India Smart Electric Meter Market Trends, Size, Competitive Analysis and Forecas

Posted by pooja makkhar on March 19th, 2020

The Indian smart electric market is expected to grow at a CAGR of approximately 10.4% during the forecast period. The major factors for the growth of the market are improvement of basic electricity infrastructure, adoption of smart electric grids, and increasing per capita consumption in the nation. India is one of the fastest growing economies across the globe; however, its industrial growth is still limited due to inadequate energy availability. 

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According to the World Energy Outlook, India ranks sixth in terms of global electricity consumption, yet reportedly suffers from electricity transmission and distribution losses of around 30% and mismatch of supply and demand in electricity by approximately 12%. India’s ministry of power has been contributing for smart grid investment to cut electricity losses. It is estimated that India will install 130 million smart meters by 2021. In order to ensure a reliable supply of electricity due to frequent blackouts and an inefficient electric supply especially in villages, large companies such as Landis+Gyr and TATA Power DDL are operating in India to ensure reliable supply of electricity. All these initiatives are spurring the growth of smart electric meter market. 

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India Smart Electric Meter Market Segmentation

By Communication Technology

•          Power Line Communication
•          Cellular
•          Radio Frequency

By Phase

•          Single Phase
•          Three Phase

By Application

•          Residential
•          Commercial
•          Industrial

Company Profiles

•          Aclara Technologies LLC
•          Elster Group
•          Holley Metering Ltd.
•          Itron Inc.
•          Landis+Gyr AG
•          Schneider Electric SE
•          Sensus
•          Siemens AG
•          Silver Spring Networks Inc.
•          Toshiba Corp.

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