Global Intelligent Electronic Devices Market 2015-2019

Published: Nov 2015 Pages: 65 SKU: IRTNTR7402

Market outlook of intelligent electronic devices

This research report projects the global intelligent electronic devices market to reach over USD 100 billion, in terms of revenue, by 2019. This market is driven by the demand for reducing transmission and power distribution (T&D) losses. For instance, the US is facing annual T&D losses to the tune of approximately 6%-8% of the overall electricity generated in the country.

The demand for substation automation from countries such as India and China is also positively impacting the IED market. The global substation automation market was valued at around USD 99 billion in 2014, and it is predicted to significantly drive the IED market. Its growth is expected to accelerate the demand for IEDs to help monitor and protect power transformers from overcurrent and overvoltage damages.

Global intelligent electronic devices market by types

  • Digital relays
  • PLC
  • Load tap controller
  • Recloser
  • Smart meter
  • Others

As per the market analysis, the global digital relay market in intelligent electronic devices was valued at a little over USD 20 billion in 2014. Digital relays are used extensively in networks to transmit and distribute electricity in a safe mode. The primary functionality of a digital relay is to protect the equipment in the supply line from overcurrent and short circuit damages. A digital relay functions as a switch that can open or close the circuit in case of any overvoltage accumulation in the supply line. Simultaneously, it also raises an alarm while disseminating information about faults in the network. Growing instances of fluctuation and outages in power lines have increased the demand for digital relays over the last five years.

Geographical segmentation of the intelligent electronic devices market by types

  • APAC
  • Americas
  • EMEA

The demand for IEDs from Americas is likely to increase with growing investments for modernization of smart grids, substations, and the installation of smart meters in every home by 2021. Particularly, the demand for utilities from the North America region is expected to witness an upsurge during the forecast period.

Top players of the global intelligent electronic devices market

  • ABB       
  • Schneider Electric           
  • Siemens

The growing focus on renewable sources of energy for power generation will lead to the establishment of new smart grids and substations across the world. These substations will drive the demand for IEDs to respond effectively to power needs of consumers. It is expected to immensely benefit the market vendors of IEDs through 2019.

Key questions answered in the report

  • What are the key factors driving the global intelligent electronic devices market?
  • What are the key market trends impacting the growth of the global intelligent electronic devices market?
  • What are the various opportunities and threats faced by the vendors in the global intelligent electronic devices market?
  • Trending factors influencing the market shares for EMEA, APAC, and Americas?
  • Key outcome of the five forces analysis on the global intelligent electronic devices market?
  • Growth forecast of the global intelligent electronic devices market until 2019?

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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