Analyzing the India Smart Water Metering Market Size: Eyes 15% CAGR and Forecast for 2024-30

India Smart Water Metering Market Size, Share, Analysis, Trends Future & Forecast 2030

MarkNtel Advisors has published a research report on the India Smart Water Metering Market for the forecast years, 2024-30. This research is a dependable reference for assessing historical and future data, developmental trends, and prevailing industry catalysts. Recognizing the growing demand for market research across various sectors, a comprehensive study has been formulated addressing diverse topics. Through qualitative and quantitative data, this report effectively covers key alterations, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges.

India Smart Water Metering Market Overview:

According to the latest report from MarkNtel Advisors, the India Smart Water Metering Market is anticipated to experience a CAGR of 15% between 2024-30. This comprehensive analysis contains key insights into market trends, size, projections, growth catalysts, challenges, and competitor assessments.

The report offers an in-depth evaluation of the India Smart Water Metering Market, presenting the latest developments and providing an overview of the current market scenario. With markets gradually recovering from the impact of the pandemic, there is a notable stabilization or even an increase in disposable income in developing nations, driving the market’s momentum.

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India Smart Water Metering Market Segmentation Analysis:

This thorough analysis of the India Smart Water Metering Market facilitates the identification of significant market factors. The report delves into key market segments and the regional analysis outlined within this research, which will significantly aid industry players in refining their consumer targeting, strategic positioning, and overall business expansion efforts.

-By Component

-Meters & Accessories- Market Size & Forecast 2019-2030, USD Million

-IT Solutions- Market Size & Forecast 2019-2030, USD Million

-Communications- Market Size & Forecast 2019-2030, USD Million

-By Meter Type

-Electromagnetic Meters- Market Size & Forecast 2019-2030, USD Million

-Ultrasonic Meters- Market Size & Forecast 2019-2030, USD Million

-Smart Mechanical Meters- Market Size & Forecast 2019-2030, USD Million

-By Technology

-Automated Meter Reading (AMR) – Market Size & Forecast 2019-2030, USD Million

-Advanced Metering Infrastructure (AMI) – Market Size & Forecast 2019-2030, USD Million

-By End User

-Residential- Market Size & Forecast 2019-2030, USD Million

-Commercial- Market Size & Forecast 2019-2030, USD Million

-Industrial- Market Size & Forecast 2019-2030, USD Million

-Municipal- Market Size & Forecast 2019-2030, USD Million

-By Region

-North

-South

-East

-West

Growth Drivers of the India Smart Water Metering Market

Key drivers, such as escalating demand, diminishing costs, and emerging market opportunities, propel the market forward. Concurrently, challenges inherent in the market landscape are also crucial in steering its course. The market environment, further intertwined with these influential elements, is governed by a regulatory framework that dictates the rules of engagement.

Technological developments act as a catalyst, propelling innovation and transforming industries. However, amidst the promising prospects lie market risks, posing potential obstacles that businesses must navigate. Within these dynamics of market drivers and the encompassing market environment, companies strategically position themselves to thrive in an ever-evolving economic landscape.

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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.

Analysis of India Smart Water Metering Market Share:

The competitive landscape of the India Smart Water Metering Market is dissected through a thorough competitor analysis. This includes detailed insights into each company’s profile, financial performance, market share, potential, Research and Development (R&D) investments, recent market initiatives, strengths and weaknesses, as well as product/service launches and dominance. The information outlined above offers a comprehensive overview of the prominent market players, including,             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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Frequently Asked Questions (FAQs)

• What key forces are steering the dynamics of the India Smart Water Metering Market?
• What potential opportunities and obstacles can be identified on the horizon?
• How might regulatory changes impact the India Smart Water Metering industry’s trajectory?
• What are the anticipated technological advancements shaping the future of the India Smart Water Metering Market?
• Who are the key players profiled in the India Smart Water Metering Market research report?
• What is the estimated valuations in USD, and CAGR for the forecast years?

About us:

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfil their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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