Jeil Electric Industry Expands Orders Following Increase in Housing Supply

- Housing Supply Expected to Become More Flexible Following Government's Consecutive Announcements... Plans to Increase Sales of Products like Smart Wiring Devices

Jeil Electric Industrial Co., Ltd.'s IOT switch released in 2020

Jeil Electric Industrial Co., Ltd. (199820, CEO Kang Dong-wook), a specialized manufacturer of smart distribution equipment, announced on the 21st that it will strengthen its sales capabilities in the housing sector for key product lines such as smart wiring devices and general wiring devices, in anticipation of a rapid increase in the supply of new public and private housing.

The government recently announced through the '2021 Economic Policy Direction' that it will swiftly promote the supply of 1.27 million households in the metropolitan area, including the 3rd New Town. Jeil Electric Industrial plans to not only increase its market share of public housing orders, currently at around 30%, but also focus on securing orders from private construction companies.

A company representative stated, "Following the announcement that approximately 1.27 million public housing units will be supplied in the 3rd New Town and metropolitan public land, we expect an increase in order volume as well. Currently, we secure about 90 bids annually for large-scale housing complexes, and we plan to increase this to around 130 bids per year."

In addition to wiring devices and residual current circuit breakers, Jeil Electric Industrial holds a core product portfolio necessary for implementing smart homes. Representative products include the 'smart wiring devices,' which perform remote control and remote monitoring linked with the household home network system, and the 'smart distribution board system,' which achieves energy savings through integrated control and real-time power metering by subdividing household electricity for automatic control.

CEO Kang Dong-wook said, "Smart home and IoT systems are now essential in newly supplied public and private multi-family housing, with various devices connected to networks to enhance residential environment value. Through proactive sales driven by technological capabilities, we will strengthen our position as a key partner of major domestic construction companies and secure market share in the high value-added smart wiring device market."

Meanwhile, Jeil Electric Industrial was established in 1955 and operates in the manufacturing of household electrical wiring devices, smart wiring devices, and smart distribution boards, which are power supply connection devices. With the growth of the smart home and IoT markets, the company is intensively developing smart home-related product lines such as home IoT switches and outlets through research.

This content was produced with the assistance of AI translation services.