Market Highlights
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 intelligent electronic devices market. These devices are used for various functions such as power monitoring, control, metering, and communications.
Regional Analysis
The global market for IED market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of intelligent electronic devices industry 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 intelligent electronic devices 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 intelligent electronic devices market in this region.
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Which Top Market Participants are Consider for the highest Intelligent Electronic Devices market share?
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).
Which segment will provide the most chance for Intelligent Electronic Devices Market growth till 2027?
The global Industry segmented into Intelligent Electronic Devices Market Size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Intelligent Electronic Devices. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage Intelligent Electronic Devices. Intelligent Electronic Devices are used in various industries such as oil and gas, mining, transportation, and power utilities.
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Apart from the uses and features, the global Intelligent Electronic Devices market faces challenges from vendor dependency, security issues, and other factors, which has restrained the global Intelligent Electronic Devices market growth. This file offers a complete outlook on the opposition, opportunities, drivers restraints, and other factors affecting the neighborhood and global serverless architecture marketplace. The worldwide market is anticipated to sign in approximately 25 % annual growth in this era.
Intelligent Electronic Devices Market By Geography
Asia pacific
Europe
North America
The Middle East and Africa
Latin America
Market Segmentation
Intelligent Electronic Devices Market Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
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Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL Intelligent Electronic Devices MARKET, BY COMPONENT
1.2 GLOBAL Intelligent Electronic Devices MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL Intelligent Electronic Devices MARKET, BY DEPLOYMENT
1.4 GLOBAL Intelligent Electronic Devices MARKET, BY END-USERS
1.5 GLOBAL Intelligent Electronic Devices MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
Continued…
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