지능형 전자 기기 세계 시장 규모는 2023년 70억 8,000만 달러로 평가되었고, 2029년까지 연평균 9.19%의 견조한 성장세를 보일 것으로 예측됩니다.
| 시장 개요 | |
|---|---|
| 예측 기간 | 2025-2029년 |
| 시장 규모 : 2023년 | 70억 8,000만 달러 |
| 시장 규모 : 2029년 | 121억 1,000만 달러 |
| CAGR : 2024-2029년 | 9.19% |
| 급성장 부문 | 에너지 및 전력 |
| 최대 시장 | 북미 |
지능형 전자 기기(IED) 시장 역학은 전자 산업에서 첨단 감지, 처리 및 통신 기능을 갖춘 스마트 상호 연결 장치의 개발, 생산 및 배포에 초점을 맞춘 역동적으로 진화하는 부문을 의미합니다. 이러한 장치는 스마트 그리드, 산업 자동화, 인프라 관리 등 다양한 응용 분야에서 중요한 역할을 하고 있습니다. 요컨대, IED는 실시간 데이터를 수집, 분석 및 처리하도록 설계되어 다양한 환경에서 모니터링, 제어 및 자동화를 강화할 수 있습니다.
효율적인 에너지 관리, 전력망 현대화 이니셔티브, 산업 전반에 걸친 스마트 기술 통합에 대한 수요 증가로 인해 시장 성장이 촉진되고 있으며, iED는 프로세스를 최적화하고 신뢰성을 향상시키며 중요한 부문에서 데이터 기반 의사결정을 촉진하는 데 기여하고 있습니다. 기술 발전이 계속해서 상황을 형성하고 있는 가운데, 시장 환경은 다양한 분야에서 지능적이고 상호 연결된 시스템으로의 전환을 촉진하는 데 중요한 역할을 하고 있습니다.
스마트그리드에 대한 수요 증가
산업 자동화 및 인더스트리 4.0
전력 품질과 신뢰성에 대한 우려 증가
IoT와 에지 컴퓨팅의 통합
규제 강화 및 그리드 현대화 노력
사이버 보안 위협에 대한 인식이 높아지고 있습니다.
정부 정책이 시장을 촉진할 가능성이 높습니다.
전력망 현대화를 위한 노력
정부가 지속 가능하고 스마트한 에너지 솔루션에 대한 우선순위를 계속 부여함에 따라 iED에 대한 수요는 그리드 현대화 정책에 따라 확대될 것으로 예상됩니다.
신재생에너지 통합 의무화
IED는 재생에너지 통합 의무에 따라 보다 지속 가능하고 강력한 에너지 인프라를 구축하는 데 기여합니다.
사이버 보안 기준 및 규정
각국 정부는 엄격한 사이버 보안 정책을 시행하여 IED에 대한 사이버 공격과 관련된 위험을 줄이고 전력망의 무결성과 신뢰성을 보장하기 위해 노력하고 있습니다.
에너지 효율 규제
IEDs 시장은 에너지 효율 규제와 연계하여 보다 지속 가능하고 친환경적인 에너지 환경을 구축하기 위한 광범위한 전략의 필수적인 부분이 될 것입니다.
스마트그리드 상호운용성 표준
정부는 상호운용성 표준을 추진함으로써 보다 유연하고 확장 가능하며 효율적인 스마트그리드 시스템 구축에 기여하고 iED 수요를 촉진할 수 있습니다.
연구 개발 인센티브
연구개발을 위한 환경을 조성함으로써 정부는 세계 IEDs 시장의 지속적인 발전과 경쟁력 강화에 기여할 것입니다.
상호운용성과 표준화의 복잡성
사이버 보안의 위험과 위협
IED에 인공지능(AI)과 머신러닝(ML)을 통합하는 방법:
Global Intelligent Electronic Devices Market was valued at USD 7.08 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 9.19% through 2029.
| Market Overview | |
|---|---|
| Forecast Period | 2025-2029 |
| Market Size 2023 | USD 7.08 Billion |
| Market Size 2029 | USD 12.11 Billion |
| CAGR 2024-2029 | 9.19% |
| Fastest Growing Segment | Energy & Power |
| Largest Market | North America |
The Intelligent Electronic Devices (IEDs) market refers to the dynamic and evolving sector within the broader electronics industry that focuses on the development, production, and deployment of smart, interconnected devices endowed with advanced sensing, processing, and communication capabilities. These devices play a pivotal role in various applications, including smart grids, industrial automation, and infrastructure management. In essence, IEDs are designed to gather, analyze, and act upon real-time data, enabling enhanced monitoring, control, and automation in diverse settings.
The market's growth is fueled by the increasing demand for efficient energy management, grid modernization initiatives, and the integration of smart technologies across industries. IEDs contribute to the optimization of processes, improvement of reliability, and facilitation of data-driven decision-making in critical sectors. As technological advancements continue to shape the landscape, the Intelligent Electronic Devices market represents a key enabler of the ongoing transition toward intelligent, interconnected systems across various domains.
Key Market Drivers
Increasing Demand for Smart Grids
The global Intelligent Electronic Devices (IEDs) market is experiencing a significant boost due to the escalating demand for smart grids. Smart grids are modern electrical grids that leverage advanced communication and control technologies to optimize the generation, distribution, and consumption of electricity. IEDs play a crucial role in smart grids by providing real-time monitoring, control, and automation capabilities. The growing need for efficient energy management, reduction of transmission and distribution losses, and integration of renewable energy sources are key factors driving the adoption of smart grids, subsequently propelling the demand for IEDs.
Smart grids enable utilities to enhance grid reliability, reduce downtime, and improve overall operational efficiency. IEDs, equipped with advanced sensors and communication modules, facilitate the collection of data from various points in the grid, enabling utilities to make informed decisions and respond quickly to grid disturbances. As countries worldwide focus on modernizing their aging power infrastructure, the demand for IEDs in the context of smart grids is expected to witness sustained growth.
Industrial Automation and Industry 4.0
The fourth industrial revolution, often referred to as Industry 4.0, is characterized by the integration of digital technologies into various industrial processes. This wave of technological advancement is a key driver for the global IEDs market. Industries are increasingly adopting automation and smart technologies to improve operational efficiency, reduce downtime, and enhance overall productivity. IEDs play a pivotal role in this scenario by providing intelligent monitoring and control capabilities in industrial settings.
IEDs in industrial automation help in real-time data acquisition, analysis, and decision-making, contributing to the seamless functioning of manufacturing processes. As industries strive to stay competitive in a globalized market, the adoption of Industry 4.0 principles becomes imperative. This, in turn, fuels the demand for IEDs that can enable the integration and connectivity required for smart and automated industrial systems.
Rising Concerns about Power Quality and Reliability
The increasing digitization of various aspects of life and business has heightened sensitivity to power quality and reliability. Businesses and consumers alike depend on a continuous and stable power supply for various applications, ranging from critical industrial processes to everyday electronic devices. IEDs play a crucial role in ensuring power quality by monitoring voltage levels, frequency, and other parameters in real-time.
The escalating use of sensitive electronic equipment, coupled with the proliferation of renewable energy sources, has led to a greater emphasis on maintaining stable power quality. IEDs, equipped with advanced monitoring and control features, assist utilities in identifying and addressing power quality issues promptly. As the demand for high-quality and reliable power supply continues to rise, the deployment of IEDs becomes essential for utilities to meet the expectations of consumers and businesses.
Integration of IoT and Edge Computing
The integration of Internet of Things (IoT) devices and edge computing technologies is a transformative driver for the IEDs market. With the advent of IoT, there is an increasing need for devices to communicate and share data in real-time. IEDs, with their sensing, processing, and communication capabilities, are well-positioned to be integral components of IoT ecosystems.
In the context of smart cities, smart buildings, and connected infrastructure, IEDs enable the collection of data from diverse sources. This data is then processed at the edge, allowing for quicker decision-making and reducing the need for centralized data processing. The synergy between IEDs, IoT, and edge computing is creating new opportunities for applications such as predictive maintenance, energy management, and environmental monitoring.
Regulatory Mandates and Grid Modernization Initiatives
Government regulations and initiatives aimed at modernizing power grids are significant drivers for the IEDs market. Many countries are implementing regulations that mandate the deployment of advanced technologies to enhance the reliability and efficiency of their electrical grids. For instance, regulations promoting the integration of renewable energy sources and the reduction of carbon emissions are driving the adoption of IEDs for better grid management.
Grid modernization initiatives, often supported by government funding, involve the upgrade of aging infrastructure with advanced technologies. IEDs play a crucial role in these initiatives by providing the necessary intelligence and control capabilities to modernize the grid. Utilities and energy companies, in response to regulatory requirements and incentives, are increasingly investing in IEDs to meet the evolving standards for grid reliability and efficiency.
Growing Awareness of Cybersecurity Threats
As the dependency on interconnected digital systems increases, so does the awareness of cybersecurity threats. The IEDs market is experiencing a boost as utilities and industries recognize the importance of securing critical infrastructure from cyberattacks. IEDs, being integral components of modern electrical and industrial systems, are potential targets for cyber threats.
The growing emphasis on cybersecurity in the IEDs market is driving innovations in secure communication protocols, authentication mechanisms, and intrusion detection systems. Vendors in the IEDs market are focusing on developing solutions that not only provide advanced functionality for grid management but also incorporate robust cybersecurity features. The awareness of cybersecurity risks is pushing organizations to prioritize the implementation of secure IEDs to safeguard their critical infrastructure and maintain the integrity of their operations.
The global IEDs market is propelled by a combination of factors, including the demand for smart grids, industrial automation trends, concerns about power quality and reliability, the integration of IoT and edge computing, regulatory mandates, and the growing awareness of cybersecurity threats. These drivers collectively contribute to the continued growth and evolution of the Intelligent Electronic Devices market on a global scale.
Government Policies are Likely to Propel the Market
Grid Modernization Initiatives
Grid modernization initiatives represent a key government policy influencing the global Intelligent Electronic Devices (IEDs) market. Governments around the world are recognizing the need to upgrade and modernize their aging power grids to enhance efficiency, reliability, and sustainability. Grid modernization policies typically involve substantial investments in advanced technologies, including IEDs, to equip power infrastructure with intelligent monitoring and control capabilities.
One aspect of these initiatives is the deployment of smart grids, where IEDs play a crucial role. Governments often provide financial incentives, grants, or regulatory support to encourage utilities and energy companies to invest in IEDs for real-time monitoring, automation, and data-driven decision-making. These policies are designed to create a more resilient and responsive energy infrastructure capable of integrating renewable energy sources, improving energy efficiency, and reducing carbon emissions.
As governments continue to prioritize sustainable and smart energy solutions, the demand for IEDs is expected to grow in alignment with grid modernization policies.
Renewable Energy Integration Mandates
The global push towards a more sustainable and low-carbon future has led many governments to enact policies promoting the integration of renewable energy sources into their energy mix. These policies, often accompanied by renewable energy targets and incentives, drive the adoption of Intelligent Electronic Devices (IEDs) in the energy sector.
To accommodate the variability of renewable sources such as solar and wind, IEDs are utilized to monitor and control the grid dynamically. They enable utilities to manage the integration of renewable energy by providing real-time data on energy production, consumption, and grid conditions. Governments may implement regulations requiring utilities to deploy IEDs as part of their strategy to achieve renewable energy integration goals.
By aligning with renewable energy integration mandates, IEDs contribute to the establishment of a more sustainable and resilient energy infrastructure.
Cybersecurity Standards and Regulations
Governments globally are increasingly recognizing the importance of securing critical infrastructure, including the electrical grid, against cybersecurity threats. Policies and regulations focused on enhancing cybersecurity standards for Intelligent Electronic Devices (IEDs) are becoming more prevalent as these devices play a pivotal role in the functioning of modern energy systems.
Government policies in this realm often entail the establishment of cybersecurity frameworks, standards, and certification processes that IED manufacturers must adhere to. This includes requirements for secure communication protocols, encryption standards, and robust authentication mechanisms to safeguard IEDs from potential cyber threats.
By enforcing stringent cybersecurity policies, governments aim to mitigate the risks associated with cyberattacks on IEDs, ensuring the integrity and reliability of the power grid.
Energy Efficiency Regulations
Governments worldwide are prioritizing energy efficiency as a means to reduce carbon emissions and enhance sustainability. Policies and regulations promoting energy efficiency impact the global Intelligent Electronic Devices (IEDs) market as these devices contribute significantly to optimizing energy consumption in various applications.
Governments may establish energy efficiency standards that IEDs must meet to be deployed in specific sectors. For instance, in industrial settings, IEDs can be utilized to optimize processes, monitor energy usage, and implement energy-saving measures. Government policies may incentivize the adoption of IEDs that contribute to achieving energy efficiency goals, fostering a market environment where manufacturers innovate to produce more energy-efficient devices.
By aligning with energy efficiency regulations, the IEDs market becomes an integral part of the broader strategy to create a more sustainable and environmentally friendly energy landscape.
Interoperability Standards for Smart Grids
Interoperability is crucial for the effective functioning of smart grids, and governments often play a role in setting standards to ensure seamless communication and coordination among various components, including Intelligent Electronic Devices (IEDs). Policies related to interoperability standards aim to create a unified and interconnected grid infrastructure.
Governments may collaborate with industry stakeholders to define and enforce standards that facilitate the integration of IEDs from different manufacturers into a cohesive smart grid ecosystem. These policies encourage the development of IEDs that adhere to established communication protocols, ensuring compatibility and interoperability across diverse grid components.
By promoting interoperability standards, governments contribute to the creation of more flexible, scalable, and efficient smart grid systems, driving the demand for IEDs in the market.
Research and Development Incentives
To foster innovation and technological advancements in the field of Intelligent Electronic Devices (IEDs), governments may implement policies that provide incentives for research and development (R&D) activities. These incentives can take the form of tax credits, grants, or subsidies aimed at encouraging companies to invest in the development of cutting-edge IED technologies.
Governments recognize the role of IEDs in shaping the future of energy systems, and by promoting R&D initiatives, they aim to accelerate the pace of innovation in this sector. These policies incentivize manufacturers to explore new functionalities, improve efficiency, and enhance the overall capabilities of IEDs.
By fostering a conducive environment for research and development, governments contribute to the continuous evolution and competitiveness of the global IEDs market.
Government policies related to grid modernization, renewable energy integration, cybersecurity, energy efficiency, interoperability standards, and research and development incentives play a significant role in shaping the landscape of the global Intelligent Electronic Devices market. These policies collectively influence the adoption, innovation, and integration of IEDs in diverse sectors, contributing to the evolution of intelligent and resilient energy systems worldwide.
Key Market Challenges
Interoperability and Standardization Complexities
The prominent challenges facing the global Intelligent Electronic Devices (IEDs) market revolves around interoperability and standardization complexities. As the demand for sophisticated IEDs continues to grow across diverse applications, ensuring seamless communication and integration between devices from different manufacturers becomes a significant hurdle.
The IEDs market comprises a wide array of devices, each designed with specific functionalities to cater to various sectors such as energy, industrial automation, and smart infrastructure. However, the lack of universally accepted communication protocols and standards poses a significant challenge. Different manufacturers often employ proprietary technologies and communication protocols, hindering the interoperability of IEDs in mixed-device environments.
Interoperability challenges can lead to integration difficulties, increased implementation costs, and limitations in the scalability of intelligent systems. For example, in smart grids where various IEDs need to work in concert to ensure efficient energy distribution and management, interoperability issues may result in suboptimal performance and hinder the realization of the full potential of these systems.
Governments and industry stakeholders recognize the importance of addressing these challenges and may play a crucial role in establishing and enforcing interoperability standards. However, achieving consensus on standardized protocols across the diverse landscape of IEDs remains a complex task. The challenge persists as the market continues to evolve with new entrants and technological advancements, requiring continuous efforts to ensure compatibility and seamless integration.
Overcoming interoperability and standardization challenges demands collaborative efforts from manufacturers, industry organizations, and policymakers. Developing and adopting open standards can facilitate smoother integration of IEDs, enhance flexibility in system design, and pave the way for a more interconnected and efficient intelligent devices market.
Cybersecurity Risks and Threats
The increasing digitization and connectivity of critical infrastructure, including the widespread deployment of Intelligent Electronic Devices (IEDs), bring forth a significant challenge: cybersecurity risks and threats. As IEDs become integral components of smart grids, industrial automation systems, and other applications, they also become potential targets for cyberattacks.
Cybersecurity challenges in the IEDs market are multifaceted. These devices are often deployed in remote and distributed environments, making them susceptible to various cyber threats such as unauthorized access, data breaches, and manipulation of control systems. A successful cyberattack on IEDs can have severe consequences, including disruptions to essential services, compromised grid reliability, and potential safety hazards.
The challenge is exacerbated by the evolving nature of cyber threats, with attackers becoming increasingly sophisticated in their methods. IEDs, with their communication capabilities and integration into critical infrastructure, are attractive targets for malicious actors seeking to exploit vulnerabilities for financial gain, political motives, or other malicious purposes.
Addressing cybersecurity challenges in the IEDs market requires a holistic approach involving manufacturers, system integrators, governments, and cybersecurity experts. Manufacturers must prioritize security features in the design and development of IEDs, incorporating robust authentication mechanisms, encryption protocols, and continuous monitoring capabilities.
Governments play a crucial role in establishing and enforcing cybersecurity standards and regulations specific to the IEDs market. These regulations may mandate compliance with cybersecurity frameworks, regular security assessments, and the implementation of measures to detect and mitigate potential threats.
Ongoing cybersecurity education and awareness programs are essential to ensure that end-users and operators of IEDs understand the risks and take appropriate measures to safeguard their systems. Collaborative efforts between public and private sectors are crucial to staying ahead of evolving cybersecurity threats and maintaining the integrity and security of global intelligent device deployments.
The challenges of interoperability and standardization, along with cybersecurity risks and threats, pose significant obstacles to the growth and stability of the global Intelligent Electronic Devices market. Addressing these challenges requires concerted efforts from industry stakeholders, governments, and cybersecurity experts to establish common standards, enhance device security, and create a resilient and secure environment for the deployment of intelligent devices in critical infrastructure.
Key Market Trends
Integration of Artificial Intelligence (AI) and Machine Learning (ML) in IEDs:
The integration of artificial intelligence (AI) and machine learning (ML) technologies is emerging as a significant trend in the global Intelligent Electronic Devices (IEDs) market. AI and ML algorithms are being incorporated into IEDs to enhance their capabilities in analyzing data, making real-time decisions, and optimizing performance across various applications.One of the key drivers behind this trend is the growing complexity of modern industrial systems and the need for advanced analytics to manage and optimize these systems effectively. By leveraging AI and ML, IEDs can process large volumes of data generated by industrial equipment and sensors, identify patterns and anomalies, and make intelligent decisions autonomously.For example, in the energy sector, AI-powered IEDs are being used to monitor and control smart grid infrastructure, predict energy demand, optimize power distribution, and detect and prevent potential faults or failures. Similarly, in manufacturing environments, AI-enabled IEDs are helping companies improve production efficiency, minimize downtime, and enhance product quality through predictive maintenance and process optimization.Another driving factor behind the integration of AI and ML in IEDs is the advancement of Industry 4.0 initiatives, which emphasize the convergence of digital technologies to create smart, interconnected industrial ecosystems. By embedding AI and ML capabilities into IEDs, manufacturers can realize the vision of autonomous, self-optimizing production systems that adapt to changing conditions and requirements in real-time.Moreover, the increasing availability of powerful computing hardware and the development of specialized AI chips are making it easier and more cost-effective to deploy AI and ML algorithms on embedded devices like IEDs. This trend is expected to accelerate in the coming years as organizations recognize the transformative potential of AI-driven automation and analytics in driving operational efficiency, reducing costs, and unlocking new revenue streams.In conclusion, the integration of artificial intelligence and machine learning technologies in Intelligent Electronic Devices represents a significant trend in the global market, with profound implications for industries ranging from energy and utilities to manufacturing and transportation. By harnessing the power of AI and ML, organizations can unlock new levels of intelligence, agility, and efficiency in their operations, paving the way for a smarter, more connected future.
Segmental Insights
Type Insights
The Digital Relay segment held the largest Market share in 2023. Digital relays offer advanced protection and control features. They can rapidly detect abnormalities, such as overcurrent, overvoltage, and faults, and respond swiftly to isolate the affected part of the power system. This capability is critical for preventing damage to equipment and ensuring the reliability of the electrical grid.
Digital relays are highly flexible and programmable. This allows utilities and operators to customize protection settings based on specific system requirements. The ability to reconfigure relay settings remotely makes them adaptable to different operational scenarios and evolving grid conditions.
Digital relays are equipped with communication interfaces, enabling seamless integration into supervisory control and data acquisition (SCADA) systems and other communication networks. This facilitates real-time monitoring, data exchange, and remote control, enhancing overall grid visibility and management.
The increasing adoption of smart grids, which involve the integration of digital technologies for efficient energy management, has driven the demand for digital relays. These relays are integral to the implementation of smart grid functionalities, including demand response, grid automation, and the integration of renewable energy sources.
Digital relays often come with diagnostic features that provide insights into the health and performance of the power system. This diagnostic information aids in predictive maintenance, reducing downtime, and enhancing the overall reliability of the electrical infrastructure.
Digital relays are often designed to comply with international standards such as IEC 61850, which defines communication protocols for the substation automation and integration of intelligent electronic devices. This standardization facilitates interoperability between devices from different manufacturers and contributes to the seamless integration of digital relays into diverse systems.
Recognizing the increasing importance of cybersecurity in critical infrastructure, digital relays often incorporate robust security features. This includes secure communication protocols, encryption, and authentication mechanisms to protect against cyber threats.
Over time, advancements in technology have led to increased cost-effectiveness in the production of digital relays. The decreasing costs, coupled with the benefits offered by these relays in terms of advanced protection and control, make them an attractive and economically viable choice for utilities and industries.
Regional Insights
North America held the largest market share in 2023. North America's dominance in the global Intelligent Electronic Devices (IEDs) market can be attributed to several key factors that collectively contribute to its strong position in this industry. Firstly, North America boasts a robust infrastructure for technological innovation and development, with leading companies and research institutions driving advancements in IEDs. The region is home to major players in the field of electronics, software, and automation, providing a fertile ground for the creation and adoption of cutting-edge technologies.
North America has been at the forefront of deploying smart grid technologies, which rely heavily on intelligent electronic devices for monitoring, control, and optimization of power distribution systems. The region's commitment to modernizing its energy infrastructure, coupled with government initiatives and regulatory support, has accelerated the adoption of IEDs across utilities and energy companies.
The thriving industrial sector in North America, particularly within the framework of Industry 4.0, has fueled the demand for intelligent electronic devices. As manufacturers embrace automation, connectivity, and data-driven decision-making, there is a growing need for advanced sensors, controllers, and other IEDs to optimize production processes and enhance operational efficiency. North American industries, ranging from automotive and aerospace to pharmaceuticals and consumer goods, rely on IEDs to maintain competitiveness in a global market.
The region's strong focus on cybersecurity and data privacy has bolstered confidence in the adoption of intelligent electronic devices. With increasing connectivity and digitization, safeguarding critical infrastructure and sensitive information is paramount. North American companies are investing heavily in developing secure and resilient IEDs to protect against cyber threats and ensure the reliability of essential systems.
North America's large market size and high purchasing power contribute to its dominance in the global IEDs market. The region represents a significant portion of the world's economy, providing ample opportunities for manufacturers and suppliers of intelligent electronic devices to thrive. Additionally, the presence of a skilled workforce and supportive business environment fosters innovation and entrepreneurship in the field of IEDs.
ABB Ltd
Schneider Electric S.E.
Siemens AG
Honeywell International Inc.
Eaton Corporation plc
Rockwell Automation Inc.
General Electric Company
Cisco Systems Inc.
NovaTech LLC
SUBNET Solutions Inc.
In this report, the Global Intelligent Electronic Devices Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
United States
Canada
Mexico
France
United Kingdom
Italy
Germany
Spain
China
India
Japan
Australia
South Korea
Brazil
Argentina
Colombia
South Africa
Saudi Arabia
UAE
Kuwait
Turkey
Company Profiles: Detailed analysis of the major companies present in the Global Intelligent Electronic Devices Market.
Global Intelligent Electronic Devices Market report with the given Market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional Market players (up to five).