Press release
Intelligent Electronic Devices Market to Witness Robust Expansion by 2024– Top Key players like ABB,Siemens,Schneider Electric,Inc.
This report focuses on the key global Intelligent Electronic Devices players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Intelligent Electronic Devices with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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An Intelligent Electronic Device (IED) is a term used in the electric power industry to describe microprocessor-based controllers of power system equipment, such as circuit breakers, transformers and capacitor banks.
The Intelligent Electronic Devices market competition will be still intense. ABB is the leading manufacturer in the global Intelligent Electronic Devices market with the market share of 31.89%, in terms of revenue, followed by General Electric, Siemens, Schneider Electric, NovaTech LLC and Crompton Greaves. The top 6 listed companies accounted for 85% of the market share in 2018.
Asia-Pacific region has immense potential for growth in this market and is expected to grow at a significant CAGR during the forecast period. Increasing government initiatives in the energy and power sector are the prime reasons for the demand for intelligent electronic devices market.
Although Intelligent Electronic Devices market still brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
According to this study, over the next five years the Intelligent Electronic Devices market will register a 17.1% CAGR in terms of revenue, the global market size will reach US$ 3782.8 million by 2024, from US$ 1721.4 million in 2019. In particular, this report presents the global revenue market share of key companies in Intelligent Electronic Devices business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
ABB
General Electric
Siemens
Schneider Electric
NovaTech LLC
Crompton Greaves
Market Segment by Type, covers
Digital Relays
PLC
Recloser
Smart Meter
Others
Market Segment by Applications, can be divided into
Power Generation
Power Transmission
Building Electricity Management
Factory Electricity Management
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Related Information:
North America Intelligent Electronic Devices Market Growth 2019-2024
United States Intelligent Electronic Devices Market Growth 2019-2024
Asia-Pacific Intelligent Electronic Devices Market Growth 2019-2024
Europe Intelligent Electronic Devices Market Growth 2019-2024
EMEA Intelligent Electronic Devices Market Growth 2019-2024
Global Intelligent Electronic Devices Market Growth 2019-2024
China Intelligent Electronic Devices Market Growth 2019-2024
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