Market Overview:
The global smart 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 renewable sources of energy is also contributing to the growth of this market. The digital relays segment is expected to hold the largest share in the global smart 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 and improve efficiency.
Product Definition:
A smart electronic device is a gadget or appliance that has been enhanced with features that allow it to connect to the internet and operate autonomously.
-Remote monitoring and control of devices from anywhere in the world.
-Automatic updates for new features or security patches.
-Reduced energy consumption through efficient operation and sleep modes.
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 control, switching power supplies, industrial automation and home appliances. The increasing demand for smart electronics devices with features such as Internet Protocol (IP), voice-enabled communication and entertainment is expected to drive the global digital relay market growth over the forecast period.
PLC:
Power Line Communication (PLC) is a communication technology that uses the electrical power grid as a medium. It can transfer data and voice over an electric power network without using wires. The technology has been around for more than two decades but only recently has it started to gain traction in the Smart Electronic Devices market due to technological advancements and government regulations supporting PLC devices & systems.
The primary benefit of PLC is that it enables equipment to be physically small, inexpensive,.
Application Insights:
The power generation segment dominated the global smart electronic devices market in 2017 and is expected to witness significant growth over the forecast period. The growing need for automation in power plants to improve operational efficiency is projected to drive demand over the coming years.
Building electricity management systems are poised to witness considerable growth during the forecast period, owing to rising concerns regarding energy conservation and sustainability. These systems help manage electricity usage by controlling various appliances through a single remote control from a smartphone app or via an internet connection with Wi-Fi enabled modules. Such factors are expected fuel industry expansion at a CAGR of XX% from 2018 to 2030, exceeding 1 million units per year by 2030.
Smart meters are being deployed across numerous end-use industries such as electric utilities, transportation & logistics networks, residential sectors among others so that consumers can monitor their energy consumption habits via online portals or mobile apps.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrial automation, rising demand for electricity, growing consumer electronics production, and expanding infrastructure development. Moreover, favorable government regulations are also anticipated to drive industry expansion over the next eight years.
The European smart electronic devices market is projected to witness a CAGR of XX% from 2018 to 2030 owing their early adoption of IoT-based services and solutions across various industries.
Growth Factors:
- Increasing demand for smart devices in automotive and transportation sector
- Proliferation of low-cost sensors and microcontrollers
- Growing demand for smart devices in healthcare sector
- Rising trend of Internet of Things (IoT) and connected devices
- Emergence of new applications areas for smart electronic devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart 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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Smart Electronic Devices Market Report Segments:
The global Smart 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 Smart 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 Smart 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?
Smart electronic devices are electronic devices that have the ability to connect and interact with other devices, people, or systems. They can include things like smartphones, computers, and smart TVs. These devices can be used for a variety of purposes, including communication, entertainment, navigation, and productivity.
Some of the key players operating in the smart electronic devices market are ABB, General Electric, Siemens, Schneider Electric, NovaTech LLC, Crompton Greaves.
The smart electronic devices market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart 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 Smart Electronic Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart 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 Smart 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 Smart Electronic Devices Market Size & Forecast, 2018-2028
4.5.1 Smart Electronic Devices Market Size and Y-o-Y Growth
4.5.2 Smart Electronic Devices Market Absolute $ Opportunity
Chapter 5 Global Smart Electronic Devices 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 Smart Electronic Devices 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 Smart Electronic Devices 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 Smart Electronic Devices 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 Smart 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 Smart 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 Smart Electronic Devices Analysis and Forecast
9.1 Introduction
9.2 North America Smart Electronic Devices 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 Smart Electronic Devices 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 Smart Electronic Devices 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 Smart Electronic Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Electronic Devices 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 Smart Electronic Devices 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 Smart Electronic Devices 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 Smart Electronic Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Electronic Devices 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 Smart Electronic Devices 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 Smart Electronic Devices 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 Smart Electronic Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Electronic Devices 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 Smart Electronic Devices 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 Smart Electronic Devices 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) Smart Electronic Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Electronic Devices 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) Smart Electronic Devices 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) Smart Electronic Devices 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 Smart Electronic Devices Market: Competitive Dashboard
14.2 Global Smart 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
