Intelligent Electronic Devices market 2021-2027
New Research Report “Intelligent Electronic Devices market, Industrial Analysis, Market Dynamics, Growth Analysis, Regional Analysis, Size, Share, and Forecast 2021- 2027”.
The study of market analysis of the Intelligent Electronic Devices market focuses on the key elements and the market dynamics of a specific market within that industry. Global Intelligent Electronic Devices market study is an essential part of the industry analysis that focuses on the aspects associated with the SWOT analysis. The survey report analyses the elements, such as the strengths, weaknesses, opportunities, and threats of every individual manufacturing company.
The global intelligent electronic devices market was valued at USD 10.55 billion in 2017 and is expected to reach USD 19.39 billion by the end of forecast period with a CAGR of 11.04%.
With the help of the Global Intelligent Electronic Devices Market Report analysis, every new or established manufacturer can gain knowledge about the business strategies and planning by the significant key marketers who are having a strong base. The documentation is prepared by investigating the company’s activities related to their planning, decision making, purchase, capital investment, innovation, workforce, business expansion strategy, facility expansion, promotional activities, and many other aspects of a company.
Market Dynamics of Global Intelligent Electronic Devices market
The rising awareness among the global population for the product benefit tends to increase the production of a product of the Global Intelligent Electronic Devices market in a positive way. The manufacturers are hopeful about the possibilities of their market growth. And the analyst is also prepared the report by predicting the high growth rate than the recent rate of growth. A wide range of market players is the vital factor to gain the attraction of the larger buyers, as well as the regional market, existed across the globe.
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 Global Intelligent Electronic Devices market. These devices are used for various functions such as power monitoring, control, metering, and communications.
The report has profiled some of the Important players prevalent in the global like – The key players in the Global Intelligent Electronic Devices 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 Global Intelligent Electronic Devices 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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By type, the market is segmented into protective relaying device, on-load tap changer controller, circuit breaker controller, capacitor bank switch, recloser controller, voltage regulator, digital relay and others.
By application, the market is segmented into mass transit system, traction signaling & control system, water supply & management system, automation, and condition monitoring. The automation segment was the leading segment in the 2017 and is expected to continue its dominance throughout the forecast period.
By vertical, intelligent electronic devices market is segmented into oil & gas, food & beverage, automotive, energy & power, pharmaceutical, chemicals, and others. Under the vertical segment, oil & gas industry is expected to generate significant revenue share in the intelligent electronic devices market.
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 Global Intelligent Electronic Devices 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 Global 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 Global Intelligent Electronic Devices 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 Global Intelligent Electronic Devices market. Europe is also expected to contribute significantly to the growth of Global Intelligent Electronic Devices market during the forecast period.
Global Intelligent Electronic Devices Market Manufacturers
Global Intelligent Electronic Devices market Distributors/Traders/Wholesalers
Global Intelligent Electronic Devices market Subcomponent Manufacturers
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Major Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
2.1 Definition 15
2.2 Scope of The Study 15
2.3 Market Structure 15
2.4 List of Assumptions 16
3 Research Methodology
4 Market Dynamics
5 Global Intelligent Electronic Devices market, By Component
6 Global Intelligent Electronic Devices market, by Technology
7 Global Intelligent Electronic Devices market, by Application
8 Global Intelligent Electronic Devices market, By Industry
9 Global Intelligent Electronic Devices market, By Region
10 Competitive Landscape
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