Global Intelligent Electronic Devices Market 2015-2019
About intelligent electronic device
The intelligent electronic devices (IED) plays a significant role in automating substations and efficient monitoring of power delivery systems. IED is used in the power system to define devices that have electrical protection and monitoring functionalities with an advanced intelligent control system and can perform two-way communication with SCADA system. Moreover, an IED has IEC 61580 protocol to communicate directly with the SCADA system that make it a unique device for active control in T&D of power delivery systems to the users. The major functions performed by IED are protection, monitoring, control, metering, and communication.
Technavio's analysts forecast the global intelligent electronic devices market to grow at a CAGR of 4.72% over the period 2015-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global intelligent electronic device market for the period 2015-2019. To calculate the market size, the report considers revenue generated through the sales of various intelligent electronic devices such as a digital relay, PLC, load tap controller, recloser, and smart meters.
Technavio's report, Global Intelligent Electronic Devices Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Intelligent Electronic Devices Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Intelligent Electronic Devices Market: ABB, Schneider Electric and Siemens
Commenting on the report, an analyst from Technavio’s team said: “Smart grid investment worldwide is estimated to reach around $200 billion by 2015. The rapid development of smart grids has fostered the growth of several technologies, which includes smart meters, digital relays, load tap controllers and PLC. Smart grids comprise various smart grid applications such as smart meters, supervisory control, data acquisition systems, and IT networks, which hold a sizeable market share in the smart grid market, which is witnessing rapid growth.”
According to the report, increasing urbanization and industrialization are demanding intelligent GIS that require less space and are more suitable for harsh environments such as deserts and sea coasts where they can be remotely controlled and monitored. IEDs such as digital protective relays, load tap controllers, PLC and smart meters are most suitable for controlling and monitoring substations.
Further, the report states that the requirement of high capital costs in IEDs and substations is limiting the growth of the market.
ABB, Schneider Electric, Siemens
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