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This research report projects the global intelligent electronic devices market to reach over USD 100 billion, in terms of revenue, by 2019. This market is driven by the demand for reducing transmission and power distribution (T&D) losses. For instance, the US is facing annual T&D losses to the tune of approximately 6%-8% of the overall electricity generated in the country.
The demand for substation automation from countries such as India and China is also positively impacting the IED market. The global substation automation market was valued at around USD 99 billion in 2014, and it is predicted to significantly drive the IED market. Its growth is expected to accelerate the demand for IEDs to help monitor and protect power transformers from overcurrent and overvoltage damages.
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