Technavio Establishes Rapid Growth in the Real Estate Industry Will Improve the Modular Switch Market in India Through 2019
July 23, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the modular switch market in India,which is expected to grow at a CAGR exceeding 20% from 2015-2019.
About the Report
The latest report by Technavio discusses the modular switch market in India, which is driven mainly by the rapidly growing construction industry. The number of commercial buildings and residential apartments is increasing in tier I cities and metro cities.
“All types of buildings require switches to be installed. Hence, an increase in the number of residential and commercial buildings in India is driving the demand for switches,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also highlights the vast number of vendors that are developing advanced modular switches with improved energy efficiency and reduced maintenance costs.
“The development of advanced and next-generation modular switches is a trend that is expected to gain more traction in the coming years and drive the overall market growth,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the modular switch market in India from 2015-2019. To calculate the market size and vendor share, the report considers the revenue generated from sales of switches from various end-users such as commercial/residential and professional.
Key Information Covered in the Report:
- Key Vendors:
- Anchor Electricals Pvt. Ltd.
- Havells India Ltd.
- Honeywell Electrical Devices and Systems India Ltd.
- Legrand India Pvt. Ltd.
- Wipro
- Market Growth Drivers:
- Rapid Growth in Real Estate Industry
- For a full detailed list, view our report.
- Market Challenges:
- High Cost of Modular Switches
- For a full detailed list, view our report.
- Market Trends:
- Development of Advanced Modular Switches
- For a full detailed list, view our report.
Technaviocurrently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the switch market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150723005458/en/
Technavio Research
Jesse Maida
US: +1-630-333-9501
UK: +44-208-123-1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
