India Smart Water Metering Market Outlook: Size, Value & Forecast to 2030

India Smart Water Metering Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

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

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India Smart Water Metering Market Dynamics: 2024-2030

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For years, India has been facing the challenge of water leakage & non-revenue water, driven by the prevalence of aged & outdated water infrastructures, mismanagement, etc.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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India Smart Water Metering Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

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

Amongst them, the commercial & industrial sector is estimated to acquire a considerable market share in the coming years. 

By Region

-North

-South

-East

-West

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the India Smart Water Metering Market:

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

Industry Recent Development:

• In 2022, SenRa and Cranberry Analytics entered into a partnership to digitize Panaji smart city’s water supply with the low-power network and ultrasonic smart water meters in India.

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