Product Code: ETC4527085 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India smart water metering market import shipment witnessed a steady growth with a CAGR of 6.3% from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024, indicating a sharp slowdown in market expansion during that period. Overall, the market showed positive momentum but experienced a notable deceleration towards the end of the period.
Smart water metering systems are crucial for efficient water management and conservation. The India smart water metering market has gained significance as water resources become increasingly scarce and valuable. Smart water meters enable real-time monitoring and data analytics, helping utilities and consumers track and manage their water consumption. Government initiatives to modernize water infrastructure and improve water supply management have boosted the adoption of smart water metering solutions. Manufacturers are developing advanced metering technologies to address the challenges of water scarcity and wastage in India.
The India smart water metering market is being propelled by several factors. Firstly, there is an increasing focus on water conservation and efficient management of water resources. Smart water meters enable real-time monitoring and data collection, aiding water utilities in leak detection and reducing water wastage. Secondly, the government`s initiatives and policies promoting smart cities and the digitization of utilities are encouraging the adoption of smart water meters. Furthermore, the rising urbanization and population growth in India are putting pressure on water supply systems, necessitating better management, which is achievable through smart water metering. These factors, along with the demand for accurate billing and transparency in water usage, are key drivers for the market.
Challenges in the smart water metering market include the deployment of cost-effective solutions for water management, data security, and addressing the issues related to water scarcity and contamination.
The COVID-19 pandemic highlighted the importance of efficient water management and conservation. While the deployment of smart water metering systems faced some challenges due to lockdowns and disruptions, the crisis underscored the need for remote monitoring and data collection in the water sector. This drove increased interest in smart water metering, especially in urban areas, as utilities sought ways to optimize water distribution and revenue collection.
For smart water metering, significant players include Sensus, Itron Inc., Elster Group (Honeywell), Kamstrup, and Badger Meter.
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 India Smart Water Metering Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Smart Water Metering Market Revenues & Volume, 2021 & 2031F |
3.3 India Smart Water Metering Market - Industry Life Cycle |
3.4 India Smart Water Metering Market - Porter's Five Forces |
3.5 India Smart Water Metering Market Revenues & Volume Share, By Meter Type, 2021 & 2031F |
3.6 India Smart Water Metering Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Smart Water Metering Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 India Smart Water Metering Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 India Smart Water Metering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting smart water metering adoption |
4.2.2 Increasing urbanization and population density in India |
4.2.3 Growing awareness about water conservation and sustainability |
4.3 Market Restraints |
4.3.1 Initial high investment costs for implementing smart water metering systems |
4.3.2 Lack of skilled workforce for installation and maintenance of smart water meters |
4.3.3 Resistance to change from traditional water metering systems |
5 India Smart Water Metering Market Trends |
6 India Smart Water Metering Market, By Types |
6.1 India Smart Water Metering Market, By Meter Type |
6.1.1 Overview and Analysis |
6.1.2 India Smart Water Metering Market Revenues & Volume, By Meter Type, 2021-2031F |
6.1.3 India Smart Water Metering Market Revenues & Volume, By Ultrasonic, 2021-2031F |
6.1.4 India Smart Water Metering Market Revenues & Volume, By Electromagnetic, 2021-2031F |
6.1.5 India Smart Water Metering Market Revenues & Volume, By Smart Mechanical, 2021-2031F |
6.2 India Smart Water Metering Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Smart Water Metering Market Revenues & Volume, By Water Utilities, 2021-2031F |
6.2.3 India Smart Water Metering Market Revenues & Volume, By Industries, 2021-2031F |
6.3 India Smart Water Metering Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 India Smart Water Metering Market Revenues & Volume, By AMI, 2021-2031F |
6.3.3 India Smart Water Metering Market Revenues & Volume, By AMR, 2021-2031F |
6.4 India Smart Water Metering Market, By Component |
6.4.1 Overview and Analysis |
6.4.2 India Smart Water Metering Market Revenues & Volume, By Meter & Accessories, 2021-2031F |
6.4.3 India Smart Water Metering Market Revenues & Volume, By IT Solutions, 2021-2031F |
6.4.4 India Smart Water Metering Market Revenues & Volume, By Communications, 2021-2031F |
7 India Smart Water Metering Market Import-Export Trade Statistics |
7.1 India Smart Water Metering Market Export to Major Countries |
7.2 India Smart Water Metering Market Imports from Major Countries |
8 India Smart Water Metering Market Key Performance Indicators |
8.1 Percentage increase in smart water meter installations in urban areas |
8.2 Average monthly water consumption per capita in cities where smart meters are implemented |
8.3 Reduction in water leakage rates in regions with smart water metering systems |
8.4 Percentage of water utilities using data analytics from smart meters to improve efficiency |
8.5 Customer satisfaction scores related to water billing accuracy and service responsiveness |
9 India Smart Water Metering Market - Opportunity Assessment |
9.1 India Smart Water Metering Market Opportunity Assessment, By Meter Type, 2021 & 2031F |
9.2 India Smart Water Metering Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Smart Water Metering Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 India Smart Water Metering Market Opportunity Assessment, By Component, 2021 & 2031F |
10 India Smart Water Metering Market - Competitive Landscape |
10.1 India Smart Water Metering Market Revenue Share, By Companies, 2024 |
10.2 India Smart Water Metering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |