IED Market 2021-2027

New Study Reports "IED Market 2021 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2027" has been Added on MarketResearchFuture.

Market Overview

In the past few years, The primary focus of the report is on the status, demand, future opportunity, forecast period, and growth opportunity. Moreover, the survey report focuses on the development, manufacturing companies, key market, investors, and the cost capital. The objective of the study of the IED Market gives a proper idea of the market present scenario so that each and every enterprise or manufacturer will not experience the issues that occur due to the lack of information.

The study objectives of this report are continuously involved in the research of the profile of key players that are established in recent times to keep the record updated. To keep the growth rate very smooth and stable, the research team carefully go through the manufacturing company’s strategy & planning of development and then analyze them for growth opportunity.

The professional study and research report consider the growth that is estimated according to the market size every year.

Intelligent electronic device is a critical component of substation automation system. These devices facilitate advanced power automation and detection of abnormal operating states and faults of the power system equipment. Increasing need for substation automation solutions in renewable energy projects such as solar and wind projects and rising need for retrofitting of conventional substations is expected to boost up the demand for IED Market. These devices are used for various functions such as power monitoring, control, metering, and communications.

Key Players

The report has profiled some of the Important players prevalent in the global like – The key players in the IED Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – ABB Ltd. (Switzerland), Schneider Electric (France), Siemens AG (Germany), Cisco Systems, Inc. (U.S.), General Electric (U.S.), Eaton Corporation Plc (Ireland), Honeywell International, Inc. (U.S.), Schweitzer Engineering Laboratories, Inc. (U.S.), NovaTech LLC (U.S.), and Crompton Greaves (India). These players contribute a major share in the growth of IED Market.

Apart from the top key players, there are other players that contribute to the market growth. These include Larsen & Toubro Limited (India), Texas Instruments (U.S.), Toshiba Corporation (Japan), Ametek (U.S.) and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Intelligent Electronic Devices.

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Regional Analysis

The global market for intelligent electronic devices is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of IED Market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, North America is the leading region in IED Market. Factors such as increase in investment in smart grid projects and demand for low-cost solutions for substation automation in the solar industry is boosting up the demand for IED Market in this region.

Asia-Pacific region is expected to grow at a significant CAGR during the forecast period as it has immense potential for growth in this market due to several factors such as smart city initiatives and increasing government investments in this region. Rising number of renewable energy projects coupled with increasing government initiatives in the energy and power sector are the prime reasons for the demand for IED Market. Europe is also expected to contribute significantly to the growth of IED Market during the forecast period.

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