Intelligent Electronic Devices Market size is analyzed to grow at a CAGR of 7.8% during the forecast period 2022-2027 to reach $19.31 billion by 2027. In the electric power industry, an Intelligent Electronic Device (IED) is a word used to designate microprocessor-based controllers of power system equipment. Intelligent Electronic Devices take data from sensors and power equipment and can give control commands such as tripping circuit breakers or raising/lowering voltage levels to maintain the desired level if they detect voltage, current, or frequency anomalies. In order to enable enhanced power automation, an intelligent electronic device is added to industrial control systems. This device is designed for a variety of applications including communication, metering, network monitoring, and control. Intelligent Electronic Devices Increase Availability, Power Quality in Power Distribution Networks. The Smart Grid idea, as well as the development of Distributed Generator (DG), nece...