India Electric Switches Market (2020-2026) | Trends, Industry, Segmentation, Share, Analysis, Growth, Size, Revenue, Value, Outlook & COVID-19 IMPACT

Market Forecast By Type (Traditional electrical switch, Smart electrical switch ), By End-Users (Commercial, Residential, Other) And Competitive Landscape

Product Code: ETC018404 Publication Date: Oct 2020 Updated Date: Jun 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Electric Switches Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by Germany. It has registered a growth of 46.84% over the previous year. While Germany registered a growth of 51.13% as compare to the previous year. In the year 2017 China was the largest exporter followed by Korea. In term of Herfindahl Index, which measures the competitiveness of countries exporting, India has the Herfindahl index of 1140 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1100 which signifies high competitiveness in the market.

India Electric Switches Market | Country-Wise Share and Competition AnalysisIndia Electric Switches Market - Export Market Opportunities

India Electric Switches Market - Export Market Opportunities

Topics Covered in the India Electric Switches Market

India Electric Switches Market report thoroughly covers the market by type and by end users. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the India Electric Switches Market

India Electric Switches Market is experiencing a prominent growth in the country with several promising latest developments in recent times. One of the latest opportunities creating a positive impact on the electric switches demand is rapid urbanization, leading to higher electricity demand and simultaneously electric switches. Additionally, rising demand for smart switches as customers looking for convenience with the rising home automation technologies this factor is likely to boost the India Electric Switches Market growth. Furthermore, the rising smart homes development is bolstering the smart and modular electrical appliances, come with detachable options and easy to operate & install, this is one of the great opportunities which estimated to surge the growth of the Electric Switches Market in the country.

India Electric Switches Market Synopsis

India Electric Switches Market is estimated to secure a considerable growth in the country underpinned by various growing factors such as a rapid urbanization, increasing income levels, and rising demand for energy efficient electric switches. However, fluctuation in raw materials prices affect over the product prices, leads to price volatility is a challenge to the market growth. Moreover,  population becoming aware about the sustainable environment, this drives the demand for eco-friendly electric switches made by using sustainable materials is estimated to leave a positive impact on the market growth.

According to 6Wresearch, the India Electric Switches Market size is anticipated to grow at a higher rate during 2020-2026.  The market is driven by the increasing infrastructure development of houses tends increasing electricity demand along with electric switches. Additionally, an increase in the disposable income which allow them to spend on premium and advanced range electric switches, which leaves a favourable impact on the Electric Switches Market in the country. On the other side, massive competition from local manufacturers and low import priced manufactures can be quite challenging for the new entrants. However, market has a huge potential to grow significantly in the country due to the rising adoption of energy efficient electric switches by the population to serve both the purposes like reducing electricity cost and reducing GHG level, this is estimated to augment the growth of the Electric Switches Market in India.

COVID-19 Impact on the India Electric Switches Market

The COVID-19 had a significant influence on the India Electric Switches Market which is a part of the Asia Pacific electric switches market. With the shutdown of stores due to the pandemic led to reduce the product demand. In addition to this, ceased in the product supply due to major disruption on travel practices and this led to decline the electric installations and had further affected the growth of the Electric Switches Market.

Key players in the India Electric Switches Market

Some are the major players mentioned below in the list, who have been developing an advanced range of electric switches to offer greater flexibility.

  • Schneider Electric India Pvt. Ltd.
  • Anchor Electricals Pvt. Ltd.
  • GM Modular Pvt. Ltd.
  • Philips Electronics India Ltd.
  • Wipro Lighting
  • Honeywell Electrical Devices and Systems India Ltd.
  • Siemens Ltd.
  • ABB India Ltd.

Market Analysis by Type

According to Ravi Bhandari, Research Head, 6WResearch, the smart switches segment is likely to bolstering the India Electric Switches Market shares in the country, driven by the rising consumers spending on the purchase of smart switches to attain more convenience.

Market Analysis by End Users

Based on the end users, both the commercial and residential sectors are securing a high demand for the electric switches in the country, followed by the rising expansion of the both the sectors, moreover, the rising income levels, energy efficient switches demand.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2019.
  • Base Year: 2019.
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • India Electric Switches Market Outlook
  • Market Size of India Electric Switches Market, 2019
  • Forecast of India Electric Switches Market, 2026
  • Historical Data and Forecast of India Electric Switches Revenues & Volume for the Period 2016 - 2026
  • India Electric Switches Market Trend Evolution
  • India Electric Switches Market Drivers and Challenges
  • India Electric Switches Price Trends
  • India Electric Switches Porter's Five Forces
  • India Electric Switches Industry Life Cycle
  • Historical Data and Forecast of India Electric Switches Market Revenues & Volume By Type for the Period 2016 - 2026
  • Historical Data and Forecast of India Electric Switches Market Revenues & Volume By Traditional electrical switch for the Period 2016 - 2026
  • Historical Data and Forecast of India Electric Switches Market Revenues & Volume By Smart electrical switch? for the Period 2016 - 2026
  • Historical Data and Forecast of India Electric Switches Market Revenues & Volume By End-Users for the Period 2016 - 2026
  • Historical Data and Forecast of India Electric Switches Market Revenues & Volume By Commercial for the Period 2016 - 2026
  • Historical Data and Forecast of India Electric Switches Market Revenues & Volume By Residential for the Period 2016 - 2026
  • Historical Data and Forecast of India Electric Switches Market Revenues & Volume By Other for the Period 2016 - 2026
  • India Electric Switches Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By End-Users
  • India Electric Switches Top Companies Market Share
  • India Electric Switches Competitive Benchmarking By Technical and Operational Parameters
  • India Electric Switches Company Profiles
  • India Electric Switches Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

  • Traditional Electrical Switch
  • Smart Electrical Switch

By End-Users

  • Commercial
  • Residential
  • Other
India Electric Switches Market: FAQs
Rising electric switches demand across various end sectors, rising adoption of smart switches, and rapid urbanization in the country. These are some growth proliferating drivers of the India electric switches market.
The commercial and residential sectors both are witnessing a high product demand with the rising construction of houses and commercial places.
Siemens AG, ABB Ltd., Honeywell International Inc., Eaton Corporation plc, Wipro Limited, and Havells India Ltd. are some prominent key players in the India Electric Switches Market.
The rising integration of smart technologies into electric switches, rising installation in the growing residential sector, and the rising demand for smart switches by the customers to attain modernization and convenience.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Electric Switches Market Overview

3.1 India Electric Switches Market Revenues & Volume, 2016 & 2026F

3.2 India Electric Switches Market - Industry Life Cycle

3.3 India Electric Switches Market - Porter's Five Forces

3.4 India Electric Switches Market Revenues & Volume Share, By Type, 2019 & 2026F

3.5 India Electric Switches Market Revenues & Volume Share, By End-Users, 2019 & 2026F

4 India Electric Switches Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Electric Switches Market Trends

6 India Electric Switches Market Segmentation

6.1 India Electric Switches Market, By Type

6.1.1 Overview and Analysis

6.1.2 India Electric Switches Market Revenues & Volume, By Type, 2016 - 2026F

6.1.3 India Electric Switches Market Revenues & Volume, By Traditional electrical switch, 2016 - 2026F

6.1.4 India Electric Switches Market Revenues & Volume, By Smart electrical switch , 2016 - 2026F

6.2 India Electric Switches Market, By End-Users

6.2.1 Overview and Analysis

6.2.2 India Electric Switches Market Revenues & Volume, By Commercial, 2016 - 2026F

6.2.3 India Electric Switches Market Revenues & Volume, By Residential, 2016 - 2026F

6.2.4 India Electric Switches Market Revenues & Volume, By Other, 2016 - 2026F

7 India Electric Switches Market Import-Export Trade Statistics

7.1 India Electric Switches Market Export to Major Countries

7.2 India Electric Switches Market Imports from Major Countries

8 India Electric Switches Market Key Performance Indicators

9 India Electric Switches Market - Opportunity Assessment

9.1 India Electric Switches Market Opportunity Assessment, By Type, 2019 & 2026F

9.2 India Electric Switches Market Opportunity Assessment, By End-Users, 2019 & 2026F

10 India Electric Switches Market - Competitive Landscape

10.1 India Electric Switches Market Revenue Share, By Companies, 2019

10.2 India Electric Switches Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

 

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