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 marketing@bridgetoindia.com.


Recent reports

India Solar Compass Q3 2020   

India added just 351 MW of solar power generation capacity in Q2 2020 taking total installed capacity to 38,377 MW by 30 June 2020....

Buy Report Download Executive Summary

Solar Manufacturing Prospects   

Buoyed by government promises of customs duty on imports and financial incentives, solar manufacturing sector is witnessing renewed interest....

Buy Report Download Executive Summary

India Solar Rooftop Map | June 2020

India’s operational rooftop solar capacity reached 5,953 MW as on 30 June 2020. Only 1,140 MW capacity is estimated to have been added in the twelve...

Download

India Renewable Map | June 2020

India’s utility scale solar and wind capacity reached 69,808 MW as on 30 June 2020. Only 6,284 MW of new capacity was added over last 12 months, dow...

Download

India Solar Compass Q2 2020   

India added just 351 MW of solar power generation capacity in Q2 2020 taking total installed capacity to 38,377 MW by 30 June 2020....

Buy Report Download Executive Summary

Transmission planning, implementation and status   

Transmission remains a critical bottleneck to growth of India’s renewable power sector....

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