Report Code: A08321 | Pages: NA | Mar 2023 | 1269 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Modular Switch Market
Request Now !Modular switch is a computer network switch with high capability that can be modified using field replaceable units. A modular switch is an upgraded version of traditional switches that provides additional safety, customization, and variety to consumers. Modular switches can be customized according to a customer’s requirement and are different from traditional switches, in terms of design, operational efficiency, ease of installation, and aesthetic appearance. Feasibility of modular switches has led to their utilization in many applications across verticals such as commercial and residential buildings, IT & telecommunication sector, hospitality, healthcare, and retail.Â
Implementation of modular switches provides numerous advantages including: modular switches are elegant in design and features which add to the home décor, modular switches are child proof making them suitable for residential areas, modular switches also offer various features like automation, signaling, protection, data transmission and innovation, conventional switches do not include safety and efficiency which are offered by modular switches making modular switches a better option for the consumers, and modular switches are versatile and multifunctional compared to the conventional ones.
COVID-19 scenario Analysis:Â
There is a huge demand for modular switches in the residential sector as customers are replacing old switches with modular switches that suit their wall paints and interior designing due to the aesthetics of modular switches. In addition, factors such as supportive government initiatives, rise in per capita income and decreasing prices of modular switches are anticipated to drive the growth of modular switch market. Due to the rapid growth in the construction sector globally, the global market is expected to experience a positive change. The easy availability of the modular switches, coupled with a robust supply chain, has helped the modular switch market grow exponentially all across the world.Â
The global modular switch market trends are as follows:
Adoption of smart and aesthetic modular switches among end users for industrial safety and security is expected to drive the growth of global modular switch market. Moreover, features of modular switches like low-priced, childproof, flame-proof have enabled low-income groups to be inclined towards adopting these switches.
Due to rapid growth in the construction sector, especially in China and India, the global modular switch market is expected to experience a rapid growth. Furthermore, government rules and regulations regarding the deployment of modular switches in residential and commercial areas are expected to encourage builders and contractor to install modular switches in their construction sites
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Questions answered in the modular switch market research report:
Modular Switch Market Report Highlights
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Key Market Players | Anchor Electricals, Havells India, Honeywell Electrical Devices and Systems India, Legrand India, Wipro, ABB, GE, GM, Kolors, Orpat. |
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