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The Intelligent Electronic Device (IED) market is a subset of the electrical engineering industry. It is composed of a variety of products and services that are designed to improve the efficiency and safety of electrical systems. IEDs are used in a wide range of applications, from industrial automation to consumer electronics. They are typically composed of a combination of hardware, software, and communication protocols.
IEDs are used to monitor, control, and protect electrical systems. They can detect faults, provide feedback on system performance, and provide data for analysis and decision-making. IEDs are also used to automate processes, such as controlling the flow of electricity, and to provide remote access to systems.
Some of the major players in the IED market include ABB, Siemens, Schneider Electric, Rockwell Automation, and Honeywell. These companies provide a range of products and services, including IEDs, software, and engineering services. They also offer a variety of solutions for industrial automation, energy management, and other applications. Show Less Read more