Apr 02, 2017 · Yet, smart meter adoption in the U.S. has either stalled or is growing very slowly and adoption in countries with vast populations, such as India, has been extremely slow.
The global smart meters market is expected to reach $20.6 billion by 2020, registering a CAGR of 10.6% during 2015–2020 (forecast period). The market is being driven by the government policies across the globe that are supporting the installation of such devices. Contents of this website is published and managed by Energy Efficiency Services Limited, Government of India. For any queries regarding this website please contact Web Information Manager
The research study titled “Global Smart Water Meter Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global smart water meter industry along with the market size and estimates for the duration 2015 to 2025.
• Installing smart meters in India could save enough electricity to power more than 10 million homes by 2017. • India loses 24% of the electricity it generates every year, costing the country 17 billion USD and power theft accounts for around half of this loss. smart meters, and grid applications. Just how big that market will be will depend on a wide range of variables, all of which smart grid players in this field will have to monitor carefully. Across business segments, growth and value will be determined by the technology, the level of competition, and emerging regulation and policy.