intelligent electronic devices (ied) market

intelligent electronic devices (ied) market
Research Report By Forecast 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
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(Part of Wantstats Research & Media Pvt. Ltd.)

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intelligent electronic devices (ied) market Forecast To 2023
intelligent electronic devices (ied) market Forecast To 2023
• Market Research Future (MRFR), in its revised “intelligent electronic devices (ied) market” report,
states that the global market of intelligent electronic devices (IED) can expand at 9.04% CAGR across
the assessment period (2017 to 2023). In 2017, the intelligent electronic devices (ied) market value
was recorded at USD 10.55 Bn. MRFR study estimates the intelligent electronic devices (ied) market
to value at USD 17.09 Bn by 2023 due to the rise in smart grid requirement.
• The growth of the semiconductor industry is observed to impact the global intelligent electronic
devices (ied) market positively. Renowned companies dealing in semiconductors are investing
adequately in the development and modification of microsensors. They are extensively used in
intelligent electronic devices, such as transformers, capacitor banks, and circuit breakers. The
growing demand for smart electronic devices products is providing impetus to intelligent electronic
devices (ied) marketers to boost their production capacity. Thus, companies are taking the
necessary steps to do the needful. This can spur the growth of the market in the years to come.

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intelligent electronic devices (ied) market Forecast To 2023
“Taste the market data and market information presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content
TOC & market synopsis on intelligent electronic devices (ied) market Forecast To 2023”
• Automation and hyper-automation trends are providing intelligent electronic devices (ied)
marketers to gain a firm foothold amidst other emerging companies. intelligent electronic devices
are also proving their efficacy in powering next-generation technologies. IEDs have internal
monitoring mechanism. They also hold metering values. They can efficiently control logic and
functions. These benefits of IEDs causing a hike in their sales can bolster the market growth in the
review period.

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intelligent electronic devices (ied) market Forecast To 2023
Global intelligent electronic devices (ied) market Segmented on the basis of
The intelligent electronic devices (ied) market studied by application, vertical, and type.
Protective relaying device, circuit breaker controller, on-load tap changer controller, recloser controller,
capacitor bank switch, digital relay, voltage regulator, and others are type-based segments of the
intelligent electronic devices (ied) market.
Mass transit system, water supply & management system, traction signaling and control system, condition
monitoring, and automation are the application-based segments of the intelligent electronic devices (ied)
market. The automation segment can cash-in on hyper-automation trending across industries.
Food & beverage, oil & gas, pharmaceutical, automotive, energy & power, chemicals, and others are
segments of the intelligent electronic devices (ied) market. The oil & gas industry can produce substantial
revenue for the global intelligent electronic devices (ied) market.

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intelligent electronic devices (ied) market Forecast To 2023
Global intelligent electronic devices (ied) market - Geographical Analysis
• The growing installation of intelligent power grid across industries can impel the intelligent electronic devices
(ied) market growth in North America. Governments are also investing in smart power grid production, as
demand rise. The easy accessibility of automation solutions can bolster the regional intelligent electronic
devices (ied) market growth. Europe houses several proficient intelligent electronic devices developers, which
can encourage the expansion of the regional market. In APAC, China is popularly known for the production of
solar panels. Other countries, such as Japan and India host reputed automakers, those are well-known endusers
of intelligent electronic devices. These are expected to propel the growth of the APAC intelligent
electronic devices (ied) market. In addition, the crisis of fossil fuel and an increase in the consumption of
electricity can prompt the expansion of the regional market.
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intelligent electronic devices (ied) market Forecast To 2023
Global intelligent electronic devices (ied) market - Competitive Analysis
• The key players of the global intelligent electronic devices (ied) market identified by MRFR are; Schneider Electric
(France), ABB Ltd. (Switzerland), Cisco Systems, Inc. (U.S.), Siemens AG (Germany), Eaton Corporation Plc (Ireland),
General Electric (U.S.), Honeywell International, Inc. (U.S.), NovaTech LLC (U.S.), Schweitzer Engineering
Laboratories, Inc. (U.S.), Crompton Greaves (India), Texas Instruments (U.S.), Larsen & Toubro Limited (India),
Toshiba Corporation (Japan), and Ametek (U.S.). These marketers were identified based on their origin, regional
franchises, key developments, industry expertise, and product diversification.
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