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0 This reports provides an essential and dependable overview of the India Smart Water Metering Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
India Smart Water Metering Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 15% (2024-2030)
The India Smart Water Metering Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30.
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India Smart Water Metering Market Opportunity:
Need for Replacement of Ageing Water Infrastructures to Create New Opportunities – Most of the water industry infrastructures in India have been outdated and deteriorating due to years of use, lack of maintenance, and the effects of natural wear & tear. This further leads to leakage and growth in non-revenue water in the country. Replacing aging infrastructures with modern systems like smart water metering that have improved leak detection mechanisms, accurate metering, and efficient distribution networks. Thus, smart water metering can reduce NRW and enhance revenue generation for water utilities.
The government of the country has been taking various initiatives to replace traditional infrastructure and overcome the challenges of water leakage, misuse, mismanagement, etc. According to the Ministry of Jal Shakti 2022, the government of India is also implementing the Repair, Renovation & Restoration (RRR) of water bodies scheme under the PMKSY (Pradhan Mantri Krishi Sinchayee Yojana). Hence, similar replacements of aging infrastructure in the commercial, industrial, and residential sectors would further generate the demand for smart water metering in the coming years and contribute to overall market growth.
India Smart Water Metering Market Segmentation Analysis – FY2024-2030
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the India Smart Water Metering Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The India Smart Water Metering Market segmentation is enlisted below:
By Component
- Meters & Accessories- Market Size & Forecast 2019-2030, USD Million
- IT Solutions- Market Size & Forecast 2019-2030, USD Million
- Communications- Market Size & Forecast 2019-2030, USD Million
By Meter Type
- Electromagnetic Meters- Market Size & Forecast 2019-2030, USD Million
- Ultrasonic Meters- Market Size & Forecast 2019-2030, USD Million
- Smart Mechanical Meters- Market Size & Forecast 2019-2030, USD Million
By Technology
- Automated Meter Reading (AMR) – Market Size & Forecast 2019-2030, USD Million
- Advanced Metering Infrastructure (AMI) – Market Size & Forecast 2019-2030, USD Million
By End User
- Residential- Market Size & Forecast 2019-2030, USD Million
- Commercial- Market Size & Forecast 2019-2030, USD Million
- Industrial- Market Size & Forecast 2019-2030, USD Million
- Municipal- Market Size & Forecast 2019-2030, USD Million
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By Region
- North
- South
- East
- West
India Smart Water Metering Market Competitive Landscape
Peltek India, Schneider Electric, ABB Limited, Honeywell Elster, Siemens AG, Landis Gyr, Badger Meter Inc., Itron Inc., Arad Group, Tata Communications, Others Ltd.
India Smart Water Metering Industry News:
- In 2022, SenRaand Cranberry Analytics entered into a partnership to digitize Panaji smart city’s water supply with the low-power network and ultrasonic smart water meters in India.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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