London, 04 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Switch Market in India 2015-2019, which is expected to grow at a CAGR of 18.13 percent during 2014-2019.
The Switch market in India is growing significantly in Western India, followed by the southern part of the country. Vendors are campaigning for the popularity of modular switches in Eastern India, where the market is exhibiting huge growth potential, especially when it comes to modular switches.
“Vendors in the Switch market in India are investing large amounts of money in brand-building activities to differentiate their products and brands,” says Faisal Ghaus, Vice President of TechNavio.
“Vendors are trying to change end-user perceptions about modular switches and create awareness of modular switches among end-users.”
Key Market Drivers
- Rapid Growth in Real Estate Industry
- Growing Urbanization in India
- Growth in Building Interior Sector
Key Market Trends
- Development of Advanced Modular Switches
- Focus on Brand Building
- Increase in M&A
- Demand for Eco-friendly Modular Switches
Key Market Vendors
- Anchor Electricals Pvt. Ltd.
- Havells India Ltd.
- Honeywell Electrical Devices and Systems India Ltd.
- Legrand India Pvt. Ltd
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
