IED Market


IED Market by Type (Protective Relaying Device, On-Load Tap Changer Controller, Circuit Breaker Controller, Capacitor Bank Switch, Recloser Controller, Voltage Regulator, Digital Relay, Others), by Application (Mass Transit System, Traction Signaling & Control System, Water Supply & Management System, Automation, and Condition Monitoring), by Vertical (Oil & Gas, Food & Beverage, Automotive, Energy & Power, Pharmaceutical, Chemicals, Others), — Global Forecast till 2023

IED Market Research Report By Forecast 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023


Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


IED Market Forecast To 2023

IED Market Forecast To 2023

• Market Research Future (MRFR), in its revised “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 IED Market value was recorded at USD 10.55 Bn. MRFR study estimates the

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 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 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.


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 IED Market Forecast To 2023”

• Automation and hyper-automation trends are providing 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.


IED Market Forecast To 2023

Global IED Market Segmented on the basis of

The 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 IED


Mass transit system, water supply & management system, traction signaling and control system, condition

monitoring, and automation are the application-based segments of the 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 IED Market. The oil & gas industry can produce substantial revenue for the global IED



IED Market Forecast To 2023

Global IED Market - Geographical Analysis

• The growing installation of intelligent power grid across industries can impel the 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 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 end-users of intelligent electronic devices. These are expected

to propel the growth of the APAC 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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IED Market Forecast To 2023

Global IED Market - Competitive Analysis

• The key players of the global 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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