Intelligent Electronic Devices Market, by Type (Protective Relaying Device, On-Load Tap Changer Cont

Soham26 Nov, 2021Technology

Growing number of smart grid initiatives across the globe is leading to implementation of a large number of intelligent electronic devices (IEDs). Intelligent electronic devices facilitate advanced power automation and detection of abnormal operating states and faults of the power system equipment. Intelligent electronic device is a critical component of substation automation system. These devices are used for various functions such as power monitoring, control, metering, and communications. These devices also provide power fault reporting in case of system failures. However, lack of standard protocol for interrogation of substation equipment is expected to hamper the growth of this market. Intelligent electronic devices have several benefits including optimization of capital assets and enhancing operations with minimal human intervention.