India Electrical Switches Market Forecast and Opportunities, 2023_Brochure

I nd i a Ele ct r i ca l S w i tch e s Ma r ke t B y Ty p e , B y A p p li ca t i o n, C o m p e t i t i o n Fo re ca s t & O p p o r t u ni t i e s , 2013 – 2023

Published: May, 2018

Market Intelligence . Consulting

Ta b l e o f C o n t e n t s S. No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Analyst View

4.

Global Electrical Switches Market Overview

5.

Voice of Customer 5.1.

Switch Users, By Type

5.2.

Modular Switch, By Price Range

5.3.

Modular Switch, By Satisfaction of Current Switches

5.4.

Factors Influencing Purchase Decision

5.5.

Modular Switch, By Availability

6.

India Electrical Switches Market Landscape

7.

India Electrical Switches Market Outlook 7.1.

Market Size & Forecast

7.1.1.

7.2.

8.

By Value & Volume

Market Share & Forecast 7.2.1.

By Type (Modular and Non-Modular)

7.2.2.

By Application (Residential and Non-Residential)

7.2.3.

By Region (North, East, West & South)

7.2.4.

By Company

India Electrical Switches Market Attractiveness Index 8.1.

By Type

8.2.

By Application

8.3.

By Region

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Ta b l e o f C o n t e n t s S. No. 9.

Contents India Modular Electrical Switches Market Outlook 9.1.

Market Size & Forecast 9.1.1.

9.2.

10.

Market Share & Forecast

9.2.1.

By Application

9.2.2.

By Region

9.2.3.

By Company

India Non-Modular Electrical Switches Market Outlook 10.1.

Market Size & Forecast 10.1.1.

10.2.

11.

By Value & Volume

By Value & Volume

Market Share & Forecast 10.2.1.

By Application

10.2.2.

By Region

10.2.3.

By Company

Market Dynamics

11.1.

Impact Analysis

11.2.

Drivers

11.3.

Challenges

12.

Market Trends & Developments

13.

Price Point Analysis

14.

Policy & Regulatory Landscape

15.

Value Chain Analysis

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Ta b l e o f C o n t e n t s S. No.

Contents

16.

India Economic Profile

17.

Trade Dynamics

18.

Competitive Landscape 18.1.

Competitive Benchmarking

18.2.

Company Profiles 18.2.1.

Anchor Electricals Pvt. Ltd.

18.2.2.

Legrand India Pvt. Ltd.

18.2.3.

Havells India Ltd.

18.2.4.

GM Modular Pvt. Ltd.

18.2.5.

Honeywell Electrical Devices and Systems India Ltd.

18.2.6.

Wipro Enterprise Private Ltd.

18.2.7.

Philips Lighting India Limited

18.2.8.

ABB India Limited

18.2.9.

Schneider Electric India Pvt. Ltd.

18.2.10.

GoldMedal Electricals Pvt. Ltd.

19.

Strategic Recommendations

20.

About Us & Disclaimer

4 TechSci Research

P ro duct O ve rv i e w •

Electrical switch is a device that can make or break the current in an electric circuit and is used to control electrical equipment such as lighting products, fans, coolers, refrigerators, etc.

•

Electrical switches are of two types - Modular and Non-Modular.

Modula r Switc hes: These Switches belongs the latest generation of switches where they offer a number benefits such as safety, convenience and ease of usage over conventional type of switches.

These switches comes with no cables associated with the switches.

Non-Modular Switches: These switches belongs to later generation with lesser durability and safety features. It also comes with all cables attached.

5 © TechSci Research

Research Methodology Baseline Methodology: •

Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of India electrical switches market. The team has analyzed various industry segments and speculated a positive future

for the industry. Taking into consideration the technological developments, capital invest ments, etc., our team of analysts has provided a prudent analysis of the industry’s performance in the future. This would enable our clients in planning their invest ment decisions and exploring growth opportunities in India electrical switches market.

•

For our study, we have gathered information through primary research surveys with multiple respondents in India electrical switches market, followed by an exhaustive search of credible paid databases. Our team of experts has then prudently evaluated all the collected information and organized it in chronological order to depict a meaningful and clear picture of the market.

•

In addition, w hile compiling the data, we have also validated all the collected information from multiple sources and data warehouses in order to present the most accurate and precise information of the concerned industry.

We have also identified and analyzed all emerging trends, including the important drivers and challenges that the industry is confronting. We have also presented industry forecasts based on our in-depth analysis of the market dynamics, prevalent trends, major developments and growth opportunities.

•

Note: Currency exchange rate taken in the report for 2013-2023 is 1 USD = INR 67.08.

Companies Interviewed

Anchor Electricals, Havells, Legrand India, GM Modular, Honeywell Electrical, ABB, Wipro

Sources:

Company Website, Annual Reports, Press Releases, Associations, etc.

6 © TechSci Research

Industry Brief India Electrical Switches Market to Grow at more than 12% According to TechSci Research report, “India Electrical Switches Market By Type, By Application, Competition Forecast& Opportunities, 2013 – 2023’’, electrical switches market in India is projected to grow at a CAGR of 12.4% during 2018-2023. Growth in the market would be driven by rising focus on electrification of rural households across the country, growing urbanization and declining prices of modular switches. Moreover, expanding real estate and construction markets, increasing demand for aesthetically designed modular switches, rising per capita income and government initiatives such as Smart Cities Mission are expected to aid the market in the coming years. Government approval for 100% Foreign Direct Investment in the construction development sector under the automatic route would further support India electrical switches market over the course of next five years. well, the segment is expected to grow at the fastest CAGR, owing to shrinking demand for non-modular switches and a number of leading players manufacturing only modular switches. Among the end use sectors, residential sector accounts for the largest share in the market, on the back of increasing number of households in the country. Anchor Electricals Pvt. Ltd., Legrand India Pvt. Ltd, Havells India Ltd. and GM Modular Pvt. Ltd. are some of the major companies operating in India electrical switches market.

South India is the largest demand generating region in India electrical switches market, on account of increasing construction activities across the southern states, rising urbanization and presence of IT hubs such as Bengaluru, Hyderabad and Chennai. However, over the next five years, electrical switches market in North India is anticipated to register the fastest growth, backed by increasing pace of development across residential and commercial real estate sectors. Growing electrification across rural India and increasing focus on offering uninterrupted power supply across Tier-II & Tier-III cities is also expected to positively impact the electrical switches market in India until 2023.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

7 © TechSci Research

Sample Data -Snapshot Figure

6:

Market

India

Size,

By

Electrical

Switches

Value,

2013(USD

Million) CA GR (20132017) X%

Figure

15:

India

Electrical

Switches

Market

Attractiveness Index, By Region, By Value, 2018E-

2023F

Figure 1: Switch Users, By Type (N=X), 2018

South

13.00%

North 50.00%

50.00%

12.50%

Wes t 2013

2014

2015

2016

2017

12.00%

Figure 7: India Electrical Switches Market Size, By Volume, 2013 (Million Units) CA GR (2018E2023F) X%

Ea s t

Modular

11.50%

11.00% 1.00

Non-Modular

1.50

2.00

2.50

Figure 19: India Modular Electrical Switches Market Share, By Region, By Value, 2013-2023F 4 5 .0 0%4 5 .0 0%4 5 .0 0%4 5 .0 0%4 5 .0 0%4 5 .0 0%4 5 .0 0%4 5 .0 0%4 5 .0 0%4 5 .0 0%4 5 .0 0% 2018E

2019F

2020F

2021F

2022F

2023F

Figure 9: India Electrical Switches Market Share, By Application, By Value, 2013-2023F

2 5 .0 0%2 5 .0 0%2 5 .0 0%2 5 .0 0%2 5 .0 0%2 5 .0 0%2 5 .0 0%2 5 .0 0%2 5 .0 0%2 5 .0 0%2 5 .0 0%

9 0 .0 0% 9 0 .0 0% 9 0 .0 0% 9 0 .0 0% 9 0 .0 0% 9 0 .0 0% 9 0 .0 0% 9 0 .0 0% 9 0 .0 0% 9 0 .0 0% 9 0 .0 0% 1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0% 1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%1 5 .0 0%

1 0 .0 0% 1 0 .0 0% 1 0 .0 0% 1 0 .0 0% 1 0 .0 0% 1 0 .0 0% 1 0 .0 0% 1 0 .0 0% 1 0 .0 0% 1 0 .0 0% 1 0 .0 0%

2013 2014 2015 2016 2017 2018E 2019F 2020F 2021F 2022F 2023F Non-Residential Residential

2013

2014

2015

South

2016

2017 West

2018E

2019F

2020F North

2021F

2022F

2023F

East

Source: XXXXX Note: These are dummy figures; please purchase our report for actual data

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on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Disclaimer:

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the Userof such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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