Best Report on Intelligent Electronic Devices Market 2021: By Top Key Players like ABB Group, Toshiba Corporation
The global market for Intelligent Electronic Devices expected at US$12.4 Billion in the year 2021, is anticipated to gain a revised size of US$17.5 Billion by 2027, growing at a CAGR of 5.1% during forecast period.
An Intelligent Electronic Device (IED) is a term applied in the electric power industry to represent microprocessor-based controllers of power system equipment. IEDs obtain 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 concerning maintaining the desired level. A typical IED can hold around 5-12 protection functions, 5-8 control functions managing separate devices, self-monitoring function, communication functions, and others. Therefore, they are capably named Intelligent Electronic Devices. Some recent IEDs are developed to support the IEC61850 standard for substation automation, which offers interoperability and advanced communications capabilities. Most of the nation’s globally are trying to increase their electricity manufacturing to complement the rising industrialization and urbanization. This factor has significantly contributed to the rise of substation installation to deliver electricity to various remote parts of a nation. A substation is utilized to step up current and voltage or vice versa for transmitting electricity to long distances. Moreover, there has been rapid growth in the adoption of IEDs over the last few years, owing to an extensive range of their utilizations in substation automation such as collector converter, transmission, distribution, and switching in multiple end-use industries.
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The global Intelligent Electronic Device Market report offers an estimated market growth of the industry. A comprehensive analysis of the global market report comprises market dynamics like market drivers, restraints, and chances before the business. In addition, the research report contains opportunities within the Intelligent Electronic Device market at worldwide and national rates. The businesses operating across the global regions profiling can also be incorporated in the study report. Small business strategies and key developments adopted by global businesses will also be elucidated in this research report.
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This report covers the present status and future potential for the Intelligent Electronic Devices market segment and measures till 2027. Market overview, development and segments by type, application, and region. Worldwide market by organization, type, application and region. This report begins with an overview of modern chain structures and depicts the upstream. The report also examines the Intelligent Electronic Devices market patterns, sizes, and estimates across different geology, type and end-use sections.
Leading players involved in the Intelligent Electronic Devices Market includes:
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 geographies analyzed under this Intelligent Electronic Devices Market report are:
- North America
- Asia Pacific
- Europe Middle East & Africa
- Latin America
The analysis also divides the Intelligent Electronic Devices Market on the Type:
Digital Relay, Protective Relaying Device, Circuit Breaker Controller, On-Load Tap Changer Controller, Capacitor Bank Switch, Recloser Controller, Voltage Regulator, And Others
The analysis also divides the Intelligent Electronic Devices Market on the Applications:
Water Supply & Management System, Mass Transit System, Traction Signaling & Control System, Automation & Condition Monitoring
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The report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategy and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment to the emerging segment of the global Intelligent Electronic Devices market in the near future.
Key Questions Answered in The Report:
- What will the Intelligent Electronic Devices market growth rate?
- What are the key factors driving the global Intelligent Electronic Devices Market Size?
- Who are the Top key manufacturers in Intelligent Electronic Devices market space?
- What are the market opportunities, market risk and market overview of the Intelligent Electronic Devices Industry?
- What are sales, revenue, and price analysis of top manufacturers Intelligent Electronic Devices market?
- Who are the distributors, traders and dealers of Intelligent Electronic Devices market?
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The purpose of this report is to present a comprehensive assessment of the market, including thoughtful insights, facts, historical data, industry-validated market data and forecasts, along with appropriate assumptions and methodologies. The report also helps in understanding global Intelligent Electronic Devices market dynamics, structure by identifying and analyzing market segments and forecasting the global market size.
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