Modular switches are customizable, high-capacity switches that have outpaced traditional switches in terms of design, ease of installation, operational efficiency, and appearance. These switches are available at affordable prices and are equipped with advanced technologies such as Internet connectivity, USB sockets, and childproof shutters, among others. These are safer and convenient to operate as compared to conventional switches.
These switches incorporate two types of components: switches, sockets, & other accessories; and mounting plates for placing the switch. Enhanced safety measures, vibrant colors, advanced technology, smooth operation, and lower costs of maintenance are the characteristics features of modular switches.
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Modular switches comply with the government regulations regarding safety in household, commercial, and industrial sectors. These switches are more expensive than non-modular switches, owing to their higher capacity and advanced safety features. The modular switch market is driven by factors such as electrical safety concerns, compliance to safety regulations, and rapid growth of the real estate industry.
The market is segmented on the basis of sales channel, price level, vertical, and region. Based on sales and distribution of modular switches, the market is segmented into direct sales, sales through intermediaries, dual distribution, and reverse channel.
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Based on price level, the market is divided into low, medium, high, premium, and luxury levels. The low level subsegment includes modular switches priced $5 and below, whereas modular switches priced $6-$10 are included in the medium level subsegment. The high level subsegment consists of modular switches in the price range of $11-$20, while switches in the price range of $21-$30 are included in the premium level subsegment. The luxury subsegment consists of modular switches in the price range $30 and above.
The market is segmented by vertical into residential, industrial, hospitality, healthcare, retail, IT & telecom, and others (government and educational institutions). The regional segmentation consists of North India, East India, West India, and South India.
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The key players operating in the market include Havells India Limited, Legrand Group, Anchor Electricals Pvt. Ltd. (Panasonic Corporation), GM Modular, Koninklijke Philips N.V., Schneider Electric SA, Wipro Lighting, ORPAT Group, ABB Group, and KOLORS.
The report includes an extensive analysis of the factors that drive and restrict the growth of Indian modular switch market.
The report provides quantitative as well as qualitative trends to help stakeholders in understanding the prevailing market scenario.
The report provides in-depth analysis of key market segments based on price level, sales channel, and verticals to understand the regional market trends.
Competitive intelligence of market highlights the business practices followed by market players operating across various geographies.
According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.
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This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).
Key Market Segments
The market is segmented on the basis of sales channel, price level, vertical, and region.
BY SALES CHANNEL
Sales Through Intermediaries
Online Sales and Dual Distribution
BY PRICE LEVEL
Low Level ($5 and below)
Medium Level (above $5-$10)
High Level (above $10-$20)
Premium Level (above $20-$30)
Luxury Level (above $30)
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IT & Telecom Sector
Others (Government, Educational Institutions)
What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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This market report shows the projected market size for the Multi-Cloud Management Market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market’s growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
This report covers aspects of the regional analysis market.
The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
Reports on the market include the growth rate of every region, based on their countries over the forecast period.
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The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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