Intelligent Electronic Devices Market Research Report – Global Forecast till 2023

Intelligent Electronic Devices Market, by Type (Protective Relaying Device, On-Load Tap Changer Controller, Circuit Breaker Controller, Capacitor Bank Switch, Recloser Controller, Voltage Regulator, Digital Relay, Others), by Application (Mass Transit System, Traction Signaling & Control System, Water Supply & Management System, Automation, and Condition Monitoring), by Vertical (Oil & Gas, Food & Beverage, Automotive, Energy & Power, Pharmaceutical, Chemicals, Others), — Global Forecast till 2023

ID: MRFR/SEM/5921-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis


The global intelligent electronic devices market was valued at USD 10.55 billion in 2017 and is expected to reach USD 17.09 billion by the end of forecast period with a CAGR of 9.04%.


Growing number of smart grid initiatives across the globe is leading to implementation of a large number of intelligent electronic devices (IEDs). Intelligent electronic devices facilitate advanced power automation and detection of abnormal operating states and faults of the power system equipment. Intelligent electronic device is a critical component of substation automation system. These devices are used for various functions such as power monitoring, control, metering, and communications. These devices also provide power fault reporting in case of system failures. However, lack of standard protocol for interrogation of substation equipment is expected to hamper the growth of this market. Intelligent electronic devices have several benefits including optimization of capital assets and enhancing operations with minimal human intervention.


Segmentation


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.


Regional analysis


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 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 expected to dominate the intelligent electronic devices market. Factors such as upsurge 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.


Asia-Pacific region has immense potential for growth in this market and is expected to grow at a significant CAGR during the forecast period. 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 intelligent electronic devices market. Europe is also expected to contribute significantly to the growth of Intelligent electronic devices market during the forecast period.


Global Intelligent Electronic Devices Market, USD Billion


Intelligent Electronic Devices Market


Source: MRFR Analysis


The global intelligent electronic devices market was valued at USD 10.55 billion in 2017 and is expected to reach USD 17.09 billion by the end of forecast period with a CAGR of 9.04%.


Key players


The key players in the 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 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 others.


Intended Audience



  • Intelligent electronic devices manufacturers

  • SCADA solution providers

  • Communication network providers

  • Companies operating in the oil and gas, pharmaceutical, steel, mining, and other sectors

  • Consultancy and advisory firms

  • Governments

  • System integrators



Frequently Asked Questions (FAQ) :


MRFR predicts, the worldwide market of intelligent electronic devices at 9.04%v CAGR can value at USD 17.09 Bn by 2023.

Schneider Electric (France), Cisco Systems, Inc. (U.S.), Siemens AG (Germany), Eaton Corporation Plc (Ireland), and General Electric (U.S.) are some commendable companies of the intelligent electronic devices market.

In 2017, the intelligent electronic devices market valued at USD 10.55 Bn.

The increase in smart grid utility can drive the intelligent electronic devices market growth.

Protective relaying device, circuit breaker controller, on-load tap changer controller, and capacitor bank switch are some of the types of intelligent electronic devices.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Research Objectives

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.1.5 Bargaining Power of Suppliers

4.2 Value Chain/Supply Chain of Intelligent Electronic Devices

5 Market Landscape

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7 Intelligent Electronic Devices Market by Type

7.1 Introduction

7.2 Protective Relaying Device

7.2.1 Market Estimates & Forecast, 2018–2023

7.2.2 Market Estimates & Forecast by Region, 2018–2023

7.3 On-Load Tap Changer Controller

7.3.1 Market Estimates & Forecast, 2018–2023

7.3.2 Market Estimates & Forecast by Region, 2018–2023

7.4 Circuit Breaker Controller

7.4.1 Market Estimates & Forecast, 2018–2023

7.4.2 Market Estimates & Forecast by Region, 2018–2023

7.5 Capacitor Bank Switch

7.5.1 Market Estimates & Forecast, 2018–2023

7.5.2 Market Estimates & Forecast by Region, 2018–2023

7.6 Recloser Controller

7.6.1 Market Estimates & Forecast, 2018–2023

7.6.2 Market Estimates & Forecast by Region, 2018–2023

7.7 Voltage Regulator

7.7.1 Market Estimates & Forecast, 2018–2023

7.7.2 Market Estimates & Forecast by Region, 2018–2023

7.8 Digital Relay

7.8.1 Market Estimates & Forecast, 2018–2023

7.8.2 Market Estimates & Forecast by Region, 2018–2023

7.9 Others

7.9.1 Market Estimates & Forecast, 2018–2023

7.9.2 Market Estimates & Forecast by Region, 2018–2023

8 Intelligent Electronic Devices Market by Application

8.1 Introduction

8.2 Mass Transit System

8.2.1 Market Estimates & Forecast, 2018–2023

8.2.2 Market Estimates & Forecast by Region, 2018–2023

8.3 Traction Signaling & Control System

8.3.1 Market Estimates & Forecast, 2018–2023

8.3.2 Market Estimates & Forecast by Region, 2018–2023

8.4 Water Supply & Management System

8.4.1 Market Estimates & Forecast, 2018–2023

8.4.2 Market Estimates & Forecast by Region, 2018–2023

8.5 Automation

8.5.1 Market Estimates & Forecast, 2018–2023

8.5.2 Market Estimates & Forecast by Region, 2018–2023

8.6 Condition Monitoring

8.6.1 Market Estimates & Forecast, 2018–2023

8.6.2 Market Estimates & Forecast by Region, 2018–2023

9 Intelligent Electronic Devices Market by Vertical

9.1 Introduction

9.2 Oil & Gas

9.2.1 Market Estimates & Forecast, 2018–2023

9.2.2 Market Estimates & Forecast by Region, 2018–2023

9.3 Food & Beverage

9.3.1 Market Estimates & Forecast, 2018–2023

9.3.2 Market Estimates & Forecast by Region, 2018–2023

9.4 Automotive

9.4.1 Market Estimates & Forecast, 2018–2023

9.4.2 Market Estimates & Forecast by Region, 2018–2023

9.5 Energy & Power

9.5.1 Market Estimates & Forecast, 2018–2023

9.5.2 Market Estimates & Forecast by Region, 2018–2023

9.6 Pharmaceutical

9.6.1 Market Estimates & Forecast, 2018–2023

9.6.2 Market Estimates & Forecast by Region, 2018–2023

9.7 Chemicals

9.7.1 Market Estimates & Forecast, 2018–2023

9.7.2 Market Estimates & Forecast by Region, 2018–2023

9.8 Others

9.8.1 Market Estimates & Forecast, 2018–2023

9.8.2 Market Estimates & Forecast by Region, 2018–2023
10 Intelligent Electronic Devices Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast by Country, 2018–2023

10.2.2 Market Estimates & Forecast by Type, 2018–2023

10.2.3 Market Estimates & Forecast by Application, 2018–2023

10.2.4 Market Estimates & Forecast by Vertical, 2018–2023

10.2.5 US

10.2.5.1 Market Estimates & Forecast by Type, 2018–2023

10.2.5.2 Market Estimates & Forecast by Application, 2018–2023

10.2.5.3 Market Estimates & Forecast by Vertical, 2018–2023

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast by Type, 2018–2023

10.2.6.2 Market Estimates & Forecast by Application, 2018–2023

10.2.6.3 Market Estimates & Forecast by Vertical, 2018–2023
10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast by Type, 2018–2023

10.2.7.2 Market Estimates & Forecast by Application, 2018–2023

10.2.7.3 Market Estimates & Forecast by Vertical, 2018–2023
10.3 Europe

10.3.1 Market Estimates & Forecast by Country, 2018–2023

10.3.2 Market Estimates & Forecast by Type, 2018–2023

10.3.3 Market Estimates & Forecast by Application, 2018–2023

10.3.4 Market Estimates & Forecast by Vertical, 2018–2023

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast by Type, 2018–2023

10.3.5.2 Market Estimates & Forecast by Application, 2018–2023

10.3.5.3 Market Estimates & Forecast by Vertical, 2018–2023

10.3.6 UK

10.3.6.1 Market Estimates & Forecast by Type, 2018–2023

10.3.6.2 Market Estimates & Forecast by Application, 2018–2023

10.3.6.3 Market Estimates & Forecast by Vertical, 2018–2023

10.3.7 France

10.3.7.1 Market Estimates & Forecast by Type, 2018–2023

10.3.7.2 Market Estimates & Forecast by Application, 2018–2023

10.3.7.3 Market Estimates & Forecast by Vertical, 2018–2023

10.3.8 Rest of Europe

10.3.8.1 Market Estimates & Forecast by Type, 2018–2023

10.3.8.2 Market Estimates & Forecast by Application, 2018–2023

10.3.8.3 Market Estimates & Forecast by Vertical, 2018–2023
10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast by Country, 2018–2023

10.4.2 Market Estimates & Forecast by Type, 2018–2023

10.4.3 Market Estimates & Forecast by Application, 2018–2023

10.4.4 Market Estimates & Forecast by Vertical, 2018–2023
10.4.5 China

10.4.5.1 Market Estimates & Forecast by Type, 2018–2023

10.4.5.2 Market Estimates & Forecast by Application, 2018–2023

10.4.5.3 Market Estimates & Forecast by Vertical, 2018–2023
10.4.6 India

10.4.6.1 Market Estimates & Forecast by Type, 2018–2023

10.4.6.2 Market Estimates & Forecast by Application, 2018–2023

10.4.6.3 Market Estimates & Forecast by Vertical, 2018–2023
10.4.7 Japan

10.4.7.1 Market Estimates & Forecast by Type, 2018–2023

10.4.7.2 Market Estimates & Forecast by Application, 2018–2023

10.4.7.3 Market Estimates & Forecast by Vertical, 2018–2023

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast by Type, 2018–2023

10.4.8.2 Market Estimates & Forecast by Application, 2018–2023

10.4.8.3 Market Estimates & Forecast by Vertical, 2018–2023
10.5 Rest of the World

10.5.1 Market Estimates & Forecast by Country, 2018–2023

10.5.2 Market Estimates & Forecast by Type, 2018–2023

10.5.3 Market Estimates & Forecast by Application, 2018–2023

10.5.4 Market Estimates & Forecast by Vertical, 2018–2023

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast by Type, 2018–2023

10.5.5.2 Market Estimates & Forecast by Application, 2018–2023

10.5.5.3 Market Estimates & Forecast by Vertical, 2018–2023

10.5.6 Latin America

10.5.6.1 Market Estimates & Forecast by Type, 2018–2023

10.5.6.2 Market Estimates & Forecast by Application, 2018–2023

10.5.6.3 Market Estimates & Forecast by Vertical, 2018–2023

11 Competitive Landscape

12 Company Profiles

12.1 ABB Ltd

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategy

12.2 Schneider Electric

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategy

12.3 Siemens AG

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategy

12.4 Cisco Systems, Inc.

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategy

12.5 General Electric

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategy

12.6 Eaton Corporation Plc

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategy

12.7 Honeywell International, Inc.

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategy

12.8 Schweitzer Engineering Laboratories, Inc.

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategy

12.9 NovaTech LLC

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategy

12.10 Crompton Greaves

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategy

13 Conclusion


LIST OF TABLES
Table 1 Intelligent Electronic Devices Market, by Region, 2018–2023

Table 2 North America: Intelligent Electronic Devices Market, by Country, 2018–2023

Table 3 Europe: Intelligent Electronic Devices Market, by Country, 2018–2023

Table 4 Asia-Pacific: Intelligent Electronic Devices Market, by Country, 2018–2023

Table 5 Middle East & Africa: Intelligent Electronic Devices Market, by Country, 2018–2023

Table 6 Latin America: Intelligent Electronic Devices Market, by Country, 2018–2023

Table 7 Global Intelligent Electronic Devices Type Market, by Region, 2018–2023

Table 8 North America: Intelligent Electronic Devices Type Market, by Country, 2018–2023

Table 9 Europe: Intelligent Electronic Devices Type Market, by Country, 2018–2023

Table 10 Asia-Pacific: Intelligent Electronic Devices Type Market, by Country, 2018–2023

Table 11 Middle East & Africa: Intelligent Electronic Devices Type Market, by Country, 2018–2023

Table 12 Latin America: Intelligent Electronic Devices Type Market, by Country, 2018–2023

Table 13 Global Intelligent Electronic Devices Application Market, by Region, 2018–2023

Table 14 North America: Intelligent Electronic Devices Application Market, by Country, 2018–2023

Table 15 Europe: Intelligent Electronic Devices Application Market, by Country, 2018–2023

Table 16 Asia-Pacific: Intelligent Electronic Devices Application Market, by Country, 2018–2023

Table 17 Middle East & Africa: Intelligent Electronic Devices Application Market, by Country, 2018–2023

Table 18 Latin America: Intelligent Electronic Devices Application Market, by Country, 2018–2023

Table 19 Global Intelligent Electronic Devices Vertical Market, by Region, 2018–2023

Table 20 North America: Intelligent Electronic Devices Vertical Market, by Country, 2018–2023

Table 21 Europe: Intelligent Electronic Devices Vertical Market, by Country, 2018–2023

Table 22 Asia-Pacific: Intelligent Electronic Devices Vertical Market, by Country, 2018–2023

Table 23 Middle East & Africa: Intelligent Electronic Devices Vertical Market, by Country, 2018–2023

Table 24 Latin America: Intelligent Electronic Devices Vertical Market, by Country, 2018–2023

LIST OF FIGURES
FIGURE 1 Global Intelligent Electronic Devices Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Intelligent Electronic Devices Market

FIGURE 4 Value Chain of Global Intelligent Electronic Devices Market

FIGURE 5 Share of Global Intelligent Electronic Devices Market in 2017, by Country (in %)

FIGURE 6 Global Intelligent Electronic Devices Market, 2018–2023

FIGURE 7 Global Intelligent Electronic Devices Market Size, by Type, 2017

FIGURE 8 Global Intelligent Electronic Devices Market Size, by Application, 2017

FIGURE 9 Global Intelligent Electronic Devices Market Size, by Vertical, 2017