Project report for Electrical shop


Introduction

Project Report for electrical shop is as follows:India electrical switches market is projected to grow at a CAGR of more than 12% by 2023, on the back of increasing number of projects in construction and real estate markets, especially in the residential segment across the country. Owing to the aesthetics of modular switches, strong demand is being witnessed from the residential sector, as more and more people are replacing their old switches with modular switches that complement their wall paints and interior designing. Moreover, supportive government initiatives, rising per capita income ...


Product / Services & process

 LED BulbIn the recent past, LED lighting used to be fairly limited with few designs to choose from. With greater advances in the technology, you can now get a range of styles including candles, GLS, golf balls, reflectors, spotlights and tubes. These have varying powers equivalent to everyday incandescent bulbs and can now be found with a variety of fittings including screw and bayonet. The cost too is now comparable with other bulbs and can provide significant savings in electricity billsModular switchesElectrical wiresTubelights, MCB,ELCB ...


Market potential & Strategy

As the lighting and switches are frequently used in the homes, the demand is on the higher side. The shopmore focuses on providing electrical equipmentssuch as eleictric wires, MCBs , tubeights etc. When a new construction  is happening, the demand for the products were on the higher side. Also small devices such as small motors, pumpset were also there which having good demand. The shop is mainly planning to  make popularity by providing small offers, advertisements in the local television, news paper inserts and as notice papers. 


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