Intelligent Electronic Devices Market: An Exclusive Study On Upcoming Trends And Growth Opportunities From 2023-2029

Market Overview:
The Global Intelligent Electronic Devices market was valued at USD 13.03 billion in 2021 and is expected to reach USD 18.46 billion by the year 2028, at a CAGR of 5.1%.

Intelligent Electronic Devices (IED) can be defined as devices that have single or multiple microprocessors integrated within them. The main purpose of IED involves the transmission or reception of data or control signals to or from an external device. IEDs receive the data from sensors and power equipment and can issue control commands, like a tripping circuit breaker if they sense voltage, current, or frequency anomalies, or raise/lower voltage levels in order to maintain the desired level.
An IED can hold around 5-12 protection functions, 5-8 control functions managing separate devices, self-monitoring functions, communication functions, and others. Today, IEDs are regarded as a key part of industrial control systems used for the purpose of advanced power automation, which makes them useful in Supervisory Control and Data Acquisition systems (SCADA systems), and Distributed Control Systems (DCS) as a crucial component.

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Market Dynamics:
Driver:
The primary factors driving the growth of the Intelligent Electronic Devices market are the high application of IEDs like capacitor bank switches, control circuit breakers, and voltage regulators for power fault detection in multiple industrial processes and continuously growing efforts to overcome T&D losses. In addition to this, the growing deployment of smart grids and favorable initiatives taken by government bodies are fueling the demand for intelligent electronic devices.

Opportunities:
Increasing demand for smart devices which produce optimal and highly authentic results acts as a great opportunity for the intelligent electronic devices market growth. Furthermore, the increased number of IoT applications such as smart cities, and homes & grids supported by the continuous efforts by industry stakeholders in the energy and power sectors to establish stable power grids, with new technology for substation automation are also expected to drive the market growth in the upcoming period.

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Key Chapter Will Be Provided In The Report
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis

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Leading players Of the Intelligent Electronic Devices Market:
• ABB Group
• Toshiba Corporation
• Rockwell Automation Inc.
• Siemens Corporation
• Honeywell International Inc.
• Berry Palmer & Lyle Limited
• Black & Veatch Holding Company
• Leuze Electronic Cisco Systems Inc.
• Eaton Corporation PLC
• Landis+Gyr
• Infrax Systems
• S&C Electric Company
• Schneider Electric SA
• Subnet Solutions Inc.
• Open Systems International Inc. and others Major Players.

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Segmentation of the involved in The Intelligent Electronic Devices Market:
By Type
• Digital Relay
• Protective Relaying Device
• Circuit Breaker Controller
• Load Tap Changer Controller
• Voltage Regulator
• Others

By Industry Vertical
• Food & Beverage
• Oil & Gas
• Automotive
• Pharmaceutical
• Chemicals
• Others

By Application
• Water Supply & Management System
• Mass Transit System
• Traction Signaling & Control System
• Automation & Condition Monitoring

Regional Analysis for the Intelligent Electronic Devices Market:
The Asia Pacific region is expected to dominate the market during the forecast period. The market in the Asia Pacific is primarily turned by raised investments in the modernization of infrastructure and continuously growing urban population in the region, especially in emerging countries such as China and India. The intelligent electronic devices market in the Asia Pacific is anticipated to observe more innovations and developments shortly, as several leading manufacturers are investing in research and development activities. Moreover, the growing deployment of smart grids and favourable initiatives taken by government bodies are probably to hasten the market in the Asia Pacific during the forecast period.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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COVID-19 Impact on the Intelligent Electronic Devices Market
Owing to the sudden outbreak of coronavirus disease (COVID-19), governments of several economies have declared complete lockdowns as a preventive measure. The global effect of the coronavirus disease 2019 (COVID-19) is already starting to be felt, and will significantly influence the Intelligent Electronic Devices market in 2020. The outbreak of COVID-19 has brought effects on many aspects, such as flight cancellations; restaurants and closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; travel bans and quarantines; huge slowing of the supply chain; stock market volatility; declining business confidence, rising panic among the population, and uncertainty about future. Therefore, major players are unable to operate at optimum efficiency, which is poorly influencing the intelligent electronic devices market growth. The market is expected to bring back once regularity is regained.

Table of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities By Segment
 3.1 By Type
 3.2 By Industry Vertical
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Intelligent Electronic Devices Market by Type
 5.1 Intelligent Electronic Devices Market Overview Snapshot and Growth Engine
 5.2 Intelligent Electronic Devices Market Overview
 5.3 Digital Relay
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Digital Relay: Geographic Segmentation
 5.4 Protective Relaying Device
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Protective Relaying Device: Geographic Segmentation
 5.5 Circuit Breaker Controller
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Circuit Breaker Controller: Geographic Segmentation
 5.6 Load Tap Changer Controller
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Load Tap Changer Controller: Geographic Segmentation
 5.7 Voltage Regulator
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Voltage Regulator: Geographic Segmentation
 5.8 Others
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size (2016-2028F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Others: Geographic Segmentation

Chapter 6: Intelligent Electronic Devices Market by Industry Vertical
 6.1 Intelligent Electronic Devices Market Overview Snapshot and Growth Engine
 6.2 Intelligent Electronic Devices Market Overview
 6.3 Food & Beverage
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Food & Beverage: Geographic Segmentation
 6.4 Oil & Gas
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Oil & Gas: Geographic Segmentation

Chapter 7: Intelligent Electronic Devices Market by Application

Chapter 8: Company Profiles and Competitive Analysis

Chapter 9: Global Intelligent Electronic Devices Market Analysis, Insights and Forecast, 2016-2028

Chapter 10: North America Intelligent Electronic Devices Market Analysis, Insights and Forecast, 2016-2028

Continue.

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