Intelligent Electronic Devices Market Is Predicted To Achieve A Valuation Of US$ 25 Billion By 2033
The global intelligent electronic devices market is set to garner US$ 25 billion by 2033, advancing at 5.2% CAGR from 2023 to 2033, as per a new industry analysis by Fact.MR, a market research and competitive intelligence provider. In the electric power industry, an intelligent electronic device (IED) is utilized to describe microprocessor-based controllers of power system equipment. If intelligent electronic devices detect current, voltage, or frequency anomalies, they can give control commands, such as triggering a circuit breaker or lower/raise voltage levels to maintain the intended level. Download a Free Sample Copy of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=8377 A typical intelligent electronic device has 5-12 protection functions, 5-8 control functions for communication, self-monitoring, controlling independent devices, and other features. Hence, they are appropriately termed intelligent electronic devices. Some modern intel...