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Intelligent Electronic Devices Market 2022-2027: Industry Trends, Share, Size, Growth, Opportunity and Forecast
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The global intelligent electronic devices market size reached a value of US$ 10.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.3 Billion by 2027, exhibiting a CAGR of 9.6% during 2022-2027. 

An intelligent electronic device (IED) is utilized in industrial control systems (ICS) to automate the power systems. It incorporates a human-machine interface (HMI) software for testing, commissioning, and performing fault analysis and real-time synchronization of event reporting. It controls self and external circuits, runs advanced local control intelligence, and offers remote, regional, and substation data acquisition in network analysis. As a result, it is widely used across several industries, such as automotive, energy, oil and gas, chemicals and petrochemicals, healthcare, food and beverage, water, and wastewater treatment.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Intelligent Electronic Devices Market Trends:

The growing automation trends pertaining to industrial processes is augmenting the global IEDs market. Moreover, the increasing requirement to minimize transmission and power distribution (T&D) losses, including fluctuation and outages in power lines, is also driving the market growth. In line with this, the growing traction towards substation automation in solar power systems, along with rising demand for renewable energy sources, is further bolstering the market growth. Additionally, several governments are emphasizing on the deployment of smart meters for enabling power automation with optimal capital assets and less human intervention.

Request a Free Sample Report:
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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 SE, Siemens Aktiengesellschaft, Toshiba Corporation and 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

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.

US contact

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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