Global Intelligent Electronic Devices Market 2015-2019 - Rise in Smart Grid Installation with Investment Worldwide is Estimated to Reach Around $200 Billion

04 Dec, 2015, 02:00 ET from Research and Markets

DUBLIN, December 4, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/3d6fhh/global) has announced the addition of the "Global Intelligent Electronic Devices Market 2015-2019"  report to their offering. 

     (Logo: http://photos.prnewswire.com/prnh/20130307/600769 )

The global intelligent electronic devices market to grow at a CAGR of 4.72% over the period 2015-2019. 

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. 

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. The report includes a discussion of the key vendors operating in this market.

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.

Key vendors
- ABB
- Schneider Electric
- Siemens 

Other prominent vendors
- Amperion
- BPL Global
- Cisco Systems
- EATON
- Grid Net
- Honeywell International 
- Infrax Systems
- Itron 
- Landis+GYR
- NovaTech 
- Open Systems International 
- Rockwell Automation 
- S&C Electric
- Schweitzer Engg Lab
- Sensus 
- Silver Spring Networks 
- Subnet Solutions 
- Trilliant 

Key Topics Covered: 

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by types

Part 07: Geographical segmentation

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Key vendor analysis

Part 15: Appendix 

For more information visit http://www.researchandmarkets.com/research/3d6fhh/global

About Research and Markets 

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact: 

Laura Wood
+353-1-481-1716
press@researchandmarkets.net


SOURCE Research and Markets