The company is recognized as the largest manufacturer of CAM Operated Rotary Switches and Wire Ducts in the country holding over 40% market share in rotary switches.
The company's product portfolio consists of Industrial Components, Motor Control Products, Building Segment products, and Copper and Energy Segment items.
The global switchgear market is around $94 billion at present and is expected to reach approximately $150 billion in the next 7 years.
This growth should be mainly driven by increasing demand for electricity, use in transportation, renewable energy investment, rising electricity needs for manufacturing and replacement of old switch gears.
The Indian switchgear market is projected to grow exponentially with a CAGR of over 8% in the next decade on the back of investment growth in infrastructure and industrial segment across the country.
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