Thursday, Apr 25 2024 | Time 23:01 Hrs(IST)
image
Business EconomyPosted at: Apr 24 2019 8:33PM


Schneider Electric launches customisable, IoT enabled smart switches in India

Hyderabad, Apr 24 (UNI) Schneider Electric, the leader in digital transformation of energy management and automation, on Wednesday launched three new wiring devices range – Clipsal X, UNICA Pure and Avatar ON.

With products that are digitally advanced, with alluring designs, Schneider Electric aims to address the growing consumer market that demands style, strength, efficiency as well as digitisation.
The products are being introduced with the unique proposition of customisation and IoT enablement and available in varied price ranges, the company said in a release here.
In India, the Home Automation industry is rapidly growing and evolving more to a converged offering with integration of Lighting Controls and Switchboards, Safety Security Sensors, Voice Enabled System.

The growing market share of smart homes in India can be attributed to the growth of IT hubs and HNWI’s (high net worth individuals) which are majorly concentrated in NCR, Punjab, Gujarat, Pune, Hyderabad, Bangalore, Noida and Coimbatore.

According to a Redseer report, every year, the uptake of smart homes in India is increasing between 15-18 per cent in tier 1 cities and between 5-10 per cent in tier 2 and tier 3 cities.

As of 2018, Hyderabad has 9 per cent share in the home automation market across India.
Speaking about the launch, Vice-President (Retail business) Srinivas Shanbhogue said, “Smart home devices are rapidly catching up in India and our new range of wiring devices and switches cater to this market.
UNI KNR RSU 2034
Please log in to get detailed story.
Tags: #Schneider Electric launches customisable# IoT enabled smart switches in India
More News

Arun Alagappan appointed as Executive Chairman of Coromandel International

25 Apr 2024 | 7:41 PM

Hyderabad, April 25 (UNI) Arun Alagappan has been appointed as Executive Chairman of Coromandel International Limited (CIL).

see more..

Tech Mahindra net at Rs 661 crore in Q4; Company gives dividend of Rs 28 per share

25 Apr 2024 | 7:28 PM

New Delhi, April 25 (UNI) Mahindra Group company Tech Mahindra, a technology consulting and digital solutions provider, on Thursday reported about 41 per cent decline in net profit at Rs 661 crore year-on-year basis for the fourth quarter ended March 31, 2024.

see more..

Kottayam-Kochi Rubber Market Rates

25 Apr 2024 | 7:26 PM

Kottayam, April 25 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Indusind Bank net up 15 pc in Q4

Indusind Bank net up 15 pc in Q4

25 Apr 2024 | 7:10 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported a 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023–24, compared to Rs 2,043 crore in the same quarter in 2022–23.

see more..

25 Apr 2024 | 6:53 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023-24 compared to Rs 2,043 crore in the same quarter in 2022-23.

see more..
image