Intelligent Electronic Devices Market

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Intelligent Electronic Devices Market, by Type (Protective Relaying Device, On-Load Tap Changer Controller, Circuit Breaker Controller, Capacitor Bank Switch, Recloser Controller, Voltage Regulator, Digital Relay, Others)

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Intelligent Electronic Devices Market Forecast 2023 P a g e | 1 Copyright © 2017 Market Research Future. Intelligent Electronic Devices Market Report-Forecast 2023

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Intelligent Electronic Devices Market Forecast 2023 P a g e | 2 Copyright © 2017 Market Research Future. Free SAMPLE REPORT VIEW REPORTS

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Intelligent Electronic Devices Market Forecast 2023 P a g e | 3 Copyright © 2017 Market Research Future. Summary The global intelligent electronic devices market is expected to exhibit a strong 9.04 CAGR over the forecast period from 2018 to 2023 according to the latest research report published by Market Research Future MRFR. The global intelligent electronic devices market is mainly driven by the growing demand for process monitoring in the oil and gas industry the growing demand for smart grids and the growing demand for automation in the industrial as well as residential sectors. The growing demand for smart grids is likely to be a major driver for the global Intelligent Electronic Devices Market over the forecast period. the global smart grids market is driven by the growing government support to the sector as many governments around the world have come to appreciate the cost benefits and other advantages of installing large-scale smart grid systems such as systematic metering smart energy saving and easy exchange with standalone renewable power generation systems. Developed regions such as North America and Europe have been the dominant forces in terms of the development of smart grid technology and infrastructure. Developing countries such as China India Brazil etc. have also shown interest in smart grid initiatives although cost constraints may restrain the market demand in these emerging economies over the forecast period.

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Intelligent Electronic Devices Market Forecast 2023 P a g e | 4 Copyright © 2017 Market Research Future. Key Players Leading players in the global intelligent electronic devices market include Ametek Toshiba Corporation Texas Instruments Inc. Larsen Toubro Limited Crompton Greaves NovaTech LLC Schweitzer Engineering Laboratories Inc. Honeywell International Inc. Eaton Corporation PLC General Electric Cisco Systems Inc. Siemens AG Schneider Electric and ABB Ltd.

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Intelligent Electronic Devices Market Forecast 2023 P a g e | 5 Copyright © 2017 Market Research Future. Segmentation: In May 2019 Topaz Energy and Marine a leading Dubai-based provider of offshore energy logistics services announced the installation of real-time marine fuel management systems on offshore support vessels in the Caspian Sea and West Africa. In May 2019 Traxens announced that its IoT-based smart cargo tracking system will be used on CFL multimodal ’s connected freight transportation services across Europe and Asia. The growing demand for automated monitoring in a number of industries is likely to drive the intelligent electronic devices market over the forecast period.

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Intelligent Electronic Devices Market Forecast 2023 P a g e | 6 Copyright © 2017 Market Research Future. Regional Analysis: The global intelligent electronic devices market is segmented on the basis of type application end use and region. By type the global intelligent electronic devices market is segmented into digital relays voltage regulators recloser controllers capacitor bank switch circuit breaker controllers on-load tap changer controllers and protective relaying devices. By application the global intelligent electronic devices market is segmented into condition monitoring automation water supply and management system traction signaling and control system and mass transit system. The automation segment is likely to dominate the global intelligent electronic devices market over the forecast period due to the growing demand for automation solutions in a number of industry verticals. By end use vertical the global intelligent electronic devices market is segmented into chemical pharmaceutical energy and power automotive food and beverage and oil and gas. The oil and gas industry is likely to remain the leading revenue generator for the global intelligent electronic devices market over the forecast period.

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