Intelligent Electronic Devices Market Size & Report 2033
The global Intelligent Electronic Devices (IEDs) Market is experiencing significant growth, driven by the expanding smart grid sector, valued at US$63.0 billion in 2023. IEDs are critical for real-time monitoring, control, and protection in smart grids, enhancing power distribution efficiency. The surge in renewable energy projects, particularly solar PV, which accounted for three-quarters of 2023’s renewable capacity additions, fuels demand for IEDs. These devices enable utilities to manage variable energy outputs, offering advanced fault detection and rapid response capabilities. Increasing adoption in remote renewable projects and rising need for automated grid solutions further propel market expansion through 2030.
Read More: https://www.imarcgroup.com...
The global Intelligent Electronic Devices (IEDs) Market is experiencing significant growth, driven by the expanding smart grid sector, valued at US$63.0 billion in 2023. IEDs are critical for real-time monitoring, control, and protection in smart grids, enhancing power distribution efficiency. The surge in renewable energy projects, particularly solar PV, which accounted for three-quarters of 2023’s renewable capacity additions, fuels demand for IEDs. These devices enable utilities to manage variable energy outputs, offering advanced fault detection and rapid response capabilities. Increasing adoption in remote renewable projects and rising need for automated grid solutions further propel market expansion through 2030.
Read More: https://www.imarcgroup.com...
10:31 AM - May 14, 2025 (UTC)
