India Smart Electricity Meters Market (2024-2030) Outlook | Value, Trends, Size, Growth, Share, Forecast, Analysis, Industry, Revenue & Companies
Market Forecast By Phase (Single-phase, Three-phase), By End-Use (Residential, Commercial, Industrial) And Competitive Landscape
| Product Code: ETC075223 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Smart Electricity Meters Market Shipment Analysis
India Smart Electricity Meters Market registered a growth of 2.83% in value shipments in 2022 as compared to 2021 and an increase of 7.72% CAGR in 2022 over a period of 2017. In Smart Electricity Meters Market India is becoming more competitive as the HHI index in 2022 was 1469 while in 2017 it was 1860. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Smart Electricity Meters Market.
India Smart Electricity Meters Market Competition 2023
India Export Potential Assessment For Smart Electricity Meters Market (Values in Thousand)
India Smart Electricity Meters Market Synopsis
The India smart electricity meters market is set to grow at a CAGR of over 15.1% during the forecast period from 2023-2029. Rising demand for energy efficiency and conservation, increasing focus on renewable energy sources, government subsidies to encourage installation of smart meters, and technological advancements are some of the key drivers expected to drive growth in the Indian smart electricity meter market. The Indian Government?s ?Smart Meter National Programme (SMNP)? has mandated all electricity distribution companies (DISCOMs) in India to install around 30 million new digital or advanced metering infrastructure (AMI/AMRs) by 2023 as part of its plan for smarter grid infrastructure. This will result in improved consumer convenience through remote reading & billing, better accuracy with regard to energy consumption measurement and improved operational efficiency through real time monitoring & control.
Drivers of the Market:
Increasing demand for energy efficiency and conservation, Focus on expanding renewable energy sources, Government subsidies encouraging installation of smart meters, and Technological advancements providing enhanced capabilities
Challenges of the Market:
High cost associated with implementation, Data security concerns, and Lack of awareness among consumers.
Key Highlights of the Report:
- India Smart Electricity Meters Market Outlook
- Market Size of India Smart Electricity Meters Market, 2020
- Forecast of India Smart Electricity Meters Market, 2027
- Historical Data and Forecast of India Smart Electricity Meters Revenues & Volume for the Period 2023 - 2027
- India Smart Electricity Meters Market Trend Evolution
- India Smart Electricity Meters Market Drivers and Challenges
- India Smart Electricity Meters Price Trends
- India Smart Electricity Meters Porter's Five Forces
- India Smart Electricity Meters Industry Life Cycle
- Historical Data and Forecast of India Smart Electricity Meters Market Revenues & Volume By Phase for the Period 2023 - 2027
- Historical Data and Forecast of India Smart Electricity Meters Market Revenues & Volume By Single-phase for the Period 2023 - 2027
- Historical Data and Forecast of India Smart Electricity Meters Market Revenues & Volume By Three-phase for the Period 2023 - 2027
- Historical Data and Forecast of India Smart Electricity Meters Market Revenues & Volume By End-Use for the Period 2023 - 2027
- Historical Data and Forecast of India Smart Electricity Meters Market Revenues & Volume By Residential for the Period 2023 - 2027
- Historical Data and Forecast of India Smart Electricity Meters Market Revenues & Volume By Commercial for the Period 2023 - 2027
- Historical Data and Forecast of India Smart Electricity Meters Market Revenues & Volume By Industrial for the Period 2023 - 2027
- India Smart Electricity Meters Import Export Trade Statistics
- Market Opportunity Assessment By Phase
- Market Opportunity Assessment By End-Use
- India Smart Electricity Meters Top Companies Market Share
- India Smart Electricity Meters Competitive Benchmarking By Technical and Operational Parameters
- India Smart Electricity Meters Company Profiles
- India Smart Electricity Meters Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Polyamide Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Polyamide Market Revenues & Volume, 2020 & 2027F |
3.3 North America Polyamide Market - Industry Life Cycle |
3.4 North America Polyamide Market - Porter's Five Forces |
3.5 North America Polyamide Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 North America Polyamide Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 North America Polyamide Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 North America Polyamide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Polyamide Market Trends |
6 North America Polyamide Market, 2017 - 2027 |
6.1 North America Polyamide Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 North America Polyamide Market, Revenues & Volume, By Application, 2017 - 2027 |
7 United States Polyamide Market, 2017 - 2027 |
7.1 United States Polyamide Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 United States Polyamide Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Canada Polyamide Market, 2017 - 2027 |
8.1 Canada Polyamide Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 Canada Polyamide Market, Revenues & Volume, By Application, 2017 - 2027 |
9 North America Polyamide Market Key Performance Indicators |
10 North America Polyamide Market - Opportunity Assessment |
10.1 North America Polyamide Market Opportunity Assessment, By Countries, 2020 & 2027F |
10.2 North America Polyamide Market Opportunity Assessment, By Type, 2020 & 2027F |
10.3 North America Polyamide Market Opportunity Assessment, By Application, 2020 & 2027F |
11 North America Polyamide Market - Competitive Landscape |
11.1 North America Polyamide Market Revenue Share, By Companies, 2020 |
11.2 North America Polyamide Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |
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