Press release
Intelligent Electronic Devices Market Is Expected To Reach US$ 17.3 Billion By 2027: IMARC Group
Intelligent Electronic Devices Market
Industry Definition and Application:
Intelligent electronic devices (IEDs) are devices used in electrical power systems to perform specific control, protection, monitoring, and communication functions. They are equipped with human-machine interface (HMI) software and assist in testing, fault analysis, and real-time event reporting. They include protective relays, circuit breakers, capacitor bank switches, recloser controllers, and voltage regulators and aid in remote, local, and substation data acquisition for network analysis. At present, they find applications in energy and power, automotive, oil and gas, chemical, healthcare, food and beverage (F&B), and water industries across the globe.
Intelligent Electronic Devices Market Trends:
Rapid industrialization and the rising automation in industrial processes represent one of the key factors positively influencing the market around the world. In line with this, the increasing demand for decreasing transmission and power distribution (T&D) losses due to the increasing power line fluctuations and outages is strengthening 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 adoption of the internet of things (IoT) in the energy sector, is creating a favorable market outlook. Furthermore, the increasing awareness of energy efficiency and conservation is stimulating the growth of the market across the globe.
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Global Intelligent Electronic Devices Market Coverage and Segmentation 2022-2027:
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 for Customization and Explore 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 will provide it to you as a part of the customization.
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IMARC Group
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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