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Modular Switch Market by Sales Channel (Direct Sales, Sales through Intermediaries, Online, and Dual Distribution) and Industry Vertical (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2027

A08321
Pages: NA
Aug 2021 | 281 Views
 
Author(s) : NA
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Modular Switch Market Outlook - 2027

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. 

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.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Sales Channel, Industry Vertical

  Regions covered

North America (Canada, Mexico, U.S.), Europe (France, Germany, UK, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific), LAMEA (Africa, Latin America, Middle East)

  Companies covered

Major players analyzed are Anchor Electricals, Havells India, Honeywell Electrical Devices and Systems India, Legrand India, Wipro, ABB, GE, GM, Kolors, Orpat.

 

COVID-19 scenario Analysis: 

  • COVID-19 outbreak has caused a temporary delay in production, increased cost and revenue losses in the modular switch market.
  • Havells India has temporarily suspended its Call Centre operations and restricted its movements due to COVID-19 outbreak which may affect its field services.
  • Legrand India is supporting the society through its electrical products such as protection devices, wiring devices and UPS for hospitals and healthcare facilities throughout India.
  • ABB is experiencing decline in trading conditions due to COVID-19 outbreak, however its business in China is stabilizing owing to the local government’s extensive efforts in February. ABB’s revenue is expected to decline compared to its last year’s revenue.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

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. 

The global modular switch market trends are as follows:

Increase in concerns of end users toward industrial safety 

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.

Rapid growth in construction sector to drive the market growth 

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.
 

Key segments covered:

Segments

Subsegments

  Sales Channel

  • Direct Sales
  • Sales Through Intermediaries
  • Online and Dual Distribution

  Industry Vertical

  • Residential
  • Industrial
  • Commercial

 

Key benefits of the report:

  • This study presents the analytical depiction of the global modular switch market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global modular switch market share.
  • The current market is quantitatively analyzed from 2021 to 2027 to highlight the global modular switch market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global modular switch market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the modular switch market research report:

  • Who are the leading market players active in the modular switch market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the modular switch market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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