Rise in Urbanization and Industrialization to Drive Energy Meters Market in India: Ken Research

Energy meter is an appliance for measuring energy utilizes with electric load, which is consumed by business or residence. It is also called electricity meters. Its measurement unit is kilowatt hour (KWH). It has four parts: braking system, driving system, moving system and registering system. Some essential features of energy meters are comprehensive data storage, dual auxiliary power supply (AC and DC), flexible tariff application, dynamic error compensation for voltage and current transformers errors and independent communication ports for local and remote meter reading etc.

The energy meter is classified by electronic energy meter, electromechanical induction type energy meter and smart energy meter. Electronic energy meter utilizes less power: it might be digital and analog. Electromechanical induction type energy meter consists by two silicon steel laminated electromagnets such as shunt magnets and series magnets: the main problem of this is easy prone to tampering. Smart energy meters have capability of communication in both directions.

Energy meter Market

According to study, “Energy Meters Market in India 2011” some of the major companies that are currently working in the energy meter market in India areItron India Pvt. Ltd., Genus Power Infrastructure Ltd., Ami-tech Ltd., Eapl Ltd., Holey Pvt Ltd., Medco, Elmeasure, Cadet Ltd., Automatic Ltd., Bencrec Ltd., Pork Ltd., Larsen & Toubro Ltd., ElMax India Pvt. Ltd., Mahashakti Energy Limited, HPL India Pvt. Ltd., Rishabh Pvt. Ltd., BenTech Electricals & Electronics Pvt. Ltd., Landis &Gyr Ltd., Secure Meters Pvt. Ltd., Towa Engineering Works, Schneider Electric India Pvt. Ltd., Superior Products Industries. These key players offer distribution network, product quality and customer satisfaction. These players define their financial and expansion plans in the market.

On the basis of technology, the energy meter market is segmented into Automatic Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). AMI is further sub-segmented into power line communication, radio frequency and cellular. The energy meter use in the market is divided based on the applications such as commercial, residential and industrial. Commercial sector is defined by healthcare, logistics, education, retail, hospitality, offices and transportation etc. On the basis of the tariff meters, the market is segmented into single phase, third phase, panel meters, prepaid & smart meters, dual meters and multi-function meter.

The market of energy meter in India is mainly driven by rising household demand. Increase in rural electrification, government initiatives and high replacement led to the growth of the market. Integrated Power Development Schemes (IPDS), Smart Grid Mission and Smart City Mission are some government initiatives for energy meter in country, which are responsible for reducing Aggregate Technical & Commercial (AT & C) losses and achieving 100 % metering. Apart from advantages some of the challenges include high entry barrier and archaic business practices etc.

India is the wide exporter of energy meter. In 2011, the Indian energy meter market was around $460 million, with contribution of panel meters and tariff meters (10 % and 90 % respectively). In revenue terms, tariff meters segmented with 65 % due to huge requirement from Transmission & Distribution (T & D) utilities and single phase electric meters. Nowadays, multi-meters, smart and digital meters are mostly used in industrial and commercial sectors due to additional functionalities. In addition, dual meters are widely used for back-up power in industries. It is expected that the market will be grown progressively, in the near future.

To know more, click on the link below:

https://www.kenresearch.com/energy-and-utilities/power/energy-meters-india-2011/172201-103.html

Related Reports

https://www.kenresearch.com/energy-and-utilities/power/electric-energy-meters-prospects/87102-103.html

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Ken Research

Ankur Gupta, Head Marketing & Communications

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