Smart meters: market update and growth outlook

With a target to reduce AT&C losses to 15% and improve overall financial performance of DISCOMs, the Indian government is pushing for universal rollout of smart meters. However, penetration remains very low (less than 1%) despite several government initiatives. Concerted measures are required to streamline financing, tendering and installation process to achieve the latest 270 million installation target by 2023.

Recent government steps to centralise procurement and provide integrated financing solutions to DISCOMs have shown encouraging results. The market has attracted attention of leading technology providers and investors.

Figure: Status of smart meter installation as of November 2020

This report takes stock of various policies and schemes implemented by the government, current penetration across different states, benefits of smart meters, procurement process and market shares of leading meter suppliers. We also assess reasons for slow deployment and growth outlook for the market.

You can purchase the full report online or buy an annual subscription by writing to us at

Recent reports

India PV Module Intelligence Brief – Q1 2022   

This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technol...

Buy Report

India Corporate Renewable Brief | Q1 2022   

Our latest edition of quarterly report provides a detailed regular update on key trends and developments in the C&I renewable market....

Buy Report Download Executive Summary

India Solar Compass Q1 2022   

This report provides a detailed update of all key sector developments and trends in the quarter – capacity addition, leading players, tenders and po...

Buy Report Download Executive Summary

Technical Standards For Balance of Systems In Solar Projects

India’s solar capacity has grown from just 10.5 GW to 52 GW in the last five years and the country has adopted ambitious target of building 280 GW s...


India PV Module Intelligence Brief – Q4 2021   

BRIDGE TO INDIA has released a new quarterly report, India PV Module Intelligence Brief, capturing ongoing demand-supply, pricing, technology and poli...

Buy Report

Solar pumps – waiting to take off   

The government has set a target to install 2 million off-grid and 0.75 million grid connected agricultural solar pumps by FY 2023. However, progress h...

Buy Report Download Executive Summary
We use cookies to offer you an optimal user experience and collect information on website usage.