Intelligent Electronic Devices Global Market Pegged to Expand Robustly| IED Market Classification, Application, Industry Chain Overview, SWOT Analysis and Competitive Landscape To 2023

Intelligent Electronic Devices Global Market Pegged to Expand Robustly| IED Market Classification, Application, Industry Chain Overview, SWOT Analysis and Competitive Landscape To 2023

“”Intelligent Electronic Devices Market””
Global Intelligent Electronic Devices Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

Intelligent Electronic Devices Market Research Report 2020: Industry Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation 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

The global Intelligent Electronic Devices Market was valued at USD 10.55 billion in 2017 and is expected to reach USD 17.09 billion by the end of forecast period with a CAGR of 9.04%. 

The key players of the global intelligent electronic devices 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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Market Review

Market Research Future (MRFR), in its revised “Intelligent Electronic Devices 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 market value was recorded at USD 10.55 Bn. MRFR study estimates the intelligent electronic devices 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 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 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.

Automation and hyper-automation trends are providing intelligent electronic devices 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.

Intended Audience

  • Intelligent electronic devices manufacturers
  • SCADA solution providers
  • Communication network providers
  • Companies operating in the oil and gas, pharmaceutical, steel, mining, and other sectors
  • Consultancy and advisory firms
  • Governments
  • System integrators

Segmental Overview

The intelligent electronic devices 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 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 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 market. The oil & gas industry can produce substantial revenue for the global intelligent electronic devices market.

Regional Outlook

The growing installation of intelligent power grid across industries can impel the intelligent electronic devices 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 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 intelligent electronic devices 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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Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 Research Objectives
2.4 Markets Structure

3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power of Suppliers
4.2 Value Chain/supply Chain of Intelligent Electronic Devices

5 Market Landscape
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges

6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis

Continued………

List of Tables

Table 1 Intelligent Electronic Devices Market, by Region, 2018–2023
Table 2 North America: Intelligent Electronic Devices Market, by Country, 2018–2023
Table 3 Europe: Intelligent Electronic Devices Market, by Country, 2018–2023
Table 4 Asia-pacific: Intelligent Electronic Devices Market, by Country, 2018–2023
Table 5 Middle East & Africa: Intelligent Electronic Devices Market, by Country, 2018–2023
Table 6 Latin America: Intelligent Electronic Devices Market, by Country, 2018–2023
Table 7 Global Intelligent Electronic Devices Type Market, by Region, 2018–2023
Table 8 North America: Intelligent Electronic Devices Type Market, by Country, 2018–2023
Table 9 Europe: Intelligent Electronic Devices Type Market, by Country, 2018–2023

Continued…….

List of Figures

Figure 1 Global Intelligent Electronic Devices Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Intelligent Electronic Devices Market
Figure 4 Value Chain of Global Intelligent Electronic Devices Market
Figure 5 Share of Global Intelligent Electronic Devices Market in 2017, by Country (in %)
Figure 6 Global Intelligent Electronic Devices Market, 2018–2023
Figure 7 Global Intelligent Electronic Devices Market Size, by Type, 2017
Figure 8 Global Intelligent Electronic Devices Market Size, by Application, 2017

Continued…….

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