Intelligent Electronic Devices market - Opportunities and forecast, 2018-2025

Posted September 21, 2020 by shaqibakram

IEDs play an important role in automation of substations and efficient monitoring of power delivery systems.

An Intelligent Electronic Device (IED) is a microprocessor-based controller of power system equipment, such as circuit breakers, transformers and capacitor banks. IED term is used in the electric power industry to describe these devices. These devices receive data from the sensors and power equipment and issue control commands, such as tripping circuit breakers if they sense high/low voltage, current, or any frequency anomalies, and raise/lower voltage levels in order to maintain the desired level. IEDs facilitates advanced power automation and it detects any abnormal operating states and faults of the power system.

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IEDs play an important role in automation of substations and efficient monitoring of power delivery systems. IEDs are used in the power system to define devices that have electrical protection and monitoring functions. In recent past there has been significant rise in the adoption of IEDs, because of their broad range of applications such as transmission, distribution, collector converter, and switching in multiple end-use industries. The recent advancements in IoT has helped in major applications areas of IEDs such as smart homes, smart grids, and smart cities. IEDs such as PLCs, smart meters, and digital relays are optimal for use in substations because of their small size these all are the trends and driving factors in the IED market. However, there are some restraining factors and challenges faced by this market such as high maintenance associated with IEDs and lack of standard protocol for the interrogation of the substation devices will hamper the market.

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The main players in this market are ABB, Schneider Electric, Siemens, Amperion, BPL Global, Cisco Systems, EATON, Grid Net, Honeywell, Infrax Systems, Itron, Landis+GYR, Nova Tech, Open Systems, Rockwell Automation, S&C Electric, Schweitzer Engg. Lab, Silver Spring Networks, Subnet Solutions, etc.

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Global Intelligent Electronic Devices Market has been segmented on the basis of type, application, end user and region. Based on the type it is segmented as Digital relays, PLC, Load tap controller, Recloser, Smart meter, Circuit breaker and Others. Based on application it is segmented as Mass Transit System, Traction Signalling & Control System, Water Supply & Management System, Automation, Condition Monitoring. On the basis of end user market is segmented as Automotive, Pharmaceutical, Oil & Gas, Petrochemical, Health Care, Food & Beverages, Energy & Power, Water & Wastewater Treatment and Others. The region in focus is entire world market. The report highlights the main market drivers fuelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Intelligent electronic devices in global market. The competitive landscape section of the report captures and highlights the recent developments within the market.

Key questions answered in this research report:

At what pace is Global Intelligent Electronic Devices market growing? What will be growth trend in future?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in Intelligent Electronic Devices market?
What are the various application areas and how they are poised to grow?

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Last Updated September 21, 2020