCADA system. Moreover, an IED has IEC 61580 protocol to communicate directly with the SCADA system that make it a unique device for active control in T&D of power delivery systems to the users. The major functions performed by IED are protection, monitoring, control, metering, and communication.

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Technavio's analysts forecast the global intelligent electronic devices market to grow at a CAGR of 4.72% over the period 2015-2019.

Covered in this report
This report covers the present scenario and the growth prospects of the global intelligent electronic device market for the period 2015-2019. To calculate the market size, the report considers revenue generated through the sales of various intelligent electronic devices such as a digital relay, PLC, load tap controller, recloser, and smart meters.

Technavio's report, Global Intelligent Electronic Devices Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions
Americas
APAC
EMEA

Key vendors
ABB
Schneider Electric
Siemens

Other prominent vendors
Amperion
BPL Global
Cisco Systems
EATON
Grid Net
Honeywell International
Infrax Systems
Itron
Landis+GYR
NovaTech
Open Systems International
Rockwell Automation
S&C Electric
Schweitzer Engg Lab
Sensus
Silver Spring Networks
Subnet Solutions
Trilliant

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Market driver
Increased installation of intelligent substation
For a full, detailed list, view our report

Market challenge
Increased exposure to cyber attacks
For a full, detailed list, view our report

Market trend
Rise in smart grid installation
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.