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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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
India Smart electric meter Market by Communication Technology
- Power Line Communication
- Cellular
- Radio Frequency
India Smart electric meter Market by Phase
- Single Phase
- Three Phase
India Smart electric meter Market 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.
- Wasion Group
The Report Covers
- Comprehensive research methodology of the India Smart Electric Meter 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 India Smart Electric Meter market.
- Insights about market determinants which are stimulating the India Smart Electric Meter market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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