![]() Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe).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. The market in the Asia Pacific is primarily turned by raised investments in the modernization of infrastructure and the continuously growing urban population in the region, especially in emerging countries such as China and India. ![]() ![]() The Asia Pacific region is expected to dominate the market during the forecast period. Regional Analysis of the Intelligent Electronic Devices Market: In terms of revenue, the automotive segment registered for a maximum market share and is anticipated to expand at a significant CAGR during the forecast period.īy Application, the global intelligent electronic devices market has been classified into water supply & and management systems, mass transit systems, traction signaling & and control systems, and automation & and condition monitoring. Segmentation Analysis of the Intelligent Electronic Devices Market:īy Industry Vertical, the intelligent electronic devices market has been classified into food & and beverage, oil & and gas, automotive, energy & and power, pharmaceutical, chemicals & and others. ![]() Intelligent electronic devices play a significant role in the application of IoT technology such as in decreasing faults and executing automation. The increase in demand for smart devices that can produce optimal and highly authentic results is also a lucrative opportunity for the intelligent electronic devices market growth. The increased number of IoT applications such as smart cities, homes & and grids, and other industries has helped to grow the number of possibilities. Growing Automation of Industrial Processes In addition, growing requirements for substation automation solutions in the solar industry and rising demand for the rebuilding of conventional substations are probably to influence the market in the upcoming years. Constantly growing efforts to overcome T&D losses and high application of IEDs such as capacitor bank switches, control circuit breakers, and voltage regulators for power fault detection in multiple industrial processes are anticipated to turn the global intelligent electronic devices market during the forecast period. Growing Requirements for Substation Automation Solutions in The Solar IndustryĪn intelligent electronic device (IED) is a device that is added to an industrial control system to allow advanced power automation. Market Dynamics and Factors for Intelligent Electronic Devices Market: However, these market analyses help in understanding market growth at both global and regional levels.įor market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others. The report summarizes all the information collected and serves the customer's requirements. Get an Exclusive Sample Of Intelligent Electronic Devices Market Report At This Link (Get The Higher Preference For Corporate Email ID): Top Key Players in the Intelligent Electronic Devices Market:ĪBB 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. 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.Ī typical IED can hold around 5-12 protection functions, 5-8 control functions managing separate devices, self-monitoring functions, communication functions, and others. An Intelligent Electronic Device (IED) is a term applied in the electric power industry to represent microprocessor-based controllers of power system equipment.
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