Press release
With 9.6% CAGR, Intelligent Electronic Devices Market Worth Will Be US$ 17.3 Billion By 2027
Intelligent Electronic Devices Market
Intelligent electronic devices are used in industrial control systems (ICS) to automate power systems. They are equipped with human-machine interface (HMI) software and assist in performing testing, commissioning, fault analysis, and real-time event reporting. They also aid in monitoring circuits, possess advanced local control intelligence, and enable remote, local, and substation data acquisition for network analysis. At present, they are employed in the energy and power, automotive, oil and gas, chemical, healthcare, food and beverage (F&B), and wastewater treatment industries across the globe.
Intelligent Electronic Devices Market Trends:
Rapid industrialization and the growing automation of industrial processes represent one of the key factors positively influencing the market around the world. In line with this, the increasing focus on decreasing transmission and power distribution (T&D) losses due to the rising occurrence of power line fluctuations and outages is propelling the market growth. Additionally, governments of various countries are promoting the installation of smart meters in households for increasing the remote monitoring of power losses and accurate billing. This, in confluence with the integration of the internet of things (IoT) in the energy sector, is creating a favorable market outlook. Furthermore, the increasing awareness about energy efficiency and conservation is stimulating the growth of the market across the globe.
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Intelligent Electronic Devices Market Coverage and Segmentation :
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABB Ltd.
Black & Veatch Corporation
Cisco Systems Inc.
CG Power and Industrial Solutions Limited (Avantha Group)
Eaton Corporation Inc
Honeywell International Inc
Landis Gyr Inc.
Open Systems International Inc.
Rockwell Automation Inc.
S & C Electric Company
Schneider Electric S.E.
Siemens Aktiengesellschaft
Toshiba Corporation
Trilliant Networks Inc.
The report has segmented the market on the basis on region, type and end use industry.
Breakup by Type:
Digital Relay
Voltage Regulator
Protection Relay
Circuit Breaker
Load Tap Changer
Recloser Controller
Capacitor Bank Switch
Others
Breakup by End-Use Industry:
Automotive
Healthcare
Oil and Gas
Petrochemical
Chemical
Food and Beverages
Energy and Power
Waste and Wastewater Treatment
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/intelligent-electronic-devices-market
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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