Modular Switch Market in India 2015-2019
About Modular Switches
Modular switches are high capability switches and can be customized as per the requirement. They are different from traditional switches in design, operational efficiency, ease of installation, and aesthetic appearance.
Technavio's analysts forecast the modular switch market in India to grow at a CAGR of 20.33% during 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the modular switch market in India during 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of modular switches by the commercial/residential and professional end-users segments.
Technavio's report, Modular Switch Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Modular Switch Market in India 2015-2019
Technavio recognizes the following companies as the key players in the Modular Switch Market in India: Anchor Electricals, Havells India, Honeywell Electrical Devices and Systems India, Legrand India and Wipro
Other Prominent Vendors in the market are: ABB, GE, GM, Kolors, Orpat, Philips Electronics, Pretty and Schneider Electric
Commenting on the report, an analyst from Technavio’s team said: “Many vendors are developing advanced modular switches with improved energy efficiency and reduced maintenance costs. Development of integrated automation systems has led to improvement and triggered the development of advanced integrated modular switches. They can be integrated with automation systems to improve overall operating efficiency. Therefore, development of advanced and next-generation modular switches is a trend that is expected to gain more traction in the coming years and propel overall market growth.”
According to the report, the modular switch market in India is driven by the construction industry, which is growing rapidly. The number of commercial buildings and residential apartments is increasing in tier I cities and metro cities.
Further, the report states that some households and commercial users prefer low-cost modular switches from Chinese vendors, which affects the growth of vendors in the modular switch market in India.
Anchor Electricals, Havells India, Honeywell Electrical Devices and Systems India, Legrand India, Wipro, ABB, GE, GM, Kolors, Orpat, Philips Electronics, Pretty, Schneider Electric
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