India Electrical Switches Market By Type (Modular and Non-Modular), By Application (Residential and Non-Residential), Competition Forecast & Opportunities, 2013 – 2023

India electrical switches market is projected to grow at a CAGR of more than 12% by 2023, on the back of increasing number of projects in construction and real estate markets, especially in the residential segment across the country. Owing to the aesthetics of modular switches, strong demand is being witnessed from the residential sector, as more and more people are replacing their old switches with modular switches that complement their wall paints and interior designing. Moreover, supportive government initiatives, rising per capita income and declining prices of modular switches are some of the other factors that are expected to positively influence the electrical switches market in India during forecast period.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

• To analyze and forecast India electrical switches market.
• To define, classify and forecast India electrical switches market on the basis of type, application and region.
• To assess the detailed market segmentation and forecast the market size, in terms of value & volume, by segmenting India electrical switches market into regions, namely – South, West, North and East.
• To identify the tailwinds and headwinds for India electrical switches market.
• To identify the drivers and challenges for India electrical switches market.
• To strategically profile leading players operating in India electrical switches market.  

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Some of the major players operating in India electrical switches market are Anchor Electricals Pvt. Ltd., Legrand India Pvt. Ltd, Havells India Ltd., GM Modular Pvt. Ltd Honeywell Electrical Devices and Systems India Ltd., Schneider Electric India Pvt. Ltd., Philips Lighting India Limited, Wipro Enterprises Private Ltd., ABB India Limited, GoldMedal Electricals Pvt. Ltd., etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of electrical switch companies across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the offerings, distribution channels, and presence of all major electrical switch companies in India.

TechSci Research calculated India electrical switches market size using a bottom-up approach, where data for different type (modular & non-modular) were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as IEEMA, NITI Ayog, World Bank, Central Electricity Authority, company websites, annual reports, press releases, etc., were also studied by TechSci Research.

Key Target Audience:

• Electrical switch manufacturers, distributors and other stakeholders
• Raw material suppliers
• Associations, organizations, forums and alliances related to electrical switches market
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as electrical switch manufacturers, distributors, etc. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India electrical switches market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

• Market, by Type:
• Modular
• Non-Modular
• Market, by Application:
• Residential
• Non-Residential
• Market, by Geography:
• South
• West
• North
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India electrical switches market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Customer Profiling

•         Detailed analysis and profiling of additional market players (up to five)