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Intelligent Electronic Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 144 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5633224
Description Jump to:
The global intelligent electronic devices market size reached US$ 11.2 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 18.9 Billion by 2028, exhibiting a growth rate (CAGR) of 9.3% during 2023-2028.

An intelligent electronic device (IED) is used in industrial control systems (ICS) to enable automation of power systems. It is equipped with a human-machine interface (HMI) software for testing, commissioning, and performing fault analysis and real-time synchronization of event reporting. It monitors self and external circuits, performs advanced local control intelligence and provides remote, local and substation data acquisition for use in network analysis. Consequently, it finds applications in a number of industries including automotive, energy and power, oil & gas, chemicals & petrochemicals, healthcare, food and beverage (F&B), and water and wastewater treatment industries.

Intelligent Electronic Devices Market Trends:

The increasing automation in industrial processes represents one of the key factors impelling the global IEDs market growth. Moreover, the rising need to reduce transmission and power distribution (T&D) losses, along with the growing instances of fluctuation and outages in power lines, is driving the market. Apart from this, the increasing trend of substation automation in solar power systems, in confluence with the escalating demand for renewable energy sources, is contributing to the market growth. Furthermore, governments of several countries are focusing on the installation of smart meters in every household, which is positively influencing the demand for IEDs as they facilitate power automation with optimal capital assets and minimal human intervention.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global intelligent electronic devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end use industry.

Breakup by Type:

  • Digital Relay
  • Voltage Regulator
  • Protection Relay
  • Circuit Breaker
  • Load Tap Changer
  • Recloser Controller
  • Capacitor Bank Switch
  • Others

Breakup by End Use Industry:

  • Automotive
  • Healthcare
  • Oil and Gas
  • Petrochemical
  • Chemical
  • Food and Beverages
  • Energy and Power
  • Waste and Wastewater Treatment
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being 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, Schneider Electric S.E., Siemens Aktiengesellschaft, Toshiba Corporation and Trilliant Networks Inc.

Key Questions Answered in This Report

1. What was the size of the global intelligent electronic devices market in 2022?
2. What is the expected growth rate of the global intelligent electronic devices market during 2023-2028?
3. What has been the impact of COVID-19 on the global intelligent electronic devices market?
4. What are the key factors driving the global intelligent electronic devices market?
5. What is the breakup of the global intelligent electronic devices market based on the type?
6. What is the breakup of the global intelligent electronic devices market based on the end use industry?
7. What are the key regions in the global intelligent electronic devices market?
8. Who are the key players/companies in the global intelligent electronic devices market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Intelligent Electronic Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Digital Relay
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Voltage Regulator
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Protection Relay
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Circuit Breaker
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Load Tap Changer
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Recloser Controller
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Capacitor Bank Switch
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by End Use Industry
7.1 Automotive
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Healthcare
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Oil and Gas
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Petrochemical
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Chemical
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Food and Beverages
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Energy and Power
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Waste and Wastewater Treatment
7.8.1 Market Trends
7.8.2 Market Forecast
7.9 Others
7.9.1 Market Trends
7.9.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 ABB Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Black & Veatch Corporation
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 SWOT Analysis
13.3.3 Cisco Systems Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 CG Power and Industrial Solutions Limited (Avantha Group)
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Eaton Corporation Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Honeywell International Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Landis Gyr Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Open Systems International Inc.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Rockwell Automation Inc.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 S & C Electric Company
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.11 Schneider Electric S.E.
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12 Siemens Aktiengesellschaft
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.12.4 SWOT Analysis
13.3.13 Toshiba Corporation
13.3.13.1 Company Overview
13.3.13.2 Product Portfolio
13.3.13.3 Financials
13.3.13.4 SWOT Analysis
13.3.14 Trilliant Networks Inc.
13.3.14.1 Company Overview
13.3.14.2 Product Portfolio
13.3.14.3 SWOT Analysis
List of Figures
Figure 1: Global: Intelligent Electronic Devices Market: Major Drivers and Challenges
Figure 2: Global: Intelligent Electronic Devices Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Intelligent Electronic Devices Market: Breakup by Type (in %), 2022
Figure 4: Global: Intelligent Electronic Devices Market: Breakup by End Use Industry (in %), 2022
Figure 5: Global: Intelligent Electronic Devices Market: Breakup by Region (in %), 2022
Figure 6: Global: Intelligent Electronic Devices Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Intelligent Electronic Devices (Digital Relay) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Intelligent Electronic Devices (Digital Relay) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Intelligent Electronic Devices (Voltage Regulator) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Intelligent Electronic Devices (Voltage Regulator) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Intelligent Electronic Devices (Protection Relay) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Intelligent Electronic Devices (Protection Relay) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Intelligent Electronic Devices (Circuit Breaker) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Intelligent Electronic Devices (Circuit Breaker) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Intelligent Electronic Devices (Load Tap Changer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Intelligent Electronic Devices (Load Tap Changer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Intelligent Electronic Devices (Recloser Controller) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Intelligent Electronic Devices (Recloser Controller) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Intelligent Electronic Devices (Capacitor Bank Switch) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Intelligent Electronic Devices (Capacitor Bank Switch) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Intelligent Electronic Devices (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Intelligent Electronic Devices (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Intelligent Electronic Devices (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Intelligent Electronic Devices (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Intelligent Electronic Devices (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Intelligent Electronic Devices (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Intelligent Electronic Devices (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Intelligent Electronic Devices (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Intelligent Electronic Devices (Petrochemical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Intelligent Electronic Devices (Petrochemical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Intelligent Electronic Devices (Chemical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Intelligent Electronic Devices (Chemical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Intelligent Electronic Devices (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Intelligent Electronic Devices (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Intelligent Electronic Devices (Energy and Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Intelligent Electronic Devices (Energy and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Intelligent Electronic Devices (Waste and Wastewater Treatment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Intelligent Electronic Devices (Waste and Wastewater Treatment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Intelligent Electronic Devices (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Intelligent Electronic Devices (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia Pacific: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia Pacific: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: China: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: China: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Japan: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Japan: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: South Korea: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: South Korea: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Australia: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Australia: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Indonesia: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Indonesia: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Germany: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Germany: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: France: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: France: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: United Kingdom: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: United Kingdom: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Italy: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Italy: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Spain: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Spain: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Russia: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Russia: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Latin America: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Brazil: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Brazil: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Mexico: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Mexico: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Middle East and Africa: Intelligent Electronic Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Middle East and Africa: Intelligent Electronic Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Global: Intelligent Electronic Devices Industry: SWOT Analysis
Figure 90: Global: Intelligent Electronic Devices Industry: Value Chain Analysis
Figure 91: Global: Intelligent Electronic Devices Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Intelligent Electronic Devices Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Intelligent Electronic Devices Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Intelligent Electronic Devices Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 4: Global: Intelligent Electronic Devices Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Intelligent Electronic Devices Market: Competitive Structure
Table 6: Global: Intelligent Electronic Devices Market: Key Players

Companies Mentioned

  • ABB Ltd.
  • Black & Veatch Corporation
  • Cisco Systems Inc.
  • CG Power
  • 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
  • Schneider Electric S.E.
  • Siemens Aktiengesellschaft
  • Toshiba Corporation and Trilliant Networks Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages144
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 11.2 Billion
Forecasted Market Value ( USD ) by 2028 $ 18.9 Billion
Compound Annual Growth Rate9.1%
Regions CoveredGlobal
No. of Companies Mentioned14

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