India Smart Water Meters Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 5.60% (2025-2033)
The India smart water meters market is experiencing robust growth, driven by rising demand for efficient water management solutions, government-led urban infrastructure initiatives, and increasing awareness about water conservation. According to the latest report by IMARC Group, The India smart water meters market size reached USD 187.50 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 306.18 Million by 2033, exhibiting a growth rate (CAGR) of 5.60% during 2025-2033.
India Smart Water Meters Industry Trends and Drivers:
The India smart water meters market is growing quickly. This growth happens due to a few reasons. First, urban areas are expanding quickly. Second, the government is supporting these changes. Lastly, there's a growing need for improved water management. Urbanization has put a lot of stress on current water systems. So, there is a need for advanced technology to ensure fair distribution and reduce waste. Programs like the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and the Smart Cities Mission are crucial. They promote the development of smart water infrastructure and provide essential funding. These initiatives aim to update urban water management. They will reduce non-revenue water losses and improve overall efficiency. Municipal corporations in various cities are implementing smart water meters. These meters improve billing accuracy, reduce non-revenue water, and ensure fair water distribution. The requirement to install meters in all urban areas has also sped up the deployment of smart meters. Government support, such as funding and helpful policies, is driving growth in the smart water meters market.
India's smart water meter market is growing due to IoT and AMI solutions. Water utilities are quickly moving from traditional mechanical meters to modern smart meters. These new meters provide real-time data, enable remote monitoring, and detect leaks automatically. This change is fueled by the need for data-driven water management. Utilities can optimize water use and spot issues faster. Integrating IoT technology with smart water meters is key to digitizing India's water supply network. This integration improves the market outlook. Also, using low-power communication networks like NB-IoT and LoRaWAN is lowering smart water meter costs. This makes them easier to implement, especially in urban and semi-urban areas. Smart water metering solutions are now easier to access and more affordable. This change helps more consumer groups adopt these technologies.
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India Smart Water Meters Industry Segmentation:
The report has segmented the market into the following categories:
Product Insights:
- Electromagnetic Meter
- Ultrasonic Meter
- Electromechanical Meter
- Others
Meter Type Insights:
- Smart Hot-Water Meter
- Smart Cold-Water Meter
Configuration Type Insights:
- Automated Meter Reading (AMR)
- Advanced Metering Infrastructure (AMI)
Component Insights:
- Meters and Accessories
- IT Solutions
- Communication System
Application Insights:
- Water Utilities
- Commercial
- Industrial
- Residential
Regional Insights:
- North India
- South India
- East India
- West India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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