Title: Intelligent Electronic Devices Market - Forecast (2022 - 2027)
1Intelligent Electronic Devices Market Forecast
(2022 - 2027)
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- Intelligent Electronic Devices Market size is
analyzed to grow at a CAGR of 7.8 during the
forecast period 2022-2027 to reach 19.31 billion
by 2027. In the electric power industry, an
Intelligent Electronic Device (IED) is a word
used to designate microprocessor-based
controllers of power system equipment. - Intelligent Electronic Devices take data from
sensors and power equipment and can give control
commands such as tripping circuit breakers or
raising/lowering voltage levels to maintain the
desired level if they detect voltage, current, or
frequency anomalies.
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- Key Takeaways
- The Automation segment is expected to grow at the
fastest CAGR of 9.2 during the forecast period
2022-2027. This is owing to a growth in demand
for automation in different industries such as
healthcare, aerospace, defence, retail, and home
appliances. This market is expected to grow at a
rapid pace in the coming years. - During the forecast period 2022-2027, North
America is expected to grow at the fastest CAGR
of 11.3. Intelligent Electronic Devices are
crucial in the automation of substations and the
efficient monitoring of power delivery systems.
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By Distribution Channel- Segment Analysis By
Product, the Intelligent Electronic Devices
Market has been segmented into Protective
Relaying Device, On-Load Tap Changer Control,
Circuit Breaker Controller, Capacitor Bank
Switch, Reclose Controller, Voltage Regulator,
Digital Relay, Others. In 2021, the Digital Relay
segment accounted for the largest segment in the
Intelligent Electronic Devices market. This is
due to an increase in the number of defects
caused by power overloading. Voltage regulators
come after them. This is because they require
less maintenance and have a solid isolation line.
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- Intelligent Electronic Devices Market Industry
Outlook - ABB Ltd.,
- Black Veatch Corporation,
- Cisco Systems Inc.,
- CG Power and Industrial Solutions Limited
(Avantha Group), - Eaton Corporation Inc,
- Honeywell International Inc,
- Landis Gyr Inc.,
- Open Systems International Inc.,
- Rockwell Automation Inc.,
- S C Electric Company,
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Intelligent Electronic Devices Market -
Forecast (2022-2027) Learn More About the Report
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- Analyst Briefing
- Data Tables
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Contact (1) 970-236-3677
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