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Tuesday, August 29, 2023

Automation is expected to remain the largest segment in the global intelligent electronic device market

An exciting new study from the team of Lucintel found that intelligent electronic device market is expected to reach $19.7 billion by 2028 with a CAGR of 8%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.

The intelligent electronic device market is segmented based on product type, application, end use industry, and regions. In this market, automation is expected to remain the largest application, and oil & gas segment is expected to remain the largest end use industry. Players can benefit from the available opportunities like the supportive government investment in the power and energy sector and growing number of solar and other replenishing-enabled energy plants in the region.

ABB, Cisco Systems, Black & Veatch, Honeywell International, and Eaton are some of the major players profiled in this 150 page report.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the intelligent electronic device market by product type (on-load tap changer controller, circuit breaker controller, capacitor bank switch, reclose controller, voltage regulator, digital relay, and protective relaying device), application (mass transit system, traction signaling & control system, water supply & management system, automation, and condition monitoring), end use industry (oil & gas, food & beverage, automotive, energy & power, pharmaceutical, chemicals, and others), and region?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the intelligent electronic device market?

Q.4 What are some changing demands of customers in the intelligent electronic device market?

Q.5 What are the new developments in the intelligent electronic device market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this intelligent electronic device area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this intelligent electronic device market?

This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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