Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Intelligent Electronic Devices Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Intelligent
Electronic Devices Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Intelligent Electronic Devices Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Intelligent
Electronic Devices Market is offered. In
accordance with the report, the global Intelligent Electronic Devices Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Intelligent
Electronic Devices (IEDs) are microprocessor-based integrated controllers of
apparatus in the power system in the context of electric power industry. The
power system apparatus includes capacitor banks, transformers and circuit
breakers. IEDs collects information from power equipment and sensors and can
deliver control commands which include tripping circuit breakers if they assume
voltage or frequency anomalies. In order to balance in the required voltage
level, they can make variations in their tap position.
Market Drivers
Intelligent
electronic devices are basically advanced technical products. With rapid
modernization and the technological upgradation, the initial impetus for the
intelligent electronic devices market is been given. The electronic sector is
constantly evolving and finding application in various sectors. The
digitalization of the power and energy sector is driving this market.
The
development of “smart everything” including smart phones, smart homes, and
smart cities are charging the growth of this market. The application of
Internet of Things (IoT) in the diversified sector that can be generalized into
commercial and industrial sector is driving the growth of the intelligent
electronic devices market.
The
structural development of various smart grid projects across the globe coupled
with the budget approval, public-private partnerships, and various others
incentives provided by the governments of different nations are accelerating
the growth of this sector.
IEDs
perform a variety of functions. It informs power fault events in the occurrence
of system failures. It is a crucial part of the system of substation
automation. Other functions like metering, controlling, monitoring and
communications are also performed by IEDs. The use of this devices reduces the
involvement of human capital. The functioning capabilities serve the end-users
and propels the market to move ahead.
The
requirement of proper distributional channel that could perform in unfavorable
environments and also occupies less floor space is gaining momentum because of
rapid urbanization and industrialization at a lightening pace and fueling the
growth of this market.
Market Restraints
Huge
capital investment requirement for substations and IEDs are impeding the growth
of this market. Moreover, the immoderate expenditure on maintenance and
operational activities are further straining this market growth prospects.
The
storage of information in this sector is risky. The soaring number of cyber
crimes and hacking are hampering the growth of this market.
Technology-based
things like IEDs are dynamic in nature are requires constant upgradation. The
regularity of updating IED systems are restraining the growth of this market.
The
investigation of substation equipment lacks standardized protocols that
negatively affects this market.
Opportunities
The
undertaking of various projects like smart cities and the provisioning of the
governments and their incentives on a worldwide basis is likely to provide
lucrative opportunities to this market.
The
spurring projects on renewable energy and the governments support to these
projects are good scopes for this market.
The
evolution of technology and its application in intelligent electronic devices
is a bankable opportunity for this market.
Trends
The
market for intelligent electronic devices is likely to show progress in the
forecast period. North America is expected to show dominant market growth due
to rising investment in power grid development, soaring demand for substation
automation of reasonable prices in the solar power industry and increasing
awareness among the people. Asia Pacific is expected to project significant
growth because of the adoption of renewable sources of energy and its
development, the favorable initiatives taken by the government to sustain the
evolution of the power sector, the economic development in these emerging
regions.
Segment Covered:
This market
intelligence report on the global Intelligent Electronic Devices Market encompasses market segments based on product type,
application type, end user and country.
By
Product Type the global Intelligent Electronic Devices Market has been divided
into:
q Circuit
Breaker
q Smart
Meters
q Recloser
q Load
Tap Controller
q PLC
q Digital
Relays
By Application Type the global Intelligent
Electronic Devices Market has been divided into:
q Condition
Monitoring
q Automation
q Water
Supply & Management System
q Traction
Signalling & Control System
q Mass
Transit System
By End
User the global Intelligent Electronic Devices Market has been divided into:
q Water
& Wastewater System
q Energy
& Power
q Food
& Beverages
q Healthcare
q Petrochemical
q Oil
& Gas
q Pharmaceutical
q Automotive
By country/region,
the global Intelligent Electronic Devices Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Leuze
Electronic
q Eaton
Corporation
q Honeywell
International
q ABB
q Siemens
AG
q Cisco
Systems
q Crompton
Greaves
q NovaTech
LLC
q General
Electric
q Schneider
Electric
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Intelligent Electronic Devices Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Leuze Electronic
A brand-new
smart core cable was launched by Leuze Electronic in February 2019. This
product assists in the management of industry 4.0 applications. It is
specifically applied in mobile cables such as moving cables, welding robots and
many more.
Eaton Corporation
In July 2017,
the introduction of ASV60 Steering Valve was announced by Eaton Corporation. It
made lesser cabin noise, more machine flexibility and intelligence.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Intelligent Electronic
Devices Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Intelligent Electronic Devices Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Intelligent Electronic Devices caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Intelligent
Electronic Devices Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Intelligent Electronic Devices Market
v
Identification
of key factors driving investment opportunities in the Intelligent
Electronic Devices Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants