Intelligent Electronic Devices Market Opportunities and Forecast To 2027

Intelligent electronic devices are used in industrial control systems to enable power systems' automation. The device is associated with a human-machine interface software for commissioning, testing, performing fault analysis and real-time synchronization of events. It helps in monitoring self and external circuits and performs advanced local control intelligence. It also provides remote, local and substation data acquisition for usage in network analysis. These beneficial features are driving the Intelligent

The Intelligent Electronic Devices Market has reached a value of USD 10.55 billion in 2017, and it is expected to reach USD 17.09 billion by the forecast period with a CAGR of 9.04 %.

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The Intelligent Electronic Devices Market is divided into oil and gas, energy and power, pharmaceutical, chemicals, food and beverage, automotive, and others based on end-users. Under the vertical segment, the oil & gas industry is expected to generate significant revenue share in the intelligent electronic devices market.