Press release
India Smart Meter Market Investigation Report to 2031 by Top Key players
The report suggests that the India smart meter market is flourishing due to the favorable government initiatives to boost the installation of smart meters in various regions of the country. The Union Government has announced its plans to install 250 million smart meters by 2022 with an investment of around Rs. 3 lakh crore. This is a significant driver for the growth of the India smart meter market.
Furthermore, the launch of 5G networks in the country is expected to provide lucrative growth opportunities to the market. As the communication network strengthens, the adoption of smart meters is likely to increase.
Download Free Sample of This Strategic Report:https://reportocean.com/industry-verticals/sample-request?report_id=MR365
The Development of Advanced Metering Infrastructure Driving India Smart Meter Market
Based on technology, the India smart meter market is segmented into AMI and AMR. The advanced metering infrastructure or AMI holds the largest market share since it provides two-way communication between the meter and the supplier, which drives the growth of the market. AMI collects and analyzes data from smart meters, which helps utility companies improve energy efficiency and streamline customer services which are anticipated to drive the segments growth during the forecast period as well.
Increasing Adoption Of Smart Meters in Households Anticipated To Present Lucrative Growth Opportunities to India Smart Meter Market
Based on end-users, the India smart meter market is grouped into residential, commercial, and industrial sectors. The residential segment accounts for the largest market share, owing to the increasing installation of smart electric metres in households to improve transparency in energy consumption and facilitate accurate meter readings. Smart meters are also being promoted in the residential segment to prevent electricity theft, which is very prevalent in India. The commercial segment, on the other hand, is expected to grow significantly during the forecast period due to India's thriving service sector.
Download Free Sample of This Strategic Report:https://reportocean.com/industry-verticals/sample-request?report_id=MR365
The Cellular Communication Segment is Driving the India Smart Meter Market
Based on communication types, the India smart meter market is grouped into programmable logic controller, radio-frequency, and cellular communication. The cellular communication type accounts for the largest market share due to the strong cellular network infrastructure in the country. Additionally, the increasing launch of 5G networks is anticipated to provide lucrative growth opportunities to the segments growth during the forecast period. However, the RF (radio-frequency) segment also accounts for a substantial share of the market as smart meters are commonly equipped with RF.
India Smart Meter Market - Regional Insights
Geographically, the India smart meter market is segmented into North India, South India, East India, and West India. North India dominates the India smart meter market due to various government initiatives to boost the installation of smart meters in this region. According to The Hindu Business Line, around two million smart meters have already been installed in Uttar Pradesh, Bihar, Rajasthan, Haryana, and Delhi, under various initiatives. However, Western India is anticipated to emerge as a potential market for smart meters due to the presence of various industries in states such as Maharashtra and Gujarat.
Impact of COVID-19 on India Smart Meter Market
The India smart meter market witnessed prolific growth after the COVID-19 pandemic outbreak in the country. The pandemic has also sparked debates about energy efficiency and sustainability throughout the length and breadth of the country. For this purpose, smart meters emerged as an effective solution for better management of electricity and other non-renewable resources, such as water and gas. In addition, smart meters allowed data to be recorded and transmitted remotely, eliminating the need for personnel to visit houses and facilities to record electricity usage. This has been a primary factor that propelled the growth of the smart meter market during the COVID-19 period.
India Smart Meter Market-Competitive Landscape
The leading players in the India smart meter market are HPL Electric & Power, Melange Systems Private Limited, Maven Systems Pvt. Ltd., Analogics Tech India Ltd., Advanced Electronics Company, Itron, Elster Group, Genus Power Infrastructures Ltd, Avon Meters, Zen Meter, and other prominent players.
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=MR365
Market Segment:
By Product Type (Smart Electric Meters, Smart Gas Meters, Smart Water Meter)
By Communication Type (Programmable Logic Controller, Radio-Frequency, Cellular)
By Component (Hardware, Software)
By Technology (Ami, Amr)
By End-User (Residential, Commercial, Industrial)
By Region (North India, South India, East India, West India)
The market is highly consolidated and competitive due to the presence of conglomerates that enjoy immense brand loyalty from customers. Additionally, the market players focus on offering a wide range of products, such as smart meters for water, gas, and electricity to cater to the needs of different end-users. They also significantly invest in research and development activities to launch new features into their products. Furthermore, the adoption of competitive strategies, such as mergers, acquisitions, collaborations, partnerships, joint ventures, etc., is also prominent in this market.
Key Reasons to Buy this Report:
Access to date data compiled by means of our researchers. These grant you with historic and forecast data, which is analyzed to inform you why your market is set to change
This allows you to expect market adjustments to continue to be in advance of your competitors
You will be in a position to replica information from the Excel spreadsheet straight into your advertising plans, commercial enterprise presentations, or different strategic documents
The concise analysis, clear graph, and desk structure will allow you to pinpoint the records you require quickly
Provision of market cost (USD Billion) records for every phase and sub-segment
Indicates the area and section that is predicted to witness the quickest increase as nicely as to dominate the market
Analysis through geography highlighting the consumption of the product/service in the area as nicely as indicating the elements that are affecting the market inside every region
Competitive panorama which contains the market rating of the predominant players, alongside with new service/product launches, partnerships, commercial enterprise expansions, and acquisitions in the previous 5 years of organizations profiled
Extensive business enterprise profiles comprising of business enterprise overview, employer insights, product benchmarking, and SWOT evaluation for the primary market players
The cutting-edge as nicely as the future market outlook of the enterprise regarding current traits which contain boom possibilities and drivers as properly as challenges and restraints of each rising as nicely as developed regions
Includes in-depth evaluation of the market from quite a number views via Porter's 5 forces analysis
Provides perception into the market via Value Chain
Market dynamics scenario, alongside with boom possibilities of the market in the years to come, 6-month post-sales analyst help
Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=MR365
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com
Furthermore, the launch of 5G networks in the country is expected to provide lucrative growth opportunities to the market. As the communication network strengthens, the adoption of smart meters is likely to increase.
Download Free Sample of This Strategic Report:https://reportocean.com/industry-verticals/sample-request?report_id=MR365
The Development of Advanced Metering Infrastructure Driving India Smart Meter Market
Based on technology, the India smart meter market is segmented into AMI and AMR. The advanced metering infrastructure or AMI holds the largest market share since it provides two-way communication between the meter and the supplier, which drives the growth of the market. AMI collects and analyzes data from smart meters, which helps utility companies improve energy efficiency and streamline customer services which are anticipated to drive the segments growth during the forecast period as well.
Increasing Adoption Of Smart Meters in Households Anticipated To Present Lucrative Growth Opportunities to India Smart Meter Market
Based on end-users, the India smart meter market is grouped into residential, commercial, and industrial sectors. The residential segment accounts for the largest market share, owing to the increasing installation of smart electric metres in households to improve transparency in energy consumption and facilitate accurate meter readings. Smart meters are also being promoted in the residential segment to prevent electricity theft, which is very prevalent in India. The commercial segment, on the other hand, is expected to grow significantly during the forecast period due to India's thriving service sector.
Download Free Sample of This Strategic Report:https://reportocean.com/industry-verticals/sample-request?report_id=MR365
The Cellular Communication Segment is Driving the India Smart Meter Market
Based on communication types, the India smart meter market is grouped into programmable logic controller, radio-frequency, and cellular communication. The cellular communication type accounts for the largest market share due to the strong cellular network infrastructure in the country. Additionally, the increasing launch of 5G networks is anticipated to provide lucrative growth opportunities to the segments growth during the forecast period. However, the RF (radio-frequency) segment also accounts for a substantial share of the market as smart meters are commonly equipped with RF.
India Smart Meter Market - Regional Insights
Geographically, the India smart meter market is segmented into North India, South India, East India, and West India. North India dominates the India smart meter market due to various government initiatives to boost the installation of smart meters in this region. According to The Hindu Business Line, around two million smart meters have already been installed in Uttar Pradesh, Bihar, Rajasthan, Haryana, and Delhi, under various initiatives. However, Western India is anticipated to emerge as a potential market for smart meters due to the presence of various industries in states such as Maharashtra and Gujarat.
Impact of COVID-19 on India Smart Meter Market
The India smart meter market witnessed prolific growth after the COVID-19 pandemic outbreak in the country. The pandemic has also sparked debates about energy efficiency and sustainability throughout the length and breadth of the country. For this purpose, smart meters emerged as an effective solution for better management of electricity and other non-renewable resources, such as water and gas. In addition, smart meters allowed data to be recorded and transmitted remotely, eliminating the need for personnel to visit houses and facilities to record electricity usage. This has been a primary factor that propelled the growth of the smart meter market during the COVID-19 period.
India Smart Meter Market-Competitive Landscape
The leading players in the India smart meter market are HPL Electric & Power, Melange Systems Private Limited, Maven Systems Pvt. Ltd., Analogics Tech India Ltd., Advanced Electronics Company, Itron, Elster Group, Genus Power Infrastructures Ltd, Avon Meters, Zen Meter, and other prominent players.
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=MR365
Market Segment:
By Product Type (Smart Electric Meters, Smart Gas Meters, Smart Water Meter)
By Communication Type (Programmable Logic Controller, Radio-Frequency, Cellular)
By Component (Hardware, Software)
By Technology (Ami, Amr)
By End-User (Residential, Commercial, Industrial)
By Region (North India, South India, East India, West India)
The market is highly consolidated and competitive due to the presence of conglomerates that enjoy immense brand loyalty from customers. Additionally, the market players focus on offering a wide range of products, such as smart meters for water, gas, and electricity to cater to the needs of different end-users. They also significantly invest in research and development activities to launch new features into their products. Furthermore, the adoption of competitive strategies, such as mergers, acquisitions, collaborations, partnerships, joint ventures, etc., is also prominent in this market.
Key Reasons to Buy this Report:
Access to date data compiled by means of our researchers. These grant you with historic and forecast data, which is analyzed to inform you why your market is set to change
This allows you to expect market adjustments to continue to be in advance of your competitors
You will be in a position to replica information from the Excel spreadsheet straight into your advertising plans, commercial enterprise presentations, or different strategic documents
The concise analysis, clear graph, and desk structure will allow you to pinpoint the records you require quickly
Provision of market cost (USD Billion) records for every phase and sub-segment
Indicates the area and section that is predicted to witness the quickest increase as nicely as to dominate the market
Analysis through geography highlighting the consumption of the product/service in the area as nicely as indicating the elements that are affecting the market inside every region
Competitive panorama which contains the market rating of the predominant players, alongside with new service/product launches, partnerships, commercial enterprise expansions, and acquisitions in the previous 5 years of organizations profiled
Extensive business enterprise profiles comprising of business enterprise overview, employer insights, product benchmarking, and SWOT evaluation for the primary market players
The cutting-edge as nicely as the future market outlook of the enterprise regarding current traits which contain boom possibilities and drivers as properly as challenges and restraints of each rising as nicely as developed regions
Includes in-depth evaluation of the market from quite a number views via Porter's 5 forces analysis
Provides perception into the market via Value Chain
Market dynamics scenario, alongside with boom possibilities of the market in the years to come, 6-month post-sales analyst help
Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=MR365
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com
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