India Smart Meter Market Overview, 2027

India Smart meter market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

"Digitization has advanced considerably in the last decade, and devices that were considered science fiction are now at our disposal. So is the smart metre technology that has started revolutionising energy resources. Using energy more efficiently is at the heart of this revolution. Smart metres have several advantages over traditional metres, including the ability to remotely turn on and off power, communicate with data management systems, be tamper-proof, optimise grid load, reduce power demand during peak hours, allow consumers to track their consumption, maintain voltage quality throughout, and communicate via wired or non-wired technologies such as LAN, DSL, Zigbee, wifi, or cellular. Even today, rural India is dependent on manual collection systems for power usage, which are highly inefficient and incur huge losses. At the country level, a lot of work needs to be carried out to overcome the existing disaster management framework and create new customised plans to reflect the long-term and unpredictable nature of climate risks. Resilient power equipment standards, electrifying codes, energy procurement, and contractual processes need to be upgraded to meet resilient requirements. The rural populace needs to be educated to operate, maintain, and repair these smart metres to become self-reliant. According to the report title ""India Smart Metre (Gas, Electricity, and Water) Market Overview, 2027"", published by Bonafide Research, the smart metre market in India is expected to grow by over 15% during the forecast period ending in 2027. Historically, the smart metre market grew by 107% during the period 2016–2021. Smart electric metres are said to have been installed on a massive scale in the residential sector and are expected to grow rapidly over the forecast period. Smart water metres are gaining traction in the Indian market as the government pushes for the installations to be carried out rapidly in residential homes across India and the union territories. Smart water metres have a market share of above 35% and are expected to grow robustly over the forecast period. However, the smart gas metre market is not yet so evolved, and, thus, it has the lowest market penetration. Gas metre installation necessitates extreme caution; otherwise, accidents or leaks can be fatal. The narrow-band IoT technology is used in AMI metering in India, which is a second-generation electric metre and enables two-way communication through a PLC. It gives readings every 15 minutes and eliminates the manpower needed to manually note down readings. It also reduces blackouts and outages, as well as the time frame of the transition. The AMI metres have been replaced in India to the extent of 62%, out of which the maximum is in the residential and commercial sectors. India has one of the largest smart metre rollout plans, which is luring in Canada’s Pension Plan Investment Board and Abu Dhabi Investment Authority for funding. India has the aim of replacing 250 Million traditional metres with smart metres, which will reform the electricity distribution system by overcoming theft and improving the efficiencies of discoms. Reliance Industries Ltd. plans to leverage its Jio business to offer metre data collection, communication cards, telecom, and cloud hosting services to discoms. The French government-owned power utility Electricite de France SA has been involved in putting up 5 million smart metres. The huge task of replacing 25 crore conventional metres is currently being carried out under the Smart Metre National Programme (SMNP) by Energy Efficient Services Limited (EESL). Under this programme, 19 Lakh smart metres have already been installed across various states. EESL is also implementing smart metering projects being launched by the discoms under their independent initiatives in Uttar Pradesh, Haryana, Bihar, Rajasthan, Andaman and Nicobar Islands, Delhi, etc., on an OPEX basis. Under this, Energy Efficiency Services Limited (EESL) makes the initial capital expenditure, and the dividends are paid back to the company on a monthly rental basis. The minister explained that there are several reasons for aggregate technical and commercial (AT&C) losses, which also include metering-related problems. Under the special category states in India, the smart metre would have a cost reduction of around Rs. 900; other than special category states, it would be Rs. 450, and the incentive for special category states would be Rs. 675 or whichever is lesser. This scheme includes all north-eastern states, including Sikkim, as well as Himachal Pradesh, Uttarakhand, and the Union Territories of Jammu and Kashmir, Ladakh, Andaman and Nicobar Islands, and Lakshadweep, which will be treated as Special Category States or UTs. India is the fastest-growing global market with a clear gas expansion road map for the next 8 years. The Indian market pursues high quality requirements as specified in European standards, which have been dominated in recent decades by European and American metre manufacturers. The Indian government has decided to implement the programme ""under the BOOT model on a cost-plus approach,"" which means that the central government will provide all capital and operating costs. For individual states and utilities, it would mean no upfront expenses for investing in this programme. The government has been providing financial assistance under various schemes, including IPDS and NSGM. The RDSS envisages smart metering in OPEX mode and provides financial support to discoms opting for prepaid smart metering. Smart metre manufacturing companies in India are gearing up to replace all conventional static metres with smart metres in the coming years. Currently, the smart metre manufacturers in India do not have enough capacity to serve the entire market. Considered in this report

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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• Geography: India • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • India smart meter market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Five force models • Top profiled companies • Strategic recommendation

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Arun Kalwani

Arun Kalwani

Research Analyst

By type • Electric • Gas • Water By technology

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Arun Kalwani

• AMI • AMR By end user • Industrial • Commercial • Residential The approach of the report This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to smart meter industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. "

Table of Contents

  • Table Of Content
  • 1. Executive Summary
  • 2. Introduction
  • 2.1. Market Definition
  • 2.2. Market Scope & Segmentation
  • 2.3. Research Methodology
  • 3. India Macro Economic Indicators
  • 4. India Smart Meter Market Category Analysis
  • 4.1. Key Findings
  • 4.2. Market Drivers
  • 4.3. Market Restraints
  • 4.4. Opportunities
  • 4.5. Policies & Certification
  • 4.6. Value Chain Analysis
  • 4.7. Key Developments - 2021
  • 5. India Smart Meter Market Trends
  • 6. India Smart Meter Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Type
  • 6.2.2. By Technology
  • 6.2.3. By End User
  • 7. India Smart Meter Market Segmentations
  • 7.1. India Smart Meter Market, By Type
  • 7.1.1. India Smart Meter Market Size, By Electric Smart Meter, 2016 - 2027f
  • 7.1.2. India Smart Meter Market Size, By Gas Smart Meter, 2016 - 2027f
  • 7.1.3. India Smart Meter Market Size, By Water Smart Meter, 2016 - 2027f
  • 7.2. India Smart Meter Market, By Technology
  • 7.2.1. India Smart Meter Market Size, By AMI, 2016 - 2027f
  • 7.2.2. India Smart Meter Market Size, By AMR, 2016 - 2027f
  • 7.3. India Smart Meter Market, By End User
  • 7.3.1. India Smart Meter Market Size, By Industrial, 2016 - 2027f
  • 7.3.2. India Smart Meter Market Size, By Commercial, 2016 - 2027f
  • 7.3.3. India Smart Meter Market Size, By Residential, 2016 - 2027f
  • 8. India Smart Meter Market Opportunity Assessment
  • 8.1. By Type, 2022f To 2026f
  • 8.2. By Technology, 2022f To 2027f
  • 8.3. By End User, 2022f To 2027f
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profiles
  • 9.2.1. Company 1
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables
Table 1: India Smart Meter Market Share By End User 2016 To 2027f
Table 2: India Smart Meter Market Size By Electric Smart Meter (2016 To 2027f) In USD Million
Table 3: India Smart Meter Market Size By Gas Smart Meter (2016 To 2027f) In USD Million
Table 4: India Smart Meter Market Size By Water Smart Meter (2016 To 2027f) In USD Million
Table 5: India Smart Meter Market Size By AMI (2016 To 2027f) In USD Million
Table 6: India Smart Meter Market Size By AMR (2016 To 2027f) In USD Million
Table 7: India Smart Meter Market Size By Industrial (2016 To 2027f) In USD Million
Table 8: India Smart Meter Market Size By Commercial (2016 To 2027f) In USD Million
Table 9: Key Facts Of Company 1
Table 10: Key Facts Of Company 2
Table 11: Key Facts Of Company 3
Table 12: Key Facts Of Company 4
Table 13: Key Facts Of Company 5
Table 14: Key Facts Of Company 6
Table 15: Key Facts Of Company 7
Table 16: Key Facts Of Company 8

List Of Figures
Figure 1: India Smart Meter Product Market Size – By Value 2016 To 2027f (In USD Billion)
Figure 2: India Smart Meter Product Market Share By Type (2016, 2021 & 2027f)
Figure 3: India Smart Meter Product Market Share By Technology (2016, 2021 & 2027f)
Figure 4: Market Attractiveness Index, By Type
Figure 5: Market Attractiveness Index, By Technology
Figure 6: Market Attractiveness Index, By End User
Figure-7: Porter's Five Forces Meter Of Smart Meter Industry In India

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