Intelligent Electronic Devices Market is projected to Reach USD 15.17 Billion By 2030 : Cognitive Market Research

Market Overview:
- Intelligent electronic equipment refers to the term electronic equipment with intelligent functions in substation automation. These devices have multiple electrical protection functions, advanced local control intelligence, monitoring capabilities, and the ability to communicate extensively directly with SCADA systems. The main purpose of intelligent electronic devices involves transmitting or receiving data or control signals to and from external devices.

Summary:
• As per our study, Global Intelligent Electronic Devices Market Size Was Valued at USD 9.77 Billion In 2022 And Is Expected to Grow at A CAGR Of 6.48 % During the Forecast Period, Reaching USD 15.17 Billion By 2030.
• The rising demand for power automation systems is the major driving factor for the growth of the intelligent electronic devices market.
• Asia Pacific holds immense growth potential in the intelligent electronic devices market.

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Market Dynamics:
- The rising demand for power automation systems and the rapid expansion of the electric power industry is the main driving factor for the growth of the global intelligent electronic devices market during the forecast period. Intelligent electronic devices (IEDs) have recently been widely deployed in power automation systems, and the transition from RTUs to IEDs is evident due to the integration and interoperability features of IEDs. Additionally, increasing consumer trends toward automation is another factor that boosts market growth during the forecast period. However, the high cost of devices may obstruct the growth of the global intelligent electronic devices market in the near future. Further, the increasing popularity of smart home devices that can be automatically controlled remotely from anywhere with an internet connection using an intelligently networked device. This is expected to create new opportunities for the intelligent electronic devices market during the forecast period.

Market Segmentation Analysis :
Product:
• Protective Relaying Devices
• On-Load Tap Changer Controls
• Circuit Breaker Controllers
• Capacitor Bank Switches
• Reclose Controllers
• Voltage Regulators
• Digital Relays
• Others

Application:
• Mass Transit Systems
• Traction Signalling & Control Systems
• Water Supply & Management Systems
• Automation
• Condition Monitoring

Industry Vertical:
• Oil & Gas
• Food & Beverages
• Automotive
• Energy & Power
• Healthcare & Pharmaceuticals
• Chemicals
• Others

The Major Players in Intelligent Electronic Devices Market are:
ABB, Schneider Electric, Siemens, Amperion, BPL Global, Cisco Systems, EATON, Grid Net, Honeywell, Infrax Systems, Itron, Landis+GYR, NovaTech, Open Systems, Rockwell Automation, SC Electric, Schweitzer Engg Lab, Sensus, Silver Spring Networks, Subnet Solutions, Trilliant.

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News
- Toshiba released intelligent power devices that help to improve equipment reliability.
On 7th February 2023, Toshiba Electronic Devices & Storage Corporation launched two smart power devices for controlling the inductive load drive of other devices used in applications such as motors, solenoids, lamps, and programmable logic controllers for industrial equipment. Using the company's analog device integration process (BiCD), the new product reaches an on-resistance of 0.4Ω at the output stage, which is more than 50% lower than Toshiba's existing products.

Regional Analysis:
- Asia Pacific is growing significantly in the intelligent electronic devices market.
Asia Pacific growing significantly in the intelligent electronic devices market during the forecast period. The market demand in the region is attributed to the wide presence of the consumer electronics industry along with the increasing demand for smart appliances to increase production efficiency. For example, East and Southeast Asia is the main hub of the global electronic industry and provide an important role in the production and exports of electronic components.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Intelligent Electronic Devices Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Intelligent Electronic Devices Market Segmentation
1.5.1 Intelligent Electronic Devices Market Regional Fragmentation
1.5.1 Intelligent Electronic Devices Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Intelligent Electronic Devices Market
Chapter 4 Global Intelligent Electronic Devices Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Intelligent Electronic Devices Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Intelligent Electronic Devices Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Intelligent Electronic Devices Market by Industry Vertical Segmentation Analysis (2018-2030)
Chapter 11 Global Intelligent Electronic Devices Market Regional Analysis
• 11.1 Detailed Qualitative Analysis
• 11.2 Global Intelligent Electronic Devices Market Revenue by Region (2018-2030)
• 11.2 Global Intelligent Electronic Devices Market Share (%) by Region (2018-2030)
Chapter 12 North America Intelligent Electronic Devices Market Outlook (2018 - 2030)
Chapter 13 Europe Intelligent Electronic Devices Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Intelligent Electronic Devices Market Outlook (2018 - 2030)
Chapter 15 Latin America Intelligent Electronic Devices Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Intelligent Electronic Devices Market Outlook (2018 - 2030)
Chapter 17 Research Findings

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Related report
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• Consumer electronics market - https://www.cognitivemarketresearch.com/consumer-electronics-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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