Wednesday 22 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Switch Market in India: Anchor Electricals Pvt. Ltd., Havells India Ltd., Honeywell Electrical Devices and Systems India Ltd. and Legrand India Pvt. Ltd
Other Prominent Vendors in the market are: ABB, GE, GM, Kolors, Orpat, Philips Electronics, Pretty, Schneider Electric and Wipro.
The report said: “Development of advanced modular switches is one of the major trends being witnessed in the market. Vendors are developing advanced modular switches that are energy efficient and require less maintenance. Development of integrated automation systems has led to improvement and triggered development of advanced integrated modular switches.”
According to the report, rapid growth in real estate industry is one of the key drivers propelling market growth. The construction industry in India has grown rapidly over the years. Most of the builders in the country prefer good quality modular and non-modular switches to use as special features in the buildings.
Further, the report states that high cost of modular switches is one of the major challenges that the market faces. The cost of modular switches has increased considerably. Many households prefer traditional switches rather than modular switches because of high cost of the latter.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.