Electrical switches are devices that are in general used to establish electrical connections as well disconnect them as and when required. They can be of the following two types:
- Modular Switches
- Non-modular Switches
A modular switch is a device that is widely used to create establish and disconnect an electric circuit. It is a perfect blend of research and innovation that separates it from the traditional switch in terms of design, operational efficiency, ease of installation, and aesthetic appearance. The requirement for each and every household varies and is unique, depending on the number of switches needed along with the number of sockets required. Modular switches offer flexibility when it comes to the customized need of end-users. On the other hand, non-modular switch is the traditional switch that is being used by the consumers from the beginning. Before modular switches came into the picture, these non-modular switches were the most widely used devices all over the country.
Analysts forecast the Switches Market in India to grow at a CAGR of 18.13 percent over the period 2015-2019.
This report covers the present scenario and the growth prospects of the Switches market in India during the period 2015-2019. For ascertaining the market size and vendor share the report considers the revenue obtained from the sales of Switches.
The Switches market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Switches market in India landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Anchor Electricals Pvt. Ltd.
- Havells India Ltd.
- Honeywell Electrical Devices and Systems India Ltd.
- Legrand India Pvt. Ltd
Other Prominent Vendors
- Philips Electronics
- Schneider Electric
- Rapid Growth of the Real Estate Industry
- High Cost of Modular Switches
- Advanced Modular Switches
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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