India’s Electronic Component Industry – One Of The Fastest Growing In The World

Electronics manufacturing is one of the global businesses with the fastest pace of expansion. India is actively pushing and developing its manufacturing cluster and currently produces 3% of the world’s electronics.

For the electronics manufacturing sector to function properly and effectively, a strong business climate and sizeable capital investments are required; as a result, the government and several industry groups in India have been working hard to enhance it in recent years.

Overview Of Industrial Electronic Component Market

The electrical components sector is essential in a world where technology is constantly developing. The industry needs to expand and be supported by efficient supply chains to produce the immediately available supply of electronic devices that customers today demand.

The overall expansion of the electronic components market in recent years is anticipated to be driven by the rising use of the Internet of things and automotive technologies in electronic devices. In addition, an increase in the use of the internet of things in homes, offices, factories, and other settings, as well as in telecommunications, domestic electronics, and commercial electronics, are some of the other causes boosting demand for electronic components. In the forecast period, the growing demand for these components from Original Equipment Manufacturers (OEMs) will present a significant opportunity for the market for electronic components across the globe.

Government Support For Electronics Industry

The Indian government has announced three distinct programmes for the electronics industry manufacturers to strengthen India’s status as a global center for electronic production. The electronics section is incredibly helpful for a wide range of downstream firms, small and large sectors, and consumers.

The electronics industry in India makes up around 2.5% of the country’s GDP, making it a significant area of concentration for the administration. Additionally, it employs about 13 million people.

By 2025, India’s consumer electronics and appliances sector is expected to overtake China as the fifth-largest market worldwide, according to official data at the Invest India portal.

What Is Electronic Components Trade?

Companies that trade in electronics have many responsibilities beyond buying and selling parts. Currently, every business in the electronics sector encourages attention and choosing. Because of this, electronics producers can feel confident in approaching electronics trading businesses for technical support for the aspects of the development process they find challenging to handle on their own. Trading businesses also provide a wide range of goods so that a manufacturer can buy as many components as possible from each of them.

Due to these customer requirements, it is believed that it is crucial for electronics trading organizations to possess the technological tools necessary to assist their clients in the creation of upstream products. They must transform into ‘Engineering Trading Firms’ from simple wholesalers. To do this, electronic trading organisations should get to know their clients better and think about the services they will require from their perspective. To become the “trading business favoured by clients," these initiatives must be able to deliver the necessary services.

Glomore Electro-Tech is One of the Leading Providers Of Electronic Components

To boost the trading of electronic components in the Indian market, Glomore Electro-Tech Solutions a part of a 40-year-old legacy of Evolute Group of Companies have established a reputation for itself by offering a range of high-quality industrial electrical components and cutting-edge technologies. We are consistently growing our global network to put us as near to our clients as we can in the face of accelerating globalization. The power, telecom, commercial, industrial, automotive, and medical markets are served by Glomore Solutions, a full-service turnkey provider of value-added electronics component solutions.

We seek to bridge the gap and “Techpower the World" by using its technological expertise to reach out to every corner of the world and empower people with their cutting-edge products and solutions. Today, we have established a reputation for ourselves by offering a range of high-quality industrial electrical components and advanced, futuristic solutions. We are consistently growing our global network to put us as near to our clients as we can in the face of accelerating globalization.

Products Offered By Glomore-

Glomore provides a wide selection of high-quality products in numerous categories used across multiple applications. To give you a glimpse into the world of Glomore Electro-Tech Solution’s offerings, take a look at the list of applications and the corresponding products.

• IoT & Smart Cities- Display Solutions, Relay, Sensors, Circuit Breaker.
• Robotics, Drones & Automation- Display Solutions, Relay, Sensors, Circuit Breaker, Connectors: terminal blocks, Battery pack solutions.
• Healthcare- Display Solutions, Relay, Sensors, Circuit Breaker, Connectors: terminal blocks, Battery pack solutions, printing solutions.
• Electric Vehicles & Charging Stations- Display Solutions, Relay, Sensors, Connectors: terminal blocks, Battery pack solutions.
• Industrial- Display Solutions, Relay, Sensors, Connectors: terminal blocks, Battery pack solutions.
• LED Signage & Advertising Displays- Display Solutions.
• Handheld Terminals & Consumer Appliances- Display Solutions, Relay, Sensors, Connectors: terminal blocks, Battery pack solutions.
• Test & Measurement- Display solutions, Printing Solutions, Battery pack solutions.

Glomore Contribution To Electronica India 2022

Glomore Electro-Tech is a proud participant in one of India’s leading electronic component exhibitions at Electronica India 2022.

Electronica India is the country’s biggest trade show for the electronics sector. Under one roof, you receive a comprehensive overview of the electrical components industry. During the show period, you can experience the live product and solutions for industrial electronics. This exhibition is primarily hosted at India Expo Mart’s Gr. Noida Hall, Booth 10, and EF 11 from 21^st – 23^rd September 2022.