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.  

The Indian market for smart meters is segregated on the basis of product type, technology, and application. Based on the product type, the market is classified into smart gas meters, smart electric meters, and smart water meters. The smart electric meter segment is projected to have a considerable market share. Based on the technology, the market is further segmented into Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR). The AMI Segment held a significant market share. On the basis of application, the market is segregated into residential, commercial, and industrial. 

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. 

Research Methodology

The market study of the Indian smart meters market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for smart meters providers, IT companies, software vendors, system integrators, utility companies, government organizations, regulatory bodies, and other market participants for overall market analysis, and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and their recent developments. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. Indian Smart Meters Market Research and Analysis by Product Type
2. Indian Smart Meters Market Research and Analysis by Technology
3. Indian Smart Meters Market Research and Analysis by Application

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.