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India Smart Electric Meter Market Growth, Analysis, Trends, Future Scope & Forecast to 2025

02-13-2020 01:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

India Smart Electric Meter Market

India Smart Electric Meter Market

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.

Get Sample Copy of India Smart Electric Meter Market at: https://www.omrglobal.com/request-sample/india-smart-electric-meter-market

Top Key Players in this Report are - 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

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.

For More Information, get A full report of India Smart Electric Meter Market is available at: https://www.omrglobal.com/industry-reports/india-smart-electric-meter-market

According to International trade administration ranking, India ranks third in the smart grid investment, after the US and China. The Indian Smart Grid Task Force (ISGTF), an inter-ministerial group that deals with activities related to smart grid technology, established a Smart Meter Task Force in March 2011, for the development of cost-effective smart meters in India. The task force demonstrated that India needs 100 million low-cost smart meters, priced between $16- $25 per meter to provide critical data to the smart grids. This price is considerably lower than the average price of the US. The India Smart Grid Forum, which was a public-private partnership consisting of utility companies, and other parties released a circular for making smart meters to be the norm for all new connections across the region.

India Smart Electric Meter Market Segmentation

India Smart Electric Meter Market by Communication Technology

o Power Line Communication
o Cellular
o Radio Frequency

India Smart Electric Meter Market by Phase

o Single Phase
o Three Phase

India Smart Electric Meter Market by Application

o Residential
o Commercial
o Industrial

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/india-smart-electric-meter-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

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