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techsuch May 9, 2021 0 Comments

India Smart Meter MarketWith the Indian Government urging states and union territories to replaceconventional electricity meters with prepaid smart meters in three years, thesmart meter market is expected to witness robust growth during the forecastperiod. This initiative of government aims at cutting distribution losses andsetting the stage for separating the carriage and content operations of powerdistribution companies in which carriage refers to the distribution aspect andcontent to power.However, high cost of smart electric meter is a major constraint for thecompany manufacturing it. Also, they have a lifespan of 8-10 years compared to20-25 years lifespan of traditional meters. This might hamper the marketgrowth through 2025.Smart meters require a two-way communication network, control centreequipment, and software applications for near real-time gathering and transferof energy usage information. They can help reduce aggregate transmission andcommercial losses. They send usage information via radio frequencyelectromagnetic radiation (RF), which helps the utility company to effectivelymanage the energy usage. Its architecture is supposed to empower consumers inchoosing their power providers on one hand and help distribution companiesdeal with power theft on the other. Favorable government policies along withfiscal incentives are some key factors driving the smart meters market inIndia.India Smart meter market is segmented based on type, application, technology,region and company. Based on product type, the market can be segmented intosmart energy meters, smart water meters and smart gas meters. Electricity isone of the basic human needs in the world. Hence, electric smart meter is theadvancement brought in to maintain data regarding usage and avoiding anyunaccounted consumption.Based on application, the residential segment of the global smart electricmeter market is expected to hold the largest market share during the forecastyears. The installation of smart electric meters at residential places wouldhelp in reducing the dependence on fossil fuels, facilitate electricityconservation and accuracy of meter readings.Major players operating in the India smart meter market include Triton ProcessAutomation Pvt. Ltd., Advance Metering Technology Ltd., Maven Systems Pvt.Ltd., Genus Power Infrastructures Ltd., ITI Ltd., Schneider Electric IndiaPvt. Ltd., Siemens Ltd., Satya Electrocom Private Limited, Trinity EnergySystems Private Limited, GEESYS Technologies (India) Private Limited andothers. The companies are now developing innovative products in order to staycompetitive in the market.Years considered for this report:Historical Years: 2015-2018Base Year: 2019Estimated Year: 2020Forecast Period: 2021–2025Objective of the Study: * To analyze and forecast the market size of India smart meter market. * To classify and forecast India smart meter market based on product type, application, technology and regional distribution. * To identify drivers and challenges for India smart meter market. * To examine competitive developments such as expansions, new product launches in India smart meter market. * To conduct pricing analysis for India smart meter market. * To identify and analyze the profile of leading players operating in India smart meter market. Click here to download the sampleTechSci Research performed both primary as well as exhaustive secondaryresearch for this study. Initially, TechSci Research sourced a list ofmanufacturers across the country. Subsequently, TechSci Research conductedprimary research surveys with the identified companies. While interviewing,the respondents were also enquired about their competitors. Through thistechnique, TechSci Research could include the manufacturers which could not beidentified due to the limitations of secondary research. TechSci Researchanalyzed the manufacturers, distribution channels and presence of all majorplayers across country.TechSci Research calculated the market size of India smart meter market usinga bottom-up approach, wherein data for various end-user segments was recordedand forecast for the future years. TechSci Research sourced these values fromthe industry experts and company representatives and externally validatedthrough analyzing historical data of these product types and applications forgetting an appropriate, overall market size. Various secondary sources such ascompany websites, news articles, press releases, company annual reports,investor presentations and financial reports were also studied by TechSciResearch. Key Target Audience: * Smart meter manufacturers, suppliers, distributors and other stakeholders * Government bodies such as regulating authorities and policy makers * Organizations, forums and alliances related to smart meters * Market research and consulting firmsThe study is useful in providing answers to several critical questions thatare important for the industry stakeholders such as manufacturers, suppliers,partners, end users, etc., besides allowing them in strategizing investmentsand capitalizing on market opportunities.Report Scope:In this report, India smart meter market has been segmented into followingcategories, in addition to the industry trends which have also been detailedbelow: * Market, By Product Type: * Smart Energy Meters * Smart Water Meters * Smart Gas Meters * OthersMarket, By Application:o Industrialo Commercialo ResidentialMarket, By Technology:o Automatic Meter Readingo Advanced Metering Infrastructureo OthersCompetitive LandscapeCompany Profiles: Detailed analysis of the major companies present in Indiasmart meter market.Available Customizations:With the given market data, TechSci Research offers customizations accordingto a company’s specific needs. The following customization options areavailable for the report:Company Information * Detailed analysis and profiling of additional market players (up to five).It is an upcoming report to be released soon. If you wish an early delivery ofthis report or want to confirm the date of release, please contact us [email protected] In case you don’t find what you are looking for,please get in touch with our custom research team at [email protected]

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