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Indian Smart Meters Market 2023 Driving Factors Forecast Research 2029

01-10-2023 09:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Indian Smart Meters Market

Indian Smart Meters Market

Indian smart meters market is estimated to grow at a CAGR of 8.3% during the forecast period. The market is driven by government funding for smart city projects in the country. The government has plans to build 90 smart cities by 2022. The Indian government had launched a Smart City Mission for building 100 Smart Cities in 2015. In this context, adequate availability of smart meters is one of the key emphasis as a part of key infrastructure. Smart meters in smart cities seek to address the challenges in energy management with the integration of eDemocracy and ICT. Moreover, the growing replacement of conventional meters with smart meters is further projected to boost market growth in the near future.

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The Indian market for smart meters is segregated on the basis of product type, technology, and application. Based on the product type, the market is classified into smart gas meters, smart electric meters, and smart water meters. The smart electric meter segment is projected to have a considerable market share. Based on the technology, the market is further segmented into Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR). The AMI Segment held a significant market share. On the basis of application, the market is segregated into residential, commercial, and industrial.

full report of Indian Smart Meters Market available @ https://www.omrglobal.com/industry-reports/india-smart-meters-market

• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Indian Smart Meters Market - Segmentation
By Product Type
• Smart Gas Meters
• Smart Electric Meters
• Smart Water Maters

By Technology
• Advanced Metering Infrastructure (AMI)
• Automated Meter Reading (AMR)

By Application
• Residential
• Commercial
• Industrial

The Report Covers
• Comprehensive research methodology of the Indian smart meters 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 Indian smart meters market.
• Insights about market determinants that are stimulating the Indian smart meters market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/india-smart-meters-market

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.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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