Market Overview:
The global intelligent electronic devices market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy efficiency and modernization of electrical grids. Additionally, the growing penetration of smart meters is also contributing to the growth of this market. The digital relays segment is expected to hold the largest share in the global intelligent electronic devices market by type during the forecast period. This can be attributed to their ability to provide real-time monitoring and control over grid operations, which helps reduce wastage of energy and improve system reliability.
Product Definition:
Intelligent electronic devices are those that can sense their environment, make decisions, and carry out actions in response to those decisions. They can be used for a variety of purposes, including monitoring and managing processes, equipment, or systems; controlling or regulating production; safety and security; or improving efficiency.
Digital Relays:
Digital relays are electronic devices that act as an intermediate between two or more systems, processes or machines. They are used in a variety of applications such as data transmission and reception, control and automation purposes. The growth factor for the digital relay market is increasing demand from end-use industries such as oil & gas, power generation sectors which require switching mode power supply (SMPS) technology owing to its benefits such as compact size and low cost of operation.
PLC:
Power Line Communication (PLC) is a communication technology that uses the electrical power grid as a medium for data transmission. It can be used in various applications such as home automation, traffic control, and building automation. PLC devices are also used in smart metering infrastructure and electric vehicle charging stations.
Intelligent electronic devices use PLC to operate with low power consumption; they are widely applied in consumer electronics and industrial systems due to their small size.
Application Insights:
The power generation segment dominated the overall market in terms of revenue share in 2017. The growth can be attributed to the growing demand for energy from industrial and residential consumers. Moreover, increasing government support for renewable energy sources such as solar and wind is expected to drive the demand further over the forecast period.
The building electricity management segment is anticipated to witness significant growth over the forecast period owing to rising consumer awareness regarding cost-effectiveness along with technological advancements that have made controlling electrical usage easier than ever before. Advanced metering Infrastructure (AMI) enables utilities and third parties access real-time data on power usage from smart meters installed at homes or commercial buildings, which provides a detailed history of electricity use back to 1994, thereby enabling users make more informed decisions about their consumption patterns across all seasons of life ( infancy through old age ).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong growth in industrial automation, particularly in China and Japan, which are among the largest manufacturing hubs globally. This trend is projected to continue over the next eight years, thereby driving demand for intelligent electronic devices across various industries worldwide.
The European market held a significant share of global demand owing to early adoption of technologies such as PLC and smart grid management systems across several sectors including power generation, transmission & distribution (T&D) and building automation. However, sluggish economic growth post-recession coupled with stringent government regulations regarding energy consumption may hamper industry growth over the coming years.
Growth Factors:
- Increasing demand for miniaturization and portability in electronic devices
- Proliferation of Internet of Things (IoT) and connected devices
- Rising demand for semiconductor components in automotive industry
- Growing trend of smart homes and smart cities
- Emergence of new applications such as artificial intelligence, machine learning, and 5G
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Electronic Devices Market Research Report
By Type
Digital Relays, PLC, Load Tap Controller, Recloser, Smart Meter, Others
By Application
Power Generation, Power Transmission, Building Electricity Management, Factory Electricity Management
By Companies
ABB, General Electric, Siemens, Schneider Electric, NovaTech LLC, Crompton Greaves
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent Electronic Devices Market Report Segments:
The global Intelligent Electronic Devices market is segmented on the basis of:
Types
Digital Relays, PLC, Load Tap Controller, Recloser, Smart Meter, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Power Transmission, Building Electricity Management, Factory Electricity Management
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- General Electric
- Siemens
- Schneider Electric
- NovaTech LLC
- Crompton Greaves
Highlights of The Intelligent Electronic Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Digital Relays
- PLC
- Load Tap Controller
- Recloser
- Smart Meter
- Others
- By Application:
- Power Generation
- Power Transmission
- Building Electricity Management
- Factory Electricity Management
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Intelligent Electronic Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Intelligent electronic devices are those that have the ability to sense and respond to their environment. This can include things like cameras, microphones, and sensors. They can also include devices that are able to communicate with other devices or computers.
Some of the major players in the intelligent electronic devices market are ABB, General Electric, Siemens, Schneider Electric, NovaTech LLC, Crompton Greaves.
The intelligent electronic devices market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intelligent Electronic Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Intelligent Electronic Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intelligent Electronic Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Intelligent Electronic Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Intelligent Electronic Devices Market Size & Forecast, 2020-2028
4.5.1 Intelligent Electronic Devices Market Size and Y-o-Y Growth
4.5.2 Intelligent Electronic Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Digital Relays
5.2.2 PLC
5.2.3 Load Tap Controller
5.2.4 Recloser
5.2.5 Smart Meter
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Power Transmission
6.2.3 Building Electricity Management
6.2.4 Factory Electricity Management
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intelligent Electronic Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Intelligent Electronic Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Digital Relays
9.6.2 PLC
9.6.3 Load Tap Controller
9.6.4 Recloser
9.6.5 Smart Meter
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Power Transmission
9.10.3 Building Electricity Management
9.10.4 Factory Electricity Management
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Digital Relays
10.6.2 PLC
10.6.3 Load Tap Controller
10.6.4 Recloser
10.6.5 Smart Meter
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Power Transmission
10.10.3 Building Electricity Management
10.10.4 Factory Electricity Management
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Digital Relays
11.6.2 PLC
11.6.3 Load Tap Controller
11.6.4 Recloser
11.6.5 Smart Meter
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Power Transmission
11.10.3 Building Electricity Management
11.10.4 Factory Electricity Management
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Digital Relays
12.6.2 PLC
12.6.3 Load Tap Controller
12.6.4 Recloser
12.6.5 Smart Meter
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Power Transmission
12.10.3 Building Electricity Management
12.10.4 Factory Electricity Management
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Digital Relays
13.6.2 PLC
13.6.3 Load Tap Controller
13.6.4 Recloser
13.6.5 Smart Meter
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Power Transmission
13.10.3 Building Electricity Management
13.10.4 Factory Electricity Management
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Intelligent Electronic Devices Market: Competitive Dashboard
14.2 Global Intelligent Electronic Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 General Electric
14.3.3 Siemens
14.3.4 Schneider Electric
14.3.5 NovaTech LLC
14.3.6 Crompton Greaves
