Quantifying Growth: Unveiling India Smart Water Metering Market Size and Forecast by 2024-30, Boasting a CAGR of 15% – MarkNtel Advisors

India Smart Water Metering Market Size, Share, Trends, Analysis Future and forecast 2024-30

Are you in search of valuable insights driven by data to fuel the growth of your business? Look no further than the comprehensive market research report on India Smart Water Metering Market provided by Markntel Advisors! Whether your goal is to outpace your competitors, introduce new products, or explore untapped markets, our accurately crafted report has all the information you need. As a business owner or analyst, this indispensable tool is something you simply cannot afford to overlook.

Let’s Run Through the India Smart Water Metering Market Insights to Have a Clear View

The India Smart Water Metering Market is estimated to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30.

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Examining the Top Competitors of the India Smart Water Metering Market Size:

In this section, we will explore the India Smart Water Metering Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let’s delve into the details & acquaint ourselves with these market players.

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

A Comprehensive Overview of Geographical Diversity:

the India Smart Water Metering Market expands across:

  • North
  • South
  • East
  • West

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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For years, India has been facing the challenge of water leakage & non-revenue water, driven by the prevalence of aged & outdated water infrastructures, mismanagement, etc.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.

India Smart Water Metering Market Segmentation Outline:

  • 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

Key Questions Addressed in the India Smart Water Metering Market Research Report:

  • What is the estimated size, share, & CAGR of the India Smart Water Metering Marketin the forecast period?
  • What are the key trends projected to impact the India Smart Water Metering Marketduring 2024-30?
  • What are the different segments & sub-segments considered in the India Smart Water Metering Marketresearch study?
  • Who are the key stakeholders and players participating in the India Smart Water MeteringMarket?
  • What would be the demand for different types of products/services in the India Smart Water Metering Market through 2030?

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Note: The India Smart Water Metering Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry’s prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.

About MarkNtel Advisors

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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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