In accordance with this study, the Global Intelligent Electronic Devices Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2028 with a CAGR of XX% during the period of 2021-2028.
An intelligent electronic device (IED) is a device used to describe microprocessor-based controllers of power system equipment such as circuit breakers, transformers, and capacitor banks. The most common types of IEDs include protective relaying devices, On Load Tap Changer controllers, circuit breakers controllers, capacitor bank switches, etc. IEDs are the critical component in the implementation of technologies such as IoT, as it helps in automation as well as reduction of faults caused by other devices.
The rising demand for IEDs in various industries as these devices are used to report power fault, control transformer from high voltages, and also overload control, is driving the market growth. Also, increasing adoption of IEDs owing to their wide range of applications in substation automation such as transmission, distributions, and others is again fueling the market growth. However, high maintenance cost associated with IEDs may hamper the market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of intelligent electronic devices.
The study offers a decisive view of the global intelligent electronic devices market by segmenting it in terms of product type and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Product Type
- Digital Relays
- Smart Meter
- Power Generation
- Power Transmission
- Building Electricity Management
- Factory Electricity Management
This section covers intelligent electronic devices market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global intelligent electronic devices market along with the individual application segment across all the prominent region.
Global Intelligent Electronic Devices Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Intelligent Electronic Devices market are ABB, Crompton Greaves, General Electric, NovaTech LLC, Schneider Electric, and Siemens. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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