Indian smart meters market is estimated to grow at a CAGR of 8.3% during the forecast period. The market is driven by government funding for smart city projects in the country. The government has plans to build 90 smart cities by 2022. The Indian government had launched a Smart City Mission for building 100 Smart Cities in 2015. In this context, adequate availability of smart meters is one of the key emphasis as a part of key infrastructure. Smart meters in smart cities seek to address the challenges in energy management with the integration of eDemocracy and ICT. Moreover, the growing replacement of conventional meters with smart meters is further projected to boost market growth in the near future.
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Some of the companies which are contributing to the growth of the Indian smart meters market include Eaton Corp., Landis+Gyr AG, Schneider Electric SE, Siemens AG, Schneider Electric SE, and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Indian Smart Meters Market – Segmentation
By Product Type
- Smart Gas Meters
- Smart Electric Meters
- Smart Water Maters
By Technology
- Advanced Metering Infrastructure (AMI)
- Automated Meter Reading (AMR)
By Application
- Residential
- Commercial
- Industrial
The Report Covers
- Comprehensive research methodology of the Indian smart meters market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Indian smart meters market.
- Insights about market determinants that are stimulating the Indian smart meters market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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