IED Market

IED Market Research Report By Forecast 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)

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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.

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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.

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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
Market.
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
Market.

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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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