Global Intelligent Electronic Devices Market Size 2022: Future Demand, Emerging Trends, and Latest, Technology, Forecast

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The Global Intelligent Electronic Devices market was valued at USD 13.03 billion in 2021 and is expected to reach USD 18.46 billion by the year 2028, at a CAGR of 5.1%.

An intelligent electronic device (IED) is a term applied in the electric power industry to represent the microprocessor-based controllers of power system equipment. The IEDs obtain data from sensors and power equipment and can issue control commands, such as a circuit breaker that trips if it detects voltage, current, or frequency anomalies, or increases/decreases voltage levels to maintain the desired level. A typical IED can contain 5 to 12 protection functions, 5 to 8 control functions that manage separate devices, self-supervision functions, communication functions, and others. Hence, they are cleverly called Intelligent Electronic Devices. Some recent IEDs are developed to support the IEC61850 standard for substation automation, which offers interoperability and advanced communication capabilities.


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The research presents a full analysis of the pandemic's influence on the whole industry, as well as an outline of market scenarios before and after COVID-19. All of our reports will be modified before distribution to account for the impact of COVID-19 in order to offer a more accurate market prediction. The research study looks at numerous market segments based on type, application, and geography research also geography competitive analysis of the top Intelligent Electronic Devices product providers, as well as their most recent advances. This study is divided into three sections: type, application, and region, with market size and forecasts for each area. For the predicted period, yearly compound growth rates for all segments have also been presented.

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Top Key Players of The Intelligent Electronic Devices Market:

  • ABB Group
  • Toshiba Corporation
  • Rockwell Automation Inc.
  • Siemens Corporation
  • Honeywell International Inc.
  • Berry Palmer Lyle Limited
  • Black Veatch Holding Company
  • Leuze Electronic Cisco Systems Inc.
  • Eaton Corporation PLC
  • Landis+Gyr
  • Infrax Systems
  • SC Electric Company
  • Schneider Electric SA
  • Subnet Solutions Inc.
  • Open Systems International Inc. and others Major Players.

 Segmentation of The Intelligent Electronic Devices Market:

By Type          

  • Digital Relay
  • Protective Relaying Device
  • Circuit Breaker Controller
  • Load Tap Changer Controller
  • Voltage Regulator
  • Others

By Industry Vertical  

  • Food Beverage
  • Oil Gas
  • Automotive
  • Pharmaceutical
  • Chemicals
  • Others

By Application          

  • Water Supply Management System
  • Mass Transit System
  • Traction Signaling Control System
  • Automation Condition Monitoring

By Region      

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

 This segment will develop further over the forecast period due to new trends. An additional new opportunity was the low barrier to investment, so we turned the Intelligent Electronic Devices market into a fragmented environment where more entry-level players enter the market. Gradually, it has established itself as one of the best market research companies in the world. With our unique, structured, and state-of-the-art approach to creating high-quality market reports, the report includes relevant market insights. Moreover, our team of analysts does not leave anything irreversible while curating the market report according to the requirements of our clients.

Impact of COVID-19 on the Intelligent Electronic Devices market

Owing to the sudden outbreak of coronavirus disease (COVID-19), governments of several economies have declared complete lockdowns as a preventive measure. The global effect of the coronavirus disease 2019 (COVID-19) is already starting to be felt, and will significantly influence the Intelligent Electronic Devices market in 2020. The outbreak of COVID-19 has brought effects on many aspects, such as flight cancellations; restaurants and closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; travel bans and quarantines; huge slowing of the supply chain; stock market volatility; declining business confidence, rising panic among the population, and uncertainty about future.

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 Industry experts have identified key factors influencing the pace of development of the Intelligent Electronic Devices industry, including various opportunities and gaps. A thorough analysis of the Intelligent Electronic Devices market for the growth trends of each category makes the overall study interesting. When studying the market, researchers also dig deep into their future prospects and their contribution to the industry. Additionally, the research report evaluated the market key players and features, such as capacity utilization rate comprised of revenue.

Why Purchase this Report?

  • A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
  • The report provides a holistic view of the competitive scenario of the Intelligent Electronic Devices market.
  • The latest product launches, along with technological changes and developments, are included in the report.
  • The data analysis in the report will help you understand the Intelligent Electronic Devices market dynamics projected from 2022 to 2028.
  • The Report has a vast data store, so it can accommodate your custom needs as well.

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