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 Device (IED) is a term used in the electric power industry to refer to microprocessor-based device controls for power systems. The IED receives data from sensors and power devices and can issue control commands, e.g. a trip switch when it detects abnormal voltage, current or frequency, or when the voltage level rises/falls to maintain the desired level. A typical IED can have about 5-12 protection functions, 5-8 control functions to manage separate devices, self-supervision functions, communication functions and so on.
Therefore, they are referred to as Smart Electronic Devices. Several IEDs have recently been developed to support the IEC61850 standard for substation automation and provide better interoperability and communication capabilities. Most countries in the world are trying to increase electricity generation to support increased industrialization and urbanization. This factor has greatly contributed to increase the installation of substations to power various remote areas of the country. Substations are used to increase current and voltage or, conversely, to transmit electricity over long distances.
Download a Free Sample Copy of the Market Report: -
https://introspectivemarketresearch.com/request/13263
The Major Players in The Global 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
Market has segmented the Global Intelligent Electronic Devices Market on the basis of type, application, and region:
By Type :
- Digital Relay
- Protective Relaying Device
- Circuit Breaker Controller
- Load Tap Changer Controller
- Voltage Regulator
- Others
By Application :
- Water Supply & Management System
- Mass Transit System
- Traction Signaling & Control System
- Automation & Condition Monitoring
By Regional Outlook (Revenue, USD Billion, 2022 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
If You Have Any Query of Global Intelligent Electronic Devices Market, Visit.@
https://introspectivemarketresearch.com/request/13263
Covid-19 Impact and Recovery Analysis on Industry:
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.
Reasons to purchase the report:
- Visualize the composition of the Global Intelligent Electronic Devices Market products in terms of Product and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the Global Intelligent Electronic Devices Market by analyzing trends and co-development deals.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
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
To be continued…….
Purchase This Report:-
https://introspectivemarketresearch.com/checkout/?user=1&_sid=13263
Related Reports:
https://introspectivemarketresearch.com/company-profiles/mars-inc-company-overview/ https://introspectivemarketresearch.com/company-profiles/assa-abloy-group-company-overview/ https://introspectivemarketresearch.com/company-profiles/air-products-company-overview/
About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Ph no: +1-773-382-1047
Email : sales@introspectivemarketresearch.com