India Electrical Switches Market to be Valued INR 1,02,917 Million by 2030
Rapid urbanization, supportive government Initiatives, increasing high-rise buildings & apartments are driving the growth of India Electrical Switches Market in India in the forecast period, 2023-2030. According to TechSci Research report, “ India Electrical Switches Market - By Region, Competition Forecast & Opportunities, 2017-2030F”, the India electrical switches market was valued INR 56,394 million in FY2022 and is predicted to grow at a CAGR of 7.99% to reach INR 1,02,917 million by 2030. The growing commercial and industrial sector, combined with rapid urbanization, is fueling the growth of the electrical switches market in India. Major factors driving the growth of electrical switches in India are the advent of integrated lighting control systems, ongoing and upcoming smart city projects, and growing awareness about energy savings among consumers and government, among others. Some of the major smart city projects in the country are Diamond Research Mercantile...