India Smart Water Metering Market Charts Course for 15% CAGR Advancement in Forecast Period 2024-2030.

 

In-Depth Analysis of the India Smart Water Metering Market: 2024-2030 Forecasts

According to the latest findings by MarkNtel Advisors, The India Smart Water Metering Market size is estimated to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30. The report provides an in-depth analysis of crucial aspects such as market trends, size, forecasts, growth factors, challenges, and competitor assessments. Conducting a thorough examination of the India Smart Water Metering Market, the report offers insights into recent developments and presents an overview of the market landscape.

India Smart Water Metering Market Segmentation Analysis:

Our research report meticulously explores the India Smart Water Metering Market, breaking it down into these key segments: 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) and Others. Each segment, along with its subdivisions, undergoes a detailed breakdown to offer a comprehensive understanding of the market dynamics.

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Geographical Coverage:

Our research report on the India Smart Water Metering Market offers comprehensive coverage across different regions, including North, East, West, South. It provides detailed information on growth potential in each country and region, offering valuable insights for market stakeholders to strategically plan future operations and investments.

India Smart Water Metering Market Driver:

Growing Need for Reducing Non-Revenue Water – For years, India has been facing the challenge of water leakage & non-revenue water, driven by the prevalence of aged & outdated water infrastructures, mismanagement, etc. According to the World Bank 2020, the average NRW (Non-Revenue Water) in India is about 38%, i.e., more than the global average NRW. The adoption of digital & advanced solutions like smart water metering has proven to be effective in reducing NRW & water losses, improving billing efficiency, increasing water conservation, and resource optimization, resulting in enhanced income generation for water utilities.

Additionally, the launch of various government initiatives such as the Smart Cities Mission. Atal Bhujal Yojana (ABHY), etc., has also pushed the demand for smart water metering solutions. In 2019, Pune Municipal Corporation (PMC) invested over 275,000 Sensus iPERL smart water meters to monitor, measure & manage activity across its network. It is the first city to implement a program aligned with the country’s Smart City Mission, thereby contributing to the growth of the Smart Water Metering Market in India.

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Competitive Landscape of India Smart Water Metering Market

The India Smart Water Metering market witnesses’ fierce competition driven by the participation of both foreign and domestic companies. Considerable investments in Research and Development (R&D) have led to multiple innovations in the market. Companies with a reach exert significant influence over the India Smart Water Metering market, and it is anticipated that several international players will expand their presence in the coming years. To maintain competitiveness amidst rivals, vendors must prioritize the development of new technologies and strive to stay ahead of imminent breakthroughs. The report underscores key players in the market, namely:

• Peltek India
• Schneider Electric
• ABB Limited
• Honeywell Elster
• Siemens AG
• Landis Gyr
• Badger Meter Inc.
• Itron Inc.
• Arad Group
• Tata Communications
• Others Ltd.

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Common Queries:

1. What is the current trajectory of cost and profit estimations in the India Smart Water Metering Industry?
2. How do factors like supply and consumption shape the landscape of the industry?
3. In what ways do import and export considerations impact the dynamics of the India Smart Water Metering Industry?
4. Which technological advancements are anticipated to shape the future of the India Smart Water Metering Market?
5. Who are the noteworthy players highlighted in the India Smart Water Metering Market research report?
6. What are the anticipated USD valuations and the CAGR for the forecasted years?

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