The latest report by MarkNtel Advisors, titled “India Smart Water Metering Market Report By Component (Meters & Accessories, IT Solutions, Communications), By Meter Type (Electromagnetic Meters, Ultrasonic Meters, Smart Mechanical Meters), By Technology (Automated Meter Reading (AMR), Advanced Metering Infrastructure (AMI)), By End User (Residential, Commercial, Industrial, Municipal) Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the India Smart Water Metering Market research report.
What is the market outlook for India Smart Water Metering?
The India Smart Water Metering Market size is estimated to grow at a CAGR of around 15% during the forecast period 2024–30.
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Major Companies Operating in the India Smart Water Metering Industry:
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 Market Report Segmentation:
By Component
-Meters & Accessories
-IT Solutions
-Communications
By Meter Type
-Electromagnetic Meters
-Ultrasonic Meters
-Smart Mechanical Meters
By Technology
-Automated Meter Reading (AMR)
-Advanced Metering Infrastructure (AMI)
By End User
-Residential
-Commercial
-Industrial
-Municipal
- Amongst them, the commercial & industrial sector is estimated to acquire a considerable market share in the coming years.
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Regional Insights:
By Region
-North
-South
-East
-West
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Most of the water industry infrastructures in India have been outdated and deteriorating due to years of use, lack of maintenance, and the effects of natural wear & tear.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.
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