The India Smart Water Metering Market size is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
India Smart Water Metering Market Driver:
Growing Need for Reducing Non-Revenue Water – For years, India has been facing the challenge of water leakage & non-revenue water, driven by the prevalence of aged & outdated water infrastructures, mismanagement, etc. According to the World Bank 2020, the average NRW (Non-Revenue Water) in India is about 38%, i.e., more than the global average NRW. The adoption of digital & advanced solutions like smart water metering has proven to be effective in reducing NRW & water losses, improving billing efficiency, increasing water conservation, and resource optimization, resulting in enhanced income generation for water utilities.
Additionally, the launch of various government initiatives such as the Smart Cities Mission. Atal Bhujal Yojana (ABHY), etc., has also pushed the demand for smart water metering solutions. In 2019, Pune Municipal Corporation (PMC) invested over 275,000 Sensus iPERL smart water meters to monitor, measure & manage activity across its network. It is the first city to implement a program aligned with the country’s Smart City Mission, thereby contributing to the growth of the Smart Water Metering Market in India.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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India Smart Water Metering Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
- By Region
- North
- South
- East
- West
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Peltek India, Schneider Electric, ABB Limited, Honeywell Elster, Siemens AG, Landis Gyr, Badger Meter Inc., Itron Inc., Arad Group, Tata Communications, Others Ltd. looking forward to strengthening their market positions.
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