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 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
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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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